Update for 26th May 2011

    The Derivative Expiry is Here !

An expiry of derivative contracts for the month of May, in which bulls have made heavy losses, is here. Expiry related negative pressure can be expected on many stocks in the afternoon session. Nifty future is expected to expire near to the strike of 5300 than 5400 in these circumstances. ( Please see the Option Pain chart of May series Nifty options elsewhere on this post. )

Nifty Futures - Intra-day Chart     

    Nifty Futures  - Daily Chart  

  Nifty Options Scene   

The May series Nifty Options Put Call ratio ( PCR May series ) decreased slightly to a below normal and bearish looking 0.55 times on Wednesday. The below normal PCR may indicate the negative bias of the market. 

 

May Series Nifty Option Pain Chart  

 

 

 

Update for 25th May 2011

   The Slow Drift Continues !

It seems that there is no buying interest as such in the market due to the current economic situation of slowing growth, rising costs and interest rates and above all, the new worries on the Euro sovereign debt front. Market is slowly drifting due to the lack of buying interest than by any heavy selling. May be, lower prices are required to elicit the buyers' interest. As such the downtrend may continue with occasional technical bounces.

Nifty Futures - Intra-day Chart      

    Nifty Futures  - Daily Chart