Eod : (let me try)!- In cash segment FII sold again today with DII : FII sold 266 Cr , DII sold 439 Cr- In FnO , FII bought Index Futures net 264 cr with average price of 7310 for their OI holding. - OI has increased for NF by 2.33% - 5 Lacs NF added (Shorts added as price fell?) - NS made lower high, lower low today compared to yesterday...Took support at week pivot which was support indicated by Master in pre-market. - For tomorrow :Closing SoR is the rule ? It has been happening for past few days and trading range will give whips to some of us who are still not comfortable with intra-day trades.Its Near weekend and closing today below Dev Week Pivot.Tomorrow day pivot : 7250Contracting triangle and on hrly/30 minutes with flat B going on, can breakdown below 5 DEMA ?Or breakout above 7300 now ?Resistances : 7265/68 first = 7290/7300 next ? = 7352 (Critical)Support : first 5 DEMA of 7211 (Also S1 for tomorrow), then 7190 (recent low) and then let 7131 be breached ... for a C to be done..!PS : I confess that I still don't follow rules and ideas strictly...Putting it here to shame myself...!! But lets face this...lets go sane from insanity in our heads...!!Master bless us all....God Bless him !!
Namaste Ilango Sir & Blogmates, Bullish with Caution: Profit booking seen from the last few days and the index closed in the red after 9 days of positive close, Support getting stronger around 7200 but huge resistance around 7400-7500 level....: Option Analysis for 21-05-2014Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal