30-3 AUG - NIFTY double top,big weakness in global market

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30-3 AUG - NIFTY double top,big weakness in global market

Post budget NSE sector Index

NIFTY 11278 - nifty gain 260 points last week.    another double top on monthly chart is at 11200.  Below 10950 nifty confirm sell mode. above 11300 long term buying is good. 

Resistance 1  support 1 daily WMA 10950/830

bounce from 63.20 low but and hit 69.5. USDINR ABOVE 65 now at 69. market is weak above 68. 

Short and mid term outlook and strategy for NIFTY option

KEEP SELLING NIFTY CALL 10100 N ABOVE FOR SEP18/DEC18 BELOW 11200
BUY NIFTY PUT 10100 N BELOW FOR SEP18/DEC18 AT 10900/11200

Nifty future and option analysis

 - Future open interest rising due to short selling built up in NIFTY  and BANKNIFTY 

Out of money call are at discount in  options. than fair value

Out of money put are at premium in  options  than fair value

indicating fall 

stock fut OI LONG  SHORT  BUYCOVER SELLCOVER

UP STOCK/FUT - /20 traderscockpit.com above 65 points

+65 NIITTECH*BATAINDIA*ITC*HAVELLS*GODREJIND*MRF*PIDILITIND* INDIANB*M&MFIN*EXIDEIND*MARICO*BAJFINANCE*INFY* KSCL*BAJAJFINSV*RELIANCE*GAIL*HDFC*JINDALSTEL*TATAELXSI* 

 +55 APOLLOTYRE*INDUSINDBK*SAIL*TORNTPHARM*ARVIND*DHFL* AXISBANK*DABUR*ASIANPAINT*BERGEPAINT*BHARATFIN*PAGEIND* MCDOWELL-N*INFIBEAM*BANKNIFTY*HINDALCO*TCS*ULTRACEMCO* BIOCON*JUSTDIAL*OFSS*TATASTEEL*CIPLA*NIFTY*JSWSTEEL*NCC* TATAMTRDVR*CADILAHC*ESCORTS*ICICIBANK*KTKBANK*VEDL* GODFRYPHLP*CONCOR*RBLBANK*IDEA*AJANTPHARM*JISLJALEQS* RAMCOCEM*PETRONET*PTC*REPCOHOME*BOSCHLTD*IRB*LT* TECHM*TORNTPOWER*GSFC*L&TFH*VGUARD*BHARATFORG* DLF*HINDZINC*PEL*UNIONBANK*ALBK*SRF* 

 +50 BALRAMCHIN*CUMMINSIND*SBIN*POWERGRID*TV18BRDCST* ZEEL*EICHERMOT*MOTHERSUMI*BEML*CESC*HCC*IDFC* MUTHOOTFIN*TATAMOTORS*UJJIVAN*UPL*CANFINHOME* GRASIM*ANDHRABANK*GMRINFRA*RELCAPITAL*SHREECEM* TATAPOWER*ADANIPOWER*AMBUJACEM*ENGINERSIN*ICICIPRULI* KOTAKBANK*NMDC*TATACHEM*ACC*ADANIENT*ADANIPORTS* BHARTIARTL*CAPF*CGPOWER*ORIENTBANK*RPOWER*VOLTAS* HINDUNILVR*RAYMOND*RECLTD*BHEL*CHENNPETRO*IDFCBANK* LICHSGFIN*MGL*MFSL*PFC*BRITANNIA*GLENMARK*NHPC*MCX* MINDTREE*CANBK*CASTROLIND*CENTURYTEX*FEDERALBNK* BANKINDIA*DALMIABHA*GRANULES*INDIACEM*BALKRISIND* DCBBANK*DIVISLAB*IBULHSGFIN*JUBLFOOD*M&M*PNB* RCOM*RELINFRA*SYNDIBANK*

DOWN STOCK/FUT - /16 traderscockpit.com below 40 points

HEROMOTOCO*INFRATEL*JPASSOCIAT*APOLLOHOSP* DISHTV*DRREDDY*CHOLAFIN*ASHOKLEY*WIPRO* BAJAJ-AUTO*SREINFRA*PVR*TVSMOTOR*INDIGO* PCJEWELLER*SOUTHBANK*

STOCK/FUT STRONG BUY     - above 50 SMA  & 200 SMA      - 216/66

STOCK/FUT BUY                  - below 50 SMA above 200 SMA -    62/8

STOCK/FUT SELL                -  below 200 SMA above 50 SMA- 271/53

STOCK/FUT STRONG sell-  below 50 SMA  & 200 SMA          - 1037/79