Sensex and Nifty Weekly Technical Analysis and Stock Trading Tips

Sensex Resistance will be at 20481-20513. Weekly resistance will be at 20583-21100. Weekly support will be at 20066-19549. Traders short can keep the stop loss at 20600. Cover short positions at 20273-19900. Sell on a fall below 19900 with the high of the week as stop loss or 20600, whichever is higher. Sell on rise to 20899-21133 with a stop loss of 20200. Minor pullback seen unless 19900 stands violated

Previous week, the BSE Sensex opened with a gap down in relation to the previous week’s closing of 20513.85. It opened at 20479.03 and maintained the high for the week at 20489.35. The fall to 19963.11 marked the low for the week while it finally closed the week at 20376.56 and thereby showed a net fall of 137 points on a week-to-week basis.

The support of 20137 was tested and 20100 were violated but it closed the week at 20376.56. The retracement of the last rally from 17448 to 21483 is placed at 19947, 19448 and 18985. The low of last week at 19963 was very near the 38.2 percent retracement level of 19947. We, therefore, assume that the first retracement was tested. A pullback of the fall from 21483 to 19963 is likely to be seen before putting the pressure back on 19963.

Further weakness or correction will continue on a fall and close below 19900. If that happens, then expect 19448 and 18985 to be tested.

Resistance will be at 20481-20513. Weekly resistance will be at 20583-21100. Weekly support will be at 20066-19549. The pullback retracement levels are placed at 20515, 29686 and 20903. For the near term to short term, a pullback to retracement can be seen. If a stronger rise and close above 21100 happens, a rally towards the top may be seen.

On the daily chart, we have gaps that can provide resistance. The gaps are at 20572-20647 and 20899-21133. These gaps will be tested and can also offer resistance. The pullback to resistance levels, retracement and gaps can create a lower top and could subsequently test back the low of 19900.

Alternatively, if there is a fall immediately below 19900, then expect it to test the 19448-18985 range.

BSE Mid Cap Index

Further correction can be seen below 6180. Expect a pullback first to the levels of 6420-6495-6570.

BSE Small Cap Index

Further correction can be seen below 6164. If that happens, then expect the range of 5980-5880-5688. If the support of 6164 is not violated, then a pullback to 6374 to 6508 could be seen before putting pressure back on 6164. If the slide continues below 6164 then anyway the trend is down.

BSE Bankex

Retracement of the last rise from 9535 to 13928 was seen. The 50 percent-61.8 percent range is at 11712-11237. The low registered last week was 11373. Expect 11979-12359-12645 to be tested. A pullback can be seen in the near term before putting pressure on the support of 11373.

Strategy for the week For Sensex

Traders short can keep the stop loss at 20600. Cover short positions at 20273-19900. Sell on a fall below 19900 with the high of the week as stop loss or 20600, whichever is higher. Sell on rise to 20899-21133 with a stop loss of 20200

Nifty Weekly Pivot at 6022 is first support. Now 200DMA is at 5977. So the level is 5955-5977 is a Major Support. Below 5955 Bears can touch 5733-5622. On Weekly Chart Trend Line Support is at 5733. The long term trend line in the Monthly chart is now at 5622.

Stock Trading Tips

NIFTY FUT FEB BUY ON DIPS NEAR 6015 SL 5979 TGT 6095

BANK NIFTY FEB FUT BUY ON DIPS NEAR 9930 SL 9765 TGT 10300

Nifty Weekly Outlook 30 September’2013

The price action on the weekly chart gave up some of its recent gains and formed a bearish candle with small shadows in either direction. On the weekly chart the index has formed a lower high after four consecutive higher highs signifying selling pressure at higher levels of 6000-6050.

  • The sideways price action in Nifty in the last four sessions saw the index breach the rising trend line in place since August 2013 low of 5118 levels
  • The violation of this trend line signals bulls losing steam in the current scenario. However a faster retracement of last rising segment from 5798 to 6142 which consumed four sessions, has not panned out as the current decline post RBI’s policy announcement also entered a fourth session on Thursday
  • We anticipate the index to remain range bound in the short term between the key pivotals of 6015-5798
  • The time wise behavior of the index since January 2013 also indicates that the up-leg from the August 2013 low of 5118 levels is approaching maturity
  • Seeing as January 2013 all major directional up {or} down moves have lasted precisely 20-25 sessions
  • Since on Thursday the present up move from August lows has already consumed 20 trading sessions and therefore warrants for a cautious approach going ahead
  • The higher bottom formed at last week’s low of 5798 is a key intermediate support area. The index is seen hovering around this support region in the last four sessions
  • Weakness and close below last week’s low of 5798 will indicate a short term top in place at the recent high of 6142 and accentuate declines towards 5500 in the short-term being the 61.8% Fibonacci retracement of the entire up move from 5119 to 6142 levels
  • In this week the familial markets would be looking out for Eight Infrastructure Industries index for month of August
  • The important data releases in the US markets would be unemployment rate, labor force participation rate, payroll data, factory orders, MBA mortgage applications, initial jobless claims and continuing claims. From Europe, CPI data, PMI data and the retail sales data would be important data points
  • From China, the important economic data release is the PMI data: Manufacturing & Service.

For More Weekly Outlook and Best Stock Tips visit us at profitkrishna.com

Nifty Weekly Review 02-06 September’2013

Nifty OutlookPrevious Week was the most unstable week in recent trading history with nifty swinging wildly in range of seven hundred fifty points and ending the week on dreary note. Nifty were falling alongside the backdrop of a falling rupee, Foreign Institutional Investors selling and the passage of food security bill in the Parliament emphasizing the selling pressure.

Gross Domestic Production {GDP} growth dived to a 4year low of 4.4 per cent in the April-June quarter of 2013-2014, next to 4.8% in the fourth quarter of the prior financial year.  Indian Rupee touched an all-time low of Rs. 68.75 to the dollar and Petrol and Diesel prices raised from Sunday.

U.S markets will be closed on 02-009-2013 on eve of Labor Day holiday. Previous week we furnish Trend Deciding level as 5508 in Nifty. See what happen it cracked below the level.

Nifty Hourly Chart

As per Nifty Spot Hourly charts are trading in perfect down trending canal and breakout comes above 5485.

Nifty Gaps

As per Nifty Spot traders who track gap trading present are one trade gap in the range of 5400 to 6000 and all other gaps get filled.

Nifty Daily Chart

Nifty Spot bounced smartly from 5119 falling trend line support is at 5477. One more breakdown point of 5505 will act as resistance in this week.

Fibonacci Retracement

As per of Fibonacci Retracement theory Nifty has taken resistance at fifty percent retracement and support at 23.6 percent. Holding above 5511 spring back till 5664 can be seen.

Fibonacci fan

As per Nifty Cho pad levels close above 5475 will only be a inoculation for Bulls. Last week Nifty Cho pad level of 5296/5166 played the deception as we were able to capture the bottom and participate in upward rally also.

Nifty Weekly Chart

As per seen Nifty weekly chart It was quite a unpredictable week, with the Nifty seeing a swing of four hundred ten points and ending flat for the week. Nifty spot has formed double hammer candlestick pattern on weekly charts suggesting buying at lower levels and signaling reversal will come if it closes above 5556 on weekly basis. Nifty spot tried to move above the weekly support but failed to close above on weekly basis as per classical technical analysis support becomes resistance.

Nifty Spot Trading Levels for the week:

Nifty Spot Resistance is at 5556-5605-5660

Nifty Spot Support is at 5426-537-5296

Nifty Trend Deciding Level is at 5508

For More Details on Nifty outlook visit www.profitkrishna.com  for Best Stock Tips and Stock Market Tips.

National Stock Exchange (NSE) of India

HISTORY OF NATIONAL STOCK EXCHANGE (NSE) OF INDIA

National Stock Exchange (NSE) of India was set up by the government of India upon recommendation of Pherwani committee of 1991 which was promoted by leading financial institutions led by the Industrial development bank. Currently, it is the 11th largest stock exchange worldwide by market capitalization and the largest in India via daily turn overs.NSE India was incorporated as a tax paying corporation in November 1992 and recognized as stock exchange under the securities contracts Act in the year 1956. It started its operation in the Wholesale Debt market segment in June 1994 while its Capital market segment begun in June 2000.Though National Stock exchange of India is a legal entity on its own, it is co-owned mutually by leading financial institutions, banks, insurance companies and financial intermediaries. This exchange usually operates on an electronic market that permits trading to be mainly automated on the systems with sophisticated software programs and interfaces that aid potential investors to transact and research. Trading of this stock only occurs fro Monday to Friday only. There have been a milestone of events that have taken place in this NSE of India, they include:

  • 12th June, 2000 – Started trading in derivatives with launch of index futures.
  • August, 2008 – Introduction of currency derivatives with launch of currency future in USD.
  • 31st August, 2009 –Added currency futures of Euros, pounds and yen. Further introduced interest rate futures.
  • 29th August, 2011- Launched derivative on contract on world’s most followed equity.
  • 3rd May, 2012- Launched derivative contracts on FTSE 100.

There were several objectives for the formation of NSE India. These are:

  • To establish a global trading facility for all types of securities.
  • To facilitate a equal access to investors by providing an appropriate communication network.
  • To meet international benchmark and standards.
  • To enable shorter settlement cycles and book entry settlements.

SIGNIFICANCE OF NATIONAL STOCK EXCHANGE (NSE) IN INDIAN CAPITAL MARKET.

There are a lot of benefits that have accrued from this Indian stock. These benefits are discussed below:

  • Source of information for investors’ investments decision – NSE publishes notice about brokers, traders and investors. These notices are essential for determining investment strategies on the side of investors.
  • Reveals de-listed companies- NSE can let potential investors know de-listed companies so as to stop investing in them to avoid future loss of in investments.
  • Makes investors aware of suspension stocks and hence make decisions wisely.
  • Makes idle money and saving s productive by bringing together lenders and borrowers.
  • Educates people about higher profits in shares and bonds, how and when to buy shares and bonds.
  • Facilitates good management of companies through periodic performance reports and daily market reports it issues.

HOW NSE OF INDIA WORKS- ONLINE STOCK TRADING

Online stock trading has taken a deep root in India. Approximately 8 million transactions are carried out daily on NSE of India. To participate in on line stock trading, one should open an online stock trading account. There are several online accounts that enable one to trade online. The following procedures are hence followed in order to start online trading:

  • Choose an appropriate online broker.
  • Open an online account for online stock trading for beginners along with a depository account as demanded. Hint: Trader needs to have bank account that supports online transactions.
  • Use the username and password provided to carry out online trading.

TIPS TO INVEST IN STOCK STOCKS (NSE) OF INDIA

Investing stock may look simple when in real sense it is complex and unpredictable. There are several tips that should be employed before one invests in stocks especially when one is a beginner in stock investment. These tips include:

  • Manipulation of a budget for investment; One should not invest all the money in stock because in the event of loss, he/she suffers a great deal.
  • Know which to invest; Investors need to understand profit yielding stocks of which they should choose to invest in them.
  • Understand market trends; this will provide chances and assumptions of what time to invest in and what time are not favorable for investment.

Conclusion

The set up of stock market is a vital tool in an economy. Through the stock market exchange, vital data about investment, performance of countries economy, investment activities, profits of firms & investors and risk bearing confidence are revealed. India has accrued benefits from its NSE due to its early set up of NSE.

Nifty Future Tips & FII Derivative Data – 25 October’2012

The Bse Index Shuts at 18711 down 84 points from its Previous Close or -0.44%. The Nse Index Shuts at 5692 down 26 Points from its Previous Close or -0.45%.

  • As per Indicators side Relative Strength Index& Commodity Channel Index indicating both bullish. While Moving Average Convergence-Divergence is still holding sell signal.

FII Derivative Data:

  • FII bought 810 Contracts of Index Future, worth 87.97 cores with net OI increasing by 17458 contracts.
  • Nifty Future was down by 30 points and Open Interest in Index Futures increased by 17458, so FII covered longs and initiated fresh shorts in Nifty Future and Bank Nifty. October Series has been a non event series in terms of Nifty performance as per Tuesday close nifty was up 42 points in 17 trading sessions of October series.
  • Nifty Spot closed at 5691 after making a high of 5721 and low of 5681.Nifty spot again was unable to break 5725 and 5638 so still trading within the range of 5635-5725. It has been 10 days of consolidation in this range and has been a very frustrating range to traders. Best is to stay on sidelines till this range breakout/breakdown gets resolved. Now the Bollinger band on Daily charts has squeezed so a fast move is round the corner, most probably in November series.
  • Resistance for Nifty has come up to 5725 and 5741 which needs to be watched closely ,Support now exists at 5690 and 5676 .Trend is Sell on Rise till 5725 is not broken on closing basis.
  • Nifty Future October Open Interest is at 1.39 cores with liquidation of 57 Lakh in OI, long liquidation in Nifty Future. Rollovers have started in Nifty Future and 63 lakhs got rollover from October Series.
  • F&O turnover was at 1.60 lakh Cores with total contract traded at 2.83 lakh, PCR at 0.95 and VIX at 13.71.
  • 5800 CE is having highest Open Interest of 1.08 Core with liquidation of 8.6, 5700 CE sheded 7.5 lakhs in OI after Bulls were unable to close nifty above 5700. So fight will be at 5700 CE and PE tomorrow.
  • 5600 PE is having highest Open Interest of 73 lakhs so 5600 is strong base for Nifty. 5700 PE shedded 13 lakhs now interesting battle lies at 5700 CE and PE combined premium of both comes at Rs 44. Best case for Operators and Big money will be to keep Nifty oscillating between 5680-5720 so that whole premium can be eaten before 3 PM than give a one sided move.
  • FII bought 252 cores and DII sold 299 cores in cash segment, INR closed at at 53.67. FII sold 367 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5722 (For Intraday Traders), Trend Changer at 5719 Nifty (For Positional Traders)
  • 5 DMA at 5694
  • 20 DMA at 5695
  • 50 DMA at 5517
  • 200 DMA at 5258
  • 5 Days Relative Strengthen Index at 50 and 14 Days Relative Strengthen Index at 56 Indicates Nifty in Bullish Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5711 and above the level marks the track point at 5733 later zipper levels at 5755 marks.

Nifty Support at It has the First support close to the level 5688 and below the level marks the track point at 5644 later zipper levels at 5600 marks.

Nifty Future Momentum Call for 25 Oct’2012:

Nifty Future Tips – Buy above 5711 sl 5688 Tgt 5733-5755 {Or} Sell Below 5688 sl 5711 Tgt 5666-5644

Bank Nifty Future Momentum Call for 25 Oct’2012:

Buy Above 11622 sl 11577 Tgt 11666-11711 {Or} Sell Below 11577 sl 11622 Tgt 11488-11400

Nifty Market View & FII Derivative Data – 23 October’2012

 

The Bse Index Shuts at 18794 up 112 points from its Previous Close or +0.59%. The Nse Index Shuts at 5718 up 33 Points from its Previous Close or +0.58%.

  • As per Indicators side Rsi & Cci given reverse signal on chart with today’s positive closing and Macd still negative on daily chart.

FII Derivative Data:

  • FII bought 8090 Contracts of Index Future, worth 236.01 cores with net OI increasing by 78396 contracts.
  • Nifty Future was up by 36 points and Open Interest in Index Futures increased by 78396, FII covered shorts and initiated fresh longs in Nifty Future and Bank Nifty. An important point to note today’s traded contract in Index future is highest in the month of October so is this the hint that we will break the 90 points range of 5635-5725 on Upside.
  • Nifty Spot closed at 5719 after making a high of 5722 and low of 5658. Nifty spot again was unable to break 5725 and 5638 so still trading within the range of 5635-5725. It has been 9 days of consolidation in this range and has been a very frustrating range to traders. Best is to stay on sidelines till this range breakout/breakdown gets resolved. Now the Bollinger band on Daily charts has squeezed so a fast move is round the corner, either it will be before expiry.
  • Resistance for Nifty has come up to 5725 and 5741 which needs to be watched closely ,Support now exists at 5690 and 5676 .Trend is Sell on Rise till 5725 is not broken on closing basis.
  • Nifty Future October Open Interest is at 1.97 cores with liquidation of 24 Lakh in OI, long liquidation in Nifty. Rollovers have started in Nifty Future and 46 lakhs got rollover from October Series.
  • Total F&O turnover was at 1.72 lakh Cores with total contract traded at 2.61 lakh, PCR at 1.12 and VIX collapsed 10% to 13.04,Cash market volumes dipped again today so our assumption on Thursday that higher cash volumes were sign of distribution proved right.
  • 5800 Call is having highest Open Interest of 1.17 Core with addition of 9.7 lakhs in OI as Premium increased from Rs 3 To Rs 7 ,5700 Call sheded 9 lakhs in OI after Bulls were able to close nifty above 5700 .5500-5900 CE sheded 3.5 lakhs in Open Interest.
  • 5600 Put is having highest Open Interest of 83 lakhs with addition of 15 lakhs in OI so 5600 is strong base for Nifty. 5700 Put saw a addition of 7 lakhs put writers were rewarded as premium reduced from Rs 50 to Rs 18 .5500-5900 PE added 17 lakhs in Open Interest, so can Bulls break 5725 tomorrow .
  • FII bought 241.68 cores and DII sold 137.9 cores in cash segment, INR closed at at 53.67. FII bought 294.66 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5705 (For Intraday Traders), Trend Changer at 5719 Nifty Futures (For Positional Traders)
  • 5 DMA at 5686
  • 20 DMA at 5694
  • 50 DMA at 5510
  • 200 DMA at 5253
  • 5 Days Relative Strengthen Index at 59 and 14 Days Relative Strengthen Index at 59 Indicates Nifty in Bullish Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5733 and above the level marks the track point at 5755 later zipper levels at 5777 marks.

Nifty Support at It has the First support close to the level 5688 and below the level marks the track point at 5666 later zipper levels at 5644 marks.

Nifty Future Momentum Call for 23 Oct’2012:

Buy above 5733 sl 5711 Tgt 5755-5777 {Or} Sell Below 5688 sl 5711 Tgt 5666-5644

Bank Nifty Future Momentum Call for 23 Oct’2012:

Buy Bank Nifty Future Above 11666 sl 11622 Tgt 11711-11755 {Or} Sell Below 11577 sl 11622 Tgt 11533-11488

Nifty Market outlook & FII Derivative Data – 19 October’2012

The Bse Index Shuts at 18792 up 182 points from its Previous Close or +0.97%. The Nse Index Shuts at 5719 up 59 Points from its Previous Close or +1.03%.

  • On Closes of the Intraday Chart Indicates Nifty Crosses weekly Average with Heavy volumes and large move. So that was break now 5680-5920 levels. Will act as support and Nifty direction towards 5970 Positional Target Nifty Eod Chart, Rsi & Cci both bullish while Macd still with bearish crossover.
  • Sensex Projected High Range at 18799-18915 and Projected Low Range at 18698-18584 Trend Deciding Point at 18725.
  • Nifty Spot Projected High Rang at 5720-5850 and Projected Low Range at 5593-5463 Trend Deciding Point at 5634.

FII Derivative Data:

  • FII bought 2056 Contracts of Index Future, worth 35.7 cores with net OI increasing by 23632 contracts.
  • Nifty Future was up by 67 points and Open Interest in Index Futures increased by 23632, so FII again took longs in longs of Nifty Future and Bank Nifty and covered shorts.
  • Nifty Spot closed at 5717 after making a high of 5723 and low of 5651 .Nifty spot was unable to break 5725 and 5638 so still trading within the range of 5625-5725. It has been 8 days of consolidation in this range and has been a very frustrating range to traders. Best is to stay on sidelines till this range breakout/breakdown gets resolved.
  • Resistance for Nifty has come up to 5725 and 5741 which needs to be watched closely ,Support now exists at 5686 and 5671 .Trend is Sell on Rise till 5725 is not broken on closing basis.
  • Nifty Future October Open Interest is at 2.42 cores with addition of 5 Lakh in OI, long addition in Nifty Future.
  • F&O turnover was at 1.77 lakh Cores with total contract traded at 2.68lakh, Cash market volumes were higher as compared to tomorrow so this can be the case of distribution as nifty shooted up on Rumor of rate cut so hold longs with strict sl PCR at 0.99 and VIX at 14.76,VIX has collapsed which shows confidence of Bulls to take market higher.
  • 5800 CALL is having highest Open Interest of 95 lakh with unwinding of 22 lakhs in OI as Premium jumped from Rs 9 To Rs 19 ,5700 CALL unwounded 15 lakhs in OI after Bulls were able to close nifty above 5700 .5400-6000 CALL unwounded 38 lakhs in Open Interest.
  • 5600 PUT is having highest Open Interest of 87 lakhs with addition of 8.6 lakhs in OI so 5600 is still the strong base for Nifty. 5500 PUT saw a huge liquidation of 17 lakhs after yesterday addition of 20 lakhs suggesting put buyers were caught on wrong side as premium is down from Rs 22 to Rs 9 .5400-6000 PUT added 9.5 lakhs in Open Interest, Bears again were not able to push nifty beyond 5618 and Bulls capitalized on the opportunity. But still we are trading in range of 5635-5725
  • FII sold 68 cores and DII sold 184 cores in cash segment, INR closed at at 53.41.FII bought 45 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5705 (For Intraday Traders), Trend Changer at 5723 Nifty Future (For Positional Traders).
  • 5 DMA at 5678
  • 20 DMA at 5686
  • 50 DMA at 5494
  • 200 DMA at 5242
  • 5 Days Relative Strengthen Index at 61 and 14 Days Relative Strengthen Index at 560 Indicates Nifty in Bullish Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5733 and above the level marks the track point at 5755 later zipper levels at 5799 marks.

Nifty Support at It has the First support close to the level 5688 and below the level marks the track point at 5666 later zipper levels at 5644 marks.

Nifty Future Momentum Call for 19 Oct’2012:

Buy above 5755 sl 5733 Tgt 5777-5800 {Or} Sell Below 5711 sl 5733 Tgt 5688-5666

Bank Nifty Future Momentum Call for 19 Oct’2012:

Buy Above 11666 sl 11622 Tgt 11711-11755 {Or} Sell Below 11577 sl 11622 Tgt 11533-11488

Nifty out Look & FII Derivative Data – 12 October’2012

The Bse Index Shuts at 18805 up 174 points from its Previous Close or +0.93%. The Nse Index Shuts at 5709 up 56 Points from its Previous Close or +0.99%.

Infy Results before Market Opening & Hdfc after Market Hours & IIP data at 11.00 A.M

  • Seeing as tomorrow is a significant day with the start of the Results Season getting kicked off by the bell weather Infy it is likely to garner a lot of interest and significance since this result is likely to define the performance of the Corporate Sector for the Q2 of 12-13 which has largely been bearish when compared with the last year due to the higher interest costs and slackening Economic Growth.
  • The charts are indicating that the Markets are likely to remain volatile during the current Results seasons with the Indices facing severe resistance at the higher side which is 5730-5770 and it attains significance since these mentioned levels have not been breached during the last few sessions and the Indices dropped on account of profit booking to the 5650-5500 levels as well.

FII Derivative Data:

  • FII sold 1727 Contracts of Index Future, worth 125.81 cores with net OI increasing by 39437 contracts.
  • Nifty Future was up up by 66 points and Open Interest in Index Futures increased by 39437,so  FII have created fresh longs   in Nifty and Bank Nifty Futures.
  • Nifty Spot closed at 5708 after making a low of 5637 and not breaking our Sell area of 5632 as given yesterday we got a 66 points rally today.  Nifty daily chart is forming a Head and Shoulder pattern we are in process of forming a Right Shoulder now so if 5815 is not breached and 5630 gets broken in coming week lower levels are quiet possible.
  • Resistance for Nifty has come up to 5728 and 5752 which needs to be watched closely ,Support now exists at 5688 and 56661 .Trend is Buy on Dips  till 5688 is not broken on closing basis.
  • Nifty Future October Open Interest is at 2.53 cores with unwinding of 2.3 Lakh in OI,shorts did profit booking in Nifty future .
  • Future & Option turnover was at 1.38 lakh Cores with total contract traded at 2.50 lakh,  PCR at 0.96 and VIX  at 16.49.Volumes have been on decline from past 3 days which is a silver lining for bulls as traders are not unwinding positions and dips can be used to make a base for sustainable rally. Discussion became reality today
  • 5800 Call is having highest Open Interest of 83 lakhs with fresh addition of 6.2 lakhs in OI and Premium at 42.5900 CE Open Interest at 83 with net addition of 5.74 lakhs in OI so speculative or smart money is buying 5900 Call at premium of rs 16, and 5700 Call also unwounded 5.2 lakh in OI as bulls captured 5700 again .5400-6100 CE unwounded 2.2 lakhs in Open Interest.
  • 5600 Put is having highest Open Interest of 70 lakhs with addition of  6.39 lakhs in OI and premium at 23,5700 PE showed added of 3.7 lakhs .5400-6100 Put  unwounded  2.4 lakhs in Open Interest. So it seems rally is on back of short covering only.
  • FII bought 1043.41 cores and DII sold 573.72 cores in cash segment, INR closed at at 52.75. FII sold 311 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5695 (For Intraday Traders), Trend Changer at 5738 (For Positional Traders)
  • 5 DMA at 5698
  • 20 DMA at 5649
  • 50 DMA at 5448
  • 200 DMA at 5218
  • 5 Days Relative Strengthen Index at 54 and 14 Days Relative Strengthen Index at 61 Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5711 and above the level marks the track point at 5755 later zipper levels at 5777 marks.

Nifty Support at It has the First support close to the level 5688 and below the level marks the track point at 5666 later zipper levels at 5644 marks.

Nifty Future Momentum Call for 12 Oct’2012:

Buy above 5755 sl 5733 Tgt 5775-5800 {Or} Sell Below 5711 sl 5733 Tgt 5688-5666

Bank Nifty Future Momentum Call for 12 Oct’2012:

Buy Above 11600 sl 11555 Tgt 11640-11690 {Or} Sell Nifty Future Below 11510 sl 11555 Tgt 11470-11420

Nifty Day Chart & FII Activity – Nifty Future, Nifty Spot, F&O Tips for 11 October 2012

The Bse Index Shuts at 18632 down 163 points from its Previous Close or -0.86%. The Nse Index Shuts at 5653 down 53 Points from its Previous Close or -0.92%.

  • Scheduled end of the day chart Nifty closes below weekly average and heading towards monthly average of 5580. On daily chart rsi-macd-cci all given sell signals. Nifty below 5580 next term short support at 5415.

FII Derivative Data:

  • FII sold 34232 Contracts of Index Future, worth 1012.37 cores with net OI decreasing by 20284 contracts.
  • Nifty Future was down by 51 points and Open Interest in Index Futures decreased by 20284,so FII have booked profits in shorts  in Nifty and Bank Nifty Futures. Fresh longs have not been created as nifty is moving in sideways zone after big rally from 5200-5800.
  • Nifty Spot closed at 5653 after making a low of 5648 and filling the gap from 5650-5683, The correction which is ongoing is 4 days old and looking at past 2 correction of 316 points (5349-5033) which took 13 days and 233 points (5449-5216) which took 10 days, current ongoing correction has done 167 points in 4 days so if 5630 does not hold on closing basis we can expect correction to continue with brief pullback rallies.
  • Gap filling of 5650-5683 has started and gap of 5650 did not got filled today, but should be filled in this week as per gap theory. This is what we discussed yesterday and Nifty filled the gap today.
  • Resistance for Nifty has come up to 5685 and 5700 which needs to be watched closely ,Support now exists at 5620 and 5600 .Trend is Sell on Rise till 5684 is not broken on closing basis.
  • Nifty Future October Open Interest is at 2.56 cores with unwinding of 6.9 Lakh in OI, shorts did profit booking in Nifty future.
  • F&O turnover was at 1.17 lakh Cores with total contract traded at 2.22 lakh, PCR at 0.94 and VIX at 16.83, VIX is also trading at its lower end of range and a up move till 18.5-19 is on cards. Volumes have been on decline from past 3 days which is a silver lining for bulls as traders are not unwinding positions and dips can be used to make a base for sustainable rally.
  • Nifty 5800 CALL is having highest Open Interest of 76 lakhs with fresh addition of 3.6 lakhs in OI and Premium at 25.5900 Call Open Interest at 77 with net addition of 8 lakhs in OI so speculative or smart money is buying 5900 Call at premium of rs 10, and 5700 Call also added huge 13 lakh in OI so bears are trying to make ceiling of market at 5700 for short term .5400-6100 Call added huge 32 lakhs in Open Interest.
  • Nifty 5500 PUT is having highest Open Interest of 65 lakhs with addition of  5.17 lakhs in OI and premium at 18,5700 Put showed an unwinding of 4 lakhs and 5600 PE saw a marginal unwinding of 0.35 lajhs.5400-6100 Put  added 5 lakhs in Open Interest.
  • FII bought 407.6 cores and DII sold 396 cores in cash segment, INR closed at at 53.06. FII sold 424 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5680 (For Intraday Traders), Trend Changer at 5742.
  • 5 DMA at 5729
  • 20 DMA at 5633
  • 50 DMA at 5436
  • 200 DMA at 5214
  • 5 Days Relative Strengthen Index at 39 and 14 Days Relative Strengthen Index at 57 Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5666 and above the level marks the track point at 5688 later zipper levels at 5711 marks.

Nifty Support at It has the First support close to the level 5644 and below the level marks the track point at 5622 later zipper levels at 5600 marks.

Nifty Future Momentum Call for 11 Oct’2012:

Buy above 5688 sl 5666 Tgt 5711-5733 {Or} Sell Below 5666 sl 5688 Tgt 5644-5622

Bank Nifty Future Momentum Call for 11 Oct’2012:

Buy Above 11380 sl 11333 Tgt 11422-11466 {Or} Sell Below 11330 sl 11380 Tgt 11288-11244

Nifty Future, F&O Turnover & FII Derivative Data – 09 October’2012

The BSE Index Shuts at 18709 down 230 points from its Previous Close or -1.21%. The NSE Index Shuts at 5676 down 71 Points from its Previous Close or -1.23%.

  • Daily Chat Indicates Nifty closed below the weekly average of 5720 now bearing towards next support of monthly averages 5585-5413 of 3 months average.
  • In Friday Session Nifty daily Rsi & Cci both given sell signals and yesterday it given signal it slip towards below trend  average. Nifty still in short term uptrend but we seen and expecting correction rally only.

FII Derivative Data:

  • FII bought 8788 Contracts of Index Future, worth 228.74 cores with net OI increasing by 15070 contracts.
  • Nifty Future was down by 75 points and Open Interest in Index Futures increased by 15070, So FII has taken shorts in Nifty and Bank Nifty Futures.
  • Nifty Spot closed at 5676 and broke the previous swing low of 5740 which shows it was a fake breakout above 5740. Gap filling of 5650-5683 has started and gap of 5650 should be filled by tomorrow.
  • Nifty Future October  Open Interest is at 2.63 cores with unwinding of 0.76 Lakh in OI, shorts did profit booking in Nifty future as we are down 150 points from the high of 5855. We have been discussing steep rise in OI till 2.64 cores and expected a correction which is materializing now. Hope traders were able to exit longs.
  • Total F&O turnover was  at 1.02 lakh  Cores  with total contract traded at  1.96 lakh, today we had a 77 point fall and number of contract traded are quiet less, so we can expect a bounce back if 5650 NS is not broken. PCR at 0.94 and VIX at 17.17, VIX is also trading at its lower end of range and a up move till 18.5-19 is on cards.
  • 6000 CE  is having highest Open Interest of 71 lakhs with fresh addition of 3.8 lakhs in OI.5800 CE Open Interest at 70 is second highest  lakhs, with fresh addition of 5.5 lakhs, and  6100 calls got unwounded today as premium moved from 8 to rs 3 .5400-6100 CE saw an unwinding of added 20 lakhs in Open Interest.
  • 5600 PE is having highest Open Interest of 60 lakhs with addition of 6.5 lakhs in OI,Bulls were unable to defend  5700 and unwounded 4.4 lakhs. 5400-6100 PE added just 5 lakhs in Open Interest. As discussed yesterday buying happening in 5800 PE premium moved from 92 to 133
  • FII bought 563.84 cores and DII sold 778 cores in cash segment, INR closed at  52.54. FII sold 433 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5683 (For Intraday Traders), Trend Changer at 5751 Nifty Future (For Positional Traders).
  • 5 DMA at 5732
  • 20 DMA at 5601
  • 50 DMA at 5412
  • 200 DMA at 5203
  • 5 Days Relative Strengthen Index at 44 and 14 Days Relative Strengthen Index at 61 Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5688 and above the level marks the track point at 5711 later zipper levels at 58755marks.

Nifty Support at It has the First support close to the level 5644 and below the level marks the track point at 5622 later zipper levels at 5600 marks.

Nifty Future Momentum Call for 09 Oct’2012:

Buy above 5711 sl 5688 Tgt 5730-5750 {Or} Sell Below 5666 sl 5688 Tgt 5644-5622

Bank Nifty Future Momentum Call for 09 Oct’2012:

Buy Above 11445 sl 11400 Tgt 11488-11433 {Or} Sell Below 11355 sl 11400 Tgt 11311-11266