iCharts Discussions

[mikky]

[mikky]

NIFTY traded in small range of 30 points. It can give big move on either direction soon.

BANK NIFTY traded in small trading range of 100 points, very well poised to decisive direction.

FII Activity:
Cash Segment:
FII: + 694 Crores
DII: - 433 Crores
Derivative Segment:
IDEX FUTURES: + 177 Crores
INDEX OPTIONS: - 562 Crores
STOCK FUTURES: - 508 Crores
STOCK OPTIONS: - 119 Crores

Option Front:
Last day to expiry week, so all action shrinks down to 7500 and 7600 level.

Expiry day always pull out surprise, lets see what is store for tomorrow.

[mikky]

BUY BAJAJ AUTO JULY 2350 CE @45 TGT 65-73-81 SL 30

[mikky]

NIFTY and BANK NIFTY closed near support level of 7500 and 15000. In couple of days market decide the direction UP or DOWN.

If NIFTY and BANK NIFTY bounced from here then market may see new high and if it broke below 7432 then we may see deeper correction.

FII Activity:
Cash Segment:
FII: - 601 Crores
DII: + 170 Crores
Derivative Segment:
IDEX FUTURES: + 153 Crores
INDEX OPTIONS: + 685 Crores
STOCK FUTURES: - 1312 Crores
STOCK OPTIONS: + 397 Crores

Option Front
Index option picture will be clear in couple of days.

[mikky]

[mikky]

BUY SBI 2580 PE @60.5 TGT 71-75-79 SL 45

[mikky]

SELL NIFTY FUT Only@7540-7545 TGT 7520-7508 SL 7565

[mikky]

NIFTY holds 7480 support on first trading day of July Series. Until NIFTY holds 7480-7432, it can bounce back in short term.

BANK NIFTY hanging just above 15000, in short term it made a range of 15000-15400.

Break-out in CNX IT and PHARMA are visible. Traders can concentrate on these sectors for quick gains.

FII Activity:
Cash Segment:
FII: + 182 Crores
DII: - 172 Crores
Derivative Segment:
IDEX FUTURES: - 10 Crores
INDEX OPTIONS: + 1019 Crores
STOCK FUTURES: - 896 Crores
STOCK OPTIONS: + 8.5 Crores

Option Front:
Call and Put buying is visible on first day. So BULLS and BEARS are equally distributed. This month market may remain extreme volatile due to Budget expectation and reaction as well as quarterly result of corporate.

Coming Week:
July month may bring surprise as Budget and quarterly results will be announced. Currently BULLS and BEARS are equally distributed and waiting to regain their territory.

Currently, break out in last week of JUNE in PHARMA, IT and FMCG suggests up move in NIFTY is limited as these 3 sectors can restrict NIFTY's downside but can not take it up. This also means that traders are shy of cyclical's which may under perform or may drag down NIFTY.

Caution Area: After election, Banks, Finance, Auto, Capital Goods and Metal ran up a lot. Now with upcoming budget and their results, stocks will get reality check which can make surprising/un-expected move in prices.

Region of out performance: Govt has focus on Infrastructure, Reality, FMCG and Power so expect out performance from these sectors in coming months.

Disclaimer: This view may change next week depending on price and sentiment movement. So be careful before taking any position based on it.

[mikky]

[mikky]

NIFTY gave big up move but still in trading range of 7500-7650. Until NIFTY is below 7650, it could be tricky to go long now. Until NIFTY Spot will not clear 7650, i will not take long positions.

BANK NIFTY is moving in trading range of 15000-15400. Some PSU banks may give opportunity to go long, but again wait until 15400 is not cleared.

CNX-IT and PHARMA continued up move..

FII Activity:
Cash Segment:
FII: + 1288 Crores
DII: - 181 Crores
Derivative Segment:
IDEX FUTURES: - 324 Crores
INDEX OPTIONS: + 272 Crores
STOCK FUTURES: - 141 Crores
STOCK OPTIONS: + 35 Crores

OPTION Front:
As per NIFTY option market is looking bullish.

i would like to avoid trading until market will not break out above 7650 or break down below 7500 until some definite trade comes up.

[mikky]

BUY NIFTY 7800 CE @85 TGT 100-120-135 SL 70

[manojrp]

[mikky]

NIFTY pause today but gave follow-up small up move. This is consolidation before big up move. During the day, NIFTY tried break past 7650 couple of time but not able to break. Option data suggesting big positive under current.

Consolidation for BANK NIFTY is good for upcoming move.

CNX IT and CNX PHARMA corrected which indicates money is again rotating out of defensive sector and moving to cyclical.

FII Activity:
Cash Segment:
FII: + 856 Crores
DII: - 774 Crores
Derivative Segment:
IDEX FUTURES: - 47 Crores
INDEX OPTIONS: + 392 Crores
STOCK FUTURES: + 663 Crores
STOCK OPTIONS: - 12 Crores

OPTION Front:
NIFTY CALLS buying are visible @7800, 7900 and 8000 level and Short Covering @7600 level.
Highest level of NIFTY PUT writing are visible @7500 and 7600 level.

[mikky]

[mikky]