Showing posts with label Bank Nifty. Show all posts
Showing posts with label Bank Nifty. Show all posts

Derivative Strategy On Future And Options Daily Report By Mansukh 7th-April-2011

Derivative Margin Report
F & O HIGHLIGHTS
Nifty April 2011 futures closed at 5,912.00, at a premium of 20.25 over spot closing of 5,891.75, while Nifty May 2011 futures were at 5,931.50 at a premium of 39.75 points over spot closing. The near month April 2011 derivatives contract expires on Thursday, April 28, 2011. Nifty April futures saw an addition of 3.90% or 1.05 million (mn) units, taking the total outstanding open interest (OI) to 27.95 mn units.

From the most active underlying, SBI's April 2011 futures closed at a premium of 6.60 points at 2793.00 compared with spot closing of 2786.40. The number of contracts traded was 25,131.

Tata Motors April 2011 futures were at a discount of 18.60 points at 1278.50 compared with spot closing of 1297.10. The number of contracts traded was 22,539.Titan April 2011 futures were at a premium of 27.00 points at 4053.00 compared with spot closing of 4026.00. The number of contracts traded was 10,167. 

DLF April 2011 futures were at a premium of 1.40 points at 271.60 compared with spot closing of 270.20. The number of contracts traded was 16,777. Tata Steel April 2011 futures were at a premium of 1.25 points at 635.75 compared with spot closing of 634.50. The number of contracts traded was 14,016. 

Open Interest Gainer & Open Interest Loser

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Derivative Strategy On Future And Options Daily Report By Mansukh 7th-April-2011

F & O HIGHLIGHTS
Nifty April 2011 futures closed at 5,912.00, at a premium of 20.25 over spot closing of 5,891.75, while Nifty May 2011 futures were at 5,931.50 at a premium of 39.75 points over spot closing. The near month April 2011 derivatives contract expires on Thursday, April 28, 2011. Nifty April futures saw an addition of 3.90% or 1.05 million (mn) units, taking the total outstanding open interest (OI) to 27.95 mn units.

From the most active underlying, SBI's April 2011 futures closed at a premium of 6.60 points at 2793.00 compared with spot closing of 2786.40. The number of contracts traded was 25,131.

Tata Motors April 2011 futures were at a discount of 18.60 points at 1278.50 compared with spot closing of 1297.10. The number of contracts traded was 22,539.Titan April 2011 futures were at a premium of 27.00 points at 4053.00 compared with spot closing of 4026.00. The number of contracts traded was 10,167. 

DLF April 2011 futures were at a premium of 1.40 points at 271.60 compared with spot closing of 270.20. The number of contracts traded was 16,777. Tata Steel April 2011 futures were at a premium of 1.25 points at 635.75 compared with spot closing of 634.50. The number of contracts traded was 14,016. 


INDEX - TECHNICAL STAND POINT - Equity Research Report By Mansukh

Nifty | Bank Nifty
















 


  



TREND LINE CONJECTURE:-

We have drawn trend line joining two significant bottom 3918 and 4786. According to trend line theory next levels of support could be around 5400. Any closing below this trend line may further dampens the current scenario and possibility of getting new lows near to 5200-5250 could be more justified. On the upper side any bounce back from 5400 may leap indices towards 5640-5650 where we might see some profit booking
Same in the Sensex , channel line drawn from the lows of 13219 and 15960 may provide crucial support around 17900-18000. Below this flood gates may open and we might see some drastic fall near to 16000 in a short span of time. On the flip side 20500 could be the key resistance level to watch.

MOVING AVERAGES AND THE CANDLE STICK PATTERN:-

The short term moving average is an indicator of the trend in the near future. The value for the short term moving average (20 DMA) is at 5470 and medium term moving average (50 DMA) is at 5740. Presently, the Nifty trading below20 , 50 and 2000 dma, which would be treated as bearish si signal coupled with oversold territory. Hence possibility of bounce back couldn’t be rule out at any stage though5640-5650 (200 dma) might be the key resistance zone.

FIBONACCI RETRACEMENT:-

Entire rally from the lows of 4786 to 6335 took 25 trading weeks without any substantial correction. If we applying Fibonacci theory and took retracement of this current rally, 50% and 80% retracement stood at 5555 and 5375 respectively. Any break down above this level could open the flood gates and possibility of losing another 100-200 pts should be on higher side. Moreover spot index created some gap on 14/02/211 of more than 30pts which has not been filled yet. Hence we are expecting this gap should be filled in the upcoming week however possibility of bounce back couldn’t be rule out at any stage.

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