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Jan 8, 2017

Nifty Next Week Trend For 9 To 13 January 2017 (Video)

In this article, you can find the Nifty next week trend for 9th to 13 January 2017, so last week, we saw that Nifty made high of 8329 on Friday (6th Jan 2017) and low of 8151 on Monday (2nd Jan 2017).






As per the last week, bullish trend started at 8231 so we saw the difference of 98 points and if traded then profit of Rs.7350.00

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Below is the screenshot of Nifty candle pattern where I have highlighted 30 December and 6 January candles (Friday day candles), so you can see how this Friday's candle is acting as decision making for coming week.
Nifty Next Week Trend 9 - 13 January

Nifty Option Chain – My Observation


Total open interest was high as on 6th January 2017 on put side with 44,831,625.

Change in OI for a strike price of 8000PE has increased with 4,950 and totaling to 6,271,200.

Change in OI for strike price 8100PE has increased by 294,525 that is totaling to 4,279,575.

Total Open Interest on Call side was at 36,943,650.

Change in OI for 8300CE has increased by 521,250 that is totaling to 4,074,225.

Change in OI for 8400CE has increased by 360,675 that is totaling to 4,817,625.

FII and DII trading activity on 6th Jan 2017


FII bought 3502.2 crores and sold 3757.41 with the net holding of -255.21 crores.

DII bought 2563.28 crores and sold 2397.99 with the net holding of 165.29 crores.

FII / FPI net holding is negative so looks like the possibility of a bearish trend in next week.

Economy events calendar with High impact expected for next week (9th – 13th January 2017)
Note: Time mentioned for below events is for Indian Standard Time.

Below is the Video that explains How To Trade In Nifty for next week




World Economy Calendar - High Impact Events For Next Week

Date
Event Name
Country
Time (Indian Standard Time)
10th Jan
Retail sales m/m
(AUD)
6:00 a.m
10th  Jan
CPI y/y
(CNY)
7:00 a.m
11th Jan
Manufacturing production m/m
(GBP)
3:00 p.m
11th  Jan
Crude Oil inventories
-
9:00 p.m
12th Jan
Unemployment claims
(USD)
7:00 p.m
13th Jan
Fed chair Yellen speaks
(USD)
5:30 a.m
13th Jan(tentative)
Trade balance
(CNY)

13th Jan
Core Retail Sales m/m
(CNY)
7:00 p.m
13th Jan
PPI m/m
(USD)
7:00 p.m
13th Jan
Retail Sales m/m
(USD)
7:00 p.m
13th Jan
Prelim UOM Consumer sentiment
(USD)
8:30 p.m

Global Indices
Image Source: Money Control

Welcome you to share your comments and if you know any technique that can benefit the traders and investors so that I can introduce it in this blog.

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