Nifty Continues its sideways mode,frustrating traders

By | July 10, 2013

FII

  • Nifty again opened with gap up but today the story was different it consolidated almost whole day and than corrected almost 50 points in second half of session.So another day of sideways action continues. I have shown the Nifty Spot chart of July series and it tell the story.Trading in a range of 5760-5900. This is the period where most of traders lose maximum profit they earned before, Thats why i have reiterated many times to develop the habit of sitting on sidelines. The effect of  NR 7 day was seeen today,and we saw impulsive move today.

NCNIFTYSideways

  • Nifty Future July Open Interest Volume is at 1.54 cores with addition of 0.78 lakhs in Open Interest, so short addition seen today.
  • Total Future & Option trading volume at 1.09 lakh with total contract traded at 2 lakh , PCR (Put to Call Ratio) at 1.04, VIX has given a breakout today,with close above trendline resistance so expect some volatility in coming session.

VIX

  • 6000 Nifty CE  is having highest OI at 80 lakhs with addition of 5.8 lakhs in OI, 6000 remains the ceiling for time being. 5900 CE added 4 lakh in OI  and 5800 CE liquidated 1.8 lakh, 5500-6200 CE added 15.6 lakh in OI.
  •  5600 PE OI at 80.8 lakh remain the highest OI ,5800 PE is having  OI of 72.1 lakh addition of 3.9 lakh suggests 5800 will remain the wall of support for coming week,Today also we bounced near 5800 :). 5500-6200 CE liquidated 8.3  in OI.

OI

  • FIIs bought in Equity in tune of 75 cores ,and DII bought 29 cores in cash segment ,INR closed at 59.
  • Nifty Futures Trend Deciding level is 5807 (For Intraday Traders).Nifty Trend Changer Level 5822 and Bank Nifty Trend Changer level 11463.

 

Buy above 5833 Tgt  5850,5863 and 5880(Nifty Spot Levels)

Sell below 5800 Tgt 5787,5765 and 5749(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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