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Thursday 29 November 2012

Nifty Trend for Today, Nifty Outlook for - 30-Nov-2012

NIFTY FUTURE-CMP(5869.35) is currently in SIDEWAYS trend . Yesterday the trend was VERY STRONG BULL In Dec series Nifty future added 72.22 lakh position in Open Interest and this accounts to 40.38 % of Total Open Interest in Dec series.The Nifty Dec series is trading at 44.35 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 52.12 lakh position in open interest and this accounts to 20.17 % of Total Open Interest in all series and cumulatively trading in average premium of 39.38 Rs to Underlying. The open interest is also increasing with trend 
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to call side but writing of Put is slightly increasing at 5800 level The Nifty Put option is trading at discount so sentiment at lower level seems cautious Yesterday Nifty Put option has added 1052.07 lakh position and Nifty call option has added 666.07 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 68.45 crore in value and Nifty call option has shed Rs -154.14 crore in value on cumulative basis.

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3 comments:

  1. As per Federal bank technical research report one should go short in this

    counter. Federal bank is looking quite weak at current level and is expected to fall

    further. Positional traders can go short in Federal bank from current level for good

    gains.

    ReplyDelete
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    By
    John Methew
    Options Trading

    ReplyDelete
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