ONE MAY WATCH THE DATA AS WELL AS MARKET OUTLOOKS, AUTOMATED DAILY CALLS WITH SUPPORT AND RESISTANCE ETC. THAT ARE BEING UPDATED AUTOMATICALLY ON REAL TIME/DAILY BASIS.
Nifty closed on Friday at 5952.90 with a loss of 15.75 points (-0.27%) on intraday basis whereas a loss of 64.85 (-1.08%) on weekly basis.
For today and this week (Read Market Outlook), WATCH 5935 LEVEL ON THE DOWNSIDE. BELOW 5935, SUPPORTS ARE AT 5900 AND 5880 WHEREAS ON THE UPSIDE, IF NIFTY TRADES ABOVE 5965, RESISTANCES WILL BE AT 6000 AND 6025. ON WEEKLY BASIS, STRONG SUPPORT AT 5842 AND 5780 WHEREAS MAIN HURDLES ARE LYING AT 6025 AND 6047. ABOVE THESE LEVELS, 6070 AND 6125 WILL BE SUPPLY ZONE.
From options data (Read OI analysis page), the highest OI build up was seen in the 5900-6100 strikes indicating that the Nifty would not cross the 6100 levels in the near term and therefore, unwinding was seen in the 6200-6400 call strikes. In the put segment, maximum build up was seen in the 5700 strikes indicating strong support at this levels.
Nifty closed on Friday at 5952.90 with a loss of 15.75 points (-0.27%) on intraday basis whereas a loss of 64.85 (-1.08%) on weekly basis.
For today and this week (Read Market Outlook), WATCH 5935 LEVEL ON THE DOWNSIDE. BELOW 5935, SUPPORTS ARE AT 5900 AND 5880 WHEREAS ON THE UPSIDE, IF NIFTY TRADES ABOVE 5965, RESISTANCES WILL BE AT 6000 AND 6025. ON WEEKLY BASIS, STRONG SUPPORT AT 5842 AND 5780 WHEREAS MAIN HURDLES ARE LYING AT 6025 AND 6047. ABOVE THESE LEVELS, 6070 AND 6125 WILL BE SUPPLY ZONE.
From options data (Read OI analysis page), the highest OI build up was seen in the 5900-6100 strikes indicating that the Nifty would not cross the 6100 levels in the near term and therefore, unwinding was seen in the 6200-6400 call strikes. In the put segment, maximum build up was seen in the 5700 strikes indicating strong support at this levels.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
"REAL-TIME NIFTY CHART" - BUY WHEN 20-MIN. EMA(GREEN LINE) CROSSES 50-MIN. EMA(RED LINE) DOWN TO UPSIDE AND VICE-VERSA. IN ADDITION, GREEN DOT INDICATES BULLISH SIGNAL AND RED DOT INDICATES BEARISH SIGNAL ON INTRA-DAY BASIS. NO NEED TO REFRESH THE PAGE REPEATEDLY. THE CHART WILL AUTO REFRESH IN EVERY 10 SECONDS. THE PAGE WILL AUTO REFRESH IN EVERY 2 MINUTES TO UPDATE ALL OTHER DATA. - 'WISH U ALL GOOD LUCK' - JAY.
