Thursday, April 7, 2011

Nifty Futures Levels for 8 April (Tomorrow Market Trend)

Nifty Futures (5902) is currently in BULL trend. Yesterday the trend was BEAR WITH LV In Apr series Nifty future shed 1.7 lakh position in Open Interest and this accounts to -0.633910272712 % of Total Open Interest in Apr series.The Nifty Apr series is trading at 16.3 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 1.06 lakh position in open interest and this accounts to -0.37 % of Total Open Interest in all series and cumulatively trading in average premium of 32.52 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down move


Nifty Pivot Points-

R3

R2

R1

Pivot

S1

S2

S3

5953.33

5930.05

5916.02

5905.22

5887.98

5873.95

5850.67