WEEKLY DERIVATIVE MARKET REPORT-13 APRIL TO 18 APRIL 2015

Nifty Futures Tips

WEEKLY NIFTY future SPEAKS

Nifty future closed nearly unchanged on Thursday but rose for the second straight week as gains in lenders such as State Bank of India were offset by profit-taking in some of the recent outperformers. The S&P BSE Se nsex fell 0.02% and CNX Nifty ended 0.02% higher each. Nifty future closed at 8805 with a high of 8823 with percentage change of -0.068%. For this week nifty is having the resistance of 8880 and above this level next resistance of 8975 and in down side having the support of 8710 and next support of 8615, Open Interest addition was seen in 9000/8900 Calls and 8500/8700 Puts. Maximum OI concentration is placed at 9000 call indicating resistance for nifty and maximum OI is placed at 8500 put indicating support for market. 

WEEKLY BANK NIFTY SPEAKS

Bank nifty future rose for the second straight week as gains in lenders such as State Bank of India were offset by profit-taking in some of the recent outperformers. Last week bank nifty closed at 18840 with a high of 18968 with percentage change of -0.64 %. For this week bank nifty is having the resistance of 19050 and above this level next resistance of 19450 and in down side having the support of 18405 and next support of 18015.

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