DERIVATIVE ANALYSIS FOR THE WEEK as on April 28 ,2014

[reena sharma]

CNX NIFTY

In the weekly chart of Nifty Futures, we saw much buying in Nifty index and Nifty Futures, In the opening of the week we saw buying in Nifty and Nifty futures made a weekly and life time high of 6902.00 but at the end of the week Nifty slipped down and we saw profit booking at this level and Nifty closed negative with weekly low of 6801.20. In the daily chart, Nifty Futures took a support of 21 day’s Exponential Moving average of 6735.00 and from there we saw bullishness in Nifty Futures, in which we saw top weekly gained in M&M with +7.40%, +73.75 Rs Changes, and L&T with +6.38%, +80.95 Rs change and we saw top weekly Loosed in WIPRO with -11.37%,-66.60 Rs change, and CAIRN with -9.18%, -33.85 Rs change but in the comparison of last week closing Nifty closed positive with +0.40%,+26.35 points up at 6826.30.

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