FII FnO Analysis for 8 May trade in Nifty Future
Below is my FII interpretation for FII datasheet for 8 May
1. FII sold 3525 Contracts of NF worth 59 cores OI increased by 14041.
2. As Nifty Futures was up by 28 points and OI has increased by 14041 , which signify FII has use the rise to short the Index.
3. Today we saw a fall till 4988 which was just 3 points shy of 4991 levels and after clarification on GAAR markets rally,with Nifty just 1 point shy of 200 DMA@5115. Now as we got clarity on GAAR will the markets continue to rally is million dollar question. Looking at FnO data till Nifty is trading below 5205 the breakdown point Bears are under control. Hourly charts were quiet oversold and bounce back was imminent.
4. India VIX@20 is at lower end of range and any move above 23.33 will add more power to Bulls, IV of Calls and Puts is also between 20-30 only.Also the lower trendline...
Read the Full Story
1. FII sold 3525 Contracts of NF worth 59 cores OI increased by 14041.
2. As Nifty Futures was up by 28 points and OI has increased by 14041 , which signify FII has use the rise to short the Index.
3. Today we saw a fall till 4988 which was just 3 points shy of 4991 levels and after clarification on GAAR markets rally,with Nifty just 1 point shy of 200 DMA@5115. Now as we got clarity on GAAR will the markets continue to rally is million dollar question. Looking at FnO data till Nifty is trading below 5205 the breakdown point Bears are under control. Hourly charts were quiet oversold and bounce back was imminent.
4. India VIX@20 is at lower end of range and any move above 23.33 will add more power to Bulls, IV of Calls and Puts is also between 20-30 only.Also the lower trendline...
Read the Full Story
posted by Bramesh at
8:58 PM
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