Nifty & Derivative Data Analysis for 23rd Oct

  • FII’s bought 1977 contracts of index futures worth of 148.79 crores and net OI decreased by 1015 contracts.
  • FII’s sold 1331 crores of index option and 80.18 crores stock options and they bought 54.43 crores of stock options.
  • In cash market FII’s sold 48.33 crores value of shares and DII’s bought 138.73 crores value of shares.
  • Nifty 8300 CE OI is at 59.99 lakh with liquidation of 0.59 lakh OI, 8400 CE OI is at 44.75 lakh with liquidation of 0.59 lakh OI. There is some resistance at 8300.
  • 8200 PE OI is at 56.09 lakh with addition of 5.73 lakh OI, 8100 PE OI is at 49.43 lakh with addition of 8.42 lakh OI. 8200 is the strong support now.
  • Nifty futures closed at 8262 (0.1%) and OI is at 1.90 crore with liquidation of 5 lakh. Some distribution is happening near to 8300 levels.
Market ended with marginal losses on Wednesday extending its losing streak to the second consecutive trading session. After opening with a slight positive bias, Nifty was just shy of the 8300 mark. Nifty opened at 8258 hitting a high of 8294 and low of 8217, before signing off with a loss of 10 points at 8252. There is some selling pressure around 8300. On the downside as of now 8200 is the strong support.
Nifty Spot Trading Levels                                                                                    

The recommendations made here is not an offer to sell or a solicitation to buy any of the securities mentioned. Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations. Calls are based only on technical studies. Stop-loss is an essential risk control mechanism; it should always be there. 
Next Post »


Write comments
epic research
27 October 2015 at 12:24 delete

Your every post is perfect with strong technical analysis which shows the effort of the research analyst to generate Perfect MCX tips.