Nifty Daily Technical, FII F&O Analysis for 04 April

By | April 3, 2013

FII

  • FIIs sold 25165 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 722 cores with net Open Interest increasing by 38697 contracts. FII booked profit in long and went short  in Index Futures as net OI rose with price. Benefits of Making a Trading Plan
  • Nifty after opening gap down today, went into consolidation  with negative bias  not able to show recovery during afternoon session and fell sharply by around 100 points.  NS closed at 5673 after  making high of 5744 and low of 5650. We have discussed Nifty range as 5650-5750 2 days before as  per option data , market obliged us. Nifty is currently forming a range and will not be surprised if it bounces back again tommrow. Nifty is currently nearing the key long-term support of 200day simple moving at  5637. Trick to trade in Sideways market, Do not expect much from market keep expectation low and trade in less quantity.
  • Nifty Future March Open Interest Volume is at 1.44 cores with addition of 12.8  lakh in Open Interest with fall  in Cost of Carry of Nifty Future  to showing traders have short  positions .
  • Total Future & Option trading volume at 1.09 lakh Cores with total contract traded 2.08  lakh , PCR (Put to Call Ratio) at 0.90  and VIX at 14.87
  • 5900 Nifty CE  is having highest OI at 57.2 Lakh with addition of  5.45 Lakhs,5800 CE also added 11 Lakhs in OI  so 5800 remains  key resistance.5700 CE also added 5.4 lakhs in OI, 10 Lakhs addition in 6000 CE needs to be watched closely as FII were net buyers in Option worth 878 cores. 5400-6000 CE added 35.4  Lakhs in OI
  •  5600 Put Option is having highest  Open Interest of  83 lakhs with addition of  1.2 lakhs in OI ,5700 PE liquidated  3.9 lakhs and net OI at 53.6 lakhs, 5400 PE added 5.6 lakhs and .5400-6000 PE added 2  Lakhs in OI
  • Nifty Futures Trend Deciding level is 5724 (For Intraday Traders). Nifty Trend Changer Level 5716, Bank Nifty Trend Changer Level 11440. Today we got short entry as per trend changer level. As market is changing colors we also need to 🙂

 

Buy above 5680 Tgt 5700, 5724,5744(Nifty Spot Levels)

Sell below 5650 Tgt 5637,5620 and 5604(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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