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