NIFTY X- RAY REPORT FOR 10 JULY:-
LAST DAY SNAP SHOT:-
The markets lost significantly today with all sectoral indices closing in the red. Metal, power, auto and realty were the biggest losers in today's session and capital goods and consumer durables, too, lost significantly. The Sensex closed at 17392, down 129 points from its previous close, and the Nifty shut shop at 5275, down 42 points. The CNX Mid cap index was down 1.5% while the BSE Smallcap index lost 1.1% in today's trade. The market breadth was negative with advances at 420 against declines of 1031 on the NSE.
CURRENT TECHNICAL SITUATION
Nifty 5300 call added huge 1,289,350 shares in open interest, and 5400 call added 736,500 shares in open interest. 5200 put added 165,100 shares in open interest in falling prices indicating that 5200 level will create a strong support zone for market in near term. Huge addition in 5300 call. what is this? is this buying or writing. Just three days back 5300 put added 1 million open interest at 5335 level and market fell almost 85 points from that level within two days. Yesterday 5300 call and 5400 call added 2 million shares in open interest. What has done it will be clear today. I think It is buying by smart money.
FIIs bought Index future worth Rs. 64.71 CR, Index fall 0.90% and open interest decreased by -2.6% indicating clearly long has been unwinding in last session and no indication of fresh short because there is buying in cash and future segment By FIIs.
As per Nifty EOD charts Three inside down Candlestick pattern was formed by NIFTY on yesterday Prior to pattern formation the index was in uptrend.
Index has hit two week low yesterday. As per RSI, NIFTY is in over bought territory with a value of 62.82. As per slow stochastic , S&P CNX NIFTY is in over bought range with a value of 64.93 indicating further down move. I highly expect that Market is strong. yesterday move was trapping or real fall will confirm move above 5300 level again. Option data is saying something is cooking in the market. If market bounce from here above 5300 level this time will kiss 5370 level.
LAST DAY SNAP SHOT:-
The markets lost significantly today with all sectoral indices closing in the red. Metal, power, auto and realty were the biggest losers in today's session and capital goods and consumer durables, too, lost significantly. The Sensex closed at 17392, down 129 points from its previous close, and the Nifty shut shop at 5275, down 42 points. The CNX Mid cap index was down 1.5% while the BSE Smallcap index lost 1.1% in today's trade. The market breadth was negative with advances at 420 against declines of 1031 on the NSE.
CURRENT TECHNICAL SITUATION
Nifty 5300 call added huge 1,289,350 shares in open interest, and 5400 call added 736,500 shares in open interest. 5200 put added 165,100 shares in open interest in falling prices indicating that 5200 level will create a strong support zone for market in near term. Huge addition in 5300 call. what is this? is this buying or writing. Just three days back 5300 put added 1 million open interest at 5335 level and market fell almost 85 points from that level within two days. Yesterday 5300 call and 5400 call added 2 million shares in open interest. What has done it will be clear today. I think It is buying by smart money.
FIIs bought Index future worth Rs. 64.71 CR, Index fall 0.90% and open interest decreased by -2.6% indicating clearly long has been unwinding in last session and no indication of fresh short because there is buying in cash and future segment By FIIs.
As per Nifty EOD charts Three inside down Candlestick pattern was formed by NIFTY on yesterday Prior to pattern formation the index was in uptrend.
Index has hit two week low yesterday. As per RSI, NIFTY is in over bought territory with a value of 62.82. As per slow stochastic , S&P CNX NIFTY is in over bought range with a value of 64.93 indicating further down move. I highly expect that Market is strong. yesterday move was trapping or real fall will confirm move above 5300 level again. Option data is saying something is cooking in the market. If market bounce from here above 5300 level this time will kiss 5370 level.
Live Bindash up side for handsome reward in few days.
GOOD LUCK
