Nifty Trades for 31/12/2012

Dec 31, 2012 9:00 AM
55 Comments
31/12/2012 09:00  Trend: Positive, SL: 5890


Technical View on Nifty as on 28/12/2012

7:00 AM
10 Comments
Technical view based on Daily Charts:
Nifty has been trading strong and positive since June 2012. Though the larger trend for Nifty is positive, but Nifty had been trading range bound throughout the December 2012 series. Nifty has formed an accumulation pattern above the support of 5847 but has not yet been able to break above the resistance of 5973. Nifty has been strongly following the trendline, bouncing from it multiple times since June 2012.

What are the likely possibilities ahead?

  1. Nifty may break above the resistance of 5973 and head ahead to 6109 and 6298
  2. Nifty may continue trade in this range till the trendline support is touched.
  3. Nifty may break the support of 5847, and correct to the next major support of 5753 and may also touch the trendline support.

Considering the current Open Interest (OI) of Nifty Options for January 2013 series, the maximum OI for calls currently exists on 6000CE. However, the maximum OI for puts is difficult to pick as of now because of the close proximity of the values. The major contenders for the maximum OI are 5800PE, 5700PE and 5500PE.

Taking the OI into consideration, we may rule out option 1 till there is a major change in the OI data.

As Nifty has already remained in the range for past 20 trading sessions, volatility has come down quite low and may try to break the range very soon. As such, we may rule out option 2 as well.

As we are left with option 3, we may likely expect a minor correction in Nifty quite soon. However, OI of Nifty needs to be watched closely another few trading sessions to get a confirmation.

Update on 02/01/2013:
Nifty broke above the resistance level of 5973. As such Nifty may head ahead to levels beyond 6100. The max OI also shifted from 6000CE to 6200CE opening upsides upto 6200 levels. On the downside 5800PE now holds the max OI, but as Nifty moves up, the OI of higher puts may also increase.

Nifty Trades for 28/12/2012

Dec 28, 2012 9:00 AM
66 Comments
28/12/2012 09:00  Trend: Negative, SL: 5889
28/12/2012 09:20  SL Triggered, Trend: Positive, SL: 5877
28/12/2012 10:25  SL Trailed: 5885
28/12/2012 14:00  SL Triggered, Trend: Negative, SL: 5907
28/12/2012 14:15  SL Trailed: 5905
28/12/2012 15:10  SL Triggered, Trend: Positive, SL: 5883
28/12/2012 15:20  SL Trailed: 5890


Nifty Trades for 27/12/2012

Dec 27, 2012 9:00 AM
67 Comments
27/12/2012 09:00  Trend: Positive, SL: 5888
27/12/2012 03:00  SL Triggered, Trend: Negative, SL: 5910
27/12/2012 03:05  SL Trailed: 5891
27/12/2012 03:20  SL Trailed: 5889


Nifty Trades for 26/12/2012

Dec 26, 2012 9:00 AM
95 Comments
26/12/2012 09:00  Trend: Negative, SL: 5874
26/12/2012 11:20  SL Triggered, Trend: Positive, SL: 5852
26/12/2012 11:35  SL Trailed: 5873
26/12/2012 11:55  SL Trailed: 5880
26/12/2012 12:40  SL Trailed: 5888


Nifty Trades for 24/12/2012

Dec 24, 2012 9:00 AM
54 Comments
24/12/2012 09:00  Trend: Negative, SL: 5874


Nifty Trades for 21/12/2012

Dec 21, 2012 9:00 AM
71 Comments
21/12/2012 09:00  Trend: Positive, SL: 5898
21/12/2012 09:20  SL Triggered, Trend: Negative, SL: 5899
21/12/2012 10:05  SL Trailed: 5890
21/12/2012 14:30  SL Trailed: 5882
21/12/2012 14:55  SL Trailed: 5874


Nifty Trades for 20/12/2012

Dec 20, 2012 9:00 AM
56 Comments
20/12/2012 09:00  Trend: Positive, SL: 5909
20/12/2012 10:40  SL Triggered, Trend: Negative, SL: 5924
20/12/2012 15:10  SL Triggered, Trend: Positive, SL: 5898


Nifty Trades for 19/12/2012

Dec 19, 2012 9:00 AM
81 Comments
19/12/2012 09:00  Trend: Positive, SL: 5875
19/12/2012 09:20  SL Trailed: 5905
19/12/2012 09:50  SL Trailed: 5909


Nifty Trades for 18/12/2012

Dec 18, 2012 9:00 AM
85 Comments
18/12/2012 09:00  Trend: Positive, SL: 5851
18/12/2012 11:05  SL Triggered, Trend: Negative, SL: 5853
18/12/2012 11:20  SL Triggered, Trend: Positive, SL: 5826
18/12/2012 11:40  SL Trailed: 5830
18/12/2012 12:35  SL Trailed: 5866
18/12/2012 14:00  SL Trailed: 5872
18/12/2012 14:20  SL Trailed: 5875


Nifty Trades for 17/12/2012

Dec 17, 2012 9:00 AM
59 Comments
17/12/2012 09:00  Trend: Positive, SL: 5851


Nifty Trades for 14/12/2012

Dec 14, 2012 9:00 AM
86 Comments
14/12/2012 09:00  Trend: Negative, SL: 5874
14/12/2012 12:10  SL Triggered, Trend: Positive, SL: 5855
14/12/2012 14:20  SL Triggered, Trend: Negative, SL: 5881
14/12/2012 15:20  SL Triggered, Trend: Positive, SL: 5851


Nifty Trades for 13/12/2012

Dec 13, 2012 9:00 AM
58 Comments
13/12/2012 09:00  Trend: Negative, SL: 5905
13/12/2012 14:00  SL Trailed: 5885
13/12/2012 14:15  SL Trailed: 5878
13/12/2012 14:40  SL Trailed: 5874


Nifty Trades for 12/12/2012

Dec 12, 2012 9:00 AM
44 Comments
12/12/2012 09:00  Trend: Positive, SL: 5878
12/12/2012 09:20  SL Trailed: 5894
12/12/2012 10:10  SL Triggered, Trend: Negative, SL: 5924
12/12/2012 11:55  SL Trailed: 5918
12/12/2012 12:15  SL Trailed: 5914
12/12/2012 14:05  SL Trailed: 5905


Nifty Trades for 11/12/2012

Dec 11, 2012 9:00 AM
62 Comments
11/12/2012 09:00  Trend: Negative, SL: 5919
11/12/2012 09:20  SL Triggered, Trend: Positive, SL: 5905
11/12/2012 09:30  SL Trailed: 5932
11/12/2012 09:55  SL Trailed: 5935
11/12/2012 12:20  SL Triggered, Trend: Negative, SL: 5960
11/12/2012 13:00  SL Trailed: 5944
11/12/2012 13:20  SL Trailed: 5936
11/12/2012 13:40  SL Trailed: 5926
11/12/2012 13:45  SL Trailed: 5904
11/12/2012 14:45  SL Trailed: 5896
11/12/2012 15:10  SL Triggered, Trend: Positive, SL: 5868
11/12/2012 15:25  SL Trailed: 5878


Nifty Trades for 10/12/2012

Dec 10, 2012 9:00 AM
50 Comments
10/12/2012 09:00  Trend: Negative, SL: 5919


Nifty Trades for 07/12/2012

Dec 7, 2012 9:00 AM
49 Comments
07/12/2012 09:00  Trend: Positive, SL: 5912
07/12/2012 13:15  SL Triggered, Trend: Negative, SL: 5934
07/12/2012 14:05  SL Trailed: 5932
07/12/2012 15:20  SL Trailed: 5919


Nifty Trades for 06/12/2012

Dec 6, 2012 9:00 AM
80 Comments
06/12/2012 09:00  Trend: Positive, SL: 5891
06/12/2012 09:20  SL Triggered, Trend: Negative, SL: 5915
06/12/2012 09:25  SL Trailed: 5902
06/12/2012 09:35  SL Trailed: 5880
06/12/2012 11:00  SL Trailed: 5872
06/12/2012 14:15  SL Triggered, Trend: Positive, SL: 5853
06/12/2012 14:55  SL Trailed: 5875
06/12/2012 15:05  SL Trailed: 5905
06/12/2012 15:20  SL Trailed: 5912


Nifty Trades for 05/12/2012

Dec 5, 2012 9:00 AM
62 Comments
05/12/2012 09:00  Trend: Positive, SL: 5867
05/12/2012 09:20  SL Trailed: 5891


Nifty Trades for 04/12/2012

Dec 4, 2012 9:00 AM
27 Comments
04/12/2012 09:00  Trend: Negative, SL: 5887
04/12/2012 15:05  SL Triggered, Trend: Positive, SL: 5863
04/12/2012 15:10  SL Trailed: 5867


Nifty Trades for 03/12/2012

Dec 3, 2012 9:00 AM
37 Comments
03/12/2012 09:00  Trend: Positive, SL: 5857
03/12/2012 09:25  SL Trailed: 5866
03/12/2012 10:05  SL Triggered, Trend: Negative, SL: 5891
03/12/2012 11:05  SL Trailed: 5887


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