Nifty Options trading analysis

1. FIIs bought 14480 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 433 cores with net Open Interest increasing by 5018 contracts.
2. As CNX Nifty Future was up by 4 points with Open Interest in Index Futures increasing by 5018, so FIIs have initiated  longs in Nifty and Bank Nifty Futures.Today was interesting as Bank Nifty remained in red for most part of session so Banks are under performing the nifty. So highs should be treated with caution.

3. NS closed at 24 month high 6010 after...

Continue Reading

NSE Nifty technical analysis and trading stratergy Part -I

Nifty and Sensex continued with there consolidation phase, positive takeaway from last week’s movement is that the Sensex is holding above 19,000 and the Nifty continues above 5,825 which gives bullish touch this phase of consolidation.  Another positive which can be taken from the last week trading activity is full subscription of  NMDC FPO with out much LIC help and full subscription of Bharti Infratel IPO.Not much satisfaction can be derived from the sharp increase in October industrial production numbers since it is mainly due to the low base last year. While consumer price inflation continued to be high, there was slight moderation in the Wholesale Price Inflation. Nifty F&O analysis is showing a bullish picture Lets discuss Nifty Trading Strategy for Next week.

 Nifty Hourly Chart

Nifty continues to trade below  the important ...

Continue Reading

Weekly Technical Analysis: NSE Nifty Part -I

After such an stupendous rise consolidation will be the name of game for the coming week, This is what we discussed last week analysis and Nifty made minor gains of 27 points in last week trading.
Industrial production on 12 Dec and wholesale price inflation numbers on 14 Dec would be seen with close eyes as these number will give Hint of RBI rate cut decision in December credit policy meet. Government’s ability to pass at least few of the pending bills on economic reforms in the ongoing parliamentary session and the response to the IPOs will also set the tone for trading in the week ahead.

Lets discuss Nifty Trading Strategy for December Month.

 Nifty Hourly Chart

I have discussed the importance of 50 HMSA ...

Continue trading