The Bse Index Shuts at 18,674 down – 80 Points from its Previous Close or -0.42%. The Nse Index Shuts at 5670 down by -22 Points from its Previous Close or -0.38%.
- Top Nse India Gainers were: Bhel, Jindal Steel, Maruti and M&M.
- Top Nse India Losers Were: Hdfc, Ongc, Sail and Itc.
FII Derivative Data:
- FII sold 5167 Contracts of Index Future, worth 129.87 cores with net OI increasing by Huge 74249 contracts.
- As Nifty Future was down by 25 points and Open Interest in Index Futures increased by 30452, FII have started booking profits on Index Future longs in Nifty and Bank Nifty Futures.
- Nifty Spot closed at 5670 after making a high of 5710 and unable to break 5720, Bulls are in control of market and traders are getting overconfidence on taking longs which should be treated as caution whenever over optimism comes in market time to be cautious .Stock markets moves in direction which give maximum pain to traders to short term traders. So trade with strict stoploss as we are approaching expiry. After big rise on Friday we had a session of consolidation today.
- Resistance for Nifty has come up to 5700 and 5720which needs to be watched closely, Support now exists at 5648 and 5618 .Trend is Buy on Dips till 5547 is not broken on closing basis.
- Nifty Future September Open Interest is at 2.15 cores with a unwinding of 6.8 Lakh in OI, profit booking in longs is seen in Nifty future .Rollovers have started in NIfty Futures with addition of 21 lakhs in October series. Fresh longs are created in October series.
- Total F&O turnover was 1.71 lakh Cores with total contract traded at 2.22 lakh. PCR at 0.95 and VIX at 18.83.
- 5800 CE is having highest Open Interest of 76 lakhs with fresh addition of 15 lakhs in OI.5700 CE Open Interest at 70 lakhs, with addition of 3 lakhs. Immediate support is at 5648 as 5600 CE sheded 3 lakhs as per Open Interest table. 5300-5900 CE added 12 lakhs in Open Interest.
- 5600 PE added 3 lakh in Open Interest total OI at 78 Lakhs, Bulls want to make 5600 as base for September Series. 5300-5900 PE added 5.7 lakhs in Open Interest so option activity shows Bulls in wait and watch mode.
- FII bought 1585 cores and DII sold 1156 cores in cash segment, INR closed at 4 months high at 53.48 FII sold 387 cores in Stock Futures.
- Nifty Futures Trend Deciding level is 5440, Trend Changer at 5680 Nifty. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
- 5 DMA at 5625
- 20 DMA at 5410
- 50 DMA at 5320
- 200 DMA at 5162
- 5 Days Relative Strengthen Index at 76 and 14 Days Relative Strengthen Index at 72. 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 5733 later zipper levels at 5755 marks.
Support at It has the first support close to the level of 5666 and below this level mark next support is seen at 5644 later dipping levels near 5622 marks.
Nifty Future Momentum Call for 25 Sep’2012:
Buy above 5711 sl 5688 Tgt 5733-5755 {Or} Sell Below 5666 sl 5688 Tgt 5644-5622.
Bank Nifty Future Momentum Call for 25 Sep’2012:
Buy above 11466 sl 11422 Tgt 11555-11644 {Or} Sell below 11377 sl 1422 Tgt 11333-11288.