NIFTY CLOSED AT 5463.90 +34.40=0.063% FUTURE PREMIUM AT +42.20
5400 CE OI DECREASED -240000 CONTRACTS TOTAL OI 3533550
5500 CE OI DECREASED -91300 CONTRACTS TOTAL OI 4984950
5600 CE OI ADDED +741000 CONTRACTS TOTAL OI 6338650
5400 PE OI ADDED +285950 CONTRACTS TOTAL OI 5011700
5500 PE OI ADDED +639650 CONTRACTS TOTAL OI 360600
5600 PE OI ADDED +180050 CONTRACTS TOTAL OI 1496750
The markets closed with moderate gains today with banking and capital goods being the best performers. Power, FMCG and auto, too, made significant gains while realty and IT tried to pull the indices down. The Sensex closed at 17919, up 106 points from its previous close, and the Nifty shut shop at 5464, up 34 points. The CNX Midcap index closed with 0.7% gain while the BSE Smallcap index was down 0.3% in today's trade. The market breadth was negative with advances at 653 against declines of 791 on the NSE. The top Nifty gainers were PNB, BPCL, NTPC and Axis Bank while the biggest losers included TCS, JP Associates, Reliance Communications and Tata Steel.
As per option open interest data 5500 PE and 5600 CE added higest open interest, indicating market will face resistance around 5600 level in near future.I told you yesterday that 5440 level will break on only gap up move. nifty maintain today 5440 level. Market showed uncertainitydue to RBI credict policy meet tomorrow. both 5600CE and 5500 PE have been written today. Carefully watch of 5500 level of nifty future tomorrow.High volatility is expected next two days. Any break of 5440 spot nifty level this time bears may drag nifty upto 5200 level. tomorrow session will be considerable.
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HIGH LOW CLOSE
LAST 5499.40 5437.80 5463.90
PREV 5438.65 5390.80 5429.50
LWEEK 5382.05 5171.45 5333.55
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SWING INDICATORES
5D- BUY AT 5430 REVERSAL 5171
10D- BUY AT 5464 REVERSAL 5171
20D-SELL ST 5222 REVERSAL 5630
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INTRADAY SUPPORT AND RESISTANCE
S2-5405/S1-5434/PIVOT-5667/R1-5496/R2-5528
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MOVING AVRAGES
5D-5361/20D-5406/50D-5194/200D-5168
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52 WEEK HIGH---------5944.45
52 WEEK LOW----------4531.15