NIFTY UPDATES 28513

THOUGH THE NIFTY IS MOVING IN A RANGE VOLATILITY IS AT ITS BEST... :).. NIFTY TODAY MANAGED TO GIVE CLOSE ABOVE 6100 MARK AFTER KISSING 6127 LEVEL. HEAVY LIQUIDATION SEEN AT 6000 AND 6100 CE SUGGESTING FORCED SHORT COVERING. 6100 PE ADDED HIGHEST IN OPEN INTEREST, THOUGH TOTAL OI AT 6100 CE IS HIGHER THAN THAT OF 6100 PE. 6200 CE ADDED HIGHEST IN OI. VIX ROSE MARGINALLY AND STILL CLOSED ABOVE 17 MARK. NEEDLESS TO MENTION VOLATILE MOVES WILL STILL RULE AS MAY EXPIRY IS ABOUT TO HAPPEN IN COUPLE OF SESSIONS. RANGE NOW SEEMS TO BE 6080-6170

SUPPORT 6080-6044

RESISTANCE 6153-6172

NIFTY UPDATES 27513

NIFTY TODAY RECOVERED SHARPLY AND GAVE A FIRM CLOSE NEAR 6100 MARK. THOUGH THE VOLUMES WERE QUITE LOWER TODAY THE MOVE WAS BACKED BY RALLY ACROSS THE SECTORS. AS PER THE OPTION CHAIN HUGE WRITING SEEN AT 6000 AND 6100 PE WHEREAS HEAVY SHORT COVERING SEEN AT 6000 CE. 6000 PE IS NOW HAVING HIGHEST OPEN INTEREST SO 6000 IS NOW GOING TO ACT AS STRONG SUPPORT AREA. ON THE OTHER HAND 6100 CE IS HAVING HIGHEST OPEN INTEREST SO IT IS NOW GOING TO ACT AS STIFF RESISTANCE. VIX WAS DOWN BY 3% AND CLOSED ABOVE 17. 

IMMEDIATE RANGE AS PER THE DATA 6000-6100.

SUPPORT AT 6072-6044

RESISTANCE 6114-6168

ABOVE 6114 DON'T REMAIN SHORT........ 

NIFTY UPDATES 26513

NIFTY KISSED AN IMPORTANT SUPPORT ZONE OF 5930 AND RECOVERED SHARPLY. AS PER OPTION CHAIN TOO 5900 IS STILL A VERY STRONG SUPPORT AREA FOR NIFTY. OI AT 6000 CE IS MARGINALLY HIGHER THAN THE OI AT 6000 PE. SO THE FIGHT FOR CAPTURING 6000 WILL BE SEEN IN SESSIONS AHEAD. 6100 MARK IS REMAINS KEY RESISTANCE NOW. VIX FELL SHARPLY BUT STILL VERY CLOSE TO 18 MARK. SO AS WE ARE NOW ENTERING EXPIRY WEEK VOLATILE MOVES WILL BE SEEN IN MARKETS. 

SUPPORT 5960-5930

RESISTANCE 6016-6044

NIFTY UPDATES 23513

NIFTY WITNESSED GAP DOWN OPENING AND INTENSE SELLING PRESSURE WAS SEEN IN MARKETS TODAY DUE TO GLOBAL NEWS PLUS POOR SBIN NUMBERS. WE WERE BULLISH ON THE MARKETS UNTIL 5974 WAS IN TACT ON CLOSING BASIS HOWEVER THE SAME LEVEL HAS NOW BEEN BROKEN ON CLOSING BASIS. OPTION CHAIN SUGGESTS BEARS TOOK COMPLETE CONTROL OF 6100 MARK. BULLS WERE FORCED TO COVER THEIR SHORTS AT 6000 AND 6100 CE. 5900 PE IS STILL HAVING HIGHEST OI SUGGESTING NEXT MAJOR SUPPORT FOR NIFTY. VIX CLOSED ABOVE 18. SO AS WE ARE APPROACHING NEAR MAY EXPIRY WITH VIX ABOVE 18 MARKETS MAY SHOW WILD VOLATILE MOVES IN SESSIONS AHEAD. 

SUPPORT 5930-5880

RESISTANCE 5992-6016

NIFTY UPDATES 22513

NIFTY TODAY OPENED GAP UP BUT AGAIN FAILED TO SUSTAIN AT HIGHER LEVELS AND WITNESSED SELLING PRESSURE DURING LAST HOUR. AS PER THE OPTION CHAIN 6000 STILL REMAINS A STRONG SUPPORT WHILE 6200 IS THE STIFF RESISTANCE ON THE UPPER SIDE. OPEN INTEREST AT 6100 CE AND PE IS ALMOST EQUAL. VIX ABOVE 17 AND NOW TRYING BREAK 18 MARK. SO MARKETS ARE EXPECTED TO MOVE IN A RANGE OF 6050-6150 WITH VOLATILE MOVES AS PER THE OPTION CHAIN DATA. 

NIFTY DAILY CHART SHOWS POSITIVE DIVERGENCE OF RSI WHICH IS A BULLISH SIGN. 

SUPPORT AT 6070-6044

RESISTANCE 6114-6148

DON' T REMAIN SHORT ABOVE 6172

NIFTY UPDATES 2052013

NIFTY WITNESSED GAP UP OPENING TODAY BUT COULD NOT SUSTAIN AT HIGHER LEVELS AND WITNESSED PROFIT BOOKING. THE TREND STILL REMAINS BULLISH AND MARKETS MAY  CONSOLIDATE IN COMING SESSIONS WITH STOCK SPECIFIC MOVES. NOW TODAY PROFIT BOOKING SEEN AT 5800 PE WHICH LIQUIDATED 13.85 LAC. HUGE OI BUILT UP AT 6200 PE OF 10.28 LAC SUGGESTING BULLS USED EVERY DECLINE TO MAKE BASE STRONGER AND STRONGER. TOTAL OI AT 6000 CE IS 85.88 LAC WITH ADDITION OF 6.72 LAC WHILE 6000 PE IS HAVING OI OF 29.13 LAC WITH LIQUIDATION OF 5 LAC. TOTAL OI AT 6100 SPOT IS ALMOST EQUAL. SO IT IS EVIDENT FROM THE OPTION CHAIN THAT TODAY'S FALL IS PURELY ATTRIBUTED TO PROFIT BOOKING. 

NIFTY STRONG SUPPORT AT 6114

RESISTANCE 6170-6195

NIFTY UPDATES 15513

NIFTY WITNESSED GAP UP OPENING TODAY AND TRADED WITH POSITIVE BIAS THROUGH OUT THE DAY AND FORMED A STRONG BULLISH CANDLE ON A DAILY CHART. HUGE LIQUIDATION SEEN TODAY AT 6000 CE OF 21.65 LAC. 6000 PE IS HAVING OI OF 73.32 LAC WITH ADDITION OF 13.5 LAC. TOTAL OI AT 6100 CE AND 6100 PE IS 61.3 LAC AND 47.63 LAC. TOTAL OI AT 6200 CE IS 68.7 LAC WITH LIQUIDATION OF 4.17 LAC. TOTAL OI AT 6200 PE IS 28.12 LAC WITH HUGE ADDITION OF 19.82 LAC. STILL 5800 PE IS HAVING HIGHEST OI OF 87.78 LAC. 5700 PE WITNESSED LIQUIDATION OF 13.46 LAC. VIX ROSE BY MORE THAN 5.5% AND CLOSED ABOVE 18. SO BEARS ARE STILL CHALLENGING THE 6100 LEVEL WHILE BULLS ARE TRYING HARD TO CAPTURE 6200 LEVEL. 

VIX IS RISING WITH THE RISE IN MARKETS A PHENOMENON GENERALLY SEEN WHEN MARKETS ARE ABOUT TO CHALLENGE PRIOR TOP.  

NIFTY UPDATES 14513

NIFTY FORMED A DOJI AFTER A SHARP SELL OFF AND WE INDICATED YESTERDAY AS ALMOST EQUAL OI WAS BUILT UP AT 6000 CE AND 6000 PE. NIFTY OPENED IN A GREEN AND TRADED IN A RANGE OF 5970-6030, THOUGH THE MOVES WERE HIGHLY VOLATILE. EVEN TODAY 6000 CE AND 6000 PE IS HAVING ALMOST EQUAL OI. TOTAL OI AT 6100 CE AND 6200 CE IS 59.53 LAC AND 77.13 LAC RESPECTIVELY. 5900 PE IS HAVING OI OF 78.23 LAC WITH ADDITION OF 12.3 LAC IN OI. TOTAL OI AT 5700 AND 5800 PE IS 85.26 LAC AND 91.2 LAC RESPECTIVELY. VIX IS STILL ABOVE 17. SO OPTION CHAIN SUGGEST THAT 5800 HAS NOW EMERGED AS A VERY STRONG SUPPORT AND ON THE UPPER SIDE 6200 IS THE VERY STIFF RESISTANCE. TREND IS STILL UP AND MKTS ARE EXPECTED TO TRADE WITH POSITIVE BIAS, THOUGH VOLATILE MOVES MAY BE THERE IN MKTS..

SUPPORT 5970-5930

RESISTANCE 6027-6045

NIFTY UPDATES 13513

AFTER A SHARP RALLY DURING RECENT PAST NIFTY WITNESSED MAJOR CORRECTION TODAY AND WAS DOWN BY MORE THAN 2%. WE WERE QUITE BULLISH ON THE MARKETS BUT SUDDENLY THE DYNAMICS CHANGED. NOW ALMOST EQUAL OI IS BUILT UP AT 6000 PE AND 6000 CE. 5900 PE IS HAVING OI OF 66.6 LAC WITH LIQUIDATION OF 5.46 LAC. OI AT 5700 AND 5800 PE IS 89.47 LAC AND 86.5 LAC. HIGHEST OI BUILT AT 6000 CE OF 14.44 LAC. 5900 CE IS HAVING OI OF 30.87 LAC. VIX ROSE BY 4% AND CLOSED ABOVE 17 MARK. SO BEARS GAVE A BIG PUNCH TODAY AND TIGHTENED THEIR GRIP AT 6000 MARK. 5800 IS STILL A STRONG SUPPORT. 

WE EXPECT A CONSOLIDATION MAY HAPPEN IN A RANGE OF 5850-6050 BEFORE ANY DIRECTIONAL MOVE.

SUPPORT 5960-5930

RESISTANCE 6025-6045

NIFTY UPDATES 12513

DURING RECENT PAST MARKETS HAVE MOVED BEYOND ANYONE'S IMAGINATION. AT TIMES WE KEPT UPDATING NOT TO SHORT AND KEPT REMINDING THAT MARKETS ARE IN A UPTREND AND IT IS PRUDENT NOT TO CHALLENGE THE TREND. EVERYONE IS LOOKING FOR THE CORRECTION BUT THIS TIME MARKETS SEEM TO BE IN A DIFFERENT MOOD. GRADUALLY NIFTY KISSED 6100 MARK AND NOW A WEEKLY CHART SHOWS A SYMMETRICAL TRIANGLE SORT OF PATTERN. OPTION CHAIN SUGGEST 5900 MARK IS THE VERY STRONG SUPPORT AND 6000 MARK TOO HAS ALSO BEEN IN VERY FIRM GRIP OF BULLS NOW. VIX IS STILL STRUGGLING TO CROSS 17 MARK ON A CLOSING BASIS. NO RESISTANCE IS HINDERING THE NIFTY AND WE SENSE THE BULLS MAY CHANGE THE GEAR IN COMING SESSIONS. OUR REQUEST TO ALL THE TRADERS NOT TO SHORT ANYTHING IN MARKETS. KEEP LOOKING FOR STRONG COUNTERS AND HOLD THEM TIGHT TO RIDE THE WAVES. 

NIFTY UPDATES 8513

NIFTY FORMED A DOJI CANDLE STICK PATTERN ON A DAILY CHART TODAY AFTER A SHARP UP MOVE AND NOW TRYING TO KISS 52 WEEKS HIGH. THE OPTION CHAIN SUGGEST AFTER CAPTURING 5800, BULLS HAVE SUCCEEDED TO HAVE FIRM GRIP  ON 5900 MARK TOO. 6100 STILL REMAINS A CRUCIAL RESISTANCE MARK. VIX ROSE BY MORE THAN 1.5% AND CLOSED AT 16.76 AFTER KISSING 17.22 LEVELS. THOUGH THERE IS NO SIGN OF ANY CORRECTION ONE MUST EXERCISE EXTRA CAUTION AT HIGHER LEVELS NOW FOR THE FOLLOWING THREE REASONS.

1. NIFTY IS NEAR 52 WEEK HIGH WHICH MAY LEAD PROFIT BOOKING 

2. VIX IS RISING SO MARKETS MAY TURN HIGHLY VOLATILE

3. DOJI CANDLE STICK FORMATION AFTER SHARP UP MOVE. 

NIFTY UPDATES 7513

NIFTY TODAY WITNESSED GAP UP OPENING AND TRADED WITH POSITIVE BIAS. NOW THIS GAP IS GOING TO ACT AS STRONG SUPPORT IN NEAR FUTURE. NOW 6000 PE ADDED 22.68 LAC IN OI TAKING THE TOTAL OI AT 48.73 LAC. TOTAL OI AT 6000 CE IS 50.5 LAC.OI AT 5800 PE AND 5900 PE IS 88.78 LAC AND 65.64 LAC RESPECTIVELY. TOTAL OI AT 6100 CE AND 6200 CE IS 51.75 LAC AND 57.42 LAC RESPECTIVELY. 6200 CE ADDED 18.73 LAC IN OI. VIX ROSE 4.2% AND CLOSED AT 16.5. SO 5800 HAS NOW EMERGED AS A VERY STRONG SUPPORT AND 5900 MARK TOO IS WELL IN CONTROL OF BULLS. HOWEVER 6000 STILL REMAINS VULNERABLE FOR THE BULLS IN THE LIGHT OF OI DATA AND RISEN VIX. MARKETS ARE IN A UPTREND BUT WE REQUEST THE TRADERS TO WORK WITH VERY STRICT SLs TO AVOID ANY UNMANAGEABLE LOSS. BE VERY STOCK SPECIFIC WHILE TRADING.

NIFTY UPDATES 6513

NIFTY DARLING MOVED VERY SHARPLY FROM 5450 AREA AND KISSED 6000 MARK. ON A DAILY CHART IT SEEMS TO BE SLIGHTLY IN A OVERBOUGHT ZONE. HOWEVER IT HAS NOW A VERY STRONG SUPPORT AT 5850 ABOVE WHICH WE EXPECT THE INDEX TO TRADE WITH THE POSITIVE BIAS ONLY. NOW 5900 CE AND 5900 PE IS HAVING OI OF 51 LAC AND 53 RESPECTIVELY WITH LIQUIDATION OF 0.61 LAC AT 5900 CE AND ADDITION OF 4.12 LAC AT 5900 PE. 6000 CE IS HAVING OI OF 55 LAC WHEREAS 6000 PE IS HAVING OI OF 26 LAC WITH ADDITION OF 2.66 IN OI. TOTAL OI AT 6100 CE IS 53.3 LAC. 5800 PE IS HAVING OI OF 76 LAC WHEREAS 5700 PE HAS OI OF 72 LAC. VIX ROSE ALMOST 2% AND CLOSED BELOW 16 MARK. SO AS MENTIONED EARLIER TOO NIFTY IS EXPECTED TO TRADE WITH POSITIVE BIAS. THE INDEX MAY CONSOLIDATE BETWEEN 5850-6000. STOCK SPECIFIC MOVES ARE EXPECTED AND SELECTION OF THE RIGHT STOCK WILL MAKE THE WHOLE DIFFERENCE. 

NIFTY UPDATES 2513

NIFTY TODAY WITNESSED GAP DOWN OPENING BUT GRADUALLY IT RECOVERED SHARPLY AND FORMED A STRONG BULLISH CANDLE ON A DAILY CHART. NOW 5900 PE IS HAVING OI OF 56 LAC WITH ADDITION OF 20.37 IN OI WHEREAS OI AT 5900 CE IS 54.60 LAC. TOTAL OI AT 6000 PE IS 24.75 LAC AND THAT AT 6000 CE IS 52.38 LAC. 6200 AND 6300 CE ADDED 11.93 AND 19.84 LAC IN OI. TOTAL OI AT 5700 PE AND 5800 PE IS 68.8 LAC AND 65.6 LAC RESPECTIVELY. VIX ROSE VERY SHARPLY BY ALMOST 8% AND CLOSED AT 16.28.

SO MARKETS ARE EXPECTED TO WITNESS HIGH VOLATILITY ON ACCOUNT OF RBI MEET TOMORROW.

WE REQUEST THE TRADERS TO BUY 5900 PE AND 6100 CE ... TOTAL PREMIUM PAID WOULD BE AROUND 116 TGT 180-195 SL 72