Nifty Futures Technical Analysis for July series

By | June 27, 2013

FII

  • FIIs bought  1435 Index Future worth 47 cores with net Open Interest decreasing by 321225 contracts.
  • Nifty opened with Gap up and maintained the gap, and expired above the higher end of trading range.
  • Nifty Future July Open Interest Volume is at 1.19 cores with addition of 20 lakhs in Open Interest,so longs got added.Nifty July unable to cross 5710 in tommrow trade can lead to correction.
  • Total Future & Option trading volume at 3.06 lakh with total contract traded at 3.9 lakh , PCR (Put to Call Ratio) at 1.07.
  • 5800 Nifty CE  is having highest OI at 36.7 lakhs with addition  of 7 lakhs in OI, 5800 remains the ceiling for this June series. 5700 CE added 7 lakh in OI suggesting 5700 will not be an easy  to cross. 12 lakh addition in 6000CE should be looked with an eye of suspicion. 5500-6000 CE added 39.4 lakh in OI.
  •  5600 PE is having highest OI of 59 lakh and will remain the wall of support. 5700 PE OI at 31.6 lakh with addition of 5.9 will act as minor support  . 5500-6000 CE liquidated 33 lakh in OI.
  • FIIs sold in Equity in tune of 1043 cores ,and DII bought 358 cores in cash segment ,INR closed at 60.19.
  • Nifty Futures Trend Deciding level is 5680(For Intraday Traders).Nifty Trend Changer Level 5671 and Bank Nifty Trend Changer level 11266.

 

Buy above 5700 Tgt  5725,5755 and 5778(Nifty Spot Levels)

Sell below 5671 Tgt 5645,5630and 5600(Nifty Spot Levels)

 

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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