Nifty bounces from gann support, FII FnO Data Analysis

• FII’s bought 8.7 K contract of Index Future worth 435 cores ,4.7 K Long contract were squared off by FII’s and 13.4 K  short contracts  were squared off by FII’s. Net Open Interest decreased  by 18.2 K contract, so today’s rise in market was used by FII’s to exit long and shorts in index futures .Happy Independence Day 2015

• Nifty bounced from the  support area as discussed in Weekly analysis.  Nifty again bounced  from the weekly trendline, so high chances we can break 8654 next week. Once 4×1 line of gann box is crossed we can see the cross of 8654 range. Support at 8480/8450 range.
  

• Nifty August Future Open Interest Volume is at 1.50 core with liquidation of 6.3 Lakh, with decrease in CoC suggesting  long positions got closed today.NF Rollover price came at 8503 and NF went above it
  

• Total Future & Option trading volume was   at 2.88 core with total contract traded at 5.3 lakh . PCR @0.97.

• 8700  CE  OI at 49.6 lakh , wall of resistance @ 8700 .8400/8800 CE liquidated 26 lakh in OI so bears got on back foot and covered majority of shorts in past 2 days. FII bought 7.2 K CE longs and 3.4 K shorted  CE were covered by them.Retail sold 161 K CE contracts and 26.5 K shorted  were covered by them.
  

• 8200 PE OI@ 66  lakhs  strong base @ 8200.  8300/8600 PE  added 34  lakh so major  addition was seen in  8400/8500 PE still bulls are holding  and 80  lakh from start of series . FII bought 17.9 K PE longs and 5.2 K PE were shorted by them.Retail bought 222 K PE contracts and 138 K PE contracts were shorted by them.
  

• FII’s bought 403 cores in Equity and DII’s bought 179 cores in cash segment.INR closed at 65.1 trading at 2 year low.1997 Asian Currency Crisis happening again
  

• Nifty Futures Trend Deciding level is 8498 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8525 and BNF Trend Deciding Level 18580 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18785 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .NF and BNF gave 200 and 700 point in just 2 trading sessions.

 

Buy above 8530 Tgt 8550,8571 and 8600 (Nifty Spot Levels)

Sell below 8500 Tgt 8475,8450 and 8425 (Nifty Spot Levels)

 

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