Weekly Nifty Trend for 11th- 15th June

Nifty Trend

Nifty index closed 5068.35 with the gain of 220.20 or 4.54%. The Nifty May future finally settles at with a gain
of 234.85 pts or 4.87% up at 5059.40 and increased 288200 shares in the open interest. The Nifty future turned to the discount of 8.95 from 23.60. Whereas cost of carry is -21.68% vs.-10.64%. Nifty future has closed at 5059.40 and now next logical resistance is at 5150 and 5300 levels, and good support near4950 and 4750 levels.

Bank Nifty Trend

Bank Nifty index closed at 9998.85 with the gain of 731.25 pts or 7.89% .The Bank Nifty May futures finally settles at gain of 9939.50 pts or 7.90% above at 9939.50 and increased 361075 shares in the open interest. The Bank Nifty future came to a discount of 59.35 from 55.50 earlier, whereas cost of carry is -6.42% vs - 8.64%. Bank Nifty futures have closed at 9939.50 and now next logical resistance is at 10150 and 10375 levels, and good support near 9690 and 9300 levels.

Fill the Form & Get All Stock Tips for Today, Nifty Tips, Futures Option Tips on Mobile.

Options Trend

On the call options front addition of open interest was witnessed in last trading session at strike price

of 5200 and 5300.

On the put options front we have seen addition of open interest in last trading session at strike price of

4800 and 4900.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the May Series. In coming sessions market may trade in a range of 4800-5200. On the call option front strike price with the highest open interest i.e. 5200 and 5300 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e.4800 and 4900 may act as a support on the downside.

Nifty Futures shut stop at 4853 down by 89.25 points . It is looking bearish in the coming trading session if it below support level of 4800 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5005 & above this level the next resistance is seen near the 5150 mark.

SUPPORT: It has first support close to the level of 4800 & below this level the next support is seen near 4750 mark.

Fill the Form & Get all Stock Tips, Live Nifty Tips, Stock Future Tips, Stock Option Tips. 

Options Trend

On the call options front addition of open interest was witnessed in last trading session at strike price of

5400 and 5500.

On the put options front we have seen addition of open interest in last trading session at strike price of 5100 and 5200.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the April Series. In coming sessions market may trade in a range of 5100-5400. On the call option front strike price with the highest open interest i.e. 5400 and 5500 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e.5100 and 5200 may act as a support on the downside.

Nifty Futures shut stop at 5319.60 up 71.15 points or 1.36 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5330 else below support level of 5220 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5330 & above this level the next resistance is seen near the 5410 mark.

SUPPORT: It has first support close to the level of 5220 & below this level the next support is seen near 5180 mark.

Ambuja cement showed upward movement . As the stock closed on positive note a further upward movement can be seen in the stock once it breaks its resistance. One may go for buying the stock once it breaks its resistance level.

RANBAXY showed range bound move today and closed on positive note. The stock faces important level at 520. It is expected to continue its positive move in short term, also further up move can be expected if it sustains above the resistance level.

The stock showed a continuous up move during the trading hour and closed on positive note.The trend presently in the stock is sideways.The stock is now facing resistance at 121 and has support at 112. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.

Fill Our Form & Get All Stock Tips, Nifty Tips, Options Tips, Intraday Stock Tips.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5400 and 5500.

On the put options front we have seen addition of open interest in last trading session at strike price of 5000 and 5100.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the March Series. In coming sessions market may trade in a range of 5100- 5500. On the call option front strike price with the highest open interest i.e. 5400 and 5500 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e.5000 and 5100 may act as a support on the downside

The BSE Sensex ended at 17,257.36, up 204.58 points and the Nifty ended at 5243.15, up 58.90 points.During the day, the NSE benchmark index had touched that day's high at 5277.95 and the day's low at 5164.20.

Nifty Futures shut stop at 5265.65 up by 74.35 points or 1.43 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5170 else above resistance level of 5300 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5300 & above this level the next resistance is seen near the 5410 mark.

SUPPORT: It has first support close to the level of 5170 & below this level the next support is seen near 5100 mark.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5500

and 5600.

On the put options front we have seen addition of open interest in last trading session at strike price of

5200 and 5300.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 5200-5500. On the call option front strike price with the highest open interest i.e. 5500 and 5600 may act as resistance on the up side

The markets slumped over 1.5% in trades on Monday, over political uncertainty ahead of Uttar Pradesh Assembly election results, scheduled to be announced tomorrow. The BSE Sensex slipped 274.12 points to 17,362.87 and the S&P CNX Nifty ended down 79.05 points at 5,280.35.

Nifty Futures shut stop at 5318.55 down by -77.95 points or -1.44 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5290 else above resistance level of 5380 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5380 & above this level the next resistance is seen near the 5440 mark.

SUPPORT: It has first support close to the level of 5290 & below this level the next support is seen near 5230 mark.

Options Trading Tips

On the call options front addition of open interest was witnessed in last trading session at strike price of 5500 and 5600.

On the put options front we have seen addition of open interest in last trading session at strike price of 5200 and 5300.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 5200-5600. On the call option front strike price with the highest open interest i.e. 5500 and 5600 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 5200 and 5300 may act as a support on the downside.

Nifty Futures Updates for TodayMarkets ended 1% down on Thursday as disappointing third quarter GDP growth, the slowest pace in nearly three years, weighed on investor sentiment. The losses were led by financial and index heavyweights. The Sensex closed at 17,583.97 down -168.71 points and the Nifty closed at 5,339.75 down -45.45 points.

Nifty Futures shut stop at 5390.75 down by -48.75 points or -0.90 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5430 else below support level of 5300 it
would be in a downward trend.

On the call options front addition of open interest was witnessed in last trading session at strike price of
5600 and 5700.

On the put options front we have seen addition of open interest in last trading session at strike price of
5200 and 5300.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open
interest in the August Series. In coming sessions market may trade in a range of 5200-5600. On the call
option front strike price with the highest open interest i.e. 5600 and 5700 may act as resistance on the up
side whereas on the put option front strike price with the highest open interest i.e. 5200 and 5300 may act
as a support on the downside.

Nifty Futures Live updatesIndia's benchmark shares indices ended almost 2% higher on Tuesday, snapping a four day losing streak, on the back of robust global cues, with Reliance Industries, financials and capital goods leading the gains.The 30-share Sensex ended at 17,731.12 up 285.37 points or 1.64% and the 50-share Nifty ended at 5,375.50 up 94.30 points or 1.79%. The Sensex and the Nifty reached an intra-day high of 17,776.82 levels and 5,391.10 mark, respectively.

Nifty Futures shut stop at 5441.50 up by 102.90 points or 1.93 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5480 else below support level of 5300 it would be in a downward trend.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5600 and 5700.
On the put options front we have seen addition of open interest in last trading session at strike price of 5200 and 5300.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 5200-5600. On the call option front strike price with the highest open interest i.e. 5600 and 5700 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 5200 and 5300 may act as a support on the downside.

Nifty Futures Live
Benchmark share indices ended over 2% down on Monday, amid weak European cues, on concerns that high crude oil prices would fuel inflation further delaying the lowering of key rates by the central bank. The fall was led by index heavyweights and rate sensitive shares. The 30-share Sensex ended at 17,445.75 down 477.82 points or 2.67% and the 50-share Nifty ended at 5281.20 down by 148.10 points or 2.73%. The Sensex and the Nifty reached an intra-day low of 17,381.64 levels and 5,268.15 marks, respectively. On November 21, 2011, the  Sensex ended at 15,946 down 427 points whereas the Nifty closed at 4,778 down 127 points.

Nifty Futures shut stop at 5327.10 down by -160.35 points or -2.92 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5480 else below support level of 5300 it would be in a downward trend.

Benchmark share indices ended lower on Thursday, shrugging of better-than-expected November industrial production data, with Infosys leading the decline after the software major cut its dollar revenue growth guidance for fiscal 2012 because of the debt crisis in Europe. The 30-share Sensex ended down 138.35 points at 16,037.51 and the 50-share Nifty ended down -29.70 points at 4,831.25.

On the call options front addition of open interest was witnessed in last trading session at strike price of 4900 and 5000. On the put options front we have seen addition of open interest in last trading session at strike price of 4500 and 4600.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 4700-5000. On the call option front strike price with the highest open interest i.e. 4900 and 5000 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 4500 and 4600 may act as a support on the downside.

Nifty Futures shut stop at 4867.90 down by -4.40 points or -0.09 %. It is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 4900 else below support level of 4771 it would be in a downward trend.

The stock continued to move in a bearish trend today as well. It today marked a new 52-week low and has next support at 475, breach of this level may take the stock further down till the levels of 455-450 in coming trading session else it may also bounce back taking support at lower levels.

R - 505

S - 475

The stock showed a continuous down move during the trading hour and closed on negative note. The major trend presently in the stock is sideways. The stock is now facing resistance at 193 and has support at 182. Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.

R - 193

S - 182

The stock was consolidating during the earlier trading hour and then moved up during the later trading hour and closed on positive note. The trend presently in the stock is sideways. The stock is now facing resistance at 2612 and has support at 2459 which is 50 day moving average of the stock. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.

R - 2612

S - 2459

INFOSYS showed negative movements in today’s trading session and made intraday low of 2731 the stock now has resistance level at 2777 and may take support from the level of 2730. In short term it is expected to remain volatile, also crossing of resistance level may take the stock at higher levels.

R - 2773

S - 2730

The stock continued to move in bearish trend today as well and was down by nearly 6% . One should now wait for sometime in the stock as it is expected to consolidate a bit after a continuous downfall.

R - 875

S - 825

The stock is currently moving in bearish trend. It now has major support at 225, if it consolidates for a while, breach of this support may take it further downwards else it may also bounce back taking support at lower levels.

R - 240

S - 225

The stock has managed to breach its major support and then had a down rally in today’s trading session. Although it also recovered and closed with moderate loss. It has resistance at 195 and support at 184, one should wait for sometime in the stock before taking any positions.

R -195

S - 184

The stock opened gap down and was consolidating during the trading hour and closed on negative note. The trend presently in the stock is weak. The stock is now facing resistance at 415 and has support at 400. Break of support may take the stock further down. One may go for selling the stock once it breaks

its support level.

R - 415

S - 400

On the call options front addition of open interest was witnessed in last trading session at strike price of 5000 and 5100.

On the put options front we have seen addition of open interest in last trading session at strike price of 4700 and 4800.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 4600-4900. On the call option front strike price with the highest open interest i.e. 5000 and 5100 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 4700 and 4800 may act as a support on the downside.

Nifty Futures shut stop at 4769 down by -116.90 points or -2.39 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4750 else above resistance level of 4950 it would be in an upward trend.

Markets ended marginally higher, paring sharp intra-day gains, after profit booking was seen in late trades because of growth concerns. However, firm gains in Europe boosted sentiment. Key European indices, London's FTSE-100 was up 0.7%, Germany's DAX was up 1.4% and Paris CAC-40 was up 1.6% on hopes that the European leaders, at a meeting scheduled for December 9, would arrive at a solution to resolve the debt crisis in the region. The Nifty gained 23.45 points to end at 5,062.60 after touching nearly 5,100 in intraday trades.

Nifty Futures shut stop at 5086.10 up by 20.50 points or 0.40 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5135 else below support level of 5020 it would be in a downward trend.

The stock slipped down with the morning bell and showed downward movement during the trading hours. The stock is now facing a resistance at 384 and has support at 372. As mentioned previously it has taken resistance at higher levels and reversed back after a short term recovery. Breaching of the support level may take stock further down. One should wait for sometime in stock till it consolidates for a while.

R - 384

S - 372

The stock remained range bound during the trading hours and ended up on a positive note. It is now facing a resistance at 228 and has support at 220. It is expected to show some downward movement if fails to sustain at current level. One should avoid entering in stock at current level until it consolidates

at either side levels.

R - 228

S - 220

The stock has shown down rally during the trading hours after gap up opening. It now has resistance at 1004 crossing of which may take stock further upwards. One should wait for sometime in stock till it crosses either side levels, as it may remain volatile in this range.

R - 1003

S - 960

The stock has shown consolidated movement during the trading hours. It is now facing a resistance at 224 and has support at 211. The stock is looking week on charts and is expected to show some downward movement if fails to sustain at current level. One should avoid entering in stock at current level until it consolidates at either side levels.

R - 224

S - 211

Currently the stock is moving with the upside movement where today it has shown some correction after resisting at the levels of 470. It is presently having support at the levels of 449. One may wait for some time as it is expected to show some more correction in the upcoming session.

R - 470

S - 450

Stock has opened gap up but closes on moderate gain, after an gap up opening stock had a downward rally. One may go for short position if stock is able to cross it is support level. Below the support level stock is looking weak.

R - 489

S - 473

BSE Sensex closed at 16008 down by 158 points, the index touched a high and a low of 16,210.37 and 15,952.54 respectively. While Nifty index closed at 4805 down by 46 points, the index touched high and low of 4,866.10 and 4,787.10 respectively.

Nifty December 2011 futures closed at 4,812.00 at a premium of 6.90 points over spot closing of 4,805.10, while Nifty January 2011 futures were at 4,832.00 at a premium of 26.90 points over spot closing. The near month December 2011 derivatives contract expires on Thursday, December 29, 2011. Nifty December futures saw addition of 7.60% or 1.62 million (mn) units taking the total outstanding open interest (OI) to 22.95 mn units.

Among Nifty calls, 5000 SP from the December month expiry was the most active call with addition of 0.56 million or 11.47%. Among Nifty puts, 4700 SP from the December month expiry was the most active put with an addition of 0.22million or 3.16%. The maximum Call OI outstanding for Calls was at 5000 SP (5.50 mn) and that for Puts was at 4700 SP (7.13 mn).

The stock has shown consolidated movement in today’s trading session. The stock has been recovering from the lower levels and if it manages to sustain at current levels then a short term recovery is expected in the stock. It is now facing a resistance at 287 and support at 275. The stock is looking bearish on charts below the support level. One should wait for some consolidation in the stock.

R - 287

R - 275

The stock continued its upward movement in today’s trading session. It is now facing a resistance at 330 and support at 318. If it manages to sustain at current level then it is expected to show further upward movement. One should wait for crossing of the levels before taking any position in the stock, as the

stock may try to reverse back after continuous up rally.

R - 330

S - 318

ITC showed sideways movements and traded in a tight range. ITC manage to cross it is previous resistance and close with moderate gain. The stock has resistance level at 199 and support level at 192. In short term it is expected to consolidate and remain range bound, it may also test its resistance level in

short term.

R - 199

S - 192

The overall trend of stock is upward today it closes with positive biasness. Now stock is facing resistance at 476, above the resistance level stock is looking strong one may go for buying after crossing of resistance

R - 476

S - 450

The stock has shown upward movement during the trading hours. The stock is now facing a resistance at 385 and has support at 369. If it sustains at this level for a while a short term recovery is expected. One should avoid entering till the stock confirms its recovery at this level.

COAL INDIA is gradually showing an upside movement with some consolidation facing resistance at the level of 307. In the upcoming session one may wait to enter into a buying position until it crosses its resistance level, above which it is likely to show an upside movement.

The stock is now trading with the major sideways trend showing volatility in terms of price fluctuation. It is having strong support at the levels of 2075 and facing resistance at 2115 with the crossing of which the stock may show an upside movement.

ITC had sideways movements in today’s trading session and it closed on negative note. The stock has support level at 188.50 and resistance level at 197. One should now wait for sometime in the stock as it is expected to recover a bit after continuous down rally.

The BSE Index closed at 15700 down by 365 points, the index touched a high and a low of 15,969.60 and 15,478.69 respectively. While nifty closed at 4706 down by 106 points, the index touched high and low of 4,779.50 and 4,640.95 respectively.

Nifty November 2011 futures closed at 4,703.80 at a discount of 2.65 points over spot closing of 4,706.45, while Nifty December 2011 futures were at 4,723.00 at a premium of 16.55 points over spot closing. The near month November 2011 derivatives contract expires on Thursday, November 24, 2011. Nifty November futures saw addition of 11.22% or 2.29 million (mn) units taking the total outstanding open interest (OI) to 22.72 mn units.

Among Nifty calls, 4700 SP from the November month expiry was the most active call with addition of 2.53 million or 231.49%. Among Nifty puts, 4700 SP from the November month expiry was the most active put with a contraction of 0.48 million or 7.56%. The maximum Call OI outstanding for Calls was at 4700 SP (3.62 mn) and that for Puts was at 4700 SP (5.86 mn).