Nifty rally reaches resistance level but closing above 6166 is a decisive breakout...
Yesterday boldly written to buy Nifty Fut. above
6103. Market nonstop rally above 6103 and made a high of 6156.
There is a Short position in Index fut. by FII’s from start of the
series. So in view of expiry, if short covers, than fast up moves come in
market. Yesterday open interest in 6200 CALL & 6100 CALL comes down.
Open interest comes down yesterday in up moving market. Now Market
movement may remain choppy.Last three days prices are closing near its High. Rally is only possible above 6145-6165. Rally
is possible towards the resistance zone up to 6300.
In
Intraday, better to buy above 6154 for the target of 6162-6175-6099 and Sell
Below 6112 for the Target of 6100-6092.
Asian Market in Flat to Red ………
PUT CALL Ration (OI) of Nifty 26 Feb Contracts
: 1.15
OPEN INTEREST DEVELOPMENT IN NIFTY CALL / PUT
INDIA VIX
A falling VIX means that
there is lower uncertainty and market confidence is high and most of the time
direction of trend is clear. A rising VIX shows there is a lot of uncertainty
in the markets and price action is expected to be very volatile or sensitive in
the coming days.
I will recommend to trade
only when the VIX is moving lower and a level below 20 is ok for trading. But
if the VIX goes above 20 it means the chances of reversal in the short term
trend is very high and large sudden moves could be expected.
FII Activity
FII
Activity 18-Feb-2014
Cash
Segment(Provisional):
FII’s : +292.23 Crores
DII’s : -155 Crores
Derivative
Segment(Provisional):
Index Futures : +625 Crores
Index Options : +955 Crores
Stock Futures : -288 Crores
Stock Options
: -45.23 Crores
Data is taken from the NSE website.
MECHANICAL TRADER SIGNAL
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UPDATED ON 18-Feb-14, 7:00pm (
START ON 03.02.14)
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NSE INDEX FEB FUTURE INDIA TRENDS
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CURRENT 11-Feb-14
|
DAILY SIGNAL GENERATED
|
TODAY'S PROFIT /LOSS
|
NET +/- (FROM 03-Feb-14)
|
HOURLY SIGNAL GENERATED
|
TODAY'S PROFIT /LOSS
|
NET +/- (FROM 03-Feb-14)
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|||||||
DATE
|
Position
|
LEVEL
|
S/L
|
DATE
|
Position
|
LEVEL
|
S/L
|
||||||
NIFTY FUT
|
6138
|
18.02.14
|
BUY
|
6095
|
6045
|
54
|
-37
|
14.02.14
|
BUY
|
6038
|
6116
|
47
|
123
|
BANK NIFTY FUT
|
10571
|
18.02.14
|
BUY
|
10350
|
10250
|
213
|
241
|
13.02.14
|
BUY
|
10209
|
10500
|
229
|
637
|
OPEN POSITION
|
|||||||||||||
NIFTY FUT
|
6138
|
18.02.14
|
BUY
|
6095
|
6080
|
14.02.14
|
BUY
|
6038
|
6116
|
||||
BANK NIFTY FUT
|
10571
|
18.02.14
|
BUY
|
10350
|
10250
|
13.02.14
|
BUY
|
10209
|
10200
|
||||
TODAY'S TRADE (18-Feb-14)
|
|||||||||||||
NIFTY FUT
|
6138
|
18.02.14
|
SQ.OFF
|
6095
|
-4
|
NIL
|
|||||||
18.02.14
|
BUY
|
6095
|
6080
|
58
|
|||||||||
BANK NIFTY FUT
|
10571
|
18.02.14
|
SQ.OFF
|
10350
|
-8
|
NIL
|
|||||||
18.02.14
|
BUY
|
10350
|
10250
|
221
|
|||||||||
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