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Nifty Index Levels for 23/08/2022Dear 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 Indix VIX further jumped up by 4.12% from 18.29 to 19.04. Dow Jones is down 494 points and Nasdaq is down by 287 points at this point of time. Please do check closing data for tomorrow's trading reference. US DOLLAR INDEX has up beyond 108 level and continuous weakness in Rupee is certainly not a good sign for Indian market. Nifty closed below 20 EMA and VWAP level. We had a highly volatile day. PCR shifted down to 0.6 which is clearly in bearish zone now. Today also selling was quite sharp . Highest open interest on call side at 18000. Highest open interest on put side at 17000. FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs ( Bearish ): FII sold in cash market for -454 crores and bought in derivative market contract for 3319 crores (please do continue to read about whether they bought calls to add new long positions or bought puts to add more short positions in the system). FIIs significantly reduced their long as well as short contract in Index future and added short stock future contracts. FIIs took long positions in calls. FIIs significantly added two times PUT long positions in Index compare to short positions. FIIs are heavily short in stock futures and hedged their positions using call & put options. DIIs (Mild Bullish ): DII sold in cash for -85 Crores. DIIs have reduced their positions in Index & future contracts. PRO ( Bearish ): Pro traders have reduced their long index & stock future contracts and heavily wrote call options in index & stocks. CLIENT ( Bullish ): Retail traders significantly reduced their long future contract positions in index & stocks. Heavily wrote call options in index, bought puts & calls hedge their position Overall, shall we continue to expect high volatility for next few days? Shall we look for sell on rise opportunities based negative cues? or Is market is taking few steps back for bigger move towards all time high? We are getting close to important support level . Please do watch it carefully to avoid getting into bears trap at lower levels & bulls trap on bounces. PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY WITH STRICT SL (STOP LOSS) & MAXIMISE YOUR PROFIT USING TRAILING SL. Have a happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
Nifty Levels for 22/02/2022Dear 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!
NSE:NIFTYShort
by manishmgupta
Supports and Resistances for Nifty.Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports and resistances right now in front of us are: Resistances: 17992, 18117, 18371 and finally 18604. Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113. Final Supports for the current rally: 16842 and 16666.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Levels for 19/08/2022Dear 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 near day's high above 20 & 50 EMA and VWAP level. Today, we had a highly volatile day. PCR (1.2) is in bullish zone. Indix VIX (17.35) down by -1.85%. Highest open interest on call side at 18000 Hifty highest open interest on put side at 17000 FIIs did cash selling of -1706 Crores. Reduced derivative long positions significantly. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Surprisingly, retail traders switched to long side today. Dow Jones and Nasdaq flat at this point of time. Please do review closing Index data for tomorrow's trade. Is correction due now after strong unidirectional rally? Shall we start looking for sell on rise opportunities or continue to look for buy on dips opportunity with strict stoploss? PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels for 18/08/2022Dear 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 once above 20 & 50 EMA and VWAP level. PCR (1.29) is in bullish zone. Indix VIX closed flat. Nifty highest open interest on call side at 18000 Nifty highest open interest on put side at 17800 FIIs did buying of 6729 Crores but they bought 42826 Puts contracts (Net) in Index and sold 13647 stock futures contracts. Does it mean, FIIs will start selling again. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Retail traders are heavily short in Index as well stocks. Dow Jones is down 200 plus points and Nasdaq is down 100 plus points at this point of time. Is correction due now after strong unidirectional rally? Shall we start looking for sell on rise opportunities ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels for 17/08/2022Dear 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 took out major resistance level with Gap-up and closed above 20 & 50 EMA and VWAP level. Nifty has shown strength and trying to move in upward direction. PCR (1.06) is in sideways to mild bullish zone. FIIs continue with buying of 2429.6 Crores and DIIs are slowly doing profit booking with selling of -136.2 Crores. Proprietary & retail traders are heavily short in Index and Future contracts. God saves retail traders. Nifty highest open interest on call side at 17800 Nifty highest open interest on put side at 17700 Overall uptrend looks intact. Shall we continue to look for short straddle/strangle ? Buy on dips opportunities ? Is Nifty heading towards 18000 now? OR Is Bearish Divergence an indication prior to profit booking ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels for 16/08/2022Dear 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 was in hurry and quickly reached long term resistance level. FIIs continued with strong buying in CASH & F&O of Rs 7405.5 Crores. US market also performed really well on Friday. Let us see the US market performance tonight. Nifty is now just 4.87% away from all time/52 week high. Nifty's highest open interest in call side is at 17800 and put side is at 17700. Nifty is trading in narrow range after decent rally. PCR is flat and sideways. Overall, all positive & negatives are factored in. All overnight positions must be hedged to handle gap-up & gap-down. Shall we expect a profit booking? Will Nifty offer us buy on dips opportunities? Will Nifty gap-up on Tuesday to take out major resistance zone and continue with bull run? Shall bulls/specially retail investors should slow down to avoid getting into bulls trap? Wish you all a profitable trading day ahead!
NSE:NIFTY
by manishmgupta
Harmonic Butterfly flutter it's wings: Will fly up or down?The high that Nifty made today 17719 to 17832 will be tough to cross. Even if that is crossed or touched there is a major resistance beyond it which extends upto 18117. FIIs are buying relentlessly of late. May be their buying power can help us cross this important resistance. Investors should be aware of this zone and if there is a correction be prepared for Profit booking or partial profit booking. The support incase of correction will be at 17349, 17178 and 16930. Below 16930, 50 and 200 days EMA which are around 16600 will be major support. Only below 16600 bear will be again back in control of the market.
NSE:NIFTY
by Happy_Candles_Investment
3
Nifty Levels for 12/08/2022Dear 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 is quickly reached long term resistance level. Today buying volumes were low after gap-up. All positives are factored in. Is profit booking expected at this level? Is buying on dips going to be better strategy for Friday's trade?
NSE:NIFTY
by manishmgupta
Nifty Levels for 11/08/2022Dear 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 Bullish Divergence is observed in RSI. Nifty is looking in hurry to touch long term resistance level after gap-up opening. US inflation is cooling off QoQ basis and markets are reacting quite positively. Dow Jones is up 480 plus points and Nasdaq is up 320 plus points. Bull should become cautious and continue with profit booking. Trader should work level by level with strict stoploss. Retail investors are really enjoying the ongoing rally. Let us see if relief rally converts into bull run or global issues will take over the relief rally again in coming days. Have a profitable day ahead!
NSE:NIFTY
by manishmgupta