Nifty October series overview as per FII data

By | September 26, 2013

FII_1

  • FIIs bought 50350 contracts of Index Future (sold 1.2 Lakh long contract and  1.04 Lakh shorts were squared off ) worth 1497 cores with net Open Interest decreasing by 2.2 lakh contracts.Nothing much to read in these numbers.
  • Nifty continued to move in the trading range and finally expired above 200 DMA, Yesterday Nifty formed an hammer pattern but failed to show follow upmove today.Tomorrow we have weekly closing, bulls want to close above 5921 and bears below 5823.October 2012 has been one of the most sideways series in 2012,so traders be cautious as market might confuse both bulls and bears.

nifty daily

  • Nifty Future Oct Open Interest Volume is at 1.80 cores with addition of 44  lakhs in Open Interest,rollover of 1.22 cores happened in past 5 trading sessions, rollover range comes at 5870-6056.
  • Total Future & Option trading volume at  2.89  lakh with total contract traded at 3.6 lakh.PCR (Put to Call Ratio) at 0.98, signalling more calls are getting traded.
  • 6000 Nifty CE  is having highest OI at 28  lakhs with addition of 7.8 lakhs in OI, short term resistance. 5900 CE added 4.2 lakh in OI suggesting 5900 suggesting it will remain minor resistance. 5500-6000 CE added 24.2 lakh in OI.
  •  5700 PE is having the highest OI of 35.3 lakhs,  suggesting strong support of Nifty and 5800 PE added 9.1 lakh in OI suggesting  5800 will continue acting support.5500-6000 PE added 29.4  lakh in OI.
  • FIIs bought in Equity in tune of 172 cores ,and DII sold 362 cores in cash segment.INR closed at 62.06.

 

Buy above 5885 Tgt 5910, 5940 , 5964 (Nifty Spot Levels)

Sell below 5852 Tgt 5840, 5816 and 5780 (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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