Nifty in NO TRADE ZONE???

It will be better to be hedged....

Shorts need not be terrified, but can be safer by hedging....

Is it the time to wait & watch?

Be careful. It is an expiry day. Don't get caught on wrong side.

Under the guidance of seniors, I will try to put forward the daily ema of 3,5,8,13,18,21,24,29,34.
I will try to take utmost care in presenting the data, but you may confirm it your self.

NIFTY SPOT TODAY

OPEN	HIGH	LOW	CLOSE	PR.CL	%CH	VOLUME	T’OVER L
3039.25	3040	2957.05	2968.65	3039.30	-2.32	303,129,447	570,538.32

EMAS

Date	Ema3	Ema5	Ema8	Ema13	Ema18	Ema21	Ema24	Ema29	Ema34	Close
15.12	2941	2906	2865	2832	2830	2839	2853	2885	2923	2981.20
16.12	2991	2951	2904	2862	2852	2857	2868	2895	2930	3041.75
17.12	2973	2952	2916	2876	2863	2866	2875	2899	2931	2954.35
18.12	3017	2988	2948	2902	2884	2884	2890	2910	2939	3060.75
19.12	3047	3018	2977	2927	2904	2901	2905	2921	2947	3077.50
22.12	3043	3025	2991	2943	2918	2914	2916	2929	2952	3039.30
23.12	3006	3006	2986	2947	2924	2919	2920	2932	2953	2968.65

NIFTY F&O SNAP SHOT

Exp.Dt	Close	% Change
25-12-08	2,972.85	-22.71
29-01-09	2,986.95	26.5
26-02-09	2,994.55	14.58

Expiry Dates 25-Dec-2008, 29-Jan-2009, 26-Feb-2009 are only considered for the following

CEOPENINT	CHG(CALL)	PEOPENINT	CHG(PUT)	PCR
30,349,750	1,521,300	44,456,600	-1,010,300	1.46

Choppy day to start the week...

Spot Nifty Close 3039.30 [3077.50 -38.20 (-1.24%)]

F&O snapshot

Symbol	Exp.Dt	Close	% Change
Nifty	25-12-08	3,039.35	-9.71
Nifty	29-01-09	3055.80	35.18
Nifty	26-02-09	3,064.60	12.68

Expiry Dates 25-Dec-2008, 29-Jan-2009, 26-Feb-2009 are only considered for the following

CEOPENINT	CHG(CALL)	PEOPENINT	CHG(PUT)	PCR
28,527,150	1,007,650	45,766,200	640,350	1.6

Time to wait and watch?????

F&O Snapshot

Symbol	Exp.Dt	Close	Open Interest	Change	% Change
Nifty	25-12-08	3082.40	30,505,926	-3,252,400	-9.63
Nifty	29-01-09	3,101.30	13,706,500	3,517,000	34.52
Nifty	26-02-09	3,103.50	86,750	5,300	6.51

PCR 1.7

Nifty Options

SYM	OPT	EXP	STRIK	OP,HI,LO,CLS	CNTS.	OPENINT	C'O'INT
NIFTY	CE	25Dec08	3,100.0	44.0,59.35,30.0,42.9	252,303	3,215,400	-19,700
NIFTY	PE	25Dec08	3,000.0	38.0,44.4,19.05,25.2	164,296	3,703,300	145,300
NIFTY	PE	25Dec08	3,100.0	75.0,93.0,44.5,61.35	136,811	1,937,150	344,150
NIFTY	CE	25Dec08	3,200.0	18.3,19.5,9.15,13.3	125,353	3,125,000	714,550
NIFTY	PE	25Dec08	2,900.0	16.0,19.0,6.2,7.7	112,413	4,707,250	470,800

Great Bear Trap......

F&O Snap Shot

SYMBOL	EXDATE	CLOSE	CONTS.	OPENINT	C'O'INT	C'O'INT (%)
NIFTY	25-Dec-2008	3,076.35	917,820	33,758,326	-3,259,250	-8.8
NIFTY	29-Jan-2009	3,090.25	149,240	10,189,500	4,114,950	67.74
NIFTY	26-Feb-2009	3,095.15	689	81,450	4,900	6.4

Some technical levels

SMA-7:2972.54 SMA-13:2853.18 SMA-26:2810.42 SMA-50:2967.42 SMA-200:4167.15
EMA-12:2908.73 EMA-26:2898.33 EMA-50:3072.15 EMA-200:3780.76

Today bulls not only defended the support levels but nullified the yesterday's loss.