Trading with PT style
- Thread starter praveen taneja
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Nifty fut prediction for next week :-
5333 holds major significance for the bulls for the week to come ahead no downfall till 5333 remains intact nf will face major res at 5384 and further uptrend can be expected only if nf sustains above the 5384 mark. Above 5384 tgt is pegged at 5398 - 5411 - 5438 - 5464. Below 5333 support is pegged at 5307 - 5281 - 5256 - 5223
5333 holds major significance for the bulls for the week to come ahead no downfall till 5333 remains intact nf will face major res at 5384 and further uptrend can be expected only if nf sustains above the 5384 mark. Above 5384 tgt is pegged at 5398 - 5411 - 5438 - 5464. Below 5333 support is pegged at 5307 - 5281 - 5256 - 5223
FII DERIVATIVES STATISTICS FOR 09-Apr-2010
BUY SELL OPEN INTEREST AT THE END OF THE DAY
No. of contracts Amt in Crores No. of contracts Amt in Crores No. of contracts Amt in Crores
INDEX FUTURES 49343 1327.09 35869 964.42 507793 13800.09 362.67
INDEX OPTIONS 98900 2601.53 63329 1651.15 1436663 38543.08 950.39
STOCK FUTURES 29311 1062.55 33658 1172.89 881582 29773.59 -110.34
STOCK OPTIONS 4473 164.21 3996 157.33 24674 792.95 6.88
Total 1209.59
BUY SELL OPEN INTEREST AT THE END OF THE DAY
No. of contracts Amt in Crores No. of contracts Amt in Crores No. of contracts Amt in Crores
INDEX FUTURES 49343 1327.09 35869 964.42 507793 13800.09 362.67
INDEX OPTIONS 98900 2601.53 63329 1651.15 1436663 38543.08 950.39
STOCK FUTURES 29311 1062.55 33658 1172.89 881582 29773.59 -110.34
STOCK OPTIONS 4473 164.21 3996 157.33 24674 792.95 6.88
Total 1209.59
Nifty today made the strong come back from the level close to 5300 & made the strong closing as well. Nifty looking strong from here onwards and the next crucial resistance for the nifty seems to be at the level of 5450. Closing above this higher level may lead the nifty till the level of 5500. traders may initiate the longs in nifty future from here for the target of 5450 and if sustain it might ride to the level of 5500 in near term. In the downside the short term support base is seems to be at the levels of 5245 to 5250.
For me 5289.95 is sl for all longs
For me 5289.95 is sl for all longs
Our Markets closed higher for 9th successive week, although the 'pace' is now slowing.NIFTY now has closed a little below crucial 5400 mark.
On week on week basis, advancement was very minor just about 1.4%.
Coming week will be a a crucial week for markets, as IIP-data for Feb.2010 will be announced on Monday 12th Apr, consensus estimate is 15.75% as compared to 16.7% previously. Lower IIP for feburary could prove to be a dampner. Following day on Tuesday 13th Apr, IT major INFOSYS will kick-start earning season for Indaian corporates. Although we believe most of the 'Positives' on earning estimates are already 'discounted' in the current prices, 'earning-guidance' from corporates could act as a 'driver' in the near Term. On 14th Apr markets have holiday and this will be followed by Monthly Inflation data for March to be announced on 15th. And this is expected to remain very high on account of manufacturing and fuel Inflation and could cross 10% mark (Feb inflation was 9.89%).These higher nos. are much out of RBI's 'comfort zone' and may call for stricter policy action in it's monetary policy review meet slated on 20th Apr.
Althogh FII-inflow continues, Markets are already in the 'strong Resistance block' in the range 5350~5400 of NIFTY. Market conditions are already 'over-bought', HIGH CAUTION is therefore warrented around 5400 levels of NIFTY. Stock-specific actions likely. 'Profit-booking' at higher levels could push the market in 'consolidation' mode in the coming week.
On week on week basis, advancement was very minor just about 1.4%.
Coming week will be a a crucial week for markets, as IIP-data for Feb.2010 will be announced on Monday 12th Apr, consensus estimate is 15.75% as compared to 16.7% previously. Lower IIP for feburary could prove to be a dampner. Following day on Tuesday 13th Apr, IT major INFOSYS will kick-start earning season for Indaian corporates. Although we believe most of the 'Positives' on earning estimates are already 'discounted' in the current prices, 'earning-guidance' from corporates could act as a 'driver' in the near Term. On 14th Apr markets have holiday and this will be followed by Monthly Inflation data for March to be announced on 15th. And this is expected to remain very high on account of manufacturing and fuel Inflation and could cross 10% mark (Feb inflation was 9.89%).These higher nos. are much out of RBI's 'comfort zone' and may call for stricter policy action in it's monetary policy review meet slated on 20th Apr.
Althogh FII-inflow continues, Markets are already in the 'strong Resistance block' in the range 5350~5400 of NIFTY. Market conditions are already 'over-bought', HIGH CAUTION is therefore warrented around 5400 levels of NIFTY. Stock-specific actions likely. 'Profit-booking' at higher levels could push the market in 'consolidation' mode in the coming week.
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