Weekly Derivative Market Report-21 March To 28 March 2015

Nifty Futures Tips

WEEKLY NIFTY future SPEAKS

Nifty future fell on Friday for a third co nsecutive session to a near 1-1/2 month closing low as bluechips such as ICICI Bank declined on worries that stocks have gone ahead of underlying anaemic earnings growth. The S&P BSE Se nsex and CNX Nifty ended 0.73%-0.74% lower each. Nifty future closed at 8635 with a high of 8815 with percentage change of -0.80 %. For this week nifty is having the resistance of 8825 and above this level next resistance of 8915 and in down side having the support of 8540 and next support of 8455. Open Interest addition was seen in 8700/8600 Calls and 8600/8700 Puts, Maximum OI concentration is placed at 9000 call indicating resistance for nifty and maximum OI is placed at 8400 put indicating support for market. 

WEEKLY BANK NIFTY SPEAKS

Bank nifty future falling for a third session, as blue-chips such as ICICI Bank declined on worries that stocks have gone ahead of underlying anaemic earnings growth. Last week bank nifty closed at 18566 with a high of 19517 with percentage change of -0.88 %. For this week bank nifty is having the resistance of 19050 and above this level next resistance of 19465 and in down side having the support of 18565 and next support of 18295.

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