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 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.
Top Nse India Gainers were: Tata Motors, LT, Jindal Steel and Tata Steel.
Top Nse India Losers Were: Siemens, Cipla, Ntpc and Bhel.
FII Derivative Data:
FII bought 18249 Contracts of Index Future, worth 437.39 cores with net OI increasing by 13123 contracts.
As Nifty Future was up by 42 points and OI has increased by 13123, FII have imitated fresh long in Nifty and Bank Nifty Future. Momentum is on higher side and weakness is still not present in Nifty Future.
Nifty Spot closed at 5431 after making a high of 5436. Sensex has made a fresh 7 month high ie. 18012 so now its Nifty turn to break 5450.We have big gap from 5217-5309 formed on Friday and it’s been 5 days Bulls are able to defend the higher levels, Nifty continue to march higher after Monday consolidation. Also be noted Nifty has given highest close of 5331 on closing basis after it made the low of 4770
Resistance for Nifty has come up to 5450 and 5462 which needs to be watched closely ,Support now exists at 5424 and 5395 .Trend is Buy on Dips till 5339 is not broken on closing basis.
Nifty September OI is at 1.84 cores with a fresh addition of 5.5 Lakh in OI, long addition is seen in Nifty future.
Total F&O turnover was 1.16 lakh Cores with total contract traded at 2.18 lakh.PCR at 1.03 and VIX 15.03.Cash volumes show a jumped of 10% showing rise is backed by deliveries in Stocks.
5600 CE is having highest OI of 83 lakhs with an addition of 6 lakhs in OI.5500 CE is having second highest OI at OI at 78 lakhs, Immediate resistance is at 5500 CE. 5000-5600 CE saw an unwinding of 2.6 lakhs in OI. So Bulls are all over the place.
5300 PE added another 9 lakhs so 5300 and 5400 PE added huge 14 lakh, Bulls want to make the 5400 as base for the rest of September series.5000-5600 PE added huge 29 lakhs in Open Interest so bulls are cementing ground for 5400 tomorrow. Now Bulls need to defend the 5400 base for rest of week.
FII bought 451 cores and DII sold 55.76 cores in cash segment, INR closed at 55.3. FII has bought 2ooo cores in cash market.
Nifty Futures Trend Deciding level is 5384, Trend Changer at 5324 NF. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
5 DMA at 5353
20 DMA at 5341
50 DMA at 5281
200 DMA at 5138
5 Days Relative Strengthen Index at 80 and 14 Days Relative Strengthen Index at 64. Indicates Nifty placed in BULLISH Zone.
Nifty Support & Resistance:
Nifty Resistance at It has the First resistance close to the level 5444 and above the level marks the track point at 5466 later zipper levels at 5488 marks.
Support at It has the first support close to the level of 5422 and below this level mark next support is seen at 5400 later dipping levels near 5377 marks.
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