NIFTY X-RAY REPORT FOR 10 SEPT
MARKET GAVE A ROBUST PUNCH ON FRIDAY. NOW BAT IS IN BULL'S HAND AND BEAR WILL HAVE TO WAIT TO BAT UNTIL NIFTY BREAK 5217 LEVEL, TILL THAN BEAR WILL DO FIELDING. POSITIVE GLOBAL CLUE WILL DO BLASTING BATTING FOR BULL AND EXPECTED, IT WILL MAKE 2 MORE CENTURY. S&P AND NASDAQ IS AROUND MULTI YEAR HIGH SO IT IS HIGHLY EXPECTED THAT OUR INDIAN MARKET WILL ALSO TRY TO SAVE ITS IMAGE AND EXPECTED THAT IT WILL KISS AT LEAST 5630.
FII DERIVATIVES STATISTICS OF 07-Sep-2012
FII BOUGHT INDEX FUTURE WORTH RS 651.86
FII BOUGHT INDEX OPTION WORTH RS. 1969.06
FII BOUGHT STOCK FUTURE WORTH RS. 675.03
FII BOUGHT STOCK OPTION WORTH RS. 1.82
FII BOUGHT IN CASH MARKET WORTH RS.550.0 CR
ALL THIS ABOVE DATA INDICATES THAT FII IS IN FULL MOOD TO LIFT NIFTY UP. FII BOUGHT INDEX AND INDEX OPTION AFTER TWO WEEKS. NIFTY 5300 PUT OPEN INTEREST ADDED HUGE 18 LAKH SHARES IN OPEN INTEREST AND 5300 CALL DECREASED MORE THAN 14 LAKH SHARES FROM OPEN INTEREST, INDICATING THAT 5300 LEVEL IS STRONG BASE FOR NIFTY NOW IN NEAR TERM.
NOW LETS ANALYSIS THE DAILY CHART WHICH IS GIVEN BELOW. NIFTY TOOK SUPPORT RIGHT AT INCREASING TREND LINE WHICH IS COMING FROM 4770 AND LOWER BOLINGER BAND. NIFTY TOOK SUPPORT NEAR 50 % RETRACEMENT LEVEL AND IT JUMPED AND OPENED STRAIGHT AT 61.8% LEVEL AND CLOSED ABOVE THIS LEVEL WHICH IS VERY BULLISH SIGN NOW THERE IS A RESISTANCE ON THE WAY AROUND 78% LEVEL WHICH IS AT 5448 BUT 40-50 POINTS CORRECTION ON INTRADAY DAY BASED MAY HAPPEN FROM 5400 LEVEL. ANY CLOSING ABOVE 5448 THIS TIME NIFTY WILL TRY TO KISS ITS 52 WEEK HIGH WHICH IS AROUND 5630. BULLS MAY KEEP STOPLOSS NOW AT 5305 LEVEL. BEARS SHOULD WAIT TILL 5217 LEVEL TO DO FRESH SHORT. THOSE WHO HAVE MISSED RALLY CAN INITIATE FRESH BUY IF THEY GET OPPORTUNITY AROUND 5320-30.
MARKET GAVE A ROBUST PUNCH ON FRIDAY. NOW BAT IS IN BULL'S HAND AND BEAR WILL HAVE TO WAIT TO BAT UNTIL NIFTY BREAK 5217 LEVEL, TILL THAN BEAR WILL DO FIELDING. POSITIVE GLOBAL CLUE WILL DO BLASTING BATTING FOR BULL AND EXPECTED, IT WILL MAKE 2 MORE CENTURY. S&P AND NASDAQ IS AROUND MULTI YEAR HIGH SO IT IS HIGHLY EXPECTED THAT OUR INDIAN MARKET WILL ALSO TRY TO SAVE ITS IMAGE AND EXPECTED THAT IT WILL KISS AT LEAST 5630.
FII DERIVATIVES STATISTICS OF 07-Sep-2012
FII BOUGHT INDEX FUTURE WORTH RS 651.86
FII BOUGHT INDEX OPTION WORTH RS. 1969.06
FII BOUGHT STOCK FUTURE WORTH RS. 675.03
FII BOUGHT STOCK OPTION WORTH RS. 1.82
FII BOUGHT IN CASH MARKET WORTH RS.550.0 CR
ALL THIS ABOVE DATA INDICATES THAT FII IS IN FULL MOOD TO LIFT NIFTY UP. FII BOUGHT INDEX AND INDEX OPTION AFTER TWO WEEKS. NIFTY 5300 PUT OPEN INTEREST ADDED HUGE 18 LAKH SHARES IN OPEN INTEREST AND 5300 CALL DECREASED MORE THAN 14 LAKH SHARES FROM OPEN INTEREST, INDICATING THAT 5300 LEVEL IS STRONG BASE FOR NIFTY NOW IN NEAR TERM.
NOW LETS ANALYSIS THE DAILY CHART WHICH IS GIVEN BELOW. NIFTY TOOK SUPPORT RIGHT AT INCREASING TREND LINE WHICH IS COMING FROM 4770 AND LOWER BOLINGER BAND. NIFTY TOOK SUPPORT NEAR 50 % RETRACEMENT LEVEL AND IT JUMPED AND OPENED STRAIGHT AT 61.8% LEVEL AND CLOSED ABOVE THIS LEVEL WHICH IS VERY BULLISH SIGN NOW THERE IS A RESISTANCE ON THE WAY AROUND 78% LEVEL WHICH IS AT 5448 BUT 40-50 POINTS CORRECTION ON INTRADAY DAY BASED MAY HAPPEN FROM 5400 LEVEL. ANY CLOSING ABOVE 5448 THIS TIME NIFTY WILL TRY TO KISS ITS 52 WEEK HIGH WHICH IS AROUND 5630. BULLS MAY KEEP STOPLOSS NOW AT 5305 LEVEL. BEARS SHOULD WAIT TILL 5217 LEVEL TO DO FRESH SHORT. THOSE WHO HAVE MISSED RALLY CAN INITIATE FRESH BUY IF THEY GET OPPORTUNITY AROUND 5320-30.
