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Choppy market remains after a strong rally. It may continue for some days.
Market is in contraction after an expansion. In this period price remain choppy
and unpredictable. Market is in bullish undertone because Nifty breaks the 6
years trading range.
In intraday 6810 is strong resistance for Nifty Future. In Nifty 6645 is good level for fresh long. Now in coming day’s market may remain range bound with choppy. There is a higher open interest in Nifty 6600 Put & 6900 Call. So market may remain in the range of 6600 – 6900.
Asian Market in Mix ………
SGX NIIFTY 6749(+4)
OPEN INTEREST DEVELOPMENT IN NIFTY OPTION (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’s Activity
FII
Activity 04-APRIL-2014
Cash
Segment(Provisional):
FII’s : +232.46 Crores
DII’s : - 1125.06 Crores
Derivative
Segment(Provisional):
Index Futures : -599.32 Crores
Index Options :
+289.49 Crores
Stock Futures :
-659.32 Crores
Stock Options
: +39.69 Crores
Data is taken from the NSE website.
MECHANICAL TRADER SIGNAL
|
|||||||||||||
UPDATED ON 04-April-14, 7:00pm (
START ON 28.03.14)
|
|||||||||||||
NSE INDEX FEB FUTURE INDIA TRENDS
|
|||||||||||||
CURRENT 01-April-14
|
DAILY SIGNAL GENERATED
|
TODAY'S PROFIT /LOSS
|
NET +/- (FROM 28-Mar-14)
|
HOURLY SIGNAL GENERATED
|
TODAY'S PROFIT /LOSS
|
NET +/- (FROM 28-Mar-14)
|
|||||||
DATE
|
Position
|
LEVEL
|
S/L
|
DATE
|
Position
|
LEVEL
|
S/L
|
||||||
NIFTY FUT
|
6744
|
28.03.14
|
BUY
|
6705
|
6705
|
-24
|
27
|
NIL
|
0
|
27
|
|||
BANK NIFTY FUT
|
12662
|
NIL
|
-22
|
-15
|
NIL
|
-126
|
-201
|
||||||
OPEN POSITION
|
|||||||||||||
NIFTY FUT
|
6744
|
28.03.14
|
BUY
|
6705
|
6640
|
NIL
|
|||||||
BANK NIFTY FUT
|
12662
|
02.04.14
|
BUY
|
12655
|
12580
|
NIL
|
|||||||
TODAY'S TRADE (04-APR-14)
|
|||||||||||||
NIFTY FUT
|
6744
|
NO
TRADE
|
NO
TRADE
|
||||||||||
BANK NIFTY FUT
|
12662
|
04.04.14
|
SQ.OFF
|
12640
|
-22
|
NO
TRADE
|
|||||||
