- FIIs bought 11031 Index Future worth 332 cores with net Open Interest decreasing by 219456 contracts,Nothing much to read in today’s data as FII closed/rollovers their position, Will get more clarity tommrow. Can Retail traders make money in Stock market?
- Yesterday we had discussion on channel break and today we saw the follow up down move. Nifty took exact support at 50 DMA, which is a strong support. Any close/trade below 5887 can drag nifty all the way round to 5800 odd levels. Stock specific action was seen in July series and we were able to capture almost 1.95 lakhs on Stock calls which is given in blog in morning,Traders can access the performance here http://tradingsystemperformance.blogspot.in/
- Nifty Future August Open Interest Volume is at 1.80 cores with addition of 32.9 lakhs in Open Interest, 1.34 cores got rollovered in last 5 days and range of 6140-5935 becomes very important from August series point of view.
- Total Future & Option trading volume at 3.07 lakh with total contract traded at 3.24 lakh , PCR (Put to Call Ratio) at 1.13.Cash market volume also surged signalling some delivery based selling and capitulation in selected stocks.
- 6000 Nifty CE is having highest OI at 32.2 lakhs with addition of 12 lakhs in OI,5900 CE is having second highest OI at 27 lakh with addition of 11 lakh in OI .5600-6200 CE added 43.3 lakh in OI.
- 5900 PE OI at 37 lakh remain the highest OI , remains strong support for market . 11 lakh liquidation was seen in 5800 PE ,So range for time being remains 5900-6000.5600-6200 PE added 38.8 lakh in OI.
- FIIs sold in Equity in tune of 443 cores ,and DII sold 139 cores in cash segment ,INR closed at 58.86 at 5 week high month,Thanks to RBI 🙂
- Nifty Futures Trend Deciding level is 5865 (For Intraday Traders).Nifty Trend Changer Level 5981 and Bank Nifty Trend Changer level 10780.
Buy above 5932 Tgt 5950,5967 and 5991(Nifty Spot Levels)
Sell below 5887 Tgt 5872,5850 and 5837(Nifty Spot Levels)
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Traders who use Pivot and Camarilla can use the following 2 sites for Hourly values and EOD values
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