Nifty: Futures data analysis & Chart view

In the previous post we had highlighted that FIIs were not playing for the down move and on the downside the zone of 8816-8835 will be very important. Well, Nifty made a low of 8821.90 and recovered from there to close in the green.

That’s the power of data and chart analysis for you. So let’s see what we have got today.

FIIs were again Net buyers today. 6585 contracts were bought amounting Rs 360.64 Cr

FIIs added 4020 Long contracts and reduced their Short position by 3326 contracts. Their Long :: Short ratio now stand at 1 :: 1.

Retail clients added 550 Long Contracts and increased their Short positions by 19625 contracts. Their Long :: Short ratio has changed from 1:: 1.12 and now stands at 1 :: 1.32 reflecting that they are turning further bearish.

Pro traders squared off 1632 Long contracts & also squared off 6776 Short contracts. As a result their Long :: Short ratio has turned towards neutral zone from 1:: 1.32 to 1:: 1.09

All in all, it can be said that Retail participants are increasing their Short position when FIIs and Pro are turning neutral.


Looking at the chart, till the time green line is held, Nifty has higher probability to move towards 9620 levels. ( good risk:: reward ratio )

The red line, for us, is the Laxman Rekha – only if that is broken decisively then we can see resumption of down trend.

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Take care & safe trading!!!

Comment:

A few days back we had posted this chart

Comment:

One may consider selling Nifty 9000 Put option between 80-100
CMP 85

Trade active:

Nifty 9000 Put option
CMP 94

Trade is active

Trade closed: stop reached:

NIFTY 9000 Put option CMP 124

Exit from the position.

Comment:

Strong Resistance at 9500 and now we are seeing resistance building up at 9300

Be cautious

Comment:

Resistance slowly creeping up at 9200 levels

Comment:

This a contra trade

Nifty is at 9200

Consider Selling Nifty 9400 call option at 105
Stop loss 130

Trade closed manually:

Nifty 9400 Call optionn update
Suggested selling at 105

Today made a low of 70 so far.
Cmp 79

Consider booking profits