DAILY DERIVATIVE ANALYSIS FOR 19/05/2014

India Indices- Friday Nifty Index opened +147.10 points up at 7270.20 in positive from the previous day closing at 7123.15 and closed in positive at 7203.00. In the opening of the market we saw hyper buying In Nifty and near 10 o’clock Nifty made a life time high of 7563.50 and from there Nifty slipped down and made a day low of 7130.65 near 1.45 o’clock and from after that Nifty moved up but could not sustain at its previous level and Nifty closed in positive at 7203.00 with +1.12%, +79.85 points up from the previous day closing at 7123.15 and the full day Nifty Index traded between7563.50-7130.65. At the end of the day Nifty futures Gained +1.41%, +100.90 points up to close at 7244.00 from the previous day closing at 7143.10 with the daily premium of 41.00 points and percent change in open interest of +31.98% .

Bank Nifty – In the opening Bank Nifty Index opened +439.05 points up at 14675.60 in positive from the previous closing 14236.55 and closed in positive at 14853.00. In the opening Bank nifty index opened up and made a life time high of 15742.05 near 10 o’clock and the full day we saw selling in Bank Nifty and Bank Nifty made a day low of 14468.10 near the 1.45 o’clock and from there Bank Nifty moved up with normal buying but at the end of the market day Bank Nifty closed in positive at 14853.00 with +4.33%, +616.45 points up from the previous day closing at 14236.55. At the end of the market day Bank Nifty futures Gained +4.68%, +669.15 points up to close at 14969.50 from the previous day closing at 14300.25 with the daily premium of 116.50 points and percent change in open interest of 26.68%.

Nifty Futures- Friday Nifty Futures opened up at 7351.10 with 208.00 points up. In the opening Nifty opened positive and made a life time day high of 7625.00 near 10 o’clock and the full day we saw hyper movement in Nifty futures and Nifty made a day low of 7159.90 near 1.45 o’clock and from there Nifty moved up but at the end of the market day Nifty closed in Positive. At the end of the day Nifty futures Gained +1.41%, +100.90 points up to close at 7244.00 from the previous day closing at 7143.10 with the daily premium of 41.00 points and percent change in open interest of +31.98%.

 

DAILY PIVOTS

INDEX	S2	S1	PP	R1	R2
NIFTY	6866	7035	7299	7467	7732
BANKNIFTY	12959	14300	15021	15574	16295
SENSEX	22954	23538	24457	25041	25959

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