Bulls close Nifty above last swing high of 6030

By | July 18, 2013

FII

  • Nifty Opened Gap up consolidated and saw did gap filling, and the effect of DOJI candle was seen with nifty closing well above the last swing high of 6030. Nifty 3 days before had a fall due to RBI rate hike and 3 days after that we are trading almost at same level. This is the sole reason i advise all stop trading on news, Stop dreaming scary scenarios just follow your system with discipline. Tomorrow we have weekly closing and Bulls would try to close Nifty above 6000 odd levels. Traders who took long at 5910 as per price trading strategy can part book as suggested on Facebook .

nifty daily

  • Nifty Future July Open Interest Volume is at 1.61 cores with liquidation  of 2.7 lakhs in Open Interest, so long liquidation was seen today.
  • Total Future & Option trading volume at 1.61 lakh with total contract traded at 2.3 lakh , PCR (Put to Call Ratio) at 1.20, VIX has broken the rising trendline which should be good news for Bulls in coming session.

VIX

  • 6000 Nifty CE  is having highest OI at 61.1 lakhs with liquidation of 8.8 lakhs in OI,5900 CE liquidaed 9.9 lakh in OI 6100 CE added 1.1 lakh in OI . 5500-6200 CE liquidated 15.2 lakh in OI.Bears were routed by Bulls.
  •  5800 PE OI at 90 lakh remain the highest OI , remains strong support for market. 5900 PE is having  OI of 86 lakh  suggests 5900 will remain the wall of support for coming week . 15 lakh liquidation was seen in 5700 PE as bulls booked profit .5500-6200 CE added 29 lakh  in OI.

OI

  • FIIs sold in Equity in tune of 178 cores ,and DII sold 239 cores in cash segment ,INR closed at 59.51
  • Nifty Futures Trend Deciding level is 5995 (For Intraday Traders).Nifty Trend Changer Level 5880 and Bank Nifty Trend Changer level 11441.

 

Buy above 6051 Tgt  6067,6080 and 6097(Nifty Spot Levels)

Sell below 6020 Tgt 6000,5976 and 5960(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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