Thursday, 8 January 2015

FII FnO Data Analysis for 09 Jan


FII
  • FII’s sold 6.7 K contract of Index Future worth 176 cores, 2.1 K Long contract were squared off  by FII’s and 4.5 K  short contracts  were added  by FII’s. Net Open Interest increased  by 2.4 K contract ,so FII’s squared off  long and added shorts in Index futures.
  • This is what we discussed yesterday Nifty hourly chart touched the support line and formed a doji candlestick pattern similar to the one @ lows 7961 signalling short term bottom . Tomorrow going by historical data we should see gap up opening, and need to see a rally till 8200/8232 odd levels. Nifty opened with a gap up and closed at 8234. Now expect another gap up tomorrow going by historical data and traders should watch 8325-8320 range where next level of resistance lies ie. yeallow line of gann box as shown in below chart.
nifty hourly
NIFTY - Gann Circle

  • Nifty Future Jan Open Interest Volume is at 1.77  core with liquidation of 9.1 lakh in OI, short covering seen today.
  • Total Future & Option trading volume was   at 1.68 lakh core with total contract traded at 4 lakh. PCR @1.05.
  • 8400  CE  OI at 53.9 lakh so wall of resistance @ 8400.8200/8400 CE saw liquidation of 19.2 lakhs so bears were taken off the guard and running for cover. FII bought 18.3 K CE and 10 K CE were shorted  by them.
  • 8100 PE OI@ 47.3 lakhs so strong base @ 8100. 8200 PE  added 4  lakh in OI 8200 PE writers are getting confident of holding and 8300/8500 added 10 lakh in OI so bulls are back with bang. FII bought 8.8 K PE and 4 K shorted  PE  were covered by them.
  • FII’s sold 466 cores in Equity and DII bought 288 cores in cash segment.INR closed at 62.66 biggest fall in recent time.

Buy above 8245 Tgt 8262,8291 and 8339 (Nifty Spot Levels)

Sell below 8215 Tgt 8186,8150 and 8120 (Nifty Spot Levels)

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