Nifty Futures and Bank Nifty Future trading strategy for 26 Dec

By | December 26, 2012

FII

1. FIIs  bought 5565  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 178.28 cores with net Open Interest increasing by 25987 contracts.

2. As CNX Nifty Future was up by 12 points with Open Interest in Index Futures increasing by 25987, so FIIs have created longs  in  Nifty and Bank Nifty Futures.Nifty Futures  has been trading in tight range with very low volumes as most of FII have gone for holidays.

3. NS closed at 5856 after making high of 5872 and low of 5845.Nifty was unable to break 5825 and is near the lower end of trading range so if 5825 is not broken on closing basis tommrow we can see a Bullish expiry as it happened in last expiry market shooting up in last 3 days. As we have Holiday on Tuesday as happened in last expiry so similarity  can be seen. http://sgxrtchart.blogspot.in/ SGX trading at 5913.

4. Resistance for Nifty has come up to 5888 and 5915 which needs to be watched closely ,Support now exists at 5825 and 5839.Trend is Buy on Dips till 5825 is not broken on closing basis.Nifty has again formed an NR7 days and today should be a big range day.

5. Nifty  Future December  Open Interest Volume is at 1.30 cores with liquidation  of  25  lakh in Open Interest, Cost of Carry of NF increased   to 38,This high price is due to rollovers taking place in NF  . Rollovers have also started in NF and Jan Nifty futures added 28 lakh in OI, So longs got rollovered to next series.Duw to small range its becoming difficult to predict whether we are having long or shorts rollover. But as per our study till 5825 is not broken we will consider its long which got rollovered.

 

 

 

6. Total Future & Option trading  volume was  at 1.23  lakh  Cores  with total contract traded 1.4 lakh,  PCR (Put to Call Ratio) at 0.94 and VIX  at  14.49.

7.  6000 Call Option  is having highest Open Interest of 1.17 Cores  with liquidation of 8 lakhs in Open Interest, 5900 Nifty CE also saw liquidation of 7.5 lakhs in OI,6100 Call Option liquidated 7.7 lakhs in OI with premium at Rs .5 so shorts got covered in 6100 CE, This is how smart money makes money and retail looses money . I know many retail traders who bought 6100 CE at 22 -30 rs now trading at 0.5 rs.5500-6100 Call Options liquidated huge 28.5 lakhs in OI.

8. 5800 Put Option is having  Open Interest of 90 lakhs with addition of 2.3 lakhs in OI so firm base is set up at 5800 and 5900 Put Option liquidated 1.6 lakhs with OI at 45 Lakhs so  Bulls camp got panicked and  liquidated shorts in 5900 Put as nifty was closed below 5900 .5500-6100 Put Options liquidated  16.6 lakhs in OI. .

9. FIIs  buying in Equity in tune of 459 cores and DII  bought 238 cores in cash segment,INR closed  at  54.98 Live INR rate  @ http://inrliverate.blogspot.in/).

10. Nifty Futures Trend Deciding level is 5880(For Intraday Traders), Trend Changer at 5916 NF(For Positional Traders). (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).  Bank Nifty Future Trend Changer Level 12392.

Buy above 5862 Tgt 5877,5888,5900 and 5916

Sell below 5825 Tgt 5800,5780,5760(Nifty Spot Levels)

Disclaimer: These are my personal views and trade taken on these observation should be traded with strict Sl

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