02-08-2010 to 06-08-2010, WEEKLY TREND

I expect NIFTY SPOT to trade rangebound. New series started with light OI indicating traders are not confident about further up move. NIFTY SPOT will face R 5410-5420, 5440-50. I will prefer to watch 5440-50 levels for further up move. Failed to cross these levels will attract fresh shorts in market. On contrary sustainable up move above these levels will open door for fresh up move which looks difficult in current situation. On up side, NIFTY SPOT strong R 5480-90. NIFTY SPOT will take S 5280-90. Break below 5270 levels will warn about possible correction. NIFTY SPOT strong S 5220-30 for next week. Stock specific action will remain in market.


Sunday, January 17, 2010

18.01.2010 over all trend

1) Total OI of NIFTY FUT up 4.78% NIFTY JAN FUT closed flat last week
    showing shorts build up. 5 points premium decreased to 2 points premium
    (-3 points) compare to NIFTY SPOT last week.
2) Out of NIFTY 50 STOCK FUTS, 15 STOCK FUTS closed positive, 23
    STOCK FUTs closed negative and 12 STOCK FUTs close flat last week.
3) OI of JAN series 5200 CE is up 8.07% prices down 22% showing call
    writing. OI of JAN series 5300 CE is up 27.78% prices down 39.89%
    showing aggressive call writing. OI of NIFTY 5300 CE is 61.44 LK
    highest OI in CALLs.
4) OI of JAN series 5000 PE is down 7.45% prices down 62.50% showing
    short covering at lower levels. OI of JAN series 5100 PE is up 27.01%
    prices down 53.88%, 5200 PE is up 16.29% prices down 41% last week
    showing put buying at lower levels. OI of NIFTY 5200 PE is 52.79 LK
    highest OI in PUTs.
5) Total OI of NIFTY JAN series CALLs is up 14.27 LK to 2.19 CR, JAN
    series PUTs is up 30.63 LK to 3.26 CR. NIFTY JAN series PCR (OI) at
    1.49 up by 0.05 points last week.
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