NIFTY UPDATES 27313

NIFTY IS NOW HANGING AROUND A SUPPORT AREA OF 5630 AND SEEMS TO BE TAKING BREATH. THOUGH THE TREND IS DOWN AND BELOW 5630 THE NEXT MAJOR SUPPORT IS AROUND 5545. WITH MAJORITY OF THE INDEX CONSTITUENTS TRADING AROUND THEIR CRUCIAL SUPPORTS AND LOOKING AT  MINOR NEGATIVE DIVERGENCE OF RSI ON WEEKLY CHART NIFTY MAY WITNESS SOME BOUNCE BACK FROM CURRENT LEVELS. HOWEVER FOR NIFTY TO GAIN STRENGTH 5720 MUST BE BREACHED ON CLOSING BASIS. CONSECUTIVE CLOSES ABOVE 5745 WE THINK ARE NECESSARY FOR THE SUSTAINED RALLY.

 

COUPLE OF SESSIONS AFTER THIS EXPIRY WILL HELP TO FORM A CLEAR VIEW.  AT THIS JUNCTURE TRADERS MUST AVOID TRADING AND ENJOY VACATION. :)

 

 

 

NIFTY UPDATES 25313

NIFTY TODAY WITNESSED GAP UP OPENING WHICH DIDNT GIVE ANY SURPRISE AS WE MENTIONED IN OUR EARLIER POSTS THAT OI AT 5700 PE WAS HIGHER THAN 5600 PE. HOWEVER THE EARLIER GAINS ERASED AND NIFTY CLOSED AT 5633.85 DOWN BY 17 POINTS. NIFTY FORMED A STRONG BEARISH CANDLE ON A DAILY CHART AND BULLS WERE FORCED TO COVER SHORTS AT 5700 PE WHICH IS EVIDENT FROM THE LIQUIDATION WITNESSED LATER ON. NIFTY IS TRADING WITH NEGATIVE BIAS AND BREACH OF 5600 MARK ON CLOSING BASIS MAY WORSEN THINGS IN COMING DAYS. WITH MARCH EXPIRY DUE IN JUST COUPLE OF SESSIONS AND CONSIDERING HARDLY 3 SESSIONS IN THIS WEEK WE EXPECT ERRATIC MOVES PARTICULARY IN INDEX MAJORS AND REQUEST TO EXERCISE A VERY CAUTIOUS APPROACH WHILE TRADING IN FUTURES. ONE MUST AVOID CARRYING OVER LEVERAGED POSITION OVERNIGHT AND TRADE WITH STRICT SLs IN PLACE.

 

VIX ROSE MORE THAN 5% AND CLOSED ABOVE 16. SUPPORT FOR NIFTY 5630-5610 AND RESISTANCE NOW PLACED AT 5658-5692-5708.

 

 

 

NIFTY UPDATES - 21313

NIFTY TODAY AS EXPECTED BOUNCED BACK BUT AGAIN FAILED TO SUSTAIN AT HIGHER LEVELS AND BROKE ITS PREVIOUS LOW OF 5663 AND CLOSED AT 5658.75. 5630 ZONE IS THE STRONG SUPPORT AREA FOR NIFTY AND CONSECUTIVE CLOSES BELOW THE SAID MARK MAY LEAD FURTHER SELL OFF. TOMORROW BEING WEEKLY CLOSE MARKETS ARE EXPECTED TO WITNESS HIGH VOLATILITY. STILL 5700 PE IS HAVING HIGHEST OI OF 86 LAKHS WITH ADDITION OF 2.38 LAKHS. THE DATA IS REALLY SURPRISING AS 5600 PE IS HAVING OI OF 76.39 LAKHS WHICH IS LOWER THAN THE OI OF 5700 PE DESPITE NIFTY CLOSED FAR BELOW 5700 MARK. VIX CLOSED IN RED BUT STILL ABOVE 16.  SO THERE IS NO CLEAR CLUE AS TECHNICALLY NIFTY LOOKS WEAK BUT OPTION CHAIN GIVES CONTRADICTORY PICTURE.STILL WE GUESS IF 5630 IS NOT BROKEN NIFTY CAN KISS 5700. FRESH SHORTING MUST BE DONE WITH EXTRA CAUTION.

 

 

NIFTY UPDATES 20313

AGAIN TODAY NIFTY CRASHED AND GAVE CLOSE AT 5694.4. STILL NIFTY HAS NOT BROKEN THE RECENT LOW OF 5663. WE CAN ALSO SEE THE NEGATIVE DIVERGENCE OF RSI TODAY. SO WE BELIEVE IF 5663 IS NOT BROKEN AND NIFTY HOLDS THE SAID LEVEL FOR 2 TO 3 DAYS ON CLOSING BASIS WE MAY WITNESS TECHNICAL BOUNCE BACK FROM HERE.

 

 

 

STILL WE HAVE HIGHEST OI AT 5700 PE OF 88 LK WITH ADDITION OF 3.3 LK.5800 PE IS HAVING OI OF 46.76 LK WITH LIQUIDATION OF 20 LK AND OI AT 5900 PE IS 29 LK WITH LIQUIDATION OF 4.85 LK. 5400, 5500 AND 5600 PE IS HAVING OI OF 5LK, 59.7 LK AND 72.2 LK WITH ADDITION OF 2LK, 1.75 LK AND 7 LK RESPECTIVELY.

 

ON THE OTHER SIDE 6000 CE IS HAVING HIGHEST OI OF 1 CR WITH ADDITION OF 2.3 LK. OI AT 5900 CE AND 5800 CE IS 83.7 LK AND 74.4 LK RESPECTIVELY. 5700 CE ADDED 20 LK IN OI AND 5800 CE ADDED 13 LK.

 

VIX WAS DOWN BY 0.3% AND STILL CLOSED ABOVE 16.

 

SO THERE WILL BE TOUGH FIGHT BETWEEN BEARS AND BULLS FOR THE 5700 LEVEL AND OPTION CHAIN ALSO GIVES HINT THAT NIFTY MAY CONSOLIDATE NOW.

 

SUPPORT 5663-5630

 

RESISTANCE 5723-5745...

NIFTY UPDATES 19313

 

 

 

TODAY WE WITNESSED SELLING ACROSS THE BOARD AND NIFTY CRASHED VERTICALLY. FROM THE LAST TWO POSTS WE ARE SHOUTING THAT NIFTY IS TRADING WITH NEGATIVE BIAS AND AS EXPECTED FINAL SHAPE GIVEN TODAY.

 

 

 

NOW WHAT TO EXPECT???

 

 

NIFTY TODAY FORMED A STRONG BEARISH CANDLE ON A DAILY CHART AND GAVE CLOSE AT 5745. THE SENTIMENT HAS NOW BEEN SPOILED AND ONE MUST EXERCISE EXTRA CAUTION WHILE TRADING AND SELECTING THE RIGHT STOCK.

 

 

SUPPORT AT 5723-5660 AND 5630 THE ULTIMATE SUPPORT

 

RESISTANCE AT 5792-5814

 

 

 

NIFTY UPDATES 18313

IN PREVIOUS POST WE UPDATED THAT NIFTY IS GOING TO TRADE WITH NEGATIVE BIAS AND AS EXPECTED IT OPENED GAP DOWN TODAY AND FAILED TO FILL THE GAP. AGAIN 5815 ACTED AT STRONG SUPPORT.. :)

 

 

 

NOW OPTION CHAIN SUGGEST STILL 5700 IS HAVING HIGHEST OI OF 1 CR WITH LIQUIDATION OF 88 THOUSAND. OI AT 5800 PE IS 88 LAKHS. 5900 PE WITNESSED THE LIQUIDATION OF 5.9 LAKHS AND TOTAL OI STANDS AT 48.7 LAKHS. 6000 PE IS HAVING OI OF 24 LAKHS WITH LIQUIDATION OF 4.57 LAKHS.

 

ON THE OTHER SIDE WE HAVE HIGHEST OI BUILT UP AT 6000 CE OF 85.88 LAKHS WITH ADDITION OF 9 LAKHS IN OI. OI AT 6100 CE AND 6200 CE IS 66.17 LAKHS AND 43.8 LAKHS RESPECTIVELY. OI AT 5900 CE IS 63 LAKHS WITH ADDITION OF 4 LAKHS AND OI AT 5800 CE IS 37.17 LAKHS.

 

SO STILL 5700 SEEMS TO BE  A WALL  OF SUPPORT ON DOWNSIDE WHEREAS 6000 IS THE STIFF RESISTANCE.

 

NIFTY VIEW IS NEGATIVE AND BELOW 5815 WE SUGGEST NOT TO REMAIN LONG.

 

SUPPORT 5815-5792-5730

 

RESISTANCE 5872-5885-5914 -5953

 

NIFTY UPDATES 17313

AFTER A SHARP RALLY LAST WEEK NIFTY AGAIN FAILED TO SUSTAIN AT HIGHER LEVELS AND GAVE A WEAK CLOSE AT 5872.6

 

 

 

ALTHOUGH 5700 IS STILL A WALL SUPPORT FOR NIFTY AS STILL IT HAS OI OF 1 CR. 5800 PE IS HAVING OI OF 87 LAKHS WITH LIQUIDATATION OF 6.55 LACS AND 5900 PE IS HAVING OI OF 56 LAKHS WITH LIQUIDATION OF 2.8 LAKHS. ON THE OTHER HAND 6000 CE IS HAVING HIGHEST OI OF 78 LAKHS WITH ADDITION OF 5.35 LAKHS. OI AT 6100 CE AND 6200 CE IS 67.6 LAKHS AND 44.7 LAKHS RESPECTIVELY. 5900 CE IS HAVING OI OF 60 LAKHS WITH ADDITION OF 3.45 LAKHS. VIX ROSE 3.4% AND CLOSED AT 15.16.

 

NIFTY BIAS SEEMS TO BE NEGATIVE NOW

 

SUPPORT 5842-5815-5792

 

RESISTANCE 5883-5948-5982

 

NIFTY UPDATES 14313

YESTERDAY WE UPDATED THAT SUPPORT FOR NIFTY AT 5792 AND IT KISSED 5791.75 AND TOOK SHARP U TURN... :). IN THE MORNING SESSION ITSELF THE MKTS SHOW VERY SCARY PICTURE AND SURPRISED EVERYONE BY SHARP RECOVERY. NIFTY WE SENSE IS FORMING INVERTED H&S PATTERN ON A DAILY CHART.

 

 

 

SO NOW WHAT?????

 

STILL WE ARE HAVING HIGHEST OI AT 5700 OF 1CR WITH LIQUIDATION OF 22 LACS. 5800 PE IS HAVING OI OF 93 LACS. OI AT 5900 PE IS 59 LACS AND AT 6000 PE OI IS 34 LACS WITH ADDITION OF 5 LACS. ON THE CONTRARY 6000 CE IS HAVING HIGHEST OI OF 72 LACS WITH LIQUIDATION OF 1.63 LACS WHEREAS TOTAL OI AT 6100 CE IS 66 LACS WITH ADDITION OF 6 LACS. LIQUIDATION AT 5300-5500 PE TOO SHOWS THAT THE PANIC WAS TOO SCARCY. VIX FELL 9.5% AND CLOSED AT 14.66

 

SO THE BIAS IS BULLISH NOW AND NIFTY EXPECTED TO TRADE IN A RANGE OF 5850-5990.

 

SUPPORT 5880 AND RESISTANCE NOW PLACED AT 5953-5972-5990

 

CLOSE ABOVE 5990 IS NECESSARY FOR THE CONVINCING UPMOVE.

 

 

NIFTY UPDATES 13313

NIFTY TODAY WITNESSED GAP DOWN OPENING AND REMAINED WEAK THROUGH OUT THE SESSION AND CLOSED BELOW IMMEDIATE SUPPORT AT 5860. IT FAILED TO GIVE CLOSE ABOVE 50 EMA DURING RECENT PAST AND TODAY CLOSED AROUND ITS 20 EMA

NOW WHAT TO EXPECT???

WE HAVE HIGHEST OI BUILT UP AT 5700 PE OF 1.3 CR WITH ADDITION OF 10 LAKHS. 5800 PE IS HAVING OI OF 97 LAKHS WITH ADDITION OF 9 LACS. 5900 PE WITNESSED LIQUIDATION OF 6 LACS TAKING TOTAL OI TO 66 LAKHS. ON THE OTHER HAND 5900 CE ADDED 9LACS IN OI AND TOTAL OI IS AT 63 LAKHS. 6000 CE IS HAVING HIGHEST OI OF 74 LACS AND OI AT 6100 CE AND 6200 CE IS 60 LAKHS AND 42 LAKHS. AGAIN TODAY VIX ROSE 7% AND CLOSED AT 16.2 DURING LAST 4 SESSIONG VIX HAS RISED 22%.

SO THE BEARS ARE NOW HAVING UPPER HAND AND BULLS HAVE GUARDED 5700 FIRMLY. IMMEDIATE SUPPORT FOR NIFTY AT 5815-5792 ...... RESISTANCE AT 5860-5880-5914

TREND IS BEARISH UNTIL NIFTY CLOSES ABOVE 5914.

MORE DETAILS,NEWS AND INTRADAY LEVELS

 

NIFTY 12313

DAY BEFORE YESTERDAY WE UPDATED THAT NIFY RESISTANCE AT 5973 AND IT KISSED 5972 AND TOOK U TURN.... AGAIN YESTERDAY UPDATED THAT RESISTANCE AT 5953 AND TODAY IT KISSED 5952 AND CRASHED.....

NOW WHAT TO EXPECT?????

HAVING FORMED DOJI AFTER A RALLY TODAY NIFTY FORMED A BEARISH CANDLESTICK ON A DAILY CHART AND GAVE CLOSE AT 5914. NIFTY YESTERDAY STRUGGLED TO CROSS 5972 AND TODAY IT STRUGGLED TO CROSS 5953.. :)

NOW WE ARE HAVING HIGHEST OI BUILT UP AT 5700 AND 5800 PE OF AROUND 1 CR EACH. OI AT 5900 PE  IS 77 LAKHS WHEREAS 5900 CE IS HAVING OI OF 55 LAKHS. 6000 CE IS HAVING OI OF 68 LAKHS AND 6100 CE IS HAVING OI OF 62 LACS. LIQUIDATION AT 5700 AND 5800 CE SUGGEST PROFIT BOOKING. 5700 PE ADDED HIGHET IN OI WHERES IN CE SPACE 6000 CE ADDED HIGHEST IN OI. SO BULLS ARE HAVING A VERY FIRM GRIP ON 5700 AND 5800 MARK WHEREAS BEARS ARE CONTROLLING 6000. NOW BEARS ARE MAKING EVERY RESISTANCE STIFF AND WANT TO CONTROL 5900. AGAIN VIX ROSE 6% TODAY AND CLOSED AT AROUND 15. SO BE READY FOR EXTREME VOLATILITY. 

 

IMMEDIATE SUPPORT AT 5880-5850 RESISTANCE NOW AT 5953-5972. CLOSE BELOW 5880 MAY GIVE BEARS UPPER HAND WHEREAS CLOSE ABOVE 5990 IS REQUIRED FOR THE BULLS TO CONTROL 6000.

 

 

MORE DETAILS, NEWS AND INTRADAY LEVELS TO SUBCRIBERS ONLY

NIFTY UPDATE 11313

 

NIFTY AFTER A RECENT RALLY TOOK A PAUSE TODAY AND FORMED DOJI ON A DAILY CHART. TODAY LIQUIDATION WITNESSED IN 5700-5800 CE WHICH IMPLIES PROFIT BOOKING. HIGHET OPEN INTEREST BUILT IS AT 5700 AND 5800 PE OF 1 CR EACH. SO BULLS HAVE FIRMLY CAPTURED THESE 2 LEVELS. 6000 AND 6100 CE IS HAVING HIGHEST OPEN INTEREST BUILT UP OF 60 LACS EACH. SO THE BEARS ARE FIGHTING HARD FOR 6000 LEVELS. IMMEDIATE SUPPORT FOR NIFTY SEEMS TO BE AT 5930 AND 5880 ..... RESISTANCE NOW PLACED 5953-5975. TODAY VIX ROSE 6% MAINLY DUE TO MAJOR EVENT COMING ON 19TH. IMMEDIATE RANGE OF NIFTY SEEMS TO BE 5900-6000. FOR ANY SUSTAINED RALLY 5990 MUST BE CROSSED ON A CLOSING BASIS. WE EXPECT MKTS TO BE HIGHLY VOLATILE ....... NOW ONE MUST BE VERY CAUTIOUS IN SELECTING STOCK.....

NIFTY UPDATE 8313

NIFTY OPENED WITH A FIRM NOTE ABOVE 5880 AND FIRMLY HELD IT THROUGH OUT THE DAY. THE GAP AROUND 5930 GOT FILLED TODAY VERY EASILY AND NIFTY FORMED A BULLISH ENGULFING PATTERN ON A WEEKLY CHART.

NOW 5700 PE AND 5800 PE IS HAVING HIGHEST OI OF 94.5 LAKHS AND 94 LAKHS RESPECTIVELY WITH HIGHEST ADDITION OF 26 LAKHS AT 5900 PE WHICH TOOK THE TOLL AT 64 LAKHS OF OI AT 5900. 6000 PE ADDED 13 LAKHS IN OI. ON THE OTHER HAND HIGHEST OI IS BUILT UP AT 6000 CE AND 6100 CE OF 57 LAKHS AND 56 LAKHS RESPECTIVELY WITH LIQUIDATION OF 9.85 LACS IN 6000 CE. 5800 CE WITNESSED HIGHEST LIQUIDATION OF 10 LAKHS IN OI AND 5700 CE LIQUIDATED 6.5 LACS. SO PROFIT BOOKING SEEN AT 5700 AND 5800 CE AND BEARS WERE FORCED TO COVER THE SHORT AT 6000 CE.

NOW BULLS ARE HAVING A VERY FIRM GRIP  ON 5700 AND 5800 POINT AND  TRYING TO HOLD 5900 VERY TIGHTLY. NIFTY TREND IS NOW BULLISH UNLESS AND UNTIL 5880 IS IN TACT.ABOVE 5940 NIFTY IS A CLEAR BUY. RESISTANCE FOR NIFTY SEEMS TO BE AT 5972 -6017. NO SHORT IS ADVISABLE IN MKTS. ONE SHOULD EITHER STAY WITH THE TREND OR REMAIN NEUTRAL.

NIFTY 7313

JUST 2 DAY BACK UPDATE NOT TO SHORT ANYTHING IN MKTS AND YESTEDAY UPDATED THAT 5880 IS THE RESISTANCE AND NIFTY KISSED 5878 AND CLOSED AT 5863......

 

 

NOW WHAT NEXT????

5700 PE IS HAVING HIGHET OI OF 95 LAKHS AND 5800 PE IS HAVING OI OF 81 LAKHS WITH ADDITION OF 10.5 LAKHS IN OI. SO THE BULLS AFTER CAPTURING 5700 LEVEL NOW TRYING TO HOLD 5800 LEVEL FIRMLY. ON THE OTHER HAND 6000 CE IS HAVING HIGHET OI OF 67 LAKHS WITH LIQUIDATION OF 4.5 LAKHS IN 5900 CE. SO PROFIT BOOKING WITNESSED AND BEARS WERE FORCED TO COVER SHORTS.

NOW WE MAY SEE TOUGH FIGHT BETWEEN BEARS AND BULLS FOR THE 5900 LEVEL.

NIFTY TREND IS NOW BULLISH AS LONG AS 5815 IS IN TACT..... SUPPORT NOW AT 5830.... RESISTANCE 5880 AND 5921.....

PROFIT BOOKING IS ADVISABLE AT THIS STAGE.....

MORE DETAILS AND INTRADAY LEVELS TO SUBCRIBERS ONLY

 

NIFTY UPDATES

NIFTY TODAY GAVE CLOSE ABOVE 5815 A CRUCIAL RESISTANCE. HOWEVER IT HAS FORMED DOJI CANDLESTICK PATTERN ON DAILY CHART. VIX TOO FORMED DOJI AND NOW IT IS AROUND 13 LEVELS. 5700 PE IS HAVING HIGHEST OPEN INTEREST BUILT UP WITH ADDITION OF 10 LAKHS. 5800 PE ADDED 15 LAKHS IN OPEN INTEREST. SO BULLS HAVE FORMED A STRONG BASE AT 5700 LEVELS AND NOW TRYING TO HOLD THE 5800 LEVELS FIRMLY. NIFTY HAS NOW SUPPORT AT 5785 AND RESISTANCE AT 5830 LEVELS. NIFTY RANGE SEEMS TO 5780-5880.... STOCK SPECIFIC MOVES ARE NOW EXPECTED IN MARKETS......

 

NIFTY UPDATE

HUGE OPEN INTEREST BUILT UP TODAY IN 5600,5700 AND 5800 PE AND WITH UNWINDING OF OPEN INTEREST IN 6000 PE ... ON THE OTHER HAND OPEN INTEREST BUILT UP IN 6100 CE ... BULLS HAVE CAPTURED 5800 MARK AND NIFTY SEEMS TO BE ALL SET TO MOVE TO 5900.... GAP ON A DAILY CHART AROUND 5935 MIGHT GET FILLED..... BESIDES VIX HAS FALLEN SHARPLY... THE COUNCLUSION OF THE ABOVE IS -
DONT SHORT ANYTHING IN MKTS.....