There is a continuous buying by FII’s
in cash market. There is Increase in open interest more than Twenty Lakh in
Nifty 6800 Put and 6800 Put has highest open interest. So in view of expiry
market respect the level of 6800 & 6900 and not go beyond it. So expiry may come in between 6790-6860. Market may
remain volatile today in view of expiry.
In
Intraday, better to buy Nifty Fut. above 6834 for the target of 6840-6854, sell
below 6820 for the Target of 6800.
Put Call Ration:
|
1.16
|
||||
FII Index Future Trend
|
Up, Buy (+923.46 Crores)
|
||||
DAILY TREND
(Nifty Future May’14 Series)
|
TIME FRAME
|
DECISION POINT
|
UP / DOWN
|
SIGNAL
|
CONCLUSION
|
5 HOUR
|
6798
|
UP
|
BUY
|
STRONG
BUY
|
|
DAILY
|
6774
|
UP
|
BUY
|
||
DAILY MAJOR
|
6805
|
UP
|
BUY
|
||
SGX NIFTY
|
6832 (+3.50)
|
||||
US MARKET DOW
|
16,514.37 (+0.40%)
|
||||
FTSE 100 (ENGLAND)
|
6681.76 (0.85%)
|
||||
DAX (GERMANY)
|
9600.09 (2.02%)
|
||||
Asian Market
|
Flat to Mix
|
||||
