DAILY DERIVATIVE ANALYSIS 25/JULY/2014

India Indices- On Thursday market Nifty Index opened up with +0.05 points at 7796.25 in positive from the previous day closing at 7795.75 and closed in positive at 7830.60. Nifty opened up with the day low of 7771.65, At this level we saw normal movement in Nifty and the full day we saw continuous buying in Nifty and near the closing of the market Nifty spot traded with the life time high 7835.65 and closed positive at 7830.60 with +0.45%, +34.85 points up. And the full day Nifty Index traded between 7835.65-7771.65. At the end of the day Nifty futures Gained +0.53%, +41.35 points up to close at 7832.90 from the previous day closing at 7791.55 with premium of +2.30 points and percent change in open interest of +3.38%.

Bank Nifty –Bank Nifty index opened Gap up at 15471.35 with +8.35 points up from the previous day closing at 15463.00. Bank Index opened positive with the same day low of 15410.20, From the opening to the closing we saw continuous buying in Bank Index and near the closing of the market Bank Index traded with the day high of 15559.10 and closed in positive at 15534.35 with +0.46%, +71.35 points up, and the full day Bank Nifty Index traded between 15559.10-15410.20. At the end of the market day Bank Nifty futures Gained +0.48%, +74.70 points up to close at 15569.30 from the previous day closing at 15494.60 with the daily premium of 34.95 points and percent change in open interest of -1.34%.

Nifty Futures- Nifty futures opened negative at 7788.90 with -2.65 points down from the previous day closing at 7791.55. Nifty opened negative with the day low of 7762.90 but the full day we saw continuous buying in Nifty and near the closing of the market Nifty traded with the day high of 7839.00 and closed positive at 7832.90 with +0.53%, +41.35 points up. And the full day Nifty Futures traded between 7839.00-7762.90. At the end of the day Nifty futures Gained +0.53%, +41.35 points up to close at 7832.90 from the previous day closing at 7791.55 with premium of +2.30 points and percent change in open interest of +3.38%.

DAILY PIVOTS

INDEX	S2	S1	PP	R1	R2
NIFTY	7749	7790	7813	7854	7877
BANKNIFTY	15352	15443	15501	15592	15650
SENSEX	25999	26135	26214	26350	26429

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