Nifty March Series overview

By | February 27, 2014

FII_1

  • FIIs bought 44108 contracts of Index Future worth 1384  with net Open Interest decreasing by 1.84 lakh contracts, so FII’s liquidated majority of shorts today.These are expiry numbers and should not be given much importance.
  • Nifty is near its Fibo fan resistance as seen in below chart, We have Weekly and Monthly closing tomorrow, Bulls will like to close above 6281 and bear below 6197 which will decide further trend of market.

nifty ff

  • Nifty Future March Open Interest Volume is at 1.3 cores with addition of 44  lakhs in Open Interest,SO MARCH SERIES  is starting on very lighter note with 40 points premium, suggesting some premium reduction can be seen tomorrow.
  • Total Future & Option trading volume at 2.62 lakh with total contract traded at 2 lakh , PCR (Put to Call Ratio) at 1.09.
  • 6300 Nifty CE  is having highest OI at 35.9 lakhs , remain resistance for tomorrow   saw addition of 6 lakhs,6200 CE has OI of 33 lakh  suggests bulls are targeting weekly close above 6200.
  • 6100 PE   is having highest OI at  39.4 lakh, so base at 6100 looks strong at start of series. 6200 PE added 13  lakhs,having OI at 36 lakhs, so 6200 is emerging as support. March series intital range of 6100-6300.
  • FIIs bought 511 cores in Equity and DII sold 251 cores in cash segment.INR closed at 61.94.

Buy above 6240 Tgt 6266,6280 and 6300(Nifty Spot Levels)

Sell below 6228 Tgt 6212,6200 and 6183(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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