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4 August 2012
1 August 2012
NIFTY X-RAY REPORT FOR 2 AUGUST
LAST DAY SNAP SHOT:-
- The markets closed with moderate gains today with healthcare, capital goods and realty being the biggest gainers. Metal and oil & gas closed with significant losses. The Sensex closed at 17257, up 21 points from its previous close, and the Nifty shut shop at 5240, up 11 points. The CNX Midcap index was up 0.9% while the BSE SMALLCAP index gained 1.1% in today's trade. The market breadth was positive with advances at 947 against declines of 490 on the NSE.
CURRENT TECHNICAL SITUATION:-
NOTHING HAS CHANGE SPECIAL IN TECHNICAL CURRENTLY. NIFTY CLOSED ABOVE 13 and 34 EMA CONSECUTIVE THREE DAYS WHICH IS HIGHLY BULLISH SIGN AND GIVING INDICATION THAT PRICE MAY RISE MORE IN NEAR TERM. FIIS SOLD NIFTY FUTURE WORTH RS 59 CR AND OPEN INTEREST INCREASED AND FUTURE PRICE IS UP BY 16 POINTS, INDICATING SOME LONG HAS BEEN BOOKED BY FIIS HERE.
NIFTY 5200 PUT ADDED TODAY ALSO HUGE OPEN INTEREST. 5200 PUT ADDED 948,450 SHARES IN OPEN INTEREST AND 5200 CALL DECREASED 234,550 SHARES FROM OPEN INTEREST INDICATING THAT BULL WILL MAINTAIN ITS LEVEL ABOVE 5200 FURTHER. TODAY A ANOTHER INTERESTING THING SEEN IN MARKET THAT 5500 CALL ADDED 992,850 SHARES IN OPEN INTEREST TODAY WITH HIGHEST OPEN INTEREST ON CALL SIDE AT 6,383,350 INDICATING THAT CALL WRITERS ARE SLOWLY SHIFTING FROM 5400 -5500 CALL. THEY ARE THINKING THAT 5400 CALL WRITING IS NOT SAFE.
I HAVE TOLD YOU IN PREVIOUS REPORT THAT INCREASING IN OPEN INTEREST IN HIGHER STRIKE PRICE MAY INCREASE THE NIFTY RANGE. SMART MONEY ARE EXPECTING SOME MORE GAP UP MOVE ON NIFTY.
ANY TWO CONSECUTIVE CLOSE ABOVE 5300 NIFTY MAY JUMP TO 5500 LEVEL VERY SOON.
I HAVE BEEN SAYING SINCE SO MANY DAYS THAT GOOD GREAT RALLY IS AWAITING IN INDIAN MARKET BUT NON OF YOU BELIEVED. SGX NIFTY IS SHOWING CURRENTLY AT 5268. EXPECT 5300 TOUCHING TOMORROW.
5500 VERY SOON.
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31 July 2012
NIFTY X-RAY REPORT FOR 1 AUGUST
LAST DAY SNAP SHOT:-
The markets made a smart recovery in the afternoon to close with moderate gains and barring consumer durables, banking and power, all sectoral indices closed positive. Oil & gas, realty and metal were the biggest gainers in today's session and IT and healthcare, too, gained significantly. The Sensex closed at 17236, up 92 points from its previous close, and the Nifty shut shop at 5229, up 29 points. The CNX Midcap index was up 0.4% while the BSE Small cap index gained 0.1% in today's trade. The market breadth was positive with advances at 741 against declines of 657 on the NSE.
CURRENT TECHNICAL CONDITION:-
The markets made a smart recovery in the afternoon to close with moderate gains and barring consumer durables, banking and power, all sectoral indices closed positive. Oil & gas, realty and metal were the biggest gainers in today's session and IT and healthcare, too, gained significantly. The Sensex closed at 17236, up 92 points from its previous close, and the Nifty shut shop at 5229, up 29 points. The CNX Midcap index was up 0.4% while the BSE Small cap index gained 0.1% in today's trade. The market breadth was positive with advances at 741 against declines of 657 on the NSE.
CURRENT TECHNICAL CONDITION:-
As per Nifty EOD charts slow stochastic and RSI is rising up side giving indication for uptrend. Market took 14 days to fall from 5336 to 5030 but it recovered upto 5245 in just three trading session indicating aggressiveness towards upside.
Nifty 5200 put added 807,300 shares in open interest today and nifty 5200 put added 1,031.550 shares yesterday, more than 18 lac shares added in two days indicating that bull will try to save this level for coming session.
As I have written yesterday that bull will try to save 5217 level and I have told you that great rally is awaiting for indian market. Market closed at 5229 and now market has come in buy on every dips situation. Every 50-100 points correction should be buy till 5100 level.
5250-5260 will act as a minor resistance now after that 5300 level will act as seven month trend line resistance. Any two consecutive close above 5300 nifty will fly to 5445 level very soon.
Fii bought index future worth rs 187 cr and open interest increased by 0.7% indicating that fresh long has been entered into the system today.
Conclusion> Market is going towards 5500-5600 very soon. My expectation of 6000 level is still safe with confidence. We may see this level in next two or three months.
As I have written yesterday that bull will try to save 5217 level and I have told you that great rally is awaiting for indian market. Market closed at 5229 and now market has come in buy on every dips situation. Every 50-100 points correction should be buy till 5100 level.
5250-5260 will act as a minor resistance now after that 5300 level will act as seven month trend line resistance. Any two consecutive close above 5300 nifty will fly to 5445 level very soon.
Fii bought index future worth rs 187 cr and open interest increased by 0.7% indicating that fresh long has been entered into the system today.
Conclusion> Market is going towards 5500-5600 very soon. My expectation of 6000 level is still safe with confidence. We may see this level in next two or three months.
30 July 2012
NIFTY X-RAY REPORT FOR 31 JULY.
LAST DAY SNAP SHOT
The markets made robust gains today with all sectoral indices closing in the green. Realty, power, banking and capital goods were the best performers in today's session and metal, consumer durables and auto, too, closed with substantial upside. The Sensex closed at 17144, up 304 points from its previous close, and the Nifty shut shop at 5200, up 100 points.
CURRENT TECHNICAL SITUATION
A bullish gap up candlestick pattern has formed on nifty EOD charts indicating bullish indication for near term. As per slow stochastic indicator it was in over sold level and rising from lower level indicates trend reversal and stock may rise in near future. It has moved above 15 day Simple Moving Average after 12 days and it has hit two week high today.
As per Relative Strength Indicator (RSI), it was in over sold level. However, recent rise in price indicates trend reversal and stock may rise in near future.
Nifty 5200 put added 1031550 shares highest open interest today. Market has rise by 99 points and 5200 put price decreased by 51.30 points and open interest added 1 million indicating that 5200 put has been written. Nifty highest open interest on put side is in 5000 put and 5400 call has highest open interest Indicating that 5000 level will be act as strong and trend decider support. ON the up side 5400 open interest indicating near strong resistance.
So it is clear that market will move between 5000 to 5400 range in near term further. Any rise in open interest in next strike price will increase the range.
Today Fiis index future data is showing surprisingly in -28 cr. I think its was by mistake written by nse.
Market rise by 99 points and open interest increase by 4.4% indicating that fresh long has entered in market today.
Nifty has now next resistance around 5260-5270 level. There after no resistance upto 5400 level.
As I have been written earlier that a good great rally is awaiting in the market. I was expecting in last week but ban in 51 stock in fno and global negative concern pull the nifty down.
I think bull will try lot to protect 5217 level on monthly basis which i have discussed almost one month ago here. If market close above 5217 tomorrow, expect not touching 5200 level in rest of year. I expect 5250 level tomorrow before rbi meet. If any CRR cut news come from RBi. we may see another 100 points rally today.
I have also discussed earlier that we may see 6000 level in next two or three months. lets see which side market goes.
Long player be in long with stoploss at 5050 level.
The markets made robust gains today with all sectoral indices closing in the green. Realty, power, banking and capital goods were the best performers in today's session and metal, consumer durables and auto, too, closed with substantial upside. The Sensex closed at 17144, up 304 points from its previous close, and the Nifty shut shop at 5200, up 100 points.
CURRENT TECHNICAL SITUATION
A bullish gap up candlestick pattern has formed on nifty EOD charts indicating bullish indication for near term. As per slow stochastic indicator it was in over sold level and rising from lower level indicates trend reversal and stock may rise in near future. It has moved above 15 day Simple Moving Average after 12 days and it has hit two week high today.
As per Relative Strength Indicator (RSI), it was in over sold level. However, recent rise in price indicates trend reversal and stock may rise in near future.
Nifty 5200 put added 1031550 shares highest open interest today. Market has rise by 99 points and 5200 put price decreased by 51.30 points and open interest added 1 million indicating that 5200 put has been written. Nifty highest open interest on put side is in 5000 put and 5400 call has highest open interest Indicating that 5000 level will be act as strong and trend decider support. ON the up side 5400 open interest indicating near strong resistance.
So it is clear that market will move between 5000 to 5400 range in near term further. Any rise in open interest in next strike price will increase the range.
Today Fiis index future data is showing surprisingly in -28 cr. I think its was by mistake written by nse.
Market rise by 99 points and open interest increase by 4.4% indicating that fresh long has entered in market today.
Nifty has now next resistance around 5260-5270 level. There after no resistance upto 5400 level.
As I have been written earlier that a good great rally is awaiting in the market. I was expecting in last week but ban in 51 stock in fno and global negative concern pull the nifty down.
I think bull will try lot to protect 5217 level on monthly basis which i have discussed almost one month ago here. If market close above 5217 tomorrow, expect not touching 5200 level in rest of year. I expect 5250 level tomorrow before rbi meet. If any CRR cut news come from RBi. we may see another 100 points rally today.
I have also discussed earlier that we may see 6000 level in next two or three months. lets see which side market goes.
Long player be in long with stoploss at 5050 level.
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