Nifty Futures Trading Strategy for 13 Feb

By | February 12, 2013

FII

1. FIIs sold 7917  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 237 cores with net Open Interest increasing by 3115 contracts. Do you trade on Hope ? Read this Traders biggest enemy :HOPE  

2. As CNX Nifty Future was up by 20 points  with Open Interest in Index Futures increasing by 3115 so FII have booked profits in longs created yesterday. Again Today carnage was seen in Mid caps, Realty stock took beating with Unitech down 25% due to 2G scam news , DB Realty 17% and ADAG took beating before recovering. Many  traders have lost a fortune in last 7 days 🙁 due to lack of trading system/trading plan  and trading on emotions of Hope,Greed  thinking stocks will bounce-back.

3. NS closed at 5923 after  making high of 5928 and low of 5886. As discussed yesterday Range of 5880-5924 becomes a no trade zone, Nifty traded in this range most of the day. In trading its always important to know when not to trade as its saves lot of trading capital which can be wiped off due to whipsaws  . Extreme short term is highly oversold, positive divergence have shown today and bounce back  till 5953-61 should come till 5880 is not broken.

 

4. Resistance for Nifty has come up to 5938 and 5953  which needs to be watched closely ,Support now exists at 5897 and 5871.Trend is Buy on Dips till 5880 is not broken on closing basis.

5. Nifty Future Feb Open Interest Volume is at 1.33 cores with addition of  2.26  lakh in Open Interest longs got added in system, Cost of Carry of Nifty Future induced to 7.44  showing longs  are added into the system.

6. Total Future & Option trading volume at 0.88 lakh Cores with total contract traded  at  1.30 lakh  , PCR (Put to Call Ratio) at 0.92  and VIX at 15.31.

7. 6100 Call Option is having highest Open Interest of 74  lakhs with liquidation of  0.27 lakhs in Open Interest premium at 16 short unwinding , 6200 Nifty CE  is having second highest OI at 68.3  lakh  addition of  0.18 lakhs in OI,6000 CE also liquidated  0.3 lakhs in OI so Bears are continuing to build wall of resistance at 6000 CE  .5700-6300 Call Options added 0.66 lakhs in OI.

8. 5900 Put Option is having highest  Open Interest of  72.3  lakhs with addition of 3.6 lakhs in OI so  Bulls are getting stronger day by day as bears are unable to break 5880 , 6000 PE writers again added on to there positions as OI change was 0.34 lakhs . 5700 PE  again added 8.8  lakhs with Option premium at Rs 9  ,so this time smart money is shorting  in 5700 PE  after doubling there money .5700-6300 Put Options added 11.7  lakhs in OI.Option Table is showing bias on Bullish side after so many days.

9. FIIs buying in Equity in tune of 604 cores and DII sold 412 cores in cash segment,INR closed at 54 at 1 month low.

10. Nifty Futures Trend Deciding level is 5974(For Intraday Traders), Trend Changer at 5984 NF(For Positional Traders). (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand). Bank Nifty Future Trend Changer Level 12538. Bank Nifty Weekly Analysis

Buy above 5929 Tgt 5942,5955 and 5980

Sell below 5910 Tgt 5897,5879,5855(Nifty Spot Levels)

Traders who use Pivot and Camarilla can use the following 2 sites for Hourly values and EOD values

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One thought on “Nifty Futures Trading Strategy for 13 Feb

  1. amit

    sir
    i have following your analysis and it helps a lot

    i would like to know your advice on budget

    also you have mention in this post positive divergences
    can you explain that on what time frame chart they are best observed

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