FIIs bought 29672 contracts of Index Future worth 913.6 cores (15906 Longs were added and 13766 shorts were squared off ) with net Open Interest increasing by 2140 contracts, so FII’s are covering their shorts and added longs in index futures. As discussed in Weekly Analysis Nifty above 6183 Bulls will rule and have been… Read More »
Last Week Chopad Level of 6207 dictated the trend and nifty did 1 target on downside.In the coming week, Q3 results of major index heavyweight TCS, Axis Bank, Bajaj Auto, HCL Technologies, HDFC Bank, Reliance Industries, ITC and Wipro will come out next week.Inflation based on consumer price index will come out on Monday, while… Read More »
FIIs sold 14974 contracts of Index Future worth 452 cores (11536 Longs were squared off and 3438 shorts were added) with net Open Interest decreasing by 8098 contracts, so FII’s are covering their long and adding few shorts. Nifty closed below its 50 SMA and Bank Nifty below its 200 DMA, which is bearish for… Read More »
FIIs sold 43336 contracts of Index Future worth 1329 cores (8260 Longs were squared off and 35076 shorts were added ) with net Open Interest increasing by 26816 contracts, so FII’s added majority shorts and squaring off longs. Nifty closed below its 50 SMA and Bank Nifty below its 200 DMA, which is bearish for… Read More »
Last Week Chopad Level of 6326 showed its effect and nifty achieved its 2 target on downside. Q3 earnings season will kick off on Friday, 10 January, the day when IT major Infosys and private sector bank IndusInd Bank unveil results. Having a substantial weight in Nifty – Infosys results will be keenly watched.External trade… Read More »
FIIs sold 817 contracts of Index Future worth 26 cores (1894 Longs were added and 2711 shorts were added ) with net Open Interest increasing by 4605 contracts, so FII’s added both shorts and long in today’s session. Again the fall today was not backed by FII’s selling. FII will start trading actively only after… Read More »
FIIs sold 1225 contracts of Index Future worth 42 cores with net Open Interest increasing by 2603 contracts, so FII’s added shorts in today’s session. Nifty opened with a gap up made a high of 6344 and pulled back, as discussed in last analysis. 6259 still holds the key for bulls,Holding the same we can… Read More »
Market last week has been trading in a very narrow range led by reduced institution activity on the back of Christmas and New Year holiday.Action was in Midcaps/Smallcaps as both Index were up by 3.6% and 2.5% respectively. As we approach last week of the calendar year and NAV adjustments are likely to take place.FII… Read More »
FIIs bought 16492 contracts of Index Future worth 537 cores (10325 Longs contract were added and 6167 shorts contract were covered) with net Open Interest increasing by 4158 contracts, so FII’s added longs and also covered shorts in today’s session. Nifty continued to trade above the channel but again failed to close above 6300 level.… Read More »
Last week Chopad level of 6187, Nifty did 1 target on downside and 2 target on upside. Last Week was roller coaster ride for Stock market traders/investor as Fed did the taper and RBI kept the rate unchanged, Both events took the market participants by surprise.The market may remain volatile and trade in a range as… Read More »