Nifty Levels & Strategy for 15/Sep/2022
Updated
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Nifty is slightly down by -66.3 points. Today, Nifty has broken down 18K level but finally closed above the 18K wall of significant open interest. PCR is down from 1.32 ( bullish zone) to 1.1 (buying zone). Today, big players have turned the tide in their favour. Every retail trader is shocked to see Nifty’s performance. Nifty closed above 18K level against the odds when all of us were expecting it to close below 17800 level
Highest open interest on call side at 18100 (Shifted down from 18500 to 18100)
Highest open interest on put side at 17900 (Shifted down from 18000 to 17900)
BANK NIFTY
Surprisingly, Bank Nifty is up again by 532 points in spite of severe fall in US/Global markets. Bank Nifty has closed 4th time in a row at new lifetime weekly high. Bank Nifty PCR at 1.62 has reached in overbought zone. BN , now trading at walking distance from lifetime high. I am really amazed with big players performance. Initial gap down was bought in few mins and then non-stop rally with profit booking in last hour. Right now, bank nifty has reached into overbought zone.
Highest open interest on call side at 41500 (Shifted up from 41000 to 41500)
Highest open interest on put side at 40000 (Remained at same 40000 level)
Shall we look for buy on dips opportunity near support level & trade with strict SL? What do you think?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
NIFTY
Nifty is slightly down by -66.3 points. Today, Nifty has broken down 18K level but finally closed above the 18K wall of significant open interest. PCR is down from 1.32 ( bullish zone) to 1.1 (buying zone). Today, big players have turned the tide in their favour. Every retail trader is shocked to see Nifty’s performance. Nifty closed above 18K level against the odds when all of us were expecting it to close below 17800 level
Highest open interest on call side at 18100 (Shifted down from 18500 to 18100)
Highest open interest on put side at 17900 (Shifted down from 18000 to 17900)
BANK NIFTY
Surprisingly, Bank Nifty is up again by 532 points in spite of severe fall in US/Global markets. Bank Nifty has closed 4th time in a row at new lifetime weekly high. Bank Nifty PCR at 1.62 has reached in overbought zone. BN , now trading at walking distance from lifetime high. I am really amazed with big players performance. Initial gap down was bought in few mins and then non-stop rally with profit booking in last hour. Right now, bank nifty has reached into overbought zone.
Highest open interest on call side at 41500 (Shifted up from 41000 to 41500)
Highest open interest on put side at 40000 (Remained at same 40000 level)
Shall we look for buy on dips opportunity near support level & trade with strict SL? What do you think?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
Note
FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 14/Sep/2022FIIs: Highly bearish
FIIs has sold in cash for -1397.5 Crores and sold in derivatives market for -2969 Crores. FIIs has shorted index future, stock future, index call, stock call and bought long contracts in put option contracts except stock put option. FIIs became from bullish to highly bearish within a day.
DIIs: Bullish
DIIs bought in cash market for 187.58 Crores. DIIs bought 10K plus stock future contracts and partially hedged using stock call options. DIIs have sold 1K plus index future contracts.
Pro Traders: Neutral
Pro traders took long positions in index future as well as stock future contracts. They have heavily shorted index call & stock call options. Pro traders have shorted index put options and took up long positions in stock put options. Pro traders have opted for balanced approach.
Retail Trader: Highly Bullish
Retail traders have sold index futures & bought stock future contracts. Retail traders have bought 157K plus index call long options and also opted for bullish view in remaining all types of options.
Dear traders, I have analysed the data based on my limited knowledge. I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me for trading as it may lead to financial losses. Please consult your financial advisor before trading.
Note
FIIS HAVE SOLD IN CASH & HEAVILY ADDED BEARISH POSITIONS IN F&O CONTRACTS.PLEASE TRADE CAREFULLY WITH STRICT STOPLOSS. HAVE A SAFE, HAPPY, HEALTHY & PROFITABLE DAY AHEAD !!!!!
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