Archive for August, 2011

August 2011 – Expiry Chart

Friday, August 26th, 2011

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August 2011 – Expiry Chart

Friday, August 26th, 2011

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Nifty Aug 2011 – Monthly Chart

Thursday, August 25th, 2011

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Is nifty heading to a close near 4800 levels for August expiry ?!

Thursday, August 25th, 2011










Yesterday markets saw a break down of 4900 levels and also closed below that. Throughout the series bears were able to pull back nifty from any small bounce and it is expected that bears will take control for the expiry also and push nifty for a close around 4804 levels today.
The important ceiling to watch out for today is 4927 level and it is not expected that the markets will go above that level in the initial half of trade, the hard ceiling being 4941.
Resistance levels : 4906, 4927, 4941

Support levels : 4872, 4845, 4796



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Nifty 23rd Aug 2011 – Data

Wednesday, August 24th, 2011






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Are we heading back towards 4800 for the expiry of August series ?!

Wednesday, August 24th, 2011

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Nifty 22nd Aug 2011 – Data

Tuesday, August 23rd, 2011






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Nifty 19 Aug 2011

Friday, August 19th, 2011

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Nifty 18 Aug 2011

Thursday, August 18th, 2011

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A break of 5000 support today ?!

Thursday, August 18th, 2011










Nifty has been hovering in a tight range for more than a week with strong resistance around 5200 levels and has been taking support everytime it nears 5000 levels.
It looks like bears can take control today and push nifty below the key level of 5000, and can even take nifty to test 4906 levels for the day. Yesterday was a change in sentiment where towards the end of the day, the implied volatility of puts were less than the calls and Nifty went into heavy premium towards the end.
The highest OI in any contract till now is only around 75 lakhs and it has not touched the crore mark for any strike. Yesterday again there was a huge increase in 4800 puts OI.
Resistance levels : 5079, 5112, 5144

Support levels : 5036, 4946, 4906

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