WEEKLY NIFTY DERIVATIVE ANALYSIS 31/march/2014
chavi verma
CNX NIFTY
In the weekly chart of Nifty Futures, we saw hyper volatility and movement in nifty index and nifty Futures, In the weekly chart of Nifty we can see continuous up trend from past four weeks, last week Nifty Futures took a support of 21 day’s moving average of 6287.00 in weekly chart and from there we saw hyper buying pressure in Nifty Index and made a Life time high of 6735.40 with 220.00 points up from the previous week closing 6516.00.We saw hyper buying in Nifty last week in which we saw top weekly gained in PNB with +17.04%, +109.25 Rs Changes, IDFC with +13.46%, 14.90 Rs change and SBI with 11.65%, +198.45 Rs change, we saw hyper selling also in which top Nifty’s Looser were DRREDDY with -5.56%, -154.60 Rs change, SUNPHARMA with -3.64%, -21.25 Rs. Change and WIPRO with -3.09%, -17.60 Rs change. From the past weeks we have seen hyper bullishness in nifty and on this behalf we can see another up levels in Nifty near 6800.00 and the full market week Nifty Futures traded between 6735.80-6532.20 and closed at 6735.40 with +0.68%, +45.65 points up on daily basis.