Nifty closes above 200 DMA, FII FnO Analysis

By | April 16, 2013

FII

  • FIIs bought 44902 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 1265 cores with net Open Interest decreasing by 44262 contracts. FII did huge short covering today, but still no sign of fresh longs. Why Commodity Traders Lose Money
  • Fall in commodity prices has come as a Boon to Indian market,  Nifty made Highest gains since Sep 2012  and 100 points rally in 6 months.Nifty also filled the Breakaway gap which it formed on 04 April.Nifty closed above 200 DMA @5657. As per Weekly Analysis Nifty did all the targets 🙂
  • Nifty Future April Open Interest Volume is at 1.98 cores with liquidation of 16.3 lakh in Open Interest with  Cost of Carry of Nifty Future in positive showing traders are have done short covering.
  • Total Future & Option trading volume at 1.93  lakh Cores with total contract traded at 3.57 lakh , PCR (Put to Call Ratio) at 1.04  and VIX at 16.25
  • 5700 Nifty CE  is having highest OI at 78.6 Lakh with liquidation of 5.73 Lakhs, shorts liquidation in calls which were shorted .5800 CE also liquidated 1.8 lakhs in OI with net OI at 69.5lakhs,5900 CE added 9.5  lakhs in OI suggesting buying in OTM calls. 5300-5900 CE liquidated 22.1 Lakhs in OI.
  •  5600 Put Option is having highest  Open Interest of  87 lakhs with addition of  27.5  lakhs in OI , 5700 PE added 24.3 lakhs and net OI at 48 lakhs suggesting 5700 can be achived and Nifty can close over this.5300-5900 PE  added 45.8  Lakhs in OI, Blowout punch by BULLS
  • Nifty Futures Trend Deciding level is 5720 (For Intraday Traders). Nifty Trend Changer Level 5619, Bank Nifty Trend Changer Level 11329.Bank Nifty trend Changer level gave more than 600 points of profit and Nifty Trend Changer level got triggered today already gave 80 points in profit.

 

Buy above 5700 Tgt 5724, 5740,5757(Nifty Spot Levels)

Sell below 5683 Tgt 5660,5648 and 5630(Nifty Spot Levels)

Traders who want to track MCX rate live and do not have access to ODIN can use this site http://freemcxdata.blogspot.com/

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

 http://camarillapivotpoints.blogspot.com/
http://niftystockpivot.blogspot.in/

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