The BSE Index Shuts at 18,695 up 21 points from its Previous Close or +0.11%. The NSE Index Shuts at 5674 up +5 Points from its Previous Close or +0.08%.
- Top Nse India Gainers were: Kotak Bank, Bhel, Hindunilvr and Cipla.
- Top Nse India Losers Were: Jindal Steel, Cairn, Jp Ass and Ster.
FII Derivative Data:
- FII bought 21938 Contracts of Index Future, worth 644.96 cores with net OI increasing by Huge 96896 contracts.
- Nifty Future was up by 1 points and Open Interest in Index Futures increased by 96896, FII created fresh longs Index Future longs in Nifty and Bank Nifty Futures. Also do note FII are basically doing lot of day trading in Index futures and rolling over their positions to next series.
- Nifty Spot closed at 5674 after making a high of 5703 and unable to break 5720 for 2 day, Bulls are in control of market as they have defended 5648 as Nifty Spot made low of 5652 and bounced back. After big rise on Friday we had another session of consolidation today.
- Resistance for Nifty has come up to 5700 and 5720 which needs to be watched closely ,Support now exists at 5648 and 5618 .Trend is Buy on Dips till 5570 is not broken on closing basis.
- Nifty Future September Open Interest is at 1.92 cores with a unwinding of 23 Lakh in OI, and all 23 lakhs got rollover to October Series. Rollovers have started in Nifty Futures with addition of 46 lakhs in October series. Fresh longs are created in October series.
- Total F&O turnover was 1.91 lakh Cores with total contract traded at 2.90 lakh. PCR at 0.99 and VIX tanked 10% at 17.11.
- 5800 CE is having highest Open Interest of 89 lakhs with fresh addition of 13 lakhs in OI.5700 CE Open Interest at 68 is second highest lakhs, with unwinding of 2 lakhs. Immediate support is at 5648 as 5600 CE sheded another 4 lakhs as per Open Interest table. 5300-5900 CE unwounded just 0.18 lakhs in Open Interest.
- 5600 PE unwounded 1.6 lakh in Open Interest total OI at 77 Lakhs,Bulls want to make 5600 as base for September Series.5700 PE added 4 lakhs in OI so we should see some good move ie. Break below 5648 or break above 5720 tomorrow. 5300-5900 PE unwounded 21 lakhs in Open Interest as major unwinding coming from 5500 PE. FII are booking profits in Puts written by them.FII bought 5845 cores do note it includes the Bulk deal in Bayer Corp science and Cairn India and DII sold 1374 cores in cash segment, INR closed at 4 months high at 53.36 . FII sold 610 cores in Stock Futures.
- Nifty Futures Trend Deciding level is 5452, Trend Changer at 5677 Nifty. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
- 5 DMA at 5638
- 20 DMA at 5426
- 50 DMA at 5329
- 200 DMA at 5165
- 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 26 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 26 Sep’2012:
Buy above 11511 sl 11466 Tgt 11555-11600 {Or} Sell below 11422 sl 11646 Tgt 11377-11333.
Nifty Future made a fresh September series high today at 5453. IIP data came at 0.1 which is as per market expectation. Another important Global event German Court gave in favor of using ESM and Germany Can Ratify ESM Fund with Conditions so nothing is stopping Bulls. Always remember hot money chase the momentum and in liquidity driven rally fundamental will take the back seat. So do not waste your time in finding top and bottom, Stay with trend and mint money.