FRIDAY'S DATA:
• High put option open interest build up of around 5 mn and 5.9 mn is seen at 5300 and 5200 strikes respectively, indicating that they will act as strong supports
• High call option open interest build up of around 5.4 mn and 5.9 mn is seen at 5600 and 5700 strikes respectively, indicating that they will act as strong resistances
• Nifty is trading at a discount of 8-9 points as compared to a premium of 24-25 points as of the previous trading week
• The PCR for Nifty based on open interest was down at 1.11 as compared to 1.31 as of the previous trading week
• The PCR for Nifty based on Volumes was down at 0.91 as compared to 1.10 as of the previous trading week
• Nifty Futures open interest saw a increase of around 25.94%
• In Index Futures FII’s were net buyers to the tune of Rs. 471 Cr with an open interest increase of around Rs. 1513 Cr as compared to net selling of Rs. 2270 Cr with an open interest decrease of around Rs. 1725 Cr as of the previous trading week
• Long build up was seen in Metals
• Short build up was seen in Auto, Cement, Banking, FMCG, Oil & Gas, IT, Telecom, Capital Goods, Power, Pharma, Finance, Infra, Shipping and Real Estate
• Short Covering was seen in Sugar
• Long Unwinding was seen in Chemicals & Fertilizers, Textiles and Media
FOR TODAY:
LAST FRIDAY’S (04/02) CLOSE WAS AT 5395 (- 131 POINTS). THE DAY HIGH WAS 5556 AND LOW WAS 5369. WEEKLY HIGH IS AT 5556 AND THE WEEKLY LOW IS AT 5369.
5DMA=5456
20DMA=5650
50DMA=5841
200DMA=5626
IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AT 5350 AND THEN 5260 LEVEL. RESISTANCE IS AT 5410 AND THEN 5460 LEVEL. TREND WILL BE CHANGE ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5DMA=5456
20DMA=5650
50DMA=5841
200DMA=5626
IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AT 5350 AND THEN 5260 LEVEL. RESISTANCE IS AT 5410 AND THEN 5460 LEVEL. TREND WILL BE CHANGE ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5-DAY RSI AT 28 AND 14-DAY RSI AT 31 INDICATES NIFTY IS IN BEARISH ZONE.BUY NIFTY FUTURE ABOVE 5420 FOR TARGET 5460/5485; STOPLOSS 5402.
SELL NIFTY FUTURE BELOW 5400 FOR TARGET 5368/5351; STOPLOSS 5415.
SELL NIFTY FUTURE BELOW 5400 FOR TARGET 5368/5351; STOPLOSS 5415.
SELL BANK NIFTY FUTURE BELOW 10378 FOR TARGET 10320/10200; STOPLOSS 10432
SELL ICICI BANK FUTURE BELOW 987 FOR TARGET 972/960; STOPLOSS 1002
SELL LARSEN TOUBRO FUTURE BELOW 1552 FOR TARGET 1532/1512; STOPLOSS 1572
SELL RELINFRA FUTURE BELOW 673 FOR TARGET 660/650; STOPLOSS ABOVE 686
SELL HEROHONDA FUTURE BELOW 1504 FOR TARGET 1485/1460; STOPLOSS ABOVE 1521
