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
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
=================================================
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.
========================================================================
HIGH LOW CLOSE
LAST 5445.65 5305 5317
PREV 5462 5362 5380
L WEEK 5382 5171 5335
============================================
SWING INDICATORS
5D BUY AT 5430 REVERSAL 5305
10D BUY AT 5464 REVERSAL 5171
20D SELL AT 5222 REVERSAL 5630
============================================
INTRADAY SUPPORT AND RESISTANCE
S2-5215/S1-5266/ PIVOT -5356/R1- 5407/R2 -5496
