Nifty trading at 7 week high

By | July 15, 2013

FII

  • Nifty technical charts is shown below, after breaking out of its trading range at 5920 has been on a continuously rising, its entering a resistance zone of 6050-6080. RBI governor has risen 200 BPS repo rate and it will lead to some pressure on Nifty. SGX trading at -80 points down.

nifty daily

  • Nifty Future July Open Interest Volume is at 1.79 cores with addition of 3.2 lakhs in Open Interest, so long addition seen today.
  • Total Future & Option trading volume at 1.23 lakh with total contract traded at 1,9 lakh , PCR (Put to Call Ratio) at 1.25, 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 59.4 lakhs with addition of 0.03 lakhs in OI,Nifty closed above 6000 but still 6000is having highest OI signalling we might see Intraday dip in market. 6100 CE liquidated 2.5 lakh in OI, 5500-6200 CE liquidated 11.5 lakh in OI.
  •  5800 PE OI at 82.7 lakh remain the highest OI , remains strong support for market. 5900 PE is having  OI of 74.6 lakh addition of 8.8 lakh suggests 5900 will remain the wall of support for coming week. 5500-6200 CE added 3.8  in OI.

OI

  • FIIs bought in Equity in tune of 227 cores ,and DII bought 454 cores in cash segment ,INR closed at 60.03.
  • Nifty Futures Trend Deciding level is 6024 (For Intraday Traders).Nifty Trend Changer Level 5858 and Bank Nifty Trend Changer level 11523.Positional traders holding long in NF from 5820 odd levels which got triggered on 9 July can book partial profit. After 2 whipsaws Trend Changer has given bumper profit of 200 points 🙂

 

Buy above 6038 Tgt  6052,6074 and 6099(Nifty Spot Levels)

Sell below 6015 Tgt 6000,5981 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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