Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty closed below 20 EMA and VWAP level. Negative crossover in Nifty. We had a highly volatile day. PCR shifted from 1.2 to 0.69 is now in bearish zone. Indix VIX jumped up 5.39% from 17.35 to 18.29.
Highest open interest on call side at 18000. However call writing increased significantly below 18000 level
Highest open interest on put side at 17000. However heavy short covering and OI reduced significantly on lower side.
Dow Jones is down 292.3 points and Nasdaq is down by 263 points which is decent correction in a day. Nifty snaps 3 days of rally and closed the gap in one day itself.
FIIs, DIIs & other participants derivative data analysis:
FIIs:
FIIs have bought in cash & heavily sold all types of derivative contracts on net basis. FIIs change their bullish stance to bearish in no time. Let us see if they will continue to sell or it's just a profit booking
DIIs:
DIIs have sold in cash but bought 18000 plus future contracts in Index & stocks to partially absorb FIIs selling
PRO:
Pro traders too bought 14000 plus future contracts in Index & stocks but they have hedged their positions by selling calls & buying puts.
RETAIL/HNI:
Retail traders as usual created long positions opposite to FIIs, by buying 11700 Index Future contracts, heavy index calls buying 277973 contracts, stocks call buying 40280 contacts and stocks puts selling -58136 contracts. Few smart retail traders sold stock futures 11037 and hedged their contracts.
Shall we look for sell on rise opportunities? or
Is market is taking few steps back for bigger move towards all time high?
PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY TO AVOID GETTING INTO BULLS TRAP IN CASE OF SHARP BOUNCES.
Have a happy, healthy & profitable day ahead!
Nifty closed below 20 EMA and VWAP level. Negative crossover in Nifty. We had a highly volatile day. PCR shifted from 1.2 to 0.69 is now in bearish zone. Indix VIX jumped up 5.39% from 17.35 to 18.29.
Highest open interest on call side at 18000. However call writing increased significantly below 18000 level
Highest open interest on put side at 17000. However heavy short covering and OI reduced significantly on lower side.
Dow Jones is down 292.3 points and Nasdaq is down by 263 points which is decent correction in a day. Nifty snaps 3 days of rally and closed the gap in one day itself.
FIIs, DIIs & other participants derivative data analysis:
FIIs:
FIIs have bought in cash & heavily sold all types of derivative contracts on net basis. FIIs change their bullish stance to bearish in no time. Let us see if they will continue to sell or it's just a profit booking
DIIs:
DIIs have sold in cash but bought 18000 plus future contracts in Index & stocks to partially absorb FIIs selling
PRO:
Pro traders too bought 14000 plus future contracts in Index & stocks but they have hedged their positions by selling calls & buying puts.
RETAIL/HNI:
Retail traders as usual created long positions opposite to FIIs, by buying 11700 Index Future contracts, heavy index calls buying 277973 contracts, stocks call buying 40280 contacts and stocks puts selling -58136 contracts. Few smart retail traders sold stock futures 11037 and hedged their contracts.
Shall we look for sell on rise opportunities? or
Is market is taking few steps back for bigger move towards all time high?
PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY TO AVOID GETTING INTO BULLS TRAP IN CASE OF SHARP BOUNCES.
Have a happy, healthy & profitable day ahead!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.