NIFTY FUTURE : Currently in SIDEWAYS trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Sep series Nifty future added 14.59 lakh position in Open Interest and this accounts to 7.24 % of Total Open Interest in Sep series.The Nifty Sep series is trading at 7.25 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 20.24 lakh position in open interest and this accounts to 8.89 % of Total Open Interest in all series and cumulatively trading in average premium of 33.22 Rs to Underlying. The open interest is also increasing with trend
NIFTY OPTIONS: In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to call side but writing of Put is slightly increasing at 5500 level The Nifty call option is trading at discount so sentiment at higher level seems cautious The Nifty Put option is trading at premium so market is expecting bearishnes Yesterday Nifty Put option has added 784.59 lakh position and Nifty call option has added 713.16 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 56.25 crore in value and Nifty call option has shed Rs -100.71 crore in value on cumulative basis
NIFTY FUTURE: CMP(5446.95) is currently in BULL trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Sep series Nifty future added 5.51 lakh position in Open Interest and this accounts to 2.99 % of Total Open Interest in Sep series.The Nifty Sep series is trading at 15.95 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 6.09 lakh position in open interest and this accounts to 2.99 % of Total Open Interest in all series and cumulatively trading in average premium of 42.4 Rs to Underlying. The open interest is also increasing with trend
NIFTY OPTIONS;
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to call side and writing of call is increasing The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 728.01 lakh position and Nifty call option has added 689.77 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 27.09 crore in value and Nifty call option has added Rs 4.66 crore in value on cumulative basis
Good Morning,
07-Sept-2012 Todays Call: 1. Long ICICI Bank @928 Target 935 S/L 922 2. Long BOMDYEING @440.9 S/L 436 Target 447 3. Short ABAN OFFSHORE Below 421.5 S/L 426 Target 415 4. Short LUPIN Below 608.5 S/L 612.5 Target 600.
As you can see we suggested to be long on Nifty Yesterday. And told that Nifty is Trading near support Levels and can bounce back from support levels of 5230 and Today Nifty is Up more than 1%...... On 6th-Sept-2012:
1. One can Expect Bounceback from These Levels . 2. You can Take Position In two Ways with Stop loss as suppot line. 3. If Nifty Breaks Support Take Short Position Or If Bounce back Take a Long Position.