NIFTY DERIVATIVE ANALYSIS FOR 6/feb/2014

F&O NEWS

India Indices-Wednesday Nifty Index opened +4.25 points up at+6004.25 fromthe previous closing at 6000.90 and closed in positive at +6022.40. In the opening of the market we saw hyper volatility in Nifty, between 9.15-11.30 o’ clock, we saw hyper movement in down trend but after 12.00 o’clock we saw buying pressure in nifty with uptrend and full day after 12.00 o’ clock nifty traded with buying pressure and closed in positive at 6022.40 from the previous day closing at 6000.90 and the full day Nifty Index traded between 6028.05-5962.05. At the end of the day Nifty Gained +0.10%,+6.15 points up to close at +6044.00from the previous day closing at 6037.85 with the premium of 21.60 points and percent change in open interest of+7.04%.

Bank Nifty–Wednesday Bank Nifty index opened up at +10215.65 in positive at +24.45 points up from the previous day closing 10191.20. In the opening of the market between 9.15-10.00 o’clock we saw hyper volatility in bank nifty in with selling pressure but after some time bank nifty recovered and made a high of 10254.05 in the opening of the market. We saw hyper volatility in bank nifty and it made a low of 10112.50 and closed in positive at 10231.65 with +40.45 points up and the full day bank Nifty traded between 10254.05-10112.50. At the end of the day bank nifty futures Gained+0.10%, +9.75 points up to close at +10265.00from the previous closing at 10255.25 with the premium of 34.00 points and percent change in open interest of+5.82%.

FII’s Activity– According to FII’s Activity on February 03 in F&O segment we saw FII’s were taking interest to create position in Index options only we saw hyper buying and selling of FII’s in Index Futures and stock futures and we saw buying pressure in stock options also.

DAILY PIVOTS

INDEX	S2	S1	PP	R1	R2
NIFTY	5940	5980	6005	6045	6070
BANKNIFTY	10060	10145	10200	10285	10340
SENSEX	19995	20125	20210	20340	20425

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