Nifty forms multiple top, FII FnO Data Analysis

By | July 23, 2015 11:48 pm
5 Comments

FII

  • FII’s sold 22.3 K contract of Index Future worth 583 cores ,2.8 K Long contract were squared off  by FII’s and 19.5 K  short contracts  were added by FII’s. Net Open Interest increased  by 16.7 K contract, so today’s fall was used by FII’s to enter  shorts and exit longs in index futures . How $500 million got Wiped off in four seconds
  • Pyrapoint resistance of 8636 is acting as strong resistance as nifty was unable to cross and sustain over it. Weekly closing tomorrow so bulls would like to close nifty above 8650 and bears below 8550. Nifty has been consolidating in small range with multiple tops formed in range of 8640-8654.Sustainability above 8650 is required to see continuation of this up move whereas move below pivot low of 8500 will be bearish!

NIFTY - Pyrapoint

Nifty Gunner

  • Nifty July Future Open Interest Volume is at 2.06 core with liquidation of 7.5 Lakh, with increase in CoC suggesting  short  positions got closed today.
  • Total Future & Option trading volume was   at 2.86 core with total contract traded at 4.2  lakh. PCR @1
  • 8700  CE  OI at 51.1  lakh , wall of resistance @ 8700 .8400/8800 CE added 3  lakh so bears added minor quantity today . FII bought 14.2 K CE longs and 56.5 K  CE were shorted by them.Retail bought 122 K CE contracts.Retailers buying CE and market going down.
  • 8500 PE OI@ 61.9 lakhs so strong base @ 8500.  8500/8700 PE  liquidated 18.8  lakh so major liquidation seen in  8500/8600 PE as nifty was unable to show follow up move ,still holding 180 lakh suggesting bulls are still holding  aggressive positions at lower levels . FII sold 23.8 K PE longs and 28.1 K PE were shorted by them.Retail sold 87 K PE contracts.
  • FII’s bought 185 cores in Equity and DII’s sold 276 cores in cash segment.INR closed at 63.76

 

Buy above 8607 Tgt 8638,8655 and 8687 (Nifty Spot Levels)

Sell below 8573 Tgt 8557,8526 and 8498 (Nifty Spot Levels)

 

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5 thoughts on “Nifty forms multiple top, FII FnO Data Analysis”

  1. K Mohan

    Sir, thanks for your advice regarding choppad level trading, but as you suggested once i take entry keep stoploss of 20 points, then if i wait for the sl to trigger then the reverse trade gets activated, for eg- in this week it was at 8627 firstly buy got initiated i kept a sl of 20 points but when it came down sl got triggered but i could not take sell position as it was already down. Please advice if possible.
    regards
    K Mohan

    Reply ↓
    2. preet

      Hi Mohan Well a better way to trade weekly chopad levels is see if nifty trades above 8627 on 15 minute chart.If u notice nifty never traded above 8627 on 15 min. timeframe.so sell call activated on 21 july below 8627.High made 8647 and market cracked to second support level of 8500.So always see 15 min chart to buy or sell and stop loss becomes 20 points above chopad levels on 2 min chart.If after shorting below 8627 nifty moves to 8647 and stays above 8647 for 2 min. then exit.It takes away lot of whipsaws.

      Reply ↓

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