Nifty Future Technical Analysis for June F&O Series

By | May 30, 2013

FII

  • FIIs bought 37842 Contracts of Index Future ,worth 1168 cores with net Open Interest increasing by 47254 contracts, FII made fresh longs in market.Are you ready for Trading?
  • As expected Nifty closed above 6100, Tomorrow we have Q4 GDP data coming Exp 4.8%, Prior 4.5% and we have monthly closing also, Bulls will try to protect 6050 on closing basis. Nifty has resistance at 6150 which needs to be watched closely, Strong Support exists in range of 6050-6070.
  • Nifty Future June Open Interest Volume is at 1.75 cores with liquidation of 44.8 lakhs in Open Interest, As per Rollover data 6070-6143 is an important range to be watched. Nifty Future May and Nifty Future  June Premium difference is Just 7 points instead of usual price difference of 35-50 points suggesting we can see a pullback tomorrow.
  • Total Future & Option trading volume at 2.43 lakh with total contract traded at 2.4 lakh , PCR (Put to Call Ratio) at 1.21.
  • 6300 Nifty CE  is having highest OI at 32.7 lakhs with addition of 9.4 lakhs in OI , 6200 CE with OI at 31 lakhs remains the wall of resistance 6100 CE added 4 lakh in OI with net OI at 26.6 lakhs.5800-6300 CE added 31 lakh in OI
  •  6000 PE is having OI of 50 lakhs suggesting 6000 will act as support.6100 PE added 7 lakhs and will act as support in fall, 5800-6300 CE added 41 lakh in OI

  • FIIs bought in Equity in tune of 747 cores,and DII sold 315 cores in cash segment ,INR closed at 56.30,heading for breakout above 56.40 Read  USD INR Weekly Trading Forecast 
  • Nifty Futures Trend Deciding level is 6142 (For Intraday Traders).Nifty Trend Changer Level 6119 and Bank Nifty Trend Changer level 12799.

Buy above 6134 Tgt  6148,6170 and 6190(Nifty Spot Levels)

Sell below 6110 Tgt 6090,6072 and 6054(Nifty Spot Levels)

 

Stock Performance Sheet for the Month of May is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of May is 187775/-

Live Nifty A/D charts  Click on the Link

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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