Nifty Futures Outlook for 11 Apr as per nse derivatives

By | April 10, 2013

FII

  • FIIs sold 7800 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 218 cores with net Open Interest increasing by 23002 contracts. FII have started profit booking in shorts, but still no sign of fresh longs. Greatest trades of all time
  • Nifty after 5 days of decline, recovered today forming a Pin Bar candlestick formation which is a strong reversal candlestick. Nifty bounced back strongly from our weekly support level of 5474 as discussed in weekly analysis and closed above our Trend Deciding Level of 5525. Positive divergence have started showing effect, but no change is trend till it closed above 5604.
  • Nifty Future April Open Interest Volume is at 1.90 cores with addition of 7.89 lakh in Open Interest with  Cost of Carry of Nifty Future in negative  showing traders are shorting the rise we saw the today .
  • Total Future & Option trading volume at 1.44  lakh Cores with total contract traded at 2.85  lakh , Cash market volumes spiked up. PCR (Put to Call Ratio) at 0.88  and VIX at 16.49
  • 5700 Nifty CE  is having highest OI at 83 Lakh with liquidation of 2.1 Lakhs, profit booking in calls which were shorted  still 5700 remains  key resistance.5600 CE also liquidated 0.49 lakhs in OI with net OI at 59.5 lakhs,5500 CE liquidated 2.6 lakhs in OI after Nifty closed above 5500. 5200-5800 CE liquidated 8.3 Lakhs in OI
  •  5400 Put Option is having highest  Open Interest of  64.4 lakhs with addition of  13.7 lakhs in OI, 5500 PE added 6.5 lakhs and net OI at 61.4 lakhs,OI has increased significantly in PE suggesting 5400 appearing as strong support. 5200 PE is seeing speculative buying with rumors running in market nifty hitting 5200 😉 .5200-5800 PE  added 23.6  Lakhs in OI.
  • Nifty Futures Trend Deciding level is 5565 (For Intraday Traders). Nifty Trend Changer Level 5636, Bank Nifty Trend Changer Level 11264.

 

Buy above 5570 Tgt 5595, 5625,5647(Nifty Spot Levels)

Sell below 5535 Tgt 5501,5474 and 5446(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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4 thoughts on “Nifty Futures Outlook for 11 Apr as per nse derivatives

  1. Bramesh Post author

    Dear Sonal,

    Trading in cash and trading in F&O is different ball game all together.So would request you to learn the tricks of trading before putting your hard earned money at stake. Learn and Earn !!

    You can start with Workshop for Professional Traders, as it covers the basics of derivative also.

    Rgds,
    Bramesh

  2. sonal

    sir, can u advice me , my future plan is to trade in futures and options but till now i do in cash only and new to technical analysis. should i do tc course from u b4 going for some course on derivaives or start with derivatives course directly…

  3. vidhu

    Your posts are excellent with great details. Just wanted to check about your views on infy result on 4/10, since I do not see your updates in moneycontrol site.

    Kindly post your views.

    Thanks

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