Thursday, April 14, 2011

Nifty Support and Resistance for 15 April

NIFTY FUTURE is currently in BEAR trend . Yesterday the trend was VERY STRONG BULL In Apr series Nifty future added 17.08 lakh position in Open Interest and this accounts to 6.55884391687 % of Total Open Interest in Apr series.The Nifty Apr series is trading at 26.6 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 20.01 lakh position in open interest and this accounts to 7.14 % of Total Open Interest in all series and cumulatively trading in average premium of 42.28 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious.

R3

R2

R1

Pivot

S1

S2

S3

6141.47

6049.23

5916.02

5878.78

5882.53

5826.97

5734.73