Nifty Outlook for - 07-sept. 2012

Yesterday the trend was CONFUSION TREND In Sep series Nifty future shed 9.45 lakh position in Open Interest and this accounts to -5.3 % of Total Open Interest in Sep series.The Nifty Sep series is trading at 22.7 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 8.69 lakh position in open interest and this accounts to -4.54 % of Total Open Interest in all series and cumulatively trading in average premium of 51.55 Rs to Underlying. The open interest is also not increasing with trend so be careful..

At current price strike the activity is tilted to put side but writing of call is slightly increasing at 5300 level Yesterday Nifty Put option has added 612.63 lakh position and Nifty call option has added 653.96 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 11.2 crore in value and Nifty call option has added Rs 12.22 crore in value on cumulative basis



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Nifty Trend for Today 31-07-2012

Nifty closed on a bull note at 5199. So today the first resistance for nifty is at 5225-30 level. Next resistance ranges are at 5256-61,5282-87,5305-10,,5325-30,5358-63,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5170-66 level.

So today above 5230 we expect the trend to continue and next resistance is at 5260 and on downside unless below 5140 we did not expect intra fall.

Positional Support for NIFTY 5181 5153 5146 5144 5102 5094 5078 and positional Resistance for NIFTY is 5224 .

Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis- and NIFTY in oversold region.

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