NIFTY CLOSED AT 5429.30. NIFTY FUTURE CLOSED AT 5487.30 PREMIUM UP BY MORE THAN 1%. NIFTY FUTURE OPEN INTEREST UP BY 107.24%. ALMOST 1% PREMIUM IN NIFTY FUTURE WE SEE IN NEXT SEREIS. BUT 1% PREMIUM IN THIS SEREIS AND OI ADDITION OF107.24% IN NIFTY FUTURE IS INDICATING SOMTHING.
WHAT IS INDICATING LETS CONSIDER OPTION OI DATA.
5300 CE -60550 TOTAL= 1220900// 5300PE+ 833600=5395550
5400CE +74700 TOTAL=1720650// 5400PE+293800 =3822150
5500CE+425350 TOTAL=3027300// 5500PE+83800=3016750
5600CE+ 264750 TOTAL=2810200
WE CLEARLY SEE THAT OPEN INTEREST IN PUT SIDE IS ALMOST DOUBLE THAN CALL SIDE IN 5300 AND 5400. NIFTY FUTURE PREMIUM AND 107.24% ADDITION IN NIFTY FUTURE IS INDICATING A BIG MOVE IS GOING TO HAPPEN. ACCORDING TO OPTION OI DATA WE FIND THAT PUT WRITERS ARE MORE CONFIDENT THAN CALL WRITERS. SO THESE ALL DRAMA IS INDICATING A BIG UP MOVE. BUT FROM WHERE IT WILL MOVE ? WE NEED TO BE ALERT AROUND 5400 LEVELS.
NIFTY AROUND 5400-5330 LEVEL FACE STRONG SUPPORT. ANY REVERSAL FROM THESE LEVELS AND CLOSING ABOVE 5500 SPOT WILL CONFIRM THE MOVE.
NIFTY HIGH LOW CLOSE
LAST 5521 5405 5429
WEEK LAST 5606.70 5357.40 5564.30
INDIA VIX -24.82
INTRADAY SUPPORT FOR NEXT DAY
S2-5383/S1-5336.20/PIVOT-5452/R1-5498/R2-5567
SIMPLE MOVING AVRAGE
5D-5518 / 20D-5382 / 50D-5037/ 200D-5178
5DAYS HIGEST CLOSE-5607.15 /LOWEST CLOSE --5429.30
20 DAYS HIGEST CLOSE 5607.15 / LOWEST CLOSE-5087.30
SWING TREND INDICATOR
5 DAYS -DOWN- EFFECTIVE PRICE AT 5429 REVERSAL 5630
10 DAYS-UP EFFECTIVE PRICE AT 4850 REVERSAL 5341
20 DAYS -UP EFFECTIVE PRICE AT 4850 REVERSAL 5077