DAILY NIFTY DERIVATIVE ANALYSIS AND REPORT FOR 6TH MARCH

F&O NEWS 

India Indices- Wednesday Nifty Index opened +30.45 points up at +6328.45 in positive from the previous closing at 6297.95 and closed in positive at 6328.65. On Wednesday Nifty opened with 30.45 points up from the previous closing and the full market day we saw hyper movement in nifty but after the opening of the market Nifty index traded with selling pressure and made a day low of 6287.80 near 12.00 o’clock and after that we saw hyper recovery in Nifty and made a high of 6336.25 near the closing of the market and at the end Nifty index closed in Positive at 6328.65 near to our 1^st resistance with 6350.00 with +0.49%, +30.70 points up from the previous day closing 6287.80 and the full day Nifty Index traded between 6336.25-6287.50. At the end of the day Nifty futures Gained +0.21%, +13.40 points up to close at +6347.25 from the previous day closing at 6333.85 with the premium of +18.60 points and percent change in open interest of +7.35%. 

Bank Nifty – Wednesday Bank Nifty Index opened +58.55 points up at +10987.60 in positive from the previous closing at 10929.05 and closed in Positive at +11098.80. On Wednesday Bank nifty opened in positive but after 11 o’clock we saw selling pressure and made a day low of 10899..40 after that we saw recovery in Bank Nifty Index with hyper buying pressure and a day high of 11122.85 near the closing of the market and closed in positive at 11098.80 near to our 1^st resistance and the full day bank nifty index traded between 11122.55-10899.40. At the end of the market day Bank nifty index closed in positive at +11098.80 with +1.55%, +169.75 points up from the previous day closing at 10929.05. At the end of the day Bank Nifty Futures Gained +1.42%, +155.70 points up to close at +11118.45 from the previous closing at 10962.85 with the premium of 19.75 points and percent change in open interest of +10.04%. 

FII’s Activity– According to FII’s Activity On March 03,2014 in F&O segment we saw FII’s were taking interest to create position in index options and stock futures only we saw hyper buying and selling in Index Options and short positioning in index futures.

 

DAILY PIVOTS

INDEX	S2	S1	PP	R1	R2
NIFTY	6270	6300	6320	6350	6365
BANKNIFTY	10820	10960	11040	11180	11265
SENSEX	21105	21190	21260	21350	21420

 

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