Nifty Trend Outlook For Today 21 Nov 2014-- By Gravita Research

NIFTY FUTURE-CMP(8420.35) is currently in BULL trend . Yesterday the trend was CONFUSION TREND In Nov series Nifty future shed 5.73 lakh position in Open Interest and this accounts to -2.68 % of Total Open Interest in Nov series.The Nifty Nov series is trading at 18.45 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 1.23 lakh position in open interest and this accounts to -0.5 % of Total Open Interest in all series and cumulatively trading in average premium of 67.75 Rs to Underlying. The open interest is also not increasing with trend so be careful In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to call side and ratio is still strong The Nifty Put option is trading at discount so sentiment at lower level seems cautious Yesterday Nifty Put option has added 734.82 lakh position and Nifty call option has added 661.7 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 18.29 crore in value and Nifty call option has shed Rs -2.29 crore in value on cumulative basis-- Nifty & Bank Nifty Fut Levels for today :: Nifty Future:: Trend:ideway Support:8349 Resistance:8462 Bank Nifty Future:: Trend:ideway Support:17472 Resistance:18830 Call On --- 9993716323,8827706187 For More Detail visit Our SIte -- http://www.gravitaresearch.com/includes/nifty_tips.php