Derivatives Update:13.09.2011
On price charts, Nifty September futures opened lower at 4972 breached yesterday's high of 4996 even breached yesterday's low of 4912 and closed mildly lower at 4941.60 down by 12.40 points. Bank Nifty too breached both yesterday's high and low and closed down by 43.35 points.
On volume charts, today too witnessed higher No. of trades, Traded quantity as well as No.of contracts traded than previous day. Open Interest too was marginally higher than yesterday. We are seeing higher participation on a down day which as said earlier, is bad omen for Bulls.
On technical charts, prognosis remains the same as indicated in earlier post. We are in a downward trending market coupled with higher volatility and higher participation on a down day. Upper breakouts are not in near vicinity. Pull backs can come in the markets and such pull backs should be used as shorting opportunity unless we decisively break resistance zone of 5175-5375.
On Stock Futures chart, top traded counters by value were SBI, RIL, INFY,ICICI,Tata Motors. Top gainers list included K.S.Oil 11% NCC 5% Cairn 5% IRB 4% BEML 4% whereas top losers were GTL-5% DCHL -5% Tata Motors -5% TTML -4% Arvind -4%
Difficult to trade in this volatile market but than also Happy Trading.....
| SYMBOL | EXPIRY | OPEN | HIGH | LOW | CLOSE | CHG |
| NIFTY | 29/09/2011 | 4972 | 5040 | 4903.85 | 4941.6 | -12.4 |
| BANKNIFTY | 29/09/2011 | 9443 | 9566 | 9250.1 | 9342.25 | -43.35 |
On price charts, Nifty September futures opened lower at 4972 breached yesterday's high of 4996 even breached yesterday's low of 4912 and closed mildly lower at 4941.60 down by 12.40 points. Bank Nifty too breached both yesterday's high and low and closed down by 43.35 points.
| SYMBOL | EXPIRY | OPENINT | CHG IN OI | TR QTY | CONT | TRADES |
| NIFTY | 29/09/2011 | 26811450 | 75750 | 3314300 | 66286 | 20302 |
| NIFTY | 25/10/2011 | 2056050 | 360350 | 53350 | 1067 | -158 |
| NIFTY | 24/11/2011 | 291700 | 29800 | 22700 | 454 | 97 |
On volume charts, today too witnessed higher No. of trades, Traded quantity as well as No.of contracts traded than previous day. Open Interest too was marginally higher than yesterday. We are seeing higher participation on a down day which as said earlier, is bad omen for Bulls.
On technical charts, prognosis remains the same as indicated in earlier post. We are in a downward trending market coupled with higher volatility and higher participation on a down day. Upper breakouts are not in near vicinity. Pull backs can come in the markets and such pull backs should be used as shorting opportunity unless we decisively break resistance zone of 5175-5375.
On Stock Futures chart, top traded counters by value were SBI, RIL, INFY,ICICI,Tata Motors. Top gainers list included K.S.Oil 11% NCC 5% Cairn 5% IRB 4% BEML 4% whereas top losers were GTL-5% DCHL -5% Tata Motors -5% TTML -4% Arvind -4%
Difficult to trade in this volatile market but than also Happy Trading.....
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