Monday 23 February 2015

Nifty Future Trend Level For Today 24 Feb 2015

NIFTY FUTURE-CMP(8753.45) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BEAR In Feb series Nifty future shed 64.13 lakh position in Open Interest and this accounts to -38.81 % of Total Open Interest in Feb series.The Nifty Feb series is trading at 1.5 Rs discount to Underlying . In derivative cumulatively for all series contract Nifty future net shed 3.53 lakh position in open interest and this accounts to -1.31 % of Total Open Interest in all series and cumulatively trading in average premium of 60.58 Rs to Underlying. The open interest is also not increasing with trend so be careful
At current price strike the activity is tilted to call side and ratio is still strong Yesterday Nifty Put option has added 607.15 lakh position and Nifty call option has added 709.2 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has shed Rs -1 crore in value and Nifty call option has added Rs 103.25 crore in value on cumulative basis..
Nifty & Bank Nifty Fut Levels for today ::

Nifty Future::
Trend:ideway
Pivot Level:8811
Support:8677/8601/8467 
Resistance:8887/9021/9097

Bank Nifty Future::
Trend:ideway
Pivot Level:18997
Support:18743/18580/18326
Resistance:19160/19414/19577

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