NIFTY X- RAY REPORT FOR 02 JULY.
LAST WEEK SNAP SHOT:-
The markets closed with substantial gains last week with all sectoral indices closing positive. The Sensex was up 2.7% and Nifty also gained 2.7% over the week. The CNX Midcap index closed with 3% gain, BSE smallcap gained 2.2% while the Bank Nifty closed with 3.2% gain. The BSE Metal closed with 4% gain, BSE Oil & Gas was up 2.5% and BSE Power closed with 4.75% gain over the week. The top Nifty gainers during the week were Tata Power, Jindal Steel, ICICI Bank and Maruti Suzuki while the biggest losers included Cairn India and BPCL.
LAST DAY SNAP SHOT:-
The markets made robust gains on Friday with all sectoral indices closing in the green. Capital goods, power, metal and banking were the best performers in today's session and realty, auto, consumer durables and FMCG, too, gained significantly. The Sensex closed at 17430, up 439 points from its previous close, and the Nifty shut shop at 5279, up 130 points. The CNX Midcap index was up 2.1%. The market breadth was positive with advances at 1093 against declines of 379 on the NSE. The top Nifty gainers were Jindal Steel, Tata Power, Sterlite Industries and BHEL while the biggest losers included Cairn India, BPCL and Coal India.
FII bought 65277 contracts of nifty future worth Rs.1568.34 cr and open interest increased by 142.80%, indicating fresh long addition into the system.
Nifty 5200 put added 2,281,100 shares in open interest.
Nifty 5300 put added 1,148,600 shares in open interest.
Nifty 5400 put added 666,400 shares in open interest.
Nifty 5400 call added 2,098,450 shares in open interest.
Nifty 5300 call added 329,250 shares in open interest. All this option data indicating fresh long have been made into the system. 5400 call has highest open interest in call side. Indicating that nifty will face resistance at 5400 level in near term.
Market has given robust jump on friday, and no unwinding from 5300 call and it is highly overbought on hourly and half hourly charts so retesting of 5240-5250 level is also possible before going 5400 in near term.
According to option data no need to jump to much. We may see once again a range bound session till at least first half of July. range would be 5100 - 5400.
As per Nifty EOD charts market is showing strong bullishness and Nifty will touch 5415 level very soon.
As I have discussed earlier about 5217 level. Market has jumped this level on Friday which was close on daily, weekly, and monthly basis, now suppose that if Nifty does not close below this level on monthly basis expect bull month rest of month of 2012. Under this situation 6000-6300-6500 can not be ruled out.
LAST WEEK SNAP SHOT:-
The markets closed with substantial gains last week with all sectoral indices closing positive. The Sensex was up 2.7% and Nifty also gained 2.7% over the week. The CNX Midcap index closed with 3% gain, BSE smallcap gained 2.2% while the Bank Nifty closed with 3.2% gain. The BSE Metal closed with 4% gain, BSE Oil & Gas was up 2.5% and BSE Power closed with 4.75% gain over the week. The top Nifty gainers during the week were Tata Power, Jindal Steel, ICICI Bank and Maruti Suzuki while the biggest losers included Cairn India and BPCL.
LAST DAY SNAP SHOT:-
The markets made robust gains on Friday with all sectoral indices closing in the green. Capital goods, power, metal and banking were the best performers in today's session and realty, auto, consumer durables and FMCG, too, gained significantly. The Sensex closed at 17430, up 439 points from its previous close, and the Nifty shut shop at 5279, up 130 points. The CNX Midcap index was up 2.1%. The market breadth was positive with advances at 1093 against declines of 379 on the NSE. The top Nifty gainers were Jindal Steel, Tata Power, Sterlite Industries and BHEL while the biggest losers included Cairn India, BPCL and Coal India.
FII bought 65277 contracts of nifty future worth Rs.1568.34 cr and open interest increased by 142.80%, indicating fresh long addition into the system.
Nifty 5200 put added 2,281,100 shares in open interest.
Nifty 5300 put added 1,148,600 shares in open interest.
Nifty 5400 put added 666,400 shares in open interest.
Nifty 5400 call added 2,098,450 shares in open interest.
Nifty 5300 call added 329,250 shares in open interest. All this option data indicating fresh long have been made into the system. 5400 call has highest open interest in call side. Indicating that nifty will face resistance at 5400 level in near term.
Market has given robust jump on friday, and no unwinding from 5300 call and it is highly overbought on hourly and half hourly charts so retesting of 5240-5250 level is also possible before going 5400 in near term.
According to option data no need to jump to much. We may see once again a range bound session till at least first half of July. range would be 5100 - 5400.
As per Nifty EOD charts market is showing strong bullishness and Nifty will touch 5415 level very soon.
As I have discussed earlier about 5217 level. Market has jumped this level on Friday which was close on daily, weekly, and monthly basis, now suppose that if Nifty does not close below this level on monthly basis expect bull month rest of month of 2012. Under this situation 6000-6300-6500 can not be ruled out.
