NIFTY X- RAY REPORT FOR 16 JULY

 LAST WEEK SNAP SHOT:-

The markets closed with significant declines last week with all sectoral indices closing negative. The Sensex was down 1.6% and Nifty also lost 1.6% over the week. The CNX Midcap index closed with 1% loss, BSE Smallcap lost 1% while the Bank Nifty closed with 0.4% loss. The BSE Metal closed with 3% loss, BSE power closed with 2% loss and BSE Realty was down 0.6%. The BSE capital Goods closed with 0.7% loss, BSE Auto lost 2%, BSE Consumer Durables was down 3.2% and BSE IT closed with 4.8% loss. The top Nifty gainers during the week were ONGC, GAIL, BPCL and HDFC Bank while the biggest losers included Infosys, Wipro, Tata steel and Jindal steel.

LAST DAY SNAP SHOT:-

 The markets closed flat on Friday with realty, metal and consumer durables being the biggest losers. Power and IT, too, lost significantly and FMCG was the only sector that managed to close in the green. The Sensex closed at 17214, down 19 points from its previous close, and the Nifty closed  at 5227, down 8 points. CURRENT TECHNICAL SITUATION:-

Market touched two days 5217 level and closed above that level. FIIS sold nifty future worth Rs 39.3 Cr. and open interest increased by 2.1% indicating that some shorts have entered in the market but volume is too low. Nifty 5300 call added 837,800 new contracts in open interest and there is also huge open interest buildup seen in 5300 call on thursday session. 5400 call added 979,900 fresh shares in open interest. Nifty 5300 put decreased by 376250 shares from open interest. Huge open interest build up in 5300 and 5400 call frequently two days is a danger sign for call writers, and indicating up move fore next session.

As per nifty EOD chart RSI and slow stochastic indicator is in sell mode and indicating down move and Nifty has hit two week low on friday.

As i have written in my previous post that a good great rally is due in Indian  market, but non of you believed on my words and now after watching closing of all US and European market on Friday must would have started  thinking about up move. Some green signal from global front can lift nifty up. By seeing this rally many of analyst would start talking about up move in the market on Monday now.

Why I have always been alerted you about the coming trend or move of the market before time. I should always be like others and start writing after happening the events. But I am helpless my dear friends, this is my style and I cant change it. Don't be short in nifty above 5380. Any two close above 5300 this time market will give smart jump to 5422-5500. I have also told you that I expect expiry above 5400-5500. Sgx nifty is indicating at 5270 watch this level carefully sustaining above this level till 11 am on monday will jump to 5330 level in hours only.

    

 

NIFTY X-RAY REPORT FOR 13 JULY

 LAST DAY SNAP SHOT:-
The markets closed with significant losses today with IT taking severe beating. Tech, consumer durables, auto and capital goods were other sectors that closed with significant declines and oil & gas and realty were the only two sectors that managed to close in the green. The Sensex closed at 17233, down 257 points from its previous close, and the Nifty shut shop at 5235, down 71 points. The CNX Midcap index was down 0.3% while the BSE Smallcap index lost 0.7% in today's trade. The market breadth was negative with advances at 438 against declines of 986 on the NSE. The top Nifty gainers were JP ASSOCIATES, ONGC, HERO MOTO CORP and GAIL while the biggest losers was INFOSYS, WIPRO, BHARTI AIRTEL AND IDFC.
CURRENT TECHNICAL SITUATION:-
As per Nifty EOD charts Relative Strength Indicator (RSI) on daily charts was in over bought level indicating trend reversal. 
As per stochastic Indicator, on NIFTY daily charts has turned down and indicating down move further.
Spinning top Candlestick pattern has formed by on NIFTY daily chart today. As per EOD chart analysis it is indicating that price may correct more further in near term, but option data are saying something different.

FIIs sold Nifty future worth rs 415.52 cr and Nifty future down by 71 points and open interest increased by 0.1% indicating no major short has been entered into the system. As I have discussed earlier about the magic level 5217, Nifty touched today this level and bounced back and closed at 5235. 5217 level will be trend decider level for nifty for next session.

Nifty 5300 call added 1,089,400 contracts in open interest and 5300 put decreased by 321,450 shares from open interest. Two days back Nifty 5300 put added 1,268,500 shares in open interest and 5400 put added 1,138,300 shares in open interest. Nifty fall 130 points after touching 5360 level. Today again 5300 call added huge open interest indicating something is cooking again. FIIs have added 6680 cr rupees in cash market in July Month and they are still buying shares in cash market of our innocent Indian investors. They have bought 268.54cr. today also. I expect a big move is awaiting in Indian Market in very near term. And I also expect that all bad time has over or will over tomorrow. I expect again 5330-5340 level very soon. 

Hold longs.

STRONG TREND LINE RESISTANCE

NIFTY X -RAY REPORT FOR 11 JULY

 LAST DAY SNAP SHOT :-
after taking support at 5260 market jumped to 5360 level yesterday. The markets closed with significant gains today with all sectoral indices closing positive. The Sensex closed at 17618 (provisional), up 226 points from its previous close, and the Nifty closed at 5345 (provisional), up 70 points. The CNX Midcap index was up 1.3% while the BSE Smallcap index gained 0.8%. The market breadth was positive with advances at 930 against declines of 505 on the NSE.
CURRENT TECHNICAL SITUATION:-
As per Nifty Chart analysis Nifty is heeding towards 5422 at 76% Fibonacci level. Bullish marubozu Candlestick pattern has  formed on NIFTY EOD charts yesterday. And nifty  has hit three months high yesterday. As per RSI , NIFTY is in over bought territory with a value of 76.11 and, As per fast stochastic ,  NIFTY is in over bought range with a value of 98.74, and  As per slow stochastic , NIFTY is in over bought range with a value of 98.74.
Nifty future up by 80 points and open interest increased by 3.2%. price rising with rising in open interest indicating that more fresh long has buildup yesterday.
Nifty 5300 put added 1,268,500 shares in open interest and 5400 put added 1,138,300 shares in open interest. Nifty 5300 call shaded -790,500 shares from open interest, and Nifty 5400 call added 204,800 shares in open interest. On the call side Nifty is standing with highest open interest in 5400 strike price, indicating Nifty will face resistance near 5400 level. Nifty 5300 put oi added and 5300 call shaded indicating that 5300 put writers are still confident to write 5300 strike price. Even 5400 put seen writing yesterday. On the call side 5300 call writers are shifting to upper strike price and 5500 call oi is slightly increasing. All these data ia indicating clearly that more upside is due in the market in the current month series. A minor correction may come on intraday basis. Fiis are not going to miss  this rally. They keep continue buying in cash market.
Hold longs.

 
This is my humble request to my all subscriber that don't disturb your trading account till 20 months which you have started  trading on my recommendation with one lot or more, to enjoy real 32 lots trading in 20 months.
Thanks and regard
Rajesh singh

INCREASE YOUR MONTHLY INCOME UP TO 4 LAC

 
YOU MAY INCREASE YOUR MONTHLY INCOME UP TO 4 LAC IN JUST AFTER 20 MONTHS BY TRADING IN NIFTY FUTURE WITH RS. 50000.00 INVESTMENT.

YES, THIS IS RIGHT, TRUE AND TESTED.

If you have been trading since two or more than two years and earned nothing till now or your fund didn't growth according to your expectation. Well I would like to suggest you made a proper strategy, and don't trade yourself if you don't know how to trade otherwise you will washout your all money in few months and some time in weeks also. I have a strategy which may take you from 1 lot to 32 lots in just 20 months, and your income will be 4 lac( 400000) per month after 20 months. First trade only in Nifty future. Nifty future has enough liquidity to trade. Don't think about any stock trading or option trading.
HOW WILL POSSIBLE RS. 4 LAC PER MONTH ?

Lets understand 

Only 250 points per month in nifty future may take you to 32 lots in just 20 months.

How?
Lets understand this with a table below. I have made it of each 4 months slab.

MONTHS-LOTS- CAPITAL- POINT/LOT- INCOME/PM
0 to 3------01--------50000-----250 x1=250 -----12500.00
4 to 7------02----- --100000 ---250 x2=500------25000.00
8 to11-----04--------200000----250 x4=1000--- -50000.00
12to 15----08--------400000---250x 8=2000----100000.00
16 to 19---16--------800000----250x16=4000----200000.00
20 to 23---32-------1600000---250x32=8000----400000.00
200-250 points may gain every month easily without doing hectic and aggressive trading. Without taking too much risk of your capital. Small investors who come into stock market by carrying a dream that they will earn money, but happens just opposit according to ones expectation. This plan is famous among them in India. It is liked by thousands of people and even subscribed by hundreds of people who don't know how to trading. Protect your capital first and learn how to earn handsome money.
This is the only plan which may take you upto 4 lac per month income in just 20 Months with investment of Rs.50000.00 only.

If you don't know how to trade and if you don't have a proper strategy find a Mentor.

A mentor could be a family member, a friend, a past or current professor, co-worker, or any individual that has a fundamental understanding of the stock market. A good mentor is willing to answer questions, provide help, recommend useful resources, and keep spirits up when the market gets tough. All successful investors of the past and present have had mentors during their early days. Having a place to ask questions and receive answers is a huge asset for any new investor. In school asking questions to a teacher/instructor/professor or leveraging online stock forums there is always someone readily available to help the cause. MUDRAA.COM is a populer investing and trading forum which may help you in improving your trading.

If you don,t know how to trade consider Paid Subscriptions. Paying for research and analysis can be both educational and useful. Some investors may find watching or observing market professionals to be more beneficial than trying to apply newly learned lessons themselves. To subscribe contact
contact details are available on right side on home page.
GOOD LUCK.

NIFTY X-RAY REPORT FOR 10 JULY

 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.

Live Bindash up side for handsome reward in few days.

GOOD LUCK  

 
PS: If you like this article, don’t forget to Spread the word and let your friends know of this article/site so that all can benefit from our perspective.

NIFTY X-RAY REPORT FOR 09 JULY

 
LAST WEEK SNAP SHOT:-

It was a rangebound and volatile week for the Indian market which traded in no particular direction though the bias, as per experts, remain positive. Global uncertainties weighed heavily on the Indian market leading to cautious trade. Banks this week posted the highest level since April 19 though FMCG and oil & gas sectors came under some pressure. This week's performance was average and the numbers are: Sensex up 0.4% and Nifty up 0.7%. CNX Midcap index was up 2.3%, BSE Smallcap index up 4.9% over the week. BSE Metal index was up 2.8%, BSE FMCG index down 2.1%, BSE Bankex up 3%, BSE IT index down 1.2% and BSE Auto index up 1%.

LAST DAY SNAP SHOT:-

The Indian market closed the last trading day of the week on a quiet note after a day of choppy and flat trade. Today. It was a day of consolidation for the Indian market which opened up soft and traded range bound throughout. Capital goods and commodity stocks saw unwinding pressure and IT sector, too, dragged the market down. Banks, however, lent some support. Sensex closed at 17521, down 17 points and Nifty at 5316, down 10 points from the previous close. CNX Midcap index was down 0.7% and BSE Smallcap index was down 0.2%. The market breadth was negative with advances at 574 against declines of 894 on the NSE. Top Nifty gainers were ICICI Bank, Mahindra & Mahindra and HUL while losers included Jindal Steel & Power, Sesa Goa and Maruti Suzuki.

CURRENT TECHNICAL SITUATION:-

As per daily and weekly charts nifty is in strong bullish mode. Bearish harami Candlestick pattern has formed on NIFTY daily chart on 06/07/2012. Doji candlestick pattern has formed on Nifty weekly chart.
As per RSI, NIFTY is in over bought territory with a value of 83.72 on daily chart. 
As per fast stochastic ,NIFTY is in over bought range with a value of 94.15 on daily chart.
As per slow stochastic, NIFTY is in over bought range with a value of 94.15, indicating reversal may happen any day, but still it has not given any reversal sign So don't jump here until it give any indication. 
Bullish engulfing Candlestick pattern was formed on  NIFTY daily chart on 05/07/2012 Prior to pattern formation this share is in uptrend.
NIFTY is moving  above 50,100 and, 200 days Simple Moving Average.

                           Currently situation is same as it was at the level of 5090. Same thing is happening in market as happened at 5090 level. Nifty touched two times 5288 level and bounced back and facing resistance at 5340 level. Nifty has closed above 61.8% Fibonacci  level since two days which is indicating strong position in market. If we consider  Nifty monthly Line chart we will find that Nifty has formed head and shoulder pattern on the chart and ready to go up to left shoulder level. Nifty slow stochastic, RSI, ROC, and money flow index is supporting for up move on the monthly chart and it is indicating for target of  6000. There is a another strong bullish sign that Nifty has crossed above 20 EMA (mid bollinger line) on monthly chart. There is a bullish divergence also going to happen on monthly slow stochastic charts.  But there is a strong resistance around 5422 level where 76% Fibonacci level comes also. If reversal come may happen from this level. Any two consecutive close above 5422 level market will jump to 5600 level within few session. Nifty is overbought on daily and weekly charts any close below 5290 level may slip to 5217-5180 level. For up move Nifty should not close below 5217 level on monthly closing basis.  If market comes around 5217-5180 level there would be buying opportunity in index and stock specific counter also. I highly expect that Market is going towards 6000 in next two three months. Any close below 5217 on monthly basis may terminate above bullish view.  

FIIs sold index future worth rs -329.68 and open interest decreased by -1.5%, indicating that partial long has been booked at current level.

Nifty5300 put added 66,650 fresh shares in open interest and 5300 call added 250,800 shares in open interest. Nifty 5500 call added highest 779,050 shares in open interest and Nifty 5100 put added highest 608,550 shares in open interest. Nifty fell 10 points and 5300 call fell 13.40 points with the addition of 250,800 new shares in open interest, indicating 5300 call have been written on Friday buy put prices has not been increased comparatively market fall, indicating fall is limited.

Conclusion : Be long untill Nifty is above 5290 level on closing basis. And buy again if nifty comes around 5200 level . Trend is strong.

OPEN INTEREST AND VOLUME

Open interest is the total number of options and/or futures contracts that are not closed or delivered on a particular day. Open interest is NOT the same thing as volume of options and futures trades
    TIME                   TRADING ACTIVITY                 OPEN INTEREST
Jan 1            A buy 1 option and B sell 1 option               1
Jan 2            C buy 1 option and D sell 5 option              2
Jan 3            A sell his 1 option and D buy 1 option        5
Jan 4            E buy 5 option and C sell his 5 option         5
         

• On Jan 1, A buys an option, which leaves an open interest and also creates trading volume of 1
• On Jan 2, C and D create trading volume of 5 and there are also 5 more options left open
• On Jan 3, A takes an offsetting position and therefore open interest is reduced by 1, and trading volume is 1
• On Jan 4, E simply replaces C and therefore open interest does not change, trading volume increases by 5.

Open interest, the total number of open contracts on a security, applies primarily to the futures market. It is often used to confirm trends and trend reversals for futures and options contracts.

What Open Interest Tells Us

A contract has both a buyer and a seller, so the two market players combine to make one contract. The open-interest position that is reported each day represents the increase or decrease in the number of contracts for that day, and it is shown as a positive or negative number. An increase in open interest along with an increase in price is said to confirm an upward trend. Similarly, an increase in open interest along with a decrease in price confirms a downward trend. An increase or decrease in prices while open interest remains flat or declining may indicate a possible trend reversal.

Rules of Open Interest

• If prices are rising and open interest is increasing at a rate faster than its average, this is a bullish sign. More participants are entering the market, involving additional buying, and any purchases are generally aggressive in nature
• If the open-interest numbers flatten following a rising trend in both price and open interest, take this as a warning sign of an impending top
• High open interest at market tops is a bearish signal if the price drop is sudden, since this will force many 'weak' longs to liquidate. Occasionally, such conditions set off a self-feeding, downward spiral
• An unusually high or record open interest in a bull market is a danger signal. When a rising trend of open interest begins to reverse, expect a bear trend to get underway
• A breakout from a trading range will be much stronger if open interest rises during the consolidation. This is because many traders will be caught on the wrong side of the market when the breakout finally takes place. When the price moves out of the trading range, these traders are forced to abandon their positions. It is possible to take this rule one step further and say the greater the rise in open interest during the consolidation, the greater the potential for the subsequent move
• Rising prices and a decline in open interest at a rate greater than the seasonal norm is bearish. This market condition develops because short covering and not fundamental demand is fueling the rising price trend. In these circumstances money is flowing out of the market. Consequently, when the short covering has run its course, prices will decline
• If prices are declining and the open interest rises more than the seasonal average, this indicates that new short positions are being opened. As long as this process continues it is a bearish factor, but once the shorts begin to cover it turns bullish
• A decline in both price and open interest indicates liquidation by discouraged traders with long positions. As long as this trend continues, it is a bearish sign. Once open interest stabilizes at a low level, the liquidation is over and prices are then in a position to rally again.

If prices are rising and the volume and open interest are both up, the market is decidedly strong. If the prices are rising and the volume and open interest are both down, the market is weakening. Now, if prices are declining and the volume and open interest are up, the market is weak, but when prices are declining and the volume and open interest are down, the market is gaining strength.

Volume and open interest

Used in conjunction with open interest, volume represents the total number of shares or contracts that have changed hands in a one-day trading session in the commodities or options market. The greater the amount of trading during a market session, the higher the trading volume. A new student to technical analysis can easily see that the volume represents a measure of intensity or pressure behind a price trend. The greater the volume the more we can expect the existing trend to continue rather than reverse.
Volume precedes price, which means that the loss of either upside price pressure in an uptrend or downside pressure in a downtrend will show up in the volume figures before presenting itself as a reversal in trend on the bar chart. The rules that have been set in stone for both volume and open interest are combined because of their similarity; however, having said that, there are always exceptions to the rule, and we should look at them.
PRICE                VOLUME        OPEN INTEREST         MARKET
RISING                UP                       UP                            STRONG
RISING               DOWN                 DOWN                       WEAK   
DECLINING       DOWN                 DOWN                       WEAK  
DECLINING       DOWN                 DOWN                     STRONG

So, price action increasing in an uptrend and open interest on the rise are interpreted as new money coming into the market (reflecting new buyers) and is considered bullish. Now, if the price action is rising and the open interest is on the decline, short sellers covering their positions are causing the rally. Money is therefore leaving the marketplace and is considered bearish.
If prices are in a downtrend and open interest is on the rise, chartists know that new money is coming into the market, showing aggressive new short selling. This scenario will prove out a continuation of a downtrend and a bearish condition. Lastly, if the total open interest is falling off and prices are declining, the price decline is being caused by disgruntled long position holders being forced to liquidate their positions. Technicians view this scenario as a strong position technically because the downtrend will end as all the sellers have sold their positions. The following chart therefore emerges:
Bullish- an increasing open interest in rising market
Bearish:- a declining open interest in a rising market
Bearish:- an increasing open interest in a falling market
Bullish:- a declining open interest in a falling market

MARKET OUTLOOK.

 As I have discussed earlier about the nifty level 5217. It has given closing above 5217 on monthly basis, so I don't expect that market will close now bellow this level on monthly basis rest of the year.

If market does not close below this level expect nifty touching 5900-6000-6300 level in rest of month of 2012. So every 200 points dip will be buying opportunity for the minimum target of 6000 level.

SAIL

BUY STEEL AUTHORITY OF INDIA LIMITED (SAIL) AROUND 94.00  HOLD FOR 10-15 DAYS TARGET 105.

NIFTY X-RAY REPORT FOR 06 JULY

 LAST DAY SNAP SHOT:-
The market started trading range bound through out the day but closed with moderate gains today with banking being the biggest gainer. The Sensex closed at 17539 up 76 points from its previous close, and the Nifty closed at 5327 up 25 points. The CNX Midcap index was up 0.8% while the BSE Smallcap  index gained 1.6%. The market breadth was positive with advances at 1055 against declines of 417 on the NSE.


CURRENT TECHNICAL SITUATION:-

As per Nifty daily and weekly charts it is in strong bullish mode.Bullish engulfing Candlestick pattern has formed by NIFTY today Prior to pattern formation this share was in uptrend.

Share has hit one month high on 05/07/2012
As per RSI , S&P CNX NIFTY is in over bought territory with a value of 71.43 
As per fast stochastic , S&P CNX NIFTY is in over bought range with a value of 97.82 
As per slow stochastic , S&P CNX NIFTY is in over bought range with a value of 97.82 

NIFTY is moving above 50, 100 and 200 days Simple Moving Average comfortably. On Daily Eod chart RSI and Slow stochastic indicator is showing overbought but yet not given any reversal signal.

FII bought  Index future worth rs 124 cr and nifty open interest increased by 2.0% indicating fresh long has entered into the system.

Nifty 5300 put added highest 952,300 shares in open interest. 5300 put price has decreased by 7.90 rupees and open interest increased by 952300 shares, indicating that even 5300 put have been written comfortably for the next trading session. Nifty 5400 call standing with highest open interest at 6,774,750 shares on the call side with addition of 372,000 new shares along with price increasing with 4.30 rupees, indicating clearly that 5400 calls have buying interest. These option data are supporting for bull move.

Now lets consider Fibonacci level on charts.

5630-4770=860 points

4770--- 61.8% retracement level comes at 5302 which has comfortably 
crossed by Nifty yesterday. Now 76% retracement  level comes at
 5422. All indicators and option and Fii data is indicating to touch this
 level. I have posted in my previous post a nifty 2 year charts, If we
 consider that chart we will find that Nifty has recovered almost 76% 
of its every big fall wave. Currently there are different views on 
nifty wave analysis at current level. Investors  should cautious about
 5422 level. Market may reverse from that level. If reversal does
 not come at that level expect nifty 100% recovery in this month. 

What are the signals which indicating reversal may happen from 
5422 levels?

1. On daily charts RSI and stochastic are overbought.

2. On weekly charts slow stochastic are in overbought.

3. Nifty will acheave 76% Fibonacci level.

4. One year weekly long term falling trend line is coming near 5422 
level.

These all are indicating 150-200 points reversal may come from 5422
 level into the system.

Overall trend is bullish.

Enjoy trade and trade without being aggressive, you may reach 1 lot
 to 32 lots of nifty in just 20

 months.

Good luck.

NIFTY WAVE POSSIBILITY

CLICK ON CHART FOR LARGER VIEW

NIFTY X-RAY REPORT FOR 04 JULY

 NIFTY X-RAY REPORT FOR 04 JULY
  LAST DAY SNAP SHOT:-
 Real estate, metals and banks help the market close in the green after a lackluster session which saw the indices trade flat for most part. The range for the day was a mere 40 point with infrastructure keeping the market down. Sensex closed at 17425, up 26 points and Nifty at 5287, up 9 points from the previous close. CNX Midcap index was up 0.6% and BSE small cap index was up 0.8%. The market breadth was positive with advances at 893 against declines of 560 on the NSE. Top
CURRENT TECHNICAL SITUATION :-
FII bought nifty future worth rs 416.35 and open interest increased by 2.9% indicating more longs have entered into the system.
Nifty 5400 call added fresh 510,800 shares in open interest which is highest addition in calls side.
Nifty 5300 put added fresh 479,150 shares in open interest which is highest addition in put side.
Nifty 5300 call added fresh 306,550 shares in open interest.
AS per above option data indicating that 5300 and 5400 calls have been written confidently. today total calls open interest is up by 4.2%. put open interest increased by 3.2%.Today call have written much than puts. 
There is distributed views according to option data.
As per Daily and weekly EOD charts Nifty is in overbought zone may give 100-150 points correction any days any time before going 5400 level, I expect. India vix index is at 18.56 it is almost at low indicating market may reverse any day.
Longs player be cautious at this level and can book profit around 5360 level.

NIFTY CHART ANALYSIS

 

CLICK ON CHART FOR ITS LARGER VIEW.

NIFTY X-RAY REPORT FOR 03 JULY.

 NIFTY X-RAY REPORT FOR 03 JULY.
LAST DAY SNAP SHOT:-
The markets traded range bound throughout the day and closed flat. Realty, consumer durables, capital goods and banking were the biggest gainers in today's session while FMCG and auto were the biggest losers. The Sensex closed at 17399, down 31 points from its previous close, and the Nifty closed at 5279, no change. The CNX Midcap index was up 1% while the BSE Smallcap index gained 1.1% in today's trade. The market breadth was positive with advances at 974 against declines of 481 on the NSE.
CURRENT TECHNICAL CONDITION:-
FII sold nifty future worth rs 41.97 cr and open interest increased by 1.7% indicating they have partial booked profit in nifty future.
Nifty 5400 call 5269550 shares standing with highest open interest with addition of  661350 new shares in open interest.
Nifty 5300 call added 669,300 new shares in open interest and 5300 put added 254,850 new shares in open interest. Nifty 5200 put seen highest addition 853,400 shares in open interest.
Overall total call option open interest increased by 7.6% and total put option open interest increased by 4.8%. Nifty future volume decreased by 43.5% today.
As per above data indicating that after a sharp jump market is in mood to take some rest here. As per EOD chart indicating that market is moving towards 5400 where nifty will complete 70% retresment also.  

 LETS GO FROM 1 TO 32 LOTS IN JUST 20 MONTHS.
HOW WILL IT POSSIBLE AND WHAT WILL BE INCOME ?
Only 250 points per month in nifty future may take you to 32 lots in just 20 months.
How?
Lets understand this with a table below. I have made each 4 months slab.
MONTHS-LOTS- CAPITAL- POINT/LOT- INCOME/PM
0 to 3------01--------50000-----250 x1=250 -----12500.00
4 to 7------02----- --100000 ---250 x2=500------25000.00
8 to11-----04--------200000----250 x4=1000--- -50000.00
12to 15----08--------400000---250x 8=2000----100000.00
16 to 19---16--------800000----250x16=4000----200000.00
20 to 23---32-------1600000---250x32=8000----400000.00
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NIFTY X-RAY REPORT FOR 2 JULY.

 NIFTY X- RAY REPORT FOR 02 JULY.

LAST WEEK SNAP SHOT:-
The markets closed with substantial gains last week with all sectoral indices closing positive. The Sensex was up 2.7% and Nifty also gained 2.7% over the week. The CNX Midcap index closed with 3% gain, BSE smallcap gained 2.2% while the Bank Nifty closed with 3.2% gain. The BSE Metal closed with 4% gain, BSE Oil & Gas was up 2.5% and BSE Power closed with 4.75% gain over the week. The top Nifty gainers during the week were Tata Power, Jindal Steel, ICICI Bank and Maruti Suzuki while the biggest losers included Cairn India and BPCL.
LAST DAY SNAP SHOT:-
The markets made robust gains on Friday with all sectoral indices closing in the green. Capital goods, power, metal and banking were the best performers in today's session and realty, auto, consumer durables and FMCG, too, gained significantly. The Sensex closed at 17430, up 439 points from its previous close, and the Nifty shut shop at 5279, up 130 points. The CNX Midcap index was up 2.1%.  The market breadth was positive with advances at 1093 against declines of 379 on the NSE. The top Nifty gainers were Jindal Steel, Tata Power, Sterlite Industries and BHEL while the biggest losers included Cairn India, BPCL and Coal India.  
FII bought 65277 contracts of nifty future worth Rs.1568.34 cr and open interest increased by 142.80%, indicating fresh long addition into the system.
Nifty 5200 put added 2,281,100 shares in open interest.
Nifty 5300 put added 1,148,600 shares in open interest.
Nifty 5400 put added 666,400 shares in open interest.
Nifty 5400 call added 2,098,450 shares in open interest.
Nifty 5300 call added 329,250 shares in open interest. All this option data indicating fresh long have been made into the system. 5400 call has highest open interest in call side. Indicating that nifty will face resistance at 5400 level in near term.
Market has given robust jump on friday, and no unwinding from 5300 call and it is highly overbought on hourly and half hourly charts so retesting of 5240-5250 level is also possible before going 5400 in near term.
According to option data no need to jump to much. We may see once again a range bound session till at least first half of July. range would be 5100 - 5400.
As per Nifty EOD charts market is showing strong bullishness and Nifty will touch 5415 level very soon.
As I have discussed earlier about 5217 level. Market has jumped this level on Friday which was close on  daily, weekly, and monthly basis, now suppose that if Nifty does not close below this level on monthly basis expect bull month rest of month of 2012. Under this situation 6000-6300-6500 can not be ruled out.