Nifty Expiry range for July Series

By | July 24, 2013

FII

  • RBI again surprised the market participants with a renewed efforts to shore up the currency by tightening cash conditions,Stock market loves liquidity and hate any tightening by central banks to suck liquidity,Nifty opened with gap down and we saw and closed below 6000.  As discussed in Weekly analysis Nifty will find it difficult to cross the range of 6077-88,Nifty Spot yesterday closed at 6077 and today we saw the gap down. Also as discussed yesterday we saw the range expansion in Nifty. Traders trading on Price action strategy Stop loss on Long was triggered, Try avoid taking any positional trade tommrow, let the expiry happen.As per Option Data analysis Nifty expiry range comes between 5990-5940 levels.This is as per my analysis and there should be no second thought market can go against my analysis so do not blindly buy call/puts without any risk management. Banks are the worst hit and try avoid doing bottom fishing in Banks till the dust settle down, Any relief rally can come tommrow in Bank Nifty if it does not break 10642.

nifty daily

  • Nifty Future July Open Interest Volume is at 0.93 cores with liquidation  of 24.8 lakhs in Open Interest, Rollovers have started taking place and whole 24 lakhs got rollovered in Aug series, and another 7 lakh addition mostly long with huge increase in CoC.
  • Total Future & Option trading volume at 2.42 lakh with total contract traded at 2.99 lakh , PCR (Put to Call Ratio) at 1.06. Huge unwinding in puts leading to fall in PCR.
  • 6100 Nifty CE  is having highest OI at 62.2 lakhs with addition of 19.9 lakhs in OI so expiry can happen near 6000 odd levels, speculative money entering 6200 CE got a tight slap from market 🙂 5900-6200 CE added 2 lakh in OI.
  • 5900 PE OI at 92.9 lakh remain the highest OI , remains strong support for market and expiry should happen near 6000. 29 lakh liquidation was seen in 6000 PE .5900-6200 CE liquidated 54 lakh  in OI suggesting bullishness

OI

  • FIIs sold in Equity in tune of 404 cores ,and DII sold 328cores in cash segment ,INR closed at 59.07 highest gain in 1 month,Thanks to RBI 🙂
  • Nifty Futures Trend Deciding level is 5903 (For Intraday Traders).Nifty Trend Changer Level 5914 and Bank Nifty Trend Changer level 11359.Trend Followers in Bank Nifty were again rewarded today Books full profit in Bank Nifty tommrow.

 

Buy above 6000 Tgt  6035,6050 and 6085(Nifty Spot Levels)

Sell below 5960 Tgt 5940,5920 and 5900(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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One thought on “Nifty Expiry range for July Series

  1. vinod

    awesome work by trend changer since 16th.. 700+ points

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