Nifty Analysis for 02 Jan

By | January 1, 2014

FII_1

  • FIIs sold 384 contracts of Index Future  worth 15 cores (1310 Longs were added and 1694 shorts were added ) with net Open Interest increasing by 3004 contracts, so FII’s added both  shorts and long in today’s session. Today session shows how much we are dependent on FII’s fund for trading.
  • Nifty index moved in narrow range on second consecutive day and formed an spinning top candle pattern, which indicates tug of war between bulls and bears. Nifty is in a broad range of 80 points for 7 continuous days, as per time analysis we can see a sharp move of 2 Jan +-1 day.The breakdown / breakout levels are placed at 6260 / 6345 respectively.

nifty daily

  • Nifty Future January Open Interest Volume is at 1.98 cores with addition of 0.67 lakhs in Open Interest,with increase in cost of carry signalling short liquidation and long addition.
  • Total Future & Option trading volume at 0.33  lakh with total contract traded at 0.47 lakh lowest in 2014 .PCR (Put to Call Ratio) at 0.82.
  • 6500 Nifty CE  is having highest OI at 46.2 lakhs , still remain resistance. 6400 CE added 1.9 lakh and no major liquidation in 6300 signalling call writers holding the base strong at 6300. 6000-6500 CE added 5.1 Lakh in OI.FII’s bought 19.6 K contracts of CE.
  • 6300 PE   is having highest OI at  40.7  lakhs suggesting strong support at 6300 and will be short term bottom of the market. 6200 PE added 1.6 lakh. 6200-6400 PE added 5.9 Lakh in OI.
  • FIIs bought 10 cores in Equity ,and DII sold 222 cores in cash segment.INR closed at 61.9.

Buy above 6309 Tgt  6332,6352 and 6374 (Nifty Spot Levels)

Sell below 6290 Tgt 6270 ,6253 and 6232 (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/

6 thoughts on “Nifty Analysis for 02 Jan

  1. Bramesh Post author

    Dear Vinod,

    During our trading session, I have specifically mentioned 2 things.

    1. During news based event always take a hedge trade or do not trade.
    2. Never trade when volumes are not present.

    If you check the historical data of market there are no volumes in NF from 31,1 and 2 Jan.You can refer to FII sheet past data also.

    As soon as volumes returned TC level showed its effect. Also PAC was in buy from starting of Dec series.

    Hope it helps !!

    Rgds,
    Bramesh

  2. Windy

    In dec 2013, day before the exit poll we were short and market opened with 100 points gap up ( i guess it was on 4th dec)… and then did not get chance to take position on long side.

    Then we went short sometime in 12 dec around 6260NF but rally did not last long and closed around 6279. so nothing much to take on dec month 🙁

    For Jan initially we went long and this did not last long until 2 jan where bears took the charge and still holding on to short position.

    – Brameshji let me know if my views are incorrect.

  3. Anandan

    Dear Sir, Your Guide give clear downside … Wonderful job.. keep it up.. as you mention 2nd Jan +/- 1 day.. so It is happened.

  4. Windy

    Market had been bit unrealistic since last month to levels – bit of Sl getting triggered !!

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