Nifty Future Trading Strategy for 12 April

By | April 11, 2013

FII

  • FIIs bought 9588 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 267 cores with net Open Interest increasing by 11284 contracts. FII have started profit booking in shorts, but still no sign of fresh longs. What makes a great trader?
  • Nifty  formed another  a Pin Bar candlestick formation  in today’s trading session, which is a strong reversal candlestick. Nifty opened with a gap today, as whole world market are rising S&P 500 at record high, so rising tide raises leaking boats also, Indian market in our context. Nifty quickly went down fill the gap as per gap theory and  bounced back strongly, Infy results tommrow will give further direction to the market,  trend  is still Sell on Rise till  5611 is not crossed.
  • Nifty Future April Open Interest Volume is at 1.98 cores with addition of 8 lakh in Open Interest with  Cost of Carry of Nifty Future in negative  showing traders are shorting the rise.
  • Total Future & Option trading volume at 1.55  lakh Cores with total contract traded at 2.54  lakh , PCR (Put to Call Ratio) at 0.98  and VIX at 17.10
  • 5700 Nifty CE  is having highest OI at 74 Lakh with liquidation of 8.6 Lakhs, profit booking in calls which were shorted  still 5700 remains  key resistance.5600 CE also liquidated 1.45 lakhs in OI with net OI at 58.1 lakhs,5500 CE liquidated 3.6 lakhs in OI after Nifty closed above 5500. 5200-5800 CE liquidated 21.8 Lakhs in OI partly due to rise in VIX option premium also rises which made call writers panic.
  •  5500 Put Option is having highest  Open Interest of  73.6 lakhs with addition of  12.2 lakhs in OI 25 lakhs added in 2 days suggesting 5500 emerging as short term bottom, 5400 PE added 6.4 lakhs and net OI at 70.8 lakhs,5200 PE at last saw liquidation after 2-3 days of speculative buying .5200-5800 PE  added 24.3  Lakhs in OI.
  • Nifty Futures Trend Deciding level is 5601 (For Intraday Traders). Nifty Trend Changer Level 5631, Bank Nifty Trend Changer Level 11264.

 

Buy above 5600 Tgt 5622, 5647,5666(Nifty Spot Levels)

Sell below 5583 Tgt 5557,5543 and 5527(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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3 thoughts on “Nifty Future Trading Strategy for 12 April

  1. Bramesh Post author

    Dear Sir,

    I looks a pin bar candelstick formation to me..

    Rgds,
    Bramesh

  2. Su Saravana Perumaal

    Good day to you Sir.

    Thursday’s NF daily Candlestick looked a Doji to me. Doji at resistance is Caution. Kindly clarify, Sir.

  3. keyur patel

    respcted sir
    I think nifty will close 5650 to 5680 tommorw…

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