Nifty forming triangle,FII FnO Data Analysis

 

• FII’s bought 2.1 K contract of Index Future worth 18 cores ,2.6 K Long contract were squared off by FII’s and 4.7 K  short contracts  were squared off by FII’s. Net Open Interest decreased  by 7.3 K contract, so today’s fall in market was used by FII’s to exit long and exit shorts in index futures .Trading Is Harder Than You Think: Complexity Of Trading

• Nifty has formed multiple tops near 8530/8525 in past 3 trading sessions and formed 2 Inside day candle in past 2 sessions, also forming a contracting triangle pattern suggesting big move is round the corner. If 8420 is held we can see Nifty moving towards 8635 as per abc pattern as shown in below chart. Pyrapoint also suggests big move round the corner.
  

 

• Nifty August Future Open Interest Volume is at 1.42  core with liquidation of 2.4 Lakh, with increase in CoC suggesting  short  positions got closed today.NF Rollover price came at 8503 and NF close below it.
  

• Total Future & Option trading volume was   at 2.58 core with total contract traded at 3.7 lakh . PCR @0.90.

• 8600  CE  OI at 50 lakh , wall of resistance @ 8600 .8400/8800 CE liquidated 3.9 lakh in OI so bears covered marginally at 8400 CE.  FII bought 5.2 K CE longs and 2.9 K CE were shorted  by them.Retail bought 30 K CE contracts and 2.8 K CE shorted  were covered by them.
  

• 8200 PE OI@ 62.6  lakhs  strong base @ 8200.  8300/8600 PE  added 3.4  lakh so minor  addition was seen in  8400/8500 PE still bulls are holding  and 70  lakh from start of series . FII bought 17 K PE longs and 2.2 K shorted PE were covered by them.Retail bought 68 K PE contracts and 61 K PE contracts were shorted by them.So retailers playing for range bound move.
  

• FII’s sold 255 cores in Equity and DII’s bought 183 cores in cash segment.INR closed at 65.31 trading at 2 year low.1997 Asian Currency Crisis happening again
  

• Nifty Futures Trend Deciding level is 8483 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8519 and BNF Trend Deciding Level 18773(For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18786 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 8480 Tgt 8500,8530 and 8550 (Nifty Spot Levels)

Sell below 8425 Tgt 8400,8375 and 8350 (Nifty Spot Levels)

 

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