Tuesday, April 29, 2014

Nifty on it's way to test 34 DMA

Nifty slid and closed below 13 and 21 DMA. It'd ideally target the 34 DMA which is currently at 6656. But along the way, there is a cluster of supports between 6678 and 6689.
Financial Institutions are not very ambitious about their shorts, and are grabbing every opportunity to square off their positions.
In the FUTIDX section we saw some significant short covering towards 14:30, however that lead to more shorts finding their way into the system.
The 6900 May Series Call, might become very attractive below 160 odd levels.
So tomorrow Nifty might trade between 6688 to 6762 levels, approximately. All the Best!


  1. Price Action: On Tue 29 Apr 2014, the CNX Nifty Index opened at 6769 ( -10 Points Lower than Previous Opening Price ) , made a high of 6779.7 ( -7 Points Lower than Previous High ) it made a low of 6708.65 ( -42 Points Lower than Previous Low ) closed at 6715.25 ( -46 Points Lower than Previous Close ). The Volumes were 115,511,531 ( -2% Lower than last trading session, and about -23.8% Lower than Average. The Volume figures were about -77.13% of Standard Deviation Below the Mean, and it was not an outlier figure. Nifty closed in the Q1, the First Quartile of it's True Range. The Color of the candle was Black with the wick was equal to 10.7 Points, and the body was equal to 53.75 and lower shadow was equal to 6.6
  2. Momentum: The BSAR Pivot is at 6747. The RSI (14) is at 53.8 Dn by 5.3 points from previous close. When CNX Nifty is rangebound, RSI (14) tends to get Overbought above 67 Oversold below 40 The W%R (29) is at -35.3 Dn by 10.5 points from previous close. When CNX Nifty is rangebound, the W%R (29) tends to get overbought above -5 and Oversold below -68. The RSI (5) smoothed using Inverse Fisher Transform is at 4.1 a change of -22.9 points; the minimum value achieved in last three session is 4.1
  3. Trend: The ADX (14) is at 32.4 Dn by 2.2 points from previous close. The VHF(29) is at 0.38 Dn by 0 points. For CNX Nifty the ADX (14) usually hovers between 35 and 15 and VHF (29) usually hovers between 0.46 and 0.24
  4. Moving Averages and Pivot Points: The 5 Day Moving Average is at, 6761; and the Short Term 13 Day Moving Average is 6753; and the 34 Day Moving Average is at 6656; and Medium Term 50 Day Moving Average is 6503; and the Long Term, 200 Day Moving Average is at 6124. The Market Structure is Technically Speaking, BULLISH
  5. Market Breadth: As on Tue 29 Apr 2014, the Market Breadth was 0.69, which is considered as Poor , while at the end of the last trading session it was 0.99. The McClellan Oscillator reading was -8.86, which is considered as Normal
  6. Nifty is going to be Extremely Over Sold at 6669, Over Sold at 6696 the mean is at 6762, Over Bought at 6827 and Extremely Over Bought at 6854
  7. Volumes: On Tuesday 29 Apr 2014 Volume was 115,511,531 which was Below Average. For the next full trading session the Volumes are expected to be Below Average - somewhere around 131,800,000. The MFI reading was 46.2 while previously it was 44.3. The MFI tends to get Overbought above 72 and Oversold below 38
  8. As per the EOD data available, the 2 EMA of Force Index (FI) read in conjunction with the 13 EMA of FI and 21 SMA of Closing Prices indicates that Nifty is currently IN A DOWNTREND
  9. Index Futures: The Open Interest in Futures at the End of the Day Tuesday 29 Apr 2014 was 13,900,100 while previously it was 14,727,850 a change of -5.62% The Cost of Carry of the Current Series Expiring on 29-May-2014 was 8.13% while previously it was 10.19% while the change in Open Interest was -6.29% which might suggest LONGS UNWINDING in the Current Series. The Cost of Carry of the Mid Series Expiring on 26-Jun-2014 was 6.03% while previously it was 7.14% while the change in Open Interest was 3.29% which might suggest SHORTS ADDITION in the mid series.
  10. Index Options : The Open Interest in Options at the End of the Day Tuesday 29 Apr 2014 was 69,439,250 while previously it was 65,656,850 a change of 5.76%
    • The daily VIX closed at 31.05, while previous close was 31.39, a change of -1.07% Lower than previous close. While the Normal Range for India VIX is 26 to 13
    • The Index PCR is 0.9 while yesterday it was 0.8 a change of 0.1 or 12.5 %, which might suggest that more puts have been written and added into the Open Interest -- and while the normal range is 1.11 to 0.85 The Index Futures Volumes are likely to go up in the context of 2 to 5 days. On the other hand the Index Option Volumes are likely to go DOWN in that same period The Index Options PCR is likely to remain depressed for next few days, which could indicate that a bearish sentiment might prevail amongst the majority of Option Writers for next few days
    • Highest Open Interest in Calls is for 7000 with Open Interest at 3,766,150 a change of 15% and IV of 29.6.
    • Second Highest Open Interest in Calls is for 6800 with Open Interest at 2,777,450 a change of 13% and IV of 30.11.
    • Largest Change OI in Calls is for 7000 with Open Interest at 3,766,150 a change of 15% and IV of 29.6.
    • Lowest IV in Calls is for 5900 with Open Interest at 62,350 a change of -1% and IV of 28.25.
    • Highest Open Interest in Puts is for 6500 with Open Interest at 3,117,750 a change of 6% and IV of -.
    • Second Highest Open Interest in Puts is for 6800 with Open Interest at 2,781,500 a change of 13% and IV of 30.88.
    • Largest Change OI in Puts is for 6800 with Open Interest at 2,781,500 a change of 13% and IV of 30.88.
    • Lowest IV in Puts is for 7300 with Open Interest at 26,850 a change of -1% and IV of 29.19.
    • For June Series
    • Highest Open Interest in Calls is for 7000 with Open Interest at 662,950 a change of 7% and IV of 23.51.
    • Largest Change OI in Calls is for 6700 with Open Interest at 418,300 a change of 39% and IV of 24.09.
    • Highest Open Interest in Puts is for 6800 with Open Interest at 847,450 a change of 0% and IV of 27.68.
    • Second Highest Open Interest in Puts is for 6000 with Open Interest at 701,000 a change of 6% and IV of -.
    • Largest Change OI in Puts is for 6000 with Open Interest at 701,000 a change of 6% and IV of -.
    • Lowest IV in Puts is for 6800 with Open Interest at 847,450 a change of 0% and IV of 27.68.
  11. USDINR Pair: The RBI Reference Rate for 1 US Dollar was 60.5253 and it Gained against the INR by about 0.0212 (based on RBI Reference Rate). Change in Open Interest at the End Of the Day was -10% and the Actual Open Interest at End Of the Day was 8,36,595. The Daily Parabolic SAR is 60.5085
  12. TIME
    PlanetSignDegreeLordNakshatraPadLordSub LordPosition
    AscTaurus58VenMrigasira2MarSat
    SunAries15MarBharani1VenSunExl
    MonAries26MarBharani4VenKetCom
    Mar(R)Virgo167MerHasta3MonSat
    MerAries20MarBharani3VenJupCom
    JupGemini80MerPunarvasu1JupJup
    VenPisces332JupP.Bhadrapada4JupRahExl
    Sat(R)Libra206VenVishakha3JupVenExl
    Rah(R)Libra184VenChitra4MarVen
    Ket(R)Aries4MarAshwini2KetMon
    UraPisces349JupRevati1MerVen
    NepAquarius313SatSatabhisaj2RahMer
    Pluto(R)Sagittarius259JupP.Asadha2VenRah

    PlanetAspectPlanetOrb/Value
    SunConjunctionMercury4.44379
    SunSextileNeptune2.34129
    SunTrinePluto3.5556
    MoonConjunctionMercury6.21322
    MoonOppositionSaturn0.02-337
    MoonTrinePluto7.113
    MoonSextileMidheaven0.47188
    MercurySextileJupiter0.22307
    MercuryOppositionSaturn6.19-71
    MercuryTrinePluto0.4981
    VenusTrineSaturn5.5637
    VenusSquareAscendant2.45-49
    VenusConjunctionMidheaven6.41121
    MarsSquareJupiter3.13-46
    MarsOppositionUranus2.25-92
    MarsSquarePluto2.02-32
    JupiterTrineSaturn5.5730
    JupiterSquareUranus0.49-90
    JupiterTrineNeptune7.46
    JupiterOppositionPluto1.11-136
    JupiterTrineMidheaven5.1223
    SaturnTrineMidheaven0.4536
    UranusSquarePluto0.22-38
    NeptuneTrineAscendant7.421


Monday, April 28, 2014

Stuck in the middle of nowhere ... !


As expected Nifty slipped towards the 13 DMA. No fresh selling pressure was noticed today. The Volumes were decidedly low, with a neutral market breadth. Open Interest and volume figure suggest that there is no panic of any sort amongst the majority of the Marketmen. With writing in both Calls and Puts for 6800 Strike in vogue, the 6732 level is going to play as a major support for tomorrow. Options continue to be extremely expensive. Tomorrow, Nifty would again be lifeless for the greater part of the day, with 6732 playing out the Pivotal support for the day, and 6785 as the major resistance. Best of Luck!




  1. Price Action: On Mon 28 Apr 2014, the CNX Nifty Index opened at 6778.55 ( -78 Points Lower than Previous Opening Price ) , made a high of 6786.25 ( -84 Points Lower than Previous High ) it made a low of 6750.3 ( -23 Points Lower than Previous Low ) closed at 6761.25 ( -22 Points Lower than Previous Close ). The Volumes were 118,162,668 ( -23% Lower than last trading session, and about -23.2% Lower than Average. The Volume figures were about -77.31% of Standard Deviation Below the Mean, and it was not an outlier figure. Nifty closed in the Q1, the First Quartile of it's True Range. The Color of the candle was Black with the wick was equal to 7.7 Points, and the body was equal to 17.3 and lower shadow was equal to 10.95
  2. Momentum: The BSAR Pivot is at 6758. The RSI (14) is at 59.1 Dn by 2.6 points from previous close. When CNX Nifty is rangebound, RSI (14) tends to get Overbought above 67 Oversold below 40 The W%R (29) is at -24.8 Dn by 4.9 points from previous close. When CNX Nifty is rangebound, the W%R (29) tends to get overbought above -5 and Oversold below -68. The RSI (5) smoothed using Inverse Fisher Transform is at 27.1 a change of -28 points; the minimum value achieved in last three session is 27.1
  3. Trend: The ADX (14) is at 34.6 Dn by 1.6 points from previous close. The VHF(29) is at 0.39 Dn by 0 points. For CNX Nifty the ADX (14) usually hovers between 35 and 15 and VHF (29) usually hovers between 0.46 and 0.24
  4. Moving Averages and Pivot Points: The 5 Day Moving Average is at, 6784; and the Short Term 13 Day Moving Average is 6760; and the 34 Day Moving Average is at 6646; and Medium Term 50 Day Moving Average is 6490; and the Long Term, 200 Day Moving Average is at 6120. The Market Structure is Technically Speaking, BULLISH
  5. Market Breadth: As on Mon 28 Apr 2014, the Market Breadth was 0.99, which is considered as Average , while at the end of the last trading session it was 0.66. The McClellan Oscillator reading was 9.78, which is considered as Normal
  6. Nifty is going to be Extremely Over Sold at 6692, Over Sold at 6719 the mean is at 6785, Over Bought at 6850 and Extremely Over Bought at 6877
  7. Volumes: On Monday 28 Apr 2014 Volume was 118,162,668 which was Below Average. For the next full trading session the Volumes are expected to be Below Average - somewhere around 139,000,000. The MFI reading was 44.3 while previously it was 51.4. The MFI tends to get Overbought above 72 and Oversold below 38
  8. As per the EOD data available, the 2 EMA of Force Index (FI) read in conjunction with the 13 EMA of FI and 21 SMA of Closing Prices indicates that Nifty is currently BUY ON DIPS
  9. Index Futures: The Open Interest in Futures at the End of the Day Monday 28 Apr 2014 was 14,727,850 while previously it was 14,312,750 a change of 2.9% The Cost of Carry of the Current Series Expiring on 29-May-2014 was 10.19% while previously it was 6.87% while the change in Open Interest was 2.71% which might suggest LONGS ADDITION in the Current Series. The Cost of Carry of the Mid Series Expiring on 26-Jun-2014 was 7.14% while previously it was 5.53% while the change in Open Interest was 4.84% which might suggest LONGS ADDITION in the mid series.
  10. Index Options : The Open Interest in Options at the End of the Day Monday 28 Apr 2014 was 65,656,850 while previously it was 60,992,000 a change of 7.65%
    • The daily VIX closed at 31.39, while previous close was 30.68, a change of 2.3% Higher than previous close. While the Normal Range for India VIX is 26 to 13
    • The Index PCR is 0.8 while yesterday it was 0.83 a change of -0.02 or -3.61 %, which might suggest that more calls have been written and added into the Open Interest -- and while the normal range is 1.11 to 0.85 The Index Futures Volumes are likely to go up in the context of 2 to 5 days. On the other hand the Index Option Volumes are likely to go DOWN in that same period The Index Options PCR is likely to remain depressed for next few days, which could indicate that a bearish sentiment might prevail amongst the majority of Option Writers for next few days
    • Highest Open Interest in Calls is for 7000 with Open Interest at 3,379,300 a change of 16% and IV of 30.31.
    • Second Highest Open Interest in Calls is for 6800 with Open Interest at 2,461,150 a change of 25% and IV of 31.02.
    • Largest Change OI in Calls is for 7200 with Open Interest at 1,796,550 a change of 53% and IV of 29.13.
    • Highest Open Interest in Puts is for 6500 with Open Interest at 2,964,450 a change of 13% and IV of -.
    • Second Highest Open Interest in Puts is for 6000 with Open Interest at 2,572,550 a change of 0% and IV of -.
    • Largest Change OI in Puts is for 6800 with Open Interest at 2,482,800 a change of 24% and IV of 30.37.
    • Lowest IV in Puts is for 7500 with Open Interest at 527,800 a change of 3% and IV of 26.68.
    For June Series:
    • Highest Open Interest in Calls is for 7000 with Open Interest at 619,350 a change of 5% and IV of 23.85.
    • Largest Change OI in Calls is for 7000 with Open Interest at 619,350 a change of 5% and IV of 23.85.
    • Lowest IV in Calls is for 6000 with Open Interest at 214,750 a change of 1% and IV of 21.77.
    • Highest Open Interest in Puts is for 6800 with Open Interest at 844,250 a change of 1% and IV of 27.
    • Second Highest Open Interest in Puts is for 6000 with Open Interest at 661,800 a change of 2% and IV of -.
    • Largest Change OI in Puts is for 6500 with Open Interest at 586,950 a change of 8% and IV of 27.88.
  11. USDINR Pair: The RBI Reference Rate for 1 US Dollar was 60.5041 and it Lost against the INR by about -0.6122 (based on RBI Reference Rate). Change in Open Interest at the End Of the Day was 0.7% and the Actual Open Interest at End Of the Day was 9,29,590. The Daily Parabolic SAR is 60.4672
  12. Time:
    PlanetSignDegreeLordNakshatraPadLordSub LordPosition
    AscTaurus57VenMrigasira2MarJup
    SunAries14MarBharani1VenVenExl
    MonAries13MarAshwini4KetMerCom
    Mar(R)Virgo167MerHasta3MonMer
    MerAries18MarBharani2VenRahCom
    JupGemini80MerPunarvasu1JupJup
    VenPisces331JupP.Bhadrapada4JupRahExl
    Sat(R)Libra206VenVishakha3JupVenExl
    Rah(R)Libra184VenChitra4MarVen
    Ket(R)Aries4MarAshwini2KetMon
    UraPisces349JupRevati1MerVen
    NepAquarius313SatSatabhisaj2RahMer
    Pluto(R)Sagittarius259JupP.Asadha2VenRah
    PlanetAspectPlanetOrb/Value
    SunConjunctionMoon1.1873
    SunConjunctionMercury3.33464
    SunSextileNeptune1.37214
    SunTrinePluto4.5443
    MoonConjunctionMercury4.43467
    MoonSextileNeptune0.27380
    MoonTrinePluto6.0432
    MercurySextileJupiter2.22138
    MercuryOppositionSaturn8.33-12
    MercuryTrinePluto1.275
    VenusTrineSaturn4.4458
    VenusSquareAscendant2.58-46
    VenusConjunctionMidheaven6.37123
    MarsSquareJupiter2.49-53
    MarsOppositionUranus2.06-97
    MarsSquarePluto1.47-34
    JupiterTrineSaturn6.1127
    JupiterSquareUranus0.43-92
    JupiterTrineNeptune7.338
    JupiterOppositionPluto1.02-138
    JupiterTrineMidheaven4.1730
    SaturnTrineMidheaven1.5331
    UranusSquarePluto0.19-38


Sunday, April 27, 2014

Nifty gets into confusing (Corrective) mode to affect IVs

Nifty started it's much awaited correction with a whimper. There was a lot of confusion, once it slid to 6820 - 6830 levels. And a lot of profit booking was witnessed at those levels. But just then, some big hand dealt finally, and large short orders in Derivatives found their way into NSE Servers. Nifty formed a "Bearish Engulf" in daily charts, and a non idealised version of "Gravestone Doji" in the weekly chart. So is this it? Everyone and his parrot would repeat this question hundreds of times, in next couple of weeks. To this the simple answer is Nifty is not expected to move past 7000 till 16th of May 2014. After 16th of May 2014 it might top out at 7386 but not necessarily May 2014 Series. On Monday Nifty could recover till 6810 for a while before continuing it's journey southwards, till 6760 odd levels.


  1. Price Action: On Fri 25 Apr 2014, the CNX Nifty Index opened at 6855.8 ( 32 Points Higher than Previous Opening Price ) , made a high of 6869.85 ( 8 Points Higher than Previous High ) it made a low of 6772.85 ( -48 Points Lower than Previous Low ) closed at 6782.75 ( -59 Points Lower than Previous Close ). The Volumes were 154,320,793 ( -16% Lower than last trading session, and about -1.2% Lower than Average. The Volume figures were about -3.97% of Standard Deviation Below the Mean, and it was not an outlier figure. Nifty closed in the Q1, the First Quartile of it's True Range. The Color of the candle was Black with the wick was equal to 14.05 Points, and the body was equal to 73.05 and lower shadow was equal to 9.9
  2. Momentum: The BSAR Pivot is at 6761. The RSI (14) is at 61.8 Dn by 7.8 points from previous close. When CNX Nifty is rangebound, RSI (14) tends to get Overbought above 67 Oversold below 40 The W%R (29) is at -19.9 Dn by 15 points from previous close. When CNX Nifty is rangebound, the W%R (29) tends to get overbought above -5 and Oversold below -68. The RSI (5) smoothed using Inverse Fisher Transform is at 55.1 a change of -43.4 points; the maximum value achieved in last three session is 98.6
  3. Trend: The ADX (14) is at 36.3 Dn by 1.2 points from previous close. The VHF(29) is at 0.4 Dn by 0.01 points. For CNX Nifty the ADX (14) usually hovers between 35 and 15 and VHF (29) usually hovers between 0.46 and 0.24
  4. Moving Averages and Pivot Points: The 5 Day Moving Average is at, 6796; and the Short Term 13 Day Moving Average is 6760; and the 34 Day Moving Average is at 6634; and Medium Term 50 Day Moving Average is 6476; and the Long Term, 200 Day Moving Average is at 6115. The Market Structure is Technically Speaking, BULLISH
  5. Market Breadth: As on Fri 25 Apr 2014, the Market Breadth was 0.66, which is considered as Poor , while at the end of the last trading session it was 1.04. The McClellan Oscillator reading was 16.09, which is considered as Normal
  6. Nifty is going to be Extremely Over Sold at 6701, Over Sold at 6729 the mean is at 6796, Over Bought at 6864 and Extremely Over Bought at 6892
  7. Volumes: On Friday 25 Apr 2014 Volume was 154,320,793 which was Below Average. For the next full trading session the Volumes are expected to be Below Average - somewhere around 143,600,000. The MFI reading was 51.4 while previously it was 58.6. The MFI tends to get Overbought above 72 and Oversold below 38
  8. As per the EOD data available, the 2 EMA of Force Index (FI) read in conjunction with the 13 EMA of FI and 21 SMA of Closing Prices indicates that Nifty is currently BUY ON DIPS
  9. Index Futures: The Open Interest in Futures at the End of the Day Friday 25 Apr 2014 was 14,312,750 while previously it was 25,443,800 a change of 0% The Cost of Carry of the Current Series Expiring on 29-May-2014 was 6.87% while previously it was 0.00% while the change in Open Interest was 27.95% which might suggest LONGS ADDITION in the Current Series. The Cost of Carry of the Mid Series Expiring on 26-Jun-2014 was 5.53% while previously it was 8.61% while the change in Open Interest was -93.91% which might suggest LONGS UNWINDING in the mid series.
  10. Index Options : The Open Interest in Options at the End of the Day Friday 25 Apr 2014 was 60,992,000 while previously it was 122,194,100 a change of 0%
    • The daily VIX closed at 30.68, while previous close was 31.13, a change of -1.45% Lower than previous close. While the Normal Range for India VIX is 25 to 13
    • The Index PCR is 0.83 while yesterday it was 0.99 a change of -0.16 or -16.16 %, which might suggest that more calls have been written and added into the Open Interest -- and while the normal range is 1.11 to 0.85 The Index Futures Volumes are likely to go up in the context of 2 to 5 days. On the other hand the Index Option Volumes are likely to go DOWN in that same period The Index Options PCR is likely to remain depressed for next few days, which could indicate that a bearish sentiment might prevail amongst the majority of Option Writers for next few days
    • Highest Open Interest in Calls is for 7000 with Open Interest at 2,907,950 a change of 14% and IV of 27.94.
    • Second Highest Open Interest in Calls is for 6900 with Open Interest at 2,007,250 a change of 11% and IV of 28.25.
    • Largest Change OI in Calls is for 6800 with Open Interest at 1,977,450 a change of 24% and IV of 28.52.
    • Lowest IV in Calls is for 6000 with Open Interest at 658,350 a change of 1% and IV of 23.19.
    • Highest Open Interest in Puts is for 6000 with Open Interest at 2,712,350 a change of 13% and IV of -.
    • Second Highest Open Interest in Puts is for 6500 with Open Interest at 2,621,200 a change of 36% and IV of -.
    • Largest Change OI in Puts is for 6500 with Open Interest at 2,621,200 a change of 36% and IV of -.
    • Lowest IV in Puts is for 7300 with Open Interest at 28,600 a change of 10% and IV of 28.75.
    Looking at June's Options Chain we get the following Inferences:
    • Highest Open Interest in Calls is for 7000 with Open Interest at 590,800 a change of -2% and IV of 22.54.
    • Largest Change OI in Calls is for 7200 with Open Interest at 75,150 a change of 59% and IV of 22.42.
    • Highest Open Interest in Puts is for 6800 with Open Interest at 840,400 a change of 827% and IV of 27.12.
    • Second Highest Open Interest in Puts is for 6000 with Open Interest at 653,450 a change of 2% and IV of -.
    • Largest Change OI in Puts is for 6800 with Open Interest at 840,400 a change of 827% and IV of 27.12.
  11. USDINR Pair: The RBI Reference Rate for 1 US Dollar was 61.1163 and it Gained against the INR by about 0.048 (based on RBI Reference Rate). Change in Open Interest at the End Of the Day was 10.1% and the Actual Open Interest at End Of the Day was 9,22,703. The Daily Parabolic SAR is 60.4163


Thursday, April 24, 2014

FII's leaving small traders to fight for the crumbs


FIIs have not created fresh positions and seem to have not even rolled over their positions into the May 2014 Series. They are relaxed about the current market. So relaxed that they have their positions in written Options as open. Let me make a wild guess, they have been writing 7000 MAY CE with their soiled hands. The way 6900 CE and 6500 PE have been written in last few days suggest that there is going to be a slight cooldown of the tempo which had ADX rising to 40+ levels.
  • Price Action: On Wed 23 Apr 2014, the CNX Nifty Index opened at 6823.25 ( 0 Points Higher than Previous Opening Price ) , made a high of 6861.6 ( 23 Points Higher than Previous High ) it made a low of 6820.75 ( 14 Points Higher than Previous Low ) closed at 6840.8 ( 25 Points Higher than Previous Close ). The Volumes were 182,972,972 ( 60% Higher than last trading session, and about 17% Higher than Average. The Volume figures were about 53.28% of Standard Deviation Above the Mean, and it was not an outlier figure. Nifty closed in the Q3, the Third Quartile of it's True Range. The Color of the candle was White with the wick was equal to 20.8 Points, and the body was equal to 17.55 and lower shadow was equal to 2.5
  • Momentum: The BSAR Pivot is at 6757. The RSI (14) is at 69.7 Up by 1.6 points from previous close. When CNX Nifty is rangebound, RSI (14) tends to get Overbought above 67 Oversold below 40 The W%R (29) is at -4.8 Up by 0.7 points from previous close. When CNX Nifty is rangebound, the W%R (29) tends to get overbought above -5 and Oversold below -68. The RSI (5) smoothed using Inverse Fisher Transform is at 98.6 a change of 1.9 points; the maximum value achieved in last three session is 98.6
  • Trend: The ADX (14) is at 37.5 Dn by 0.2 points from previous close. The VHF(29) is at 0.42 Up by 0.02 points. For CNX Nifty the ADX (14) usually hovers between 35 and 15 and VHF (29) usually hovers between 0.46 and 0.24
  • Moving Averages and Pivot Points: The 5 Day Moving Average is at, 6803; and the Short Term 13 Day Moving Average is 6756; and the 34 Day Moving Average is at 6619; and Medium Term 50 Day Moving Average is 6462; and the Long Term, 200 Day Moving Average is at 6110. The Market Structure is Technically Speaking, BULLISH
  • Market Breadth: As on Wed 23 Apr 2014, the Market Breadth was 1.04, which is considered as Average , while at the end of the last trading session it was 1.01. The McClellan Oscillator reading was 41.2, which is considered as Normal
  • Nifty is going to be Extremely Over Sold at 6711, Over Sold at 6738 the mean is at 6803, Over Bought at 6868 and Extremely Over Bought at 6895
  • Volumes: On Wednesday 23 Apr 2014 Volume was 182,972,972 which was Above Average. For the next full trading session the Volumes are expected to be Below Average - somewhere around 142,000,000. The MFI reading was 58.6 while previously it was 58.4. The MFI tends to get Overbought above 72 and Oversold below 38
  • As per the EOD data available, the 2 EMA of Force Index (FI) read in conjunction with the 13 EMA of FI and 21 SMA of Closing Prices indicates that Nifty is currently IN AN UPTREND
  • Index Futures: The Open Interest in Futures at the End of the Day Wednesday 23 Apr 2014 was 25,443,800 while previously it was 22,583,100 a change of 12.67% The Cost of Carry of the Current Series Expiring on 24-Apr-2014 was 0.00% while previously it was 38.12% while the change in Open Interest was -15.25% which might suggest LONGS UNWINDING in the Current Series. The Cost of Carry of the Mid Series Expiring on 29-May-2014 was 8.61% while previously it was 8.84% while the change in Open Interest was 47.18% which might suggest SHORTS ADDITION in the mid series.
  • Index Options : The Open Interest in Options at the End of the Day Wednesday 23 Apr 2014 was 122,194,100 while previously it was 113,924,650 a change of 7.26%
  • The Index PCR is 0.99 while yesterday it was 1.1 a change of -0.11 or -10 %, which might suggest that more calls have been written and added into the Open Interest -- and while the normal range is 1.11 to 0.85 The Index Futures Volumes are likely to go up in the context of 2 to 5 days. On the other hand the Index Option Volumes are likely to go up in that same period as well The Index Options PCR is likely to remain depressed for next few days, which could indicate that a bearish sentiment might prevail amongst the majority of Option Writers for next few days
  • The daily VIX closed at 31.13, while previous close was 33.36, a change of -6.66% Lower than previous close. While the Normal Range for India VIX is 25 to 13
  • The Highest change in OI in calls is for 7000 Strike. There was a net addition of 23% in the OI for this particular strike. While the IV reads at 28.68.
  • The Largest change in OI in calls was for 6900 Strike. There was a net addition of 55% in the OI for this particular strike. While it's IV reads 21.99.
  • The Highest Volumes for were recorded for 7000 Strike - with 36813 contracts changing hands.
  • The Highest change in OI in puts is for 6000 Strike. There was a net addition of 17% in the OI for this particular strike.
  • The Largest change in OI in puts was for 6500 Strike. There was a net addition of 45% in the OI for this particular strike. This strike has the second highest Open Interest.
  • The Highest Volumes for puts were recorded for 6500 Strike - with 34319 contracts changing hands.
  • USDINR Pair: The RBI Reference Rate for 1 US Dollar was 61.0683 and it Gained against the INR by about 0.3536 (based on RBI Reference Rate). Change in Open Interest at the End Of the Day was 6.9% and the Actual Open Interest at End Of the Day was 8,38,411. The Daily Parabolic SAR is 60.3448