NIFTY X-RAY REPORT FOR 22 MARCH

 NIFTY X-RAY REPORT FOR 22 MARCH
5200 CE OI DECREASED -449350 SHARES TOTAL OI 2400400
5300 CE OI DECREASED -623700 SHARES TOTAL OI 3894850
5400 CE OI ADDED-------   68600 SHARES TOTAL OI 6001400
5500 CE OI DECREASED -253300 SHARES TOTAL OI 6509450
5200 PE OI ADDED------ -340400 SHARES TOTAL OI 8196400
5300 PE OI ADDED------1096600 SHARES TOTAL OI 6818350
5400 PE OI ADDED------1506400 SHARES TOTAL OI 5153750
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Nifty closed at 5364.95(1.71%) up
As nifty has closed at 5364 consider this short term trend reversal, but still nifty is trading in a triangle. As per option open interest data further suggesting that this triangle will breakout upside.
As I told you in my previous post that it will be clear today that who is smarter either call writers or put writers. Ultimately put writers leading the match further. strick of the match is 5200PE. I told you that any close above 5290 you will get at least 200 points.
As per option open interest data 5300 PE added 1096600 new shares and 5400 PE added 1506400 new shares in open interest, indicating clearly that nifty may touch 5499 level again before expiry. Sudden change in open interest  near expirey will give more power to bulls. And one more interesting thing in open interest in this month we have been seeing that put side open interest was almost double through out the month.
As per RSI, SLOW STOCHASTIC and ROC has just moved upwards today to give support to  bulls further. Any close above 5450 we may see 5600 level again.NIfty has given closing above all its moving avrages today. There is any moving average resistance to pause nifty up move, only we need triangle break out to see nifty 5600 level.
US market is trading its all time high, so if  global market remain bullish we may touch 5900 level till 8 april.
                                                                        BUT
See below Data
FII activity in Equity +622.64 cr
FII activity in future -988.61 cr
DII activity in Equity -293.70 cr

Is that data creating a question in your mind?  Why FII sold 988.61 cr  in future segment?
Let me explain!!!!!!!!!!!!!!!!!!!
Total f&o turnover was 1.50 lakh cr. Today up side volume was more than down side volume, it means big players have bought aggressively today. nifty future open interest decreased by 6 lakh shares and it closed almost 90 points up indicating shorts have been covered today. So don't worry be happy untill unless nifty give close below 5338.
INTRADAY SUPPORT AND RESISTANCE
S2-5214/S1-5289/PIVOT-5331/R1-5406/R2-5447
good luck 

NIFTY X- RAY REPORT FOR 21 MARCH

NIFTY X-RAY REPORT FOR 21 MARCH.
NIFTY CLOSED AT 5274.85(0.34%) UP
5100 PE OI ADDED 421050 SHARES TOTAL 7802050
5200 PE OI ADDED 1029550 SHARES TOTAL 8652700 
5200 PE OI ADDED 581450 SHARES TOTAL 6451500
5100 CE DECREASED -57450 SHARES TOTAL 1011850
5200 CE OI ADDED 60600 SHARES TOTAL 284900
5300 CE OI ADDED 397050 SHARES TOTAL 4601800
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As it was expected a volatile trading session, I shared my views with all of you in morning today.As per option open interest data it has changed today just opposite as it was yesterday. 5300 CE added 397050 new shares in open interest today and 1368650 shares yesterday. total 1765700 shares in just two days. 5200 PE added 1029550 new shares in open interest today and 971900 shares yesterday. total 2001450 shares. huge conflict between 5200 to 5300.....   so what next??????????
Question is if market has to go down who sold 5300 CE. IF market has to go up who sold 5200 PE. who is smarter???????????  No unwinding seen in both strike  price in  two days.
So firstly watch the tomorrow move. hope tomorrow move will be next trend decider. Gap down opening is expected due to global negative clue. Expect another volatile session tomorrow. Watch carefully 5230 level from where from two days market is reversing. Who is smart will be clear tomorrow either put writers or call writers.
As per RSI, and slow stochastic trend is in favor of bears.nifty strong support at 5192 level
Two condition will happen. Here no need to expect anything because market does not run on anybody's expect ion. firstly watch again 5230 level tomorrow. If market sustain here again tomorrow book profit in shorts and watch for clear breakout either above 5290 or 5170.If break 5230 it may fall till 5050 level. Now suppose if not happen this it must recover from 5230 level. Any close above 5290 you will get at least 200 points upside.NOW suppose If market close below 5170 you may get at least 120 points down from there.So don't be aggressive and trade technically.
GOOD LUCK
 INTRADAY SUPPORT AND RESISTANCE
S2-5204/S1-5239/PIVOT-5268/R1-5303/R2-5332.
   

NIFTY HAS FORMED FOUR BEARISH  CANDLE ON ITS EOD CHARTS. AS PER RSI, SLOW STOCHASTIC AND ROC IT IS IN SELL MODE. lAST TIME NIFTY HAS TAKEN SUPPORT AT 200 DMA AND REVERSE SHARPLY. WILL NIFTY THIS TIME WILL TAKE SUPPORT AT THE SAME LEVEL?............... ANSWER IS NO..........
AS PER OPTION OPEN INTEREST DATA
YESTERDAY 5300 CALL ADDED 1368650 SHARES WITH TOTAL  OPEN INTEREST AT 4265650
5200 PUT ADDED 971900 SHARES WITH TOTAL OPEN INTEREST  AT 8233200 WHICH IS HIGHEST OPEN INTEREST IN OPTION SEGMENT.
 THE REAL WAR BETWEEN BULL AND BEAR YOU WILL SEE TODAY. A ANOTHER VOLATILE SESSION IS EXPECTED AROUND 200 DMA. NIFTY HAS A SUPPORT AT 5168. STRONG SUPPORT AT 5050.
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INTRADAY SUPPORT AND RESISTANCE
S2-5176/S1-5216/PIVOT-5278/R1-5318/R2-5380
FII ACTIVITY IN EQUITY +160.87CR
                              FUTURE -327.18CR
MUTUAL FUND ACTIVITY IN EQUITY -295.98CR

SNAPSHOT
The market closed with significant losses today and the Nifty closed below its psychologically important level of 5300. Realty, power, capital goods and banking were the biggest laggards in today's session while FMCG and healthcare provided support to the indices. The Sensex closed at 17273, down 193 points from its previous close, and the Nifty shut shop at 5257, down 61 points. The CNX Midcap index closed with 1% loss while the BSE Smallcap index was down 1.1% in today's trade. The market breadth was negative with advances at 421 against declines of 1027 on the NSE. The top Nifty gainers were ITC, Mahindra & Mahindra, Sun Pharma and Cairn India while the biggest losers included Reliance Infra, IDFC, BHEL and Reliance Power. 

NIFTY X-RAY REPORT FOR 19 MARCH

NIFTY X-RAY REPORT FOR 19 MARCH
NIFTY CLOSED AT 5317.90 -62.60 (- 1.16%)
5200 CE OI ADDED 283350 CONTRACTS TOTAL 2675680
5300 CE OI ADDED 262950 CONTRACTS TOTAL 2897000
5400 CE OI ADDED 497450 CONTRACTS TOTAL 4407500
5200 PE DECREASED -1322000 CONTRACTS TOTAL 7261000
5300 PE ADDED 32700 CONTRACTS TOTAL 6310350
5400 PE OI DECREASED - 74900 CONTRACTS TOTAL 4546900
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As per eod charts pattern Nifty has formed lower top pattern. It has given close at 5317 and made low at 5305 which is 34 EMA moving average support. But I dont think that it will act as support. RSI has  given closing below 50 and made a negative divergence. Short term traders just keep this level in mind any close below 5305 nifty may drag to 5230 level. we can grab opportunity of 70 points fall easily.
Option open interest data suggesting for bears. we have seen 5200 PE oi decreased by -1322000 contracts. profit booking  seen by 5200 PE writers. I expect a another volatile week for indian market.As per slow stochastic it is moving down and giving favor for bears. There is huge open interest in 5200 PE and weekly 34 EMA support is also around 5200. expect this level as strong support. any close below 5200 level nifty may drag to  much awaited level 5050. But its chances are very low because 5200 PE open interest is almost triple than 5200 CE.FII has bought 883.58 cr in equity market and 341.51 cr in future market.
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                                       HIGH           LOW              CLOSE
LAST                             5445.65        5305               5317
PREV                             5462             5362               5380
L WEEK                        5382             5171               5335
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SWING INDICATORS
5D BUY AT 5430 REVERSAL 5305
10D BUY AT 5464 REVERSAL 5171
20D SELL AT 5222 REVERSAL 5630
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INTRADAY SUPPORT AND RESISTANCE
S2-5215/S1-5266/ PIVOT -5356/R1- 5407/R2 -5496