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