Nifty Daily Analysis as on 26/02/2018 – Futures & Options Derivative Analysis (Read More)

buy Pregabalin uk next day delivery Nifty Overall Analysis

Bulls are back in Dalal Street! Nifty formed three bullish candles in a row in the daily chart. Index opened gap up with the support of global cues and we saw strong buying interest throughout the day. Nifty closed intraday near the high point of the day which indicates that the bulls are now in upper hand. Technically, index closed today above the 50 EMA and 50 SMA 10617 will be the next hurdle to cross. Close above the 50 SMA will make the bulls aggressive coming days. 10630-10600 will be a strong resistance near term and close above 10630 can take nifty up to 10900 levels.

Global indices are also in tune with the bulls. FII’s are selling aggressively in the cash market and they have sold shares worth of 1119Cr today. However, in the March series FII’s have 100k long positions in the index options. India VIX is also cooling for the last few trading sessions and VIX closed today at 13.69.

Nifty Realty, Nifty Media & Nifty Infra sectors outperformed and Nifty IT, Nifty PSU Banks & Nifty Pharma sectors underperformed today. MARUTI, TATAMOTORS & LT were the major gainers and SUNPHARMA, TCS & TECHM were the major losers. In the NSE stocks, Advance decline was in total favor for the bulls, 922 stocks advanced and 578 stocks declined. 20 stocks made 52 week high and 20 stocks 52 week low as well.

http://sullivanbrospainting.com/wp-json/oembed/1.0/embed?url=http://sullivanbrospainting.com/machinery-coatings/ Nifty Derivative Analysis

FII’s bought 12483 long index futures and added 291 short Index futures position. FII’s Net Index futures position is 2972 (Long positions).

Pro’s sold 153 long index futures and covered 76 short index futures position. Pro’s Net Index futures position is 1650 (Long positions).

  • Options

FII’s bought 5312 long call options and added 1167 short call options. Net call option positions in the index are 100683.

FII’s bought 16924 long put options and added 5899 short put options. Net put option positions in the index are 164464. (Every month FII’s buy around 2lakh put contracts for portfolio hedging)

PRO’s sold 6182 long call options and added 5934 short call options. Net call option positions in the index are – 76454.

PRO’s sold 426 long put options and added 30407 short put options. Net put option positions in the index are -59943.

Put call ratio for the current series is 1.10. PCR above 1.10 is bullish

India VIX closed today at 13.69 VIX above 13 is bit cautious. VIX cooled 3.57 % intraday.

10700CE is having the highest OI in the call side and 10730 will act as resistance.

10400/10000PE is having the highest OI in the put side and 10388 will act as support.

FII’s are long in the index options by 100K contracts and long in put options by 164K (Every month FII’s buy average 2lakh put contracts for portfolio hedging).  PRO’s have added 30K short put options and PRO’s net position in the index derivatives looks neutral. Today we saw fresh put writing in 10500 & 10600 strikes and call unwinding in 10500 strike.

  • Stock Futures

Long build up was seen in INDIGO, RCOM & VOLTAS and Short built up was seen in ORIENTBANK & PAGEIND.

Nifty Technical Analysis

10630-10600 Zone will be a strong resistance and if index close above 10630 levels then chances are index will test 10900.

10300 – 10270 will be a strong support and if index close below the levels then chances are index will test the 200DMA/10030 Previous Swing low.

Nifty closed above the 50 EMA and currently it is trading below the short term moving averages.

MACD still gives a sell signal. MACD getting is ready for a bullish crossover.

RSI is in no trade zone.

Nifty Outlook

Nifty may face some resistance around the 50 SMA which is placed around the 10617. Current market sentiment is bullish and best strategy for time being is buying on dips. 10630-10600 Zone will be a strong resistance for the next few sessions and if index close above 10630 levels then chances are index will test 10900 levels in no time. We have seen huge selling pressure around 10630-10600 zones previously and we have to wait for a close above this zone. Above 10630 those who are long in the index can further add on positions and trend followers will also join the party.

 

 


Disclaimer: This site has been designed for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced upon the site. The services and information provided through this site are for personal, non-commercial, educational use and display. www.niftyjournal.com does not provide investment advice through this site and does not represent that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: