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
=================================================
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
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
=================================================
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
