Nifty Future saw sharp down fall in last trading session and closed near to its psychological support of 5890 levels. In Nifty Future one should adopt strategy of sell at higher level until it breaks 6100 level . If it manages to sustain below 5860 level we can see some more selling pressure in it . Support for nifty future is at 5863/5780 and resistance is at the level of 5980/6040.

On the call options front we have seen addition of open interest at strike price of 6000 and 6100. On the put options front we have seen shredding of open interest at strike price of 5900, 6000 and 5800. OI Chart Analysis: From the OI Chart we can see that in December Series addition of open interest on the calls front is seen at strike price of 6000-6100 indicating it as Resistance zone on the upside whereas on the put options front maximum open interest still is seen at strike price of 5800 indicating it as immediate support on the downside, though in last trading session shredding of open interest was witnessed on the puts front indicating caution among the put writers.

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The BSE Sensex sank 181.55 points or 0.94% to settle at 19,136.61 (Provisional) while the S&P CNX Nifty dropped 49.55 points or 0.85% to end at 5,750.20.

The BSE Sensex touched a high and a low of 19,417.61 and 18,954.82 respectively. There were 9 advances against 21 declines on the index.

The 50-share S&P CNX Nifty is trading at 5,776.15, after shedding 23.60 points or 0.41%.Nifty December futures saw an addition of 5.63% or 1.46 million (mn) units, taking the total outstanding open interest (OI) to 27.38 mn units.

In Nifty calls, 6000 strike price (SP) from the December series was the most active call with an addition of 1.00 mn or 20.81%.Among Nifty puts, 5700 SP from the December month expiry was the most active put with an addition of 0.66 mn or 13.24%. The maximum Call OI outstanding was at 6000 SP (5.83 mn) and that for Puts at 5700 SP (5.71 mn).The respective Support and Resistance levels are: Resistance 5,846.32 Pivot Point 5,768.33 Support 5,698.17. The Nifty Put Call Ratio (PCR) OI wise stood at 1.35 for December-month contracts.

TCS up 2.17%, Cipla up 1.58%, SBI up 1.20%, Tata Power up 0.55% and ONGC up 0.54% were the major gainers on the Sensex. On the other hand, JP Associates down 8.26%, R Infra down 7.28%, R Com down 5.80%, Tata Motors down 3.61% and M&M down 3.23% were the major laggards on the index.

The BSE Sensex climbed 132.35 points or 0.66% to settle at 20,289.24 while the S&P CNX Nifty advanced 48.60 points or 0.80% to end at 6,120.25.

The BSE Sensex touched a high and a low of 20,335.51 and 20,046.60 respectively. There was 11 advance against 19 declines on the index.

Nifty Future Daily Report - Derivative Review

Nifty, the fifty stock index after getting off to a flat start in the early moments of trade is currently trading near the high point of the day a tad below the crucial 6,100 mark. Investors look calm and overlooked the wholesale price index (WPI) inflation numbers which stood nearly flat at 8.58% for the month of October compared with 8.62% for the previous month.
The 50-share S&P CNX Nifty is trading at 6,095.10, after adding 23.45 points or 0.39%. Nifty November futures saw an addition of 3.83% or 0.93 million (mn) units, taking the total outstanding open interest (OI) to 25.31 mn units.

For Nifty calls, 6100 strike price (SP) from the November series was the most active call with an addition of 0.91 mn or 18.55%.Among Nifty puts, 6000 SP from the November month expiry was the most active put with an addition of 0.34 mn or 4.28%.The maximum Call OI outstanding was at 6100 SP (5.87 mn) and that for Puts at 6000 SP (8.34 mn).The respective Support and Resistance levels are: Resistance 6,113.70 Pivot Point 6,076.55 Support 6,057.95.The Nifty Put Call Ratio (PCR) OI wise stood at 1.00 for November-month contracts.

Cipla up 4.43%, SBI up 4.41%, M&M up 3.30%, HDFC Bank up 3% and Tata Steel up 1.79% remained the major gainers on the Sensex.
On the other hand, DLF down 1.68%, NTPC down 1.38%, Reliance Infra down 1.37%, Maruti Suzuki down 1.04% and ACC down 0.99% were the major laggards on the index.

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The nifty made a positive start in the initial moments but lost direction and dipped into the red in no time. The fifty stock index has turned green after trading in the red for most part of the day so far, and is a tad lower than the psychological 6,000 mark as the first half comes to an end. On the global front, most Asian markets are trading in the red with huge cuts on weak regional cues while the European equity indices are trading with a positive bias in their early hours. On the sectoral front, realty and infrastructure counters on the NSE are seeing some buying interest and are up 0.45% and 0.40%, respectively. While the broader markets remain weak and are trading on a flat note on the NSE.

The 50-share S&P CNX Nifty is trading at 5,992.40, after gaining 4.70 points or 0.08%.Nifty November futures saw an addition of 4.40% or 1.07 million (mn) units, taking the total outstanding open interest (OI) to 25.48 mn units. For Nifty calls, 6200 strike price (SP) from the November series was the most active call with an addition of 0.51 mn or 14.56%.Among Nifty puts, 6000 SP from the November month expiry was the most active put with an addition of 0.55 mn or 12.85%.The maximum Call OI outstanding was at 6200 SP (4.05 mn) and that for Puts at 6000 SP (4.83 mn).The respective Support and Resistance levels are: Resistance 6,024.35 Pivot Point 5,990.15 Support 5,958.20.The Nifty Put Call Ratio (PCR) OI wise stood at 1.15 for November-month contracts. 

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SELL PUNJLLOYD

Below - 123.45

TGT 120.05-117.45

SL - 127

Buy GITANJALI

At- 298.50

Tgt - 306.20,314.50

Nifty future as expected moved downwards after facing resistance at 6100 levels and is moving under a range of 6180-6000. It is not sustaining at higher levels . Up side resistance for nifty future is 6180/6225 and support 6000/5945 . Nifty future may continue to remain in this range of 6050-6200 until it breaks on either side.

Resistance : it has first resistance close to the level of 6086 & after it may face the next resistance close to the level of 6143.

Support : it has first support close to the level of 5900 & after it may get the next support close to the level of 5949.

Bank Nifty trend

Bank nifty future is facing a resistance at 12395 and not sustaining at higher level. Down side support for bank nifty is 12180/12085 and resistance is at 12400/12615 . One should take position after proper breakout both the side.

Resistance : It has first resistance close to the level of 12378 & after it may face the next resistance close to the level of 12506.

Support : It has first support close to the level of 12142 & after it may get the next support close to the level of 12033.

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Nifty Future Trend

Nifty made a flat closing in a high volatile session today. Today it was an overall range bound session and we saw both side movement in the market. Now the key thing is that still nifty future is trading above the 5540 to 5550 zone which is the good short term support zone for nifty future. Decisive closing below this support may slip it till the lower levels of 5490 to 5500 in near run. In the upside the next technical resistance seems close to the level of 5700. For intra day trading we recommend long position in nifty future from the current levels for the targets of 5650, 5700 with the intra day stop loss around 5540.

Bank nifty future is looking to continue the upward movement & we might see some more new highs in it. The next technical resistance seems close to the levels of 11290 to 11300. Decisive closing above this resistance zone may take it up till the level of 11500 in near run. In the downside the immediate short term support for bank nifty future seems close to the levels of 11100 to 11110. Decisive closing below this support zone may slide it till the lower level of 11000 in near run.

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Bank Nifty Future is holding the upper levels & looking technically strong to make fresh up moves from the current levels. The next resistance zone for bank nifty future seems to be in the zone of 11100 to 11110. Decisive closing above this resistance zone may take up it till the level of 11500 in near run. In the downside the crucial short term support seems to be at the levels of 10500 to 10525. Closing below this support zone may drag it till the lower level of 10100 in near run.

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