Nifty Stock Index & FII Derivative Market Data – 03 October’2012

The Bse Index Shuts at 18,824 up 62 points from its Previous Close or +0.33%. The Nse Index Shuts at 5719 up +16 Points from its Previous Close or +0.27%.

  • Top Nse Losers Were: DLF, BANKBARODA, BAJAJ-AUTO and PNB.

FII Derivative Data:

  • FII bought 3255 Contracts of Index Future, worth 94 cores with net OI increasing by 6544 contracts. SGX Nifty is trading at 5791 so another gap up on cards.
  • Nifty Future was up by 25 points and Open Interest in Index Futures increased by 6544,so  FII have initiated longs  in  Index Future longs in Nifty and Bank Nifty Futures.
  • Nifty Spot closed at 5719 after making a high of 5722 and unable to break 5740, Bulls are in control of market as they have closed nifty above 5700 on closing basis. Nifty has formed a double bottom at 5640 and it’s a bullish pattern, and we have seen a follow up action in past two trading session.
  • Resistance for Nifty has come up to 5740 and 5775 which needs to be watched closely ,Support now exists at 5700 and 5683 .Trend is Buy on Dips till 5636 is not broken on closing basis.
  • Nifty Future October Open Interest is at 2.42 cores with a addition of 6 Lakh in OI, longs got added in Nifty future. Rollovers range for NF comes at 5732-5670 and we have closed above the rollover range.
  • Overall F&O turnover was at 0.67 lakh Cores with total contract traded at new 52 week low of 1.2 lakh. PCR at 0.92 and VIX  at 16.34
  • Nifty 6000 CE  is having highest Open Interest of 52 lakhs with fresh addition of 6.4 lakhs in OI.5800 CE Open Interest at 49 is second highest  lakhs, with fresh addition of 7.2 lakhs. Nifty 5300-6000 CE added just 16.4 lakhs in Open Interest.
  • Nifty 5300 PE is having highest Open Interest of 50 lakhs with fresh addition of 0.83 lakhs in OI, Bulls want to make  5300 as base for October Series.5600 PE added 6.6 lakhs in OI so 5600 is the strong base emerging as per OI table. We need to watch closely the Open Interest in 5700 PE tomorrow opening  as of now OI is at 40 lakhs and if we can see an addition of 10-15 lakhs tomorrow we must be heading upwards , 5300-6000 PE added 21 lakhs in Open Interest.
  • FII bought 207.51 cores and DII sold 407.20 cores in cash segment, INR closed at at 53.7 FII sold 299 crores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5741(For Intraday Traders), Trend Changer at 5725 Nifty Future (For Positional Traders)
  • 5 DMA at 5682
  • 20 DMA at 5503
  • 50 DMA at 5367
  • 200 DMA at 5182
  • 5 Days Relative Strengthen Index at 78 and 14 Days Relative Strengthen Index at 73. Indicates Nifty placed 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.

Support at It has the first support close to the level of 5688 and below this level mark next support is seen at 5666 later dipping levels near 5644 marks.

Nifty Future Momentum Call for 03 Oct’2012:

Buy above 5777 sl 5755 Tgt 5799-5822 {Or} Sell Below 5733 sl 5755 Tgt 5711-5688

Bank Nifty Future Momentum Call for 03 Oct’2012:

Buy above 11555 sl 11511 Tgt 11600-11644 {Or} Sell below 11466 sl 11511 Tgt 11422-11377.