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