18-11-09 trading was range-bound and nifty closed at 5055-7 points.

• FII bought in cash, stocks and index futures.
• F&O nifty futures added next month series open interest.(bullish)
• Option writings are balanced. (as huge addition seen at 4800 put one can buy 4900 put for testing jackpot luck) 
• US markets are flat.
• Global cues are mixed.
• SGX nifty is in red.

Over all view: As seen from FII data there is no direction as of now. But as the market is facing resistance at higher levels one can go short if nifty breaks 5006 level.

As per 2 days trading FII sold in stocks and index futures and F&O nifty future shed open interest. Hence, it is expected though the market in green for the coming day book profits in longs. One can short below nifty 5025.

16-11-09 trading shows that markets opened up and traded in a narrow range and nifty closed at nifty 5058+58 points.  

• FII data shows that  bought in cash but sold in stocks & index futures.
• F&O data nifty future  o i added a small range.
• US markets were closed at new high.
• Global cues are flat.
• SGX nifty is flat to green.

Over all view: as seen from very little addition in nifty future open index and more selling ( profit booking ) by fii in F&O the nifty may face resistance here itself and corrects first for 100 points. If there is any further selling by FII in F&O then we can understand for further down side expectations. As of now don't short positional but book profits in longs. Expectation is that to the end of this week markets will complete correction as F&O role over to next month series and may start journey to up side in the next week.

13-11-09 trading show that markets took support at 4918 previous day and continued the upward journey.  Nifty closed at 5000+47 points.

• FII data more buys in cash, stocks futures and index futures.
• F&O nifty future added further means addition of longs.
• Option writing shows that more puts added and calls shed open interest.  
• US markets are bullish.
• Global cues are bullish.
• SGX nifty is in green.

Over all view: as seen from FII data and F&O data markets are preparing for upper breakout for creating new highs in this week. If any one wants to buy calls they can do with stop loss 5000 else wait for correction in the 2nd half of the week and go for calls for markets zooms in the next week.

12-11-09 trading shows that the markets faced resistance at 5020 zone not even reached 5045 and nifty closed at 4952.65.

• FII data first time sold more in stocks futures and index futures but bought a little in cash.
• F&O nifty futures sheds open interest small range.
• US markets are in red.
• Global cues are in red.
• SGX nifty is in red.
• Technical indicators are  bullish.
• Nifty support 4917 resistance is 5050.  

Over all view: As seen from the fii activity let us see today's trading for confirmation whether the fall is a correction or a continuation. If nifty falls below 4870 the mid term correction is on the cards.

11-11-09 trading continued the run and nifty closed at 5004+123 points.

• FII data more buys in cash, index futures and stocks futures (a continuous one for this month).
• F&O nifty future added further.
• Option writings: huge addition in put options means very strong bullishness and shedding in call options.
• US markets are Green to flat.
• Global cues are Green to flat.
• SGX nifty is green to flat.
• Technical indicators are bullish.
• Resistance for nifty as per hourly chart is 5045.

Over all view: As seen from the speed in rise and very huge writings in puts markets are having very high level targets. But, before making a new high market has to get corrected and that may be within two days to four days. But, the upper levels are intact.

10-11-09 trading shows that nifty faced resistance at 4930 zone and lost some ground before close at nifty 4982-16 points.

• FII data more buys in cash, stocks futures and index futures.
• F&O nifty futures sheds open interest.
• Option writings: more call writing at 4900 and puts shedding at 4900 puts.
• US markets are flat.
• Global markets are flat to positive.
• SGX nifty positive.

Over all view: As seen from FII data more longs are being added by them means this correction is only temporary one.  The final journey as expected is to long side. Else, the signals in F&O should be seen in today's trading. 

9-11-09 trading shows that the range of 4600-6900 is to be broken on upper side as predicted because of continuous long buildup by FIIs in stocks futures. Nifty closed at 4898+102 points.

• FII data more buys in cash, index futures and stocks futures (continuous for this month).
• F&O nifty futures added o i.
• All technical indicators are clearly upward. Yet nifty has to cross bearish retracement levels @4930.
• Option writings also shows bullishness by writing more puts than calls.
• US markets took huge jump by closing above 10200 mark.
• Global cues are +ve.
• SGX nifty +ve.

Over all view: Now the market is at 4930 resistance zone that is to be passed clearly. But, as seen from FII build up in F&O this resistance can be passes very easily. Then one can expect new high in this month with intermediate corrections. As of now no down side expectation beyond 100 point correction. 

6-11-09 trading shows the nifty faced resistance at opening levels and lost some steam before close at nifty 4796 +30.

• FII data : bought in cash, index futures and stocks futures.
• F&O nifty futures sheds open interest means profit booking in longs.
• Option writings: more put writing  at 4700 & 4600  and more call writing at 4800 & 4900 means the short term range is between 4900 to 4600.
• Nifty has to break the range in this month?.  
• US markets and Global cues are flat to + ve.
• SGX nifty is flat.

Over all view: As seen from FII long build up in stocks futures continuously and 26.4 lakhs index futures net buying, it is felt that final journey for this month may be to long side with immediate trading side ways for one or two days. Hence, it is felt that one may try to accumulate the calls of 4900/4800 for this week targeting the settlement closing above 4900.

4-11-09 trading bounced back the previous day's fall and nifty closed at 4711 + 149 points.

• FII data bought in cash, stocks futures (3 rd day longs) and index futures (cleared previous day's shorts).
• F&O nifty futures sheds 23.4 lakhs (cleared previous day's shorts).
• Options writing shows that calls shed open interest and 4600 puts added hugely.
• US markets traded in green but closed flat.
• Global markets are in red.
• SGX nifty green overnight but red now.
• Most of the stocks futures sheds shorts.
• Market is still below 5 day ema .
• Technical indicators are just turned up from over sold zone.

Overall view: As expected, while reversing the market most of the shorts in index and stocks futures shed and nifty gained the previous day's loss completely. Unless we see the reversal again markets will rise further before resuming the fall.

Nifty targets are 4750-4860-4930. Supports are previous day's low.

For believing the rise today's trading is to be observed for any support build up of open interest in index and stocks futures. Otherwise the fall will continues....

3-11-09 trading continued the fall and nifty lost 149 points to close at 4563.

• FII sold in cash, sold in index futures (around 25 lakhs) and bought in stocks futures. (2nd day)
  
• F&O nifty futures added open interest.
  
• US markets flat and red.
• Global markets are flat.
  
• Option writings are showing bearish.
  
• SGX nifty is + ve as of now.
  
• Levels broken very easily.
  
• Next support is at 4400-4350.
  

Over all view: As seen from the open interest addition in nifty futures and FII O I shorts in index futures the market will fall further. Else, the heavy buying in nifty futures is to be observed on intraday basis before a confirmed rise. As of now it is continuation.... fall.....

Don't try to catch the falling knife.

First day of new settlement series.

On the first day of new settlement series nifty bounced up and from there drifted downward.At mid day this drift aggravated and finally lost ground to close nifty at 4712.

• US markets were lost ground hugely on Friday's trade but gain some ground (but not strong) on Monday's trade.
• Asian markets are red -to - flat.
• FII data net buying in stocks futures, index futures, cash.
• F&O nifty future added 4.2 lakhs with discount in futures.
• Option writing shows more calls O I addition at 4900,4800,4700, 4600 too and put addition at 4600,4500,4400 puts. SGX nifty 4655 at present - 41 points.
• Technical indicators are in over sold zone.
• 10 days of continuous fall and may bounce at any time.
• Nifty support levels 4580-4350.
• Resistance 4800-4880. Today's pivot is 4750.

Over all view: As the markets are falling for the last 10 days we may expect bounce at any time. Also as per FII data in F&O first time more buying in index/stocks futures this may be first sign of support to markets but it should be analysed with one more day's data. Today trade with reference to 5 day chart and with pivot point of 4750. Any bounce is expected up to 4880 only. Even Monday's trading of US markets are not referring strength. Hence, overall view of world markets is negative. But, wait for a bounce for shorting market once again for a target of 4350-3950 to the end of November/first week of December.