Wednesday, July 24, 2013

Technical View of nifty on 24/07/2013



Nifty

Nifty is in bull region .So today intra resistance are at 6116,6143 and 6159 level and on down side support are at 6039 and 6012.Below 6000 better avoid longs for short term.
Positional Support for NIFTY 5978 5924 5917 5901 5854 5843 5838 5837 
positional Immediate resistance for NIFTY is 6105.
Intraday Resistance of NIFTY are 6111.7 6139.8 6195.3 6211.7
Intraday Support of NIFTY are 6043.9 6015.8 5961.4 5945.4

Nifty Futures
NIFTY FUTURE-CMP(6087.0) is currently in BULL trend . Yesterday the trend was BULL WITH LV In Jul series Nifty future shed 22.42 lakh position in Open Interest and this accounts to -18.89 % of Total Open Interest in Jul series.The Nifty Jul series is trading at 9.2 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 19.85 lakh position in open interest and this accounts to 8.27 % of Total Open Interest in all series and cumulatively trading in average premium of 41.72 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side and ratio is still strong but addition of call is slightly increasing at 6100 level Yesterday Nifty Put option has added 861.42 lakh position and Nifty call option has added 625.03 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 18.97 crore in value and Nifty call option has shed Rs -0.61 crore in value on cumulative basis.
Bank Nifty
Positional Immediate support for BANKNIFTY is 10808 
positional Resistance for BANKNIFTY is 11365 11389 11418 11744 11949 11998 12035 12054 12143 .
Intraday Resistance of BANKNIFTY are 11188.7 11273.1 11245.5 11267.5
Intraday Support of BANKNIFTY are 10985.2 10900.8 10929.6 10907.8


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