Nifty rises, Bank Nifty crashes,How to trade in uncertain times

By | July 17, 2013

FII

  • FIIs bought 6778 Index Future worth 220 cores with net Open Interest increasing by 14986 contracts.FII again went  Longs of Nifty Futures. Ben Bernake speech is out and here are the highlights of Speech which world markets are watching.
  • *BERNANKE SAYS PACE OF BOND PURCHASES NOT `ON A PRESET COURSE’
  • *BERNANKE SAYS FED MAY TAPER QE IN 2013, HALT IT AROUND MID-2014
  • *BERNANKE SAYS FOMC BELIEVES RISKS TO ECONOMY EASED SINCE FALL
  • *BERNANKE SEES HIGHLY ACCOMMODATIVE POLICY IN FORESEEABLE FUTURE
  • Nifty Opened Gap up consolidated and saw a decent fall in fag end of trading session, Consolidation was seen as expected with positive bias. Nifty bounced from the breakout level and formed a DOJI candlestick today.Market is again developing a range before its next move. Stock specific action will be seen as Result season has started. Bank Nifty is looking weak,Bank constitutes 40% of Nifty and it was down 2.5% today still nifty managed to close in green all credit to HUL which rallied 10% today :).

nifty daily

  • Nifty Future July Open Interest Volume is at 1.64 cores with liquidation  of 1.1 lakhs in Open Interest, so long liquidation was seen today.
  • Total Future & Option trading volume at 1.49 lakh with total contract traded at 2.4 lakh , PCR (Put to Call Ratio) at 1.13, VIX unable to sustain above its breakout level,bounced from its rising trendline,trading in narrow range.

VIX

  • 6000 Nifty CE  is having highest OI at 69.9 lakhs with addition of 5 lakhs in OI,5900 CE added 0.5 lakh in OI 6100 CE added 4 lakh in OI . 5500-6200 CE added 12.8 lakh in OI.
  •  5800 PE OI at 95 lakh remain the highest OI , remains strong support for market. 5900 PE is having  OI of 72 lakh  suggests 5900 will remain the wall of support for coming week . 8 lakh addition was seen in 5700 PE so speculative money in 5700 PE and 6200 PE added as market participants are again seeing gap up or gap down tommrow.5500-6200 CE added 10 lakh  in OI.

OI

  • FIIs sold in Equity in tune of 26 cores ,and DII sold 73 cores in cash segment ,INR closed at 59.38.
  • Nifty Futures Trend Deciding level is 5917 (For Intraday Traders).Nifty Trend Changer Level 5871 and Bank Nifty Trend Changer level 11471.Bank NIfty Trend Changer has given more than 500 points profit in 2 days :),Partial Profit is advisable

 

Buy above 5981 Tgt  5999,6020 and 6040(Nifty Spot Levels)

Sell below 5960 Tgt 5940,5920 and 5899(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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