INDIAN STOCK MARKET

Trading Strategy for 30rd January 2014

Overnight US Market close in red Dow 15,739 (-190) (-1.19%)

Asian Market Red………

SGX NIIFTY 6031 (-90) is Down.

Today market may respect 6000 Level and it may not go below it. There is a highest open interest in 6000 Put of Jan & Feb Series.  Market may bounce back in 2^nd half due to short covering and rollover in expiry. But in positional trade there is short opportunity on every rise. As SGX Nifty is 6030 so next Nifty Major support is 5984 – 5965. 

ANY RISE – EXIT LONGS.

PUT CALL Ration (OI) of Nifty 30 Jan Contracts           :  0.84

INDIA VIX                                                                            : 18.04 +0.32 (+1.81%)

FII Activity 29^th January2014

Cash Segment(Provisional):

FII’s                :  +250 Crores

DII’s               :  -17 Crores

Derivative Segment(Provisional):

Index Futures              :  - 263 Crores

Index Options             : + 476 Crores

Stock Futures             : + 338 Crores

Stock Options                         : + 28.02 Crores

Data is taken from the NSE website.