How will Nifty react to IIP and Inflation data

By | November 13, 2013

FII_1

  • FIIs sold 23105 contracts of Index Future (sold 2799 long contract and 20306 shorts were added ) worth 693cores with net Open Interest increasing by 17507 contracts.So after break of 6077 chopad level FII’s got aggressive and added more shorts into the system.
  • Nifty continued with its correction for 7 day running and broke the Important chopad level  of 6077 and closed below it. Any break below 6000  Nifty is heading towards the next level of 5946-5955.

nifty daily

  • Nifty Future November Open Interest Volume is at 1.95 cores with liquidation of 0.32  lakhs in Open Interest so liquidation of longs is not happening even though nifty fell almost 60 points.Nifty has corrected 287 points in past 7 days and 35 Lakhs of OI is liquidated so weak hands are out of system.
  • Total Future & Option trading volume at 1.28 lakh with total contract traded at  28  lakh.PCR (Put to Call Ratio) at 0.90, more calls are getting traded and positive divergence is shown in PCR.
  • 6300 Nifty CE  is having highest OI at 59 lakhs with addition of 7.4 lakhs in OI,Will remain initial top of market. 6200 CE and 6100 CE added 24.2 lakh in OI suggesting 6100 will be a difficult level to cross. 8.6K CE were added by FII and 13.1 K CE were shorted.5800-6300 CE added 35 Lakh in OI, blowout puch to bears.
  • 6000 PE added 7.3 lakh and having highest OI suggesting strong support at 6000, 6100 to 6300 PE liquidated 4.6 lakh in OI suggesting bulls are felling the heat now.48.3 K PE longs were added by FII’s and 589  PE were shorted. 5800-6300 PE added 15.7 lakh contract in OI.

 

Buy above 6047 Tgt  6080 ,6142 and 6175(Nifty Spot Levels)

Sell below 6018 Tgt 5983,5960  and 5947 (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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