FII DERIVATIVES | |||
Index Future | Index Option | Stock Future | Stock Index |
+56 | +144 | -70 | -1 |
FII Cash | +86 | ||
DII Cash | -95 | ||
India VIX : 18.78 down by 0.99 points
Call OI : 31237250
Put OI : 34641650
PCR : 1.109
SMR : 16.93
5DEMA: 5525
10DEMA: 5549
20DEMA: 5559
50DEMA: 5554
Intraday support and resistance:
S2 | S1 | Pivot | R1 | R2 |
| 5452 | 5484 | 5520 | 5550 | 5586 |
Weekly support and resistance:
S2 | S1 | Pivot | R1 | R2 |
| 5300 | 5395 | 5545 | 5640 | 5796 |
- Nifty Open Interest for August stands at 2,01,33,850 up by 5,89,700 with increase in price (Long Build-up)
- Bank Nifty Open Interest for August stands at 9,22,025 up by 9,425 with increase in price (Long Build-up)
For 2/08/11 NF may take support at 5520
Above 5540 NF may rally up to 5575
Below 5505 NF may correct up to 5470
NIFTY LEVELS
Nifty future's projected high and low for next session is 5590 and 5490 (use this projection with other indicators). Nifty future's immediate support now comes around 5530 zone. If sustains that zone then it will towards 5570 zone. Crossover and sustenance above 5570 will show buying to 5610 level itself. But if cannot sustain above 5530 level it will again retest 5505 and this time below 5505 a real free fall will be seen which may take Nifty future upto 5460 zone.
OPTION DATA ANALYSIS
As per OI Table 5400 and 5500 puts were written while 5600 calls were written not much big movement in OI. OI is neutral to breakout any side.
Expected Bullish Stocks For 2/08/2011: JUBLFOOD, TVSMOTOR, IGL, RANBAXY, GMDCLTD.
Expected Bearish Stocks For 2/08/2011: SUNTV, HAVELLS, SAIL, FINANTECH, FEDERALBNK .
GM Rishika,....
ReplyDeleteGF ganesh
ReplyDeletei may go long only above 5483. otherwise no trade for today. too early to predict using option OI but for the movement 5500 calls are being writen but its also risky to short the market.
ReplyDeleteUS future is waiting for AAA rating by credit agency so does not look good.
Going long with SL 5435 could be nice.
i am buying icici 1050 call at 20.60. very risky at this time to buy call.
ReplyDeletei am buying this in my profit money so i may hold this for long SL.
ReplyDeleteSorry for late Rishika.....Here Power problem...can i enter icici call or wait for it...Thanks .
ReplyDeleteRishika,
ReplyDeleteAny bounce are u expecting icici ....nifty showing weakness...
5430 zone is a suport zone and nifty bounced from this level last time. but world market is week and FII are net sellers so risk is high but we may bounce atleast towards 5470 and chances are high to fall back for intra. so better avoid option
ReplyDeleteOKKK..Rishika...Thanks .
ReplyDeleteRishika....My side still no trade.....any positional buy option there...
ReplyDeleteRead in net....
ReplyDeletebuy nifty and sell gold.
markets look bullish. nifty will make daily +ve divergence
today if it closes below 5482. (its previous closing Low).
it is also oversold and near crucial supports.
reliance is showing strength in a falling market. all these
are reasons to be bullish.
Sell Gold:
If Congress fails to lift the debt ceiling by Aug. 2, can the Federal Reserve do anything to help the U.S. government avoid defaulting on its bills?
Joseph E. Gagnon, a former Fed economist who is now a senior fellow at the Peterson Institute for International Economics, thinks it can -- and that the answer is at Fort Knox.
The Treasury keeps 5,000-plus tons of gold, mostly at the U.S. Bullion Repository, as Fort Knox is formally known. The gold is carried on the government's books at about $11 billion. But the gold's market value, at more than $1,600 an ounce, is about $418 billion. The $407 billion difference is enough to cover the government's deficit for three months.
The solution, Gagnon says, is to monetize the gold at market prices. Here's how it could work: The Fed owns certificates, backed by U.S. gold reserves, priced at $42 an ounce. Treasury can exercise an option it has to buy the certificates back at that price, for a total of $11 billion. The next step, which would require Fed Chairman Ben S. Bernanke's cooperation, would involve Treasury selling the gold certificates back to the Fed at close to market price, netting taxpayers about $407 billion.
The Fed would be stuck holding a risky asset that pays no interest. To fix this, the Treasury and the Fed could enter into a gentleman's agreement in which Treasury gives the Fed an option to sell the gold certificates back to Treasury at the same price -- or they could build in a small profit for the Fed -- once the debt ceiling is lifted and Treasury can resume bond auctions.
nice info ganesh. i will be holding icici call for this week. missed reliance. i had a plan to enter reliance near 810 which did not happen.
ReplyDeletei hope senate may pass the debt bill but the credit rating is difficult but no one knows when they will do that..
i am also little positive for the last couple of weeks so only did not enter any short trade
banks have to move but its not supporting the market but a finish above 5470 will be nice.
ReplyDeletebank nifty should go above 10800 but its not doing that and nifty may not go up without bank nifty help.
ReplyDeletehmmm...Lets wait....
ReplyDelete