DAILY NIFTY DERIVATIVE ANALYSIS 09/jan/2014 | Nifty Outlook

F&O NEWS

India Indices – Wednesday Nifty Index opened up with +15.80 points at 6178.05 in positive trend from the previous closing at 6162.25 and closed in positive at +6174.60. The full day we saw hyper movement in Nifty but after the morning bell we saw some bullish trend in Nifty but near end of the market day nifty index closed with some down movement but could not sustained at its previous level and the whole day Nifty Index traded between 6192.10-6160.35. At the end of the day Nifty future contract expiring on 30 Jan 2014 Gained +0.03%, +2.05 points up to close at 6197.90 from the previous closing at 6195.85 with a premium 23.30 points and percent change in open interest of +4.34%.

Bank Nifty  –Wednesday Bank Nifty index opened at +11071.75 in Positive trend with +35 point from the previous closing at 11036.75, After the morning .Bell we saw hyper down trend in Bank Nifty Index but mid the market day we saw normal recovery in Bank Nifty Index. The full day Bank Nifty Index traded between 11122.75-10988.80 and closed with uptrend +11053.75 with +0.15%, +16.95 points up from the previous closing 11036.75.At the end of the day Bank Nifty future contract expiring on 30 Jan2014 Gained +0.09%, +10.10 points up to close at +11109.80 with premium 56.10 points and percent change in open interest of +6.42% .

FII’s Activity – According to FII’s Activity On January 6 in F&O segment we saw FII’s were taking interest in index options and stock futures only we saw hyper buying and selling in index options of FII’s and short selling in index futures and stock options. By this activity of FII’s we can say that they
can go in short position in particular segments to the next market day.

DAILY PIVOTS

INDEX                  S2       S1         PP         R1     R2
NIFTY               6145   6160     6175   6190   6210
BANKNIFTY 10920  10990 11050 11120 11200
SENSEX          20635 20685 20735 20780 20835

DAILY NIFTY DERIVATIVE ANALYSIS 09/jan/2014 | Nifty Outlook