NIFTY Trading Strategy Based on Data Analysis
Key Observations: 🔍
Spot Price: 22,470.50
Max Pain:
22,450 → This suggests options sellers will benefit if Nifty expires near this level.
OI (Open Interest) Analysis:📊
Total Calls OI: 1,758.40 L
Total Puts OI: 1,527.76 L
Call OI Change:
+192.31 L (Increase in call writing, indicating resistance)
Put OI Change:
-157.51 L (Decrease in put positions, indicating weaker support)
PCR (Put Call Ratio):
0.8688A PCR below 1 indicates bearish sentiment as more calls are being written than puts.
Nifty Chart:📈📉
Resistance Levels: 22,500 - 22,600 (heavy call writing)
Support Levels: 22,300 - 22,400 (some put writing but weaker)
Trading Strategy 🧠
1. Bearish Bias (Short Nifty)📉
Entry: Sell Nifty near 22,480 - 22,500
Target: 22,350 (near support level)
Stop Loss (SL): 22,550 (above strong resistance)
Reasoning:🔍
Max Pain at 22,450: Expect Nifty to hover near this level.
High Call OI at 22,500 & 22,600: Indicates strong resistance.
PCR < 1: More calls written than puts → Bearish sentiment.
OI Change: Call writing is increasing, confirming resistance at 22,500.
2. Alternative Bullish Strategy (Only If Nifty Holds 22,400)📈
Entry: Buy Nifty near 22,400 (support zone)
Target: 22,520 (near resistance)
SL: 22,350 (below support)
Reasoning:🔍
If Nifty holds 22,400 and PCR rises above 1, bullish strength can return.
However, current data suggests bearish pressure is stronger.
Final Recommendation:
Primary View: Bearish → Sell on Rise (Short at 22,480-22,500)
Alternative View: Buy Only if Nifty Holds 22,400 with Strength
Key Observations: 🔍
Spot Price: 22,470.50
Max Pain:
22,450 → This suggests options sellers will benefit if Nifty expires near this level.
OI (Open Interest) Analysis:📊
Total Calls OI: 1,758.40 L
Total Puts OI: 1,527.76 L
Call OI Change:
+192.31 L (Increase in call writing, indicating resistance)
Put OI Change:
-157.51 L (Decrease in put positions, indicating weaker support)
PCR (Put Call Ratio):
0.8688A PCR below 1 indicates bearish sentiment as more calls are being written than puts.
Nifty Chart:📈📉
Resistance Levels: 22,500 - 22,600 (heavy call writing)
Support Levels: 22,300 - 22,400 (some put writing but weaker)
Trading Strategy 🧠
1. Bearish Bias (Short Nifty)📉
Entry: Sell Nifty near 22,480 - 22,500
Target: 22,350 (near support level)
Stop Loss (SL): 22,550 (above strong resistance)
Reasoning:🔍
Max Pain at 22,450: Expect Nifty to hover near this level.
High Call OI at 22,500 & 22,600: Indicates strong resistance.
PCR < 1: More calls written than puts → Bearish sentiment.
OI Change: Call writing is increasing, confirming resistance at 22,500.
2. Alternative Bullish Strategy (Only If Nifty Holds 22,400)📈
Entry: Buy Nifty near 22,400 (support zone)
Target: 22,520 (near resistance)
SL: 22,350 (below support)
Reasoning:🔍
If Nifty holds 22,400 and PCR rises above 1, bullish strength can return.
However, current data suggests bearish pressure is stronger.
Final Recommendation:
Primary View: Bearish → Sell on Rise (Short at 22,480-22,500)
Alternative View: Buy Only if Nifty Holds 22,400 with Strength
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.