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Nifty Levels & Strategy for 30/Nov/2022Dear 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 Congratulation Nifty traders. Finally, Nifty hit the new lifetime high & we have seen highest ever closing. Nifty opened flat & completely ignore the global market cues. Profit booking was obvious from new lifetime high but Nifty closed above 50 EMA on 15min chart. FII are buying in cash but they adding bearish positions in F&O, Pro traders are also adding bearish positions in F&O. Big players are clearly managing index at higher level. What will happen when FIIs/Pro start selling in cash????? Market may correct very sharply. Retail traders are taking things for granted. VIX is low but it may rise in no time. Why US market corrected yesterday? Fear of another US FED hike in Dec. This time RBI may have no choice but to go ahead with hike therefore we need to be careful in coming days & work level by level. Gujrat election results may also affect market. OPEC is getting ready for another OIL production cut. OPEC want to manage crude price at higher levels. We should follow trend (buy on dips) but avoid, stay away from buying euphoria & continue to book profit at higher levels. There is no harm is ignoring the last leg of rally. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 29/NOV/2022 NIFTY IS UP BY 55 POINTS Name Price Previous Day Change % Change Nifty 18618 18563 55.30 0.30% India VIX 13.62 13.57 0.05 0.37% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 7732900, CE LTP: 1.65) Max OI (Puts) 18500 (Open Interest: 10184950, PE LTP: 23.75) PCR 1.22 (PCR is in buying Zone) Nifty Calls: ATM: Long Liquidation, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 29/Nov/2022Dear 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 Once again gap-down was bought (heavy put writing) instantly amid global issues. Nifty took support at 100 EMA on 15min chart. Later Nifty moved up & almost touched the lifetime high. Evening star (negative pattern) worked perfectly & profit booking near all time high was quite obvious. Short covering in calls shows mild bullishness in Nifty. Who is making money????? As usual, option writers are really making good money. Avoid buying euphoria amid ongoing global issues near lifetime high, retails traders should continue wait patiently for good trade setup for identifying buying/selling opportunities. Retail traders must hedge their overnight positions. Right now US markets are trading in red. Please review the data in morning & before finalizing your trading plan. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 28/NOV/2022 NIFTY IS UP BY 50 POINTS Name Price Previous Day Change % Change Nifty 18563 18513 50.00 0.27% India VIX 13.57 13.33 0.23 1.74% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 7775300, CE LTP: 2.25) Max OI (Puts) 18500 (Open Interest: 10581700, PE LTP: 49) PCR 1.21 (PCR is in buying Zone) Nifty Calls: ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 23/Nov/2022Dear 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 continued to trade in small range. Big players have significantly reduced their long as well as short positions. F&O action - new longs & short covering in calls & put writing (ATM/OTM) is indicating mild strength in Nifty . Overall, Bulls Vs Bears positions with positive bias are pretty much balanced with highest OI in CE (18300) & PE (18200). However, we should continue to book profit at higher level. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 22/NOV/2022 NIFTY IS UP BY 84 POINTS Name Price Previous Day Change % Change Nifty 18244 18160 84.25 0.46% India VIX 13.84 14.80 -0.95 -6.45% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 18300 (Open Interest: 10665950, CE LTP: 52.55) Max OI (Puts) 18200 (Open Interest: 9299850, PE LTP: 27.55) PCR 0.86 (PCR is in bearish zone) Nifty Calls: ATM: Long Buildup, OTM:Long Liquidation, ITM:Short Covering, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 17/Nov/2022Dear 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 was all set for gap-up however Poland missile attack issue gave opportunity to bulls to add new long positions at opening as well as in 2nd half. Profit booking is happening at higher level. Overall trend is bullish and now risk:reward is getting better in Nifty compare to Bank Nifty. 18300 with max OI in put is likely to act as a big support. Trade level by level & wait for right opportunities. Over trading should be avoid. Big players have turned neutral and keeping watch on Poland issue development which is capable of swinging market in either direction. Please note that index is getting managed at higher level and profit booking is going on in stocks. STAY LIGHT & KEEP POSITIONS HEDGED. GET INTO TRADE ONLY WHEN YOU GET GOOD SETUP WITH MINIMUM RISK:REWARD 1:2 & SMALL SL. TREND IS ALWAYS YOUR FRIEND. OPTIONS WRITERS ARE REALLY MAKING GOOD MONEY WHO REALLY UNDERSTAND THE UNDERTONE OF THE MARKET. RETAIL TRADERS SHOULD TRY TO LEARN OPTION WRITING BY DOING VIRTUAL TRADES & KEEP ANALYZING THE PROFIT & LOSS FOR CLEAR & BETTER UNDERSTANDING. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 16/NOV/2022 NIFTY IS UP BY 6 POINTS Name Price Previous Day Change % Change Nifty 18410 18403 6.25 0.03% India VIX 15.10 14.64 0.47 3.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 18400 (Open Interest: 8620000, CE LTP: 52.25) Max OI (Puts) 18300 (Open Interest: 7878550, PE LTP: 20) PCR 0.95 (PCR is in sideways to mild bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Long Buildup, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 09/Nov/2022Dear 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 opened with a gap-up. Immediately profit booking brought it down. Later, Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Nifty is slowly inching towards new lifetime high which is just a number amid global issues. Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions. NIFTY SCORECARD DATED 08/NOV/2022 NIFTY IS UP BY 86 POINTS Name Price Previous Day Change % Change Nifty 18203 18117 85.65 0.47% India VIX 15.59 15.66 -0.07 -0.45% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9641950, CE LTP: 1) Max OI (Puts) 18000 (Open Interest: 8745100, PE LTP: 19) PCR 0.84 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 31/Oct/2022Dear 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 traded within a range & performed as expected. Profit booking was done at higher levels and buying emerged at lower levels. US market clsoed in green. SGX Nifty closed almost 200 points up. Is Nifty is getting ready to cross 18K amid ongoing global issues (Key issues to be considered are US FED hike in Nov & RBI's corrective action). Is sell on rise & buy on dips working????? However, please do review the following Nifty scorecard data which will give you clear idea about long & short positions in Calls & Puts. NIFTY SCORECARD DATED 28/OCT/2022 NIFTY IS UP BY 50 POINTS Name Price Previous Day Change % Change Nifty 17787 17737 49.85 0.28% India VIX 15.92 16.60 -0.68 -4.07% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 18200 (Open Interest: 4977800, CE LTP: 9.4) Max OI (Puts) 17700 (Open Interest: 4514950, PE LTP: 85.8) PCR 0.92 (PCR is in bearish zone) Nifty Calls: ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 28/Oct/2022Dear 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 Today global cues were positive. Today Dow Jones is trading in green & Nasdaq is trading in red. Please do check global market indices tomorow morning before finalizing your trading strategy. Dollar index is coming down which is quite good for global markets. As expected once again bulls as well as bears got the opportunity with sufficient time to trade & book the profit. Specially retails traders enjoyed the profit due to up move. Big players are light and have started on a positive note for Nov series. FIIs are high bullish & added bullish positions in F&O contracts. Tomorrow, also we should continue to booking profit at higher levels and buy the strength in only monthly option (not in weekly options) therefore you get enough of opportunities to adjust your trades in coming weeks. Shall we continue do profit booking near lifetime high? Yes, we should. Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts. NIFTY SCORECARD DATED 27/OCT/2022 NIFTY IS UP BY 81 POINTS Name Price Previous Day Change % Change Nifty 17737 17656 80.60 0.46% India VIX 16.60 16.88 -0.28 -1.67% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 18400 (Open Interest: 4062000, CE LTP: 4.2) Max OI (Puts) 17700 (Open Interest: 2949950, PE LTP: 117.8) PCR 0.83 (PCR is in bearish zone) Nifty Calls: ATM: Long Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 27/Oct/2022Dear 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 Today global cues are positive. Let us reconfirm it tomorrow morning again. Profit booking in Nifty at higher is quite obvious. Big players have significantly reduced their existing long as well as short positions in F&O contracts. Today US markets are really doing well. However, retail traders need to be cautious in Nifty near major resistance levels. PLEASE NOTE THAT VOLATILITY IS LIKE TO GROW IN COMING WEEKS DUE TO ANOTHER US FED HIKE IN FIRST WEEK OF NOVEMBER. KEEP USING POSITIONS HEDGED & DON"T GET CARRIED AWAY. Our trading decision should be logical & based on data. Market is quite volatile and almost daily offering nice trading opportunities to Bulls as well as Bears. Traders who working patiently and waiting for right levels, good quality trade setup are getting regularly getting rewarded. Shall we continue do profit booking near lifetime high? Yes, we should. Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts. NIFTY SCORECARD DATED 25/OCT/2022 NIFTY IS DOWN BY -74 POINTS Name Price Previous Day Change % Change Nifty 17656 17731 -74.40 -0.42% India VIX 16.88 17.42 -0.54 -3.11% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 11297000, CE LTP: 2.1) Max OI (Puts) 17500 (Open Interest: 6724600, PE LTP: 20) PCR 0.78 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Covering, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 25/Oct/2022Dear 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 Today global cues were positive on special occasion of Diwali 2022 Muhurat trading. Nifty closed 154 points up. It will be very interesting to see where Nifty will be able to sustain at higher levels amid several global issues. Big players have taken bullish positions. We have also seen decent profit booking at higher levels. We have seen lot of actions in just one hour of Muhurat trading. Nifty is looking positive. Shall we do profit booking at higher levels? Yes, we should. Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts. NIFTY SCORECARD DATED 24/OCT/2022 NIFTY IS UP BY 154 POINTS Name Price Previous Day Change % Change Nifty 17731 17576 154.45 0.88% India VIX 17.42 17.28 0.14 0.82% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 10286850, CE LTP: 9.3) Max OI (Puts) 17000 (Open Interest: 7897000, PE LTP: 3.35) PCR 1.02 (PCR is in sideways zone ) Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Nifty and Bank Nifty Levels for 21 OctGood morning 🌞 Have a profitable day 💰👍🏻 Morning Market Update 21 Oct 2022 SGX NIFTY is indicating a Flat opening - SGX NIFTY is trading at 17496 down by -24 points - US futures are in Red - ASIAN Market is in Red - USDINR at 82.82 In Nifty 17500 PE and 17500 CE Also added OI at Far OTM have high Open Interest in weekly In BankNifty 40000 PE and 40000 CE Also added OI at Far OTM have high Open Interest in weekly Asia-Pac Equity Markets Begin Subdued As The Region Takes Its Cue From The Negative Lead From The US Where Stocks Reversed Initial Gains Amid Continued Upside In Yields; ASX 200 (-0.9%), Nikkei 225 (-0.4%), KOSPI (-0.2%) Stocks Ban In F&O: Bhel, Delta Corp, Indiabulls Hsg, India Cement, Zeel STOCKS TO WATCH: AXIS BANK, TATA CONSUMER, COFORGE, UBL, ITC, L&T FIN, HAL, DYNAMATIC TECH, DIXON TECH, ICICI SEC, UTI AMC, KEI IND, SUZLON, IEX, BAJAJ FINANCE, SHRIRAM TRANSPORT, AARTI DRUGS Earnings Today: Amber Ent, Ambuja Cements, Atul, Bajaj Finserv, Bajaj Hold, Birla Soft, Car Trade, Century Enka, Chalet Hotels, CreditAccess, CRISIL, CSB Bank, DLF, Finolex Ind, Garware Technic, Glenmark Life, GNA Axles, HDFC Life, Hind Zinc, HUL, IDBI Bank, IRB Infra, JK Bank, JSW Steel, Jubilant Pharmo, Kewal Kiran, Kokuyo Camlin, Laurus Labs, Meghmani Organic, Motilal Oswal, Nacl Ind, PNB Gilts, Poonawalla Fin, Ramkrishna Forge, Rane Madras, Rattan Power, Reliance, Route, S H Kelkar, Sasken Tech, SBI Life, Shanti Gears, Sharda Crop, Tata Steel Long, Tejas Networks, Tips Ind, Torrent Pharma, United Spirits, Vip Ind
NSE:NIFTY
by PrathapTrader
Nifty Levels & Strategy for 19/Oct/2022Dear 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 Bullish run continued in Nifty . F&O data clearly indicating that Nifty trend is looking positive. Today, we have noticed heavy short covering in ITM calls and long positions were added in ATM calls. FIIs continued with their buying in F&O. Today FIIs & DIIs have significantly reduced the bearish positions. US market is also trading in green. Shall we look for buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think????? NIFTY SCORECARD DATED 18/OCT/2022 NIFTY IS UP BY 175 POINTS Name Price Previous Day Change % Change Nifty 17487 17312 175.15 1.01% India VIX 17.45 18.42 -0.97 -5.24% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 17500 (Open Interest: 8105000, CE LTP: 84) Max OI (Puts) 17000 (Open Interest: 8038550, PE LTP: 6.4) PCR 1.13 (PCR is in buying Zone) Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM: Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 18/Oct/2022Dear 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 has performed really well. Nifty as well as Bank Nifty range is slowly shifting in upward direction. FIIs have heavily added bullish positions in F&O contracts, US market is trading in green today and majority of the retail traders did exactly opposite to what FIIs did. May GOD bless retail traders. Please don't get carried away in one direction & work level by level with strict stoploss. We have to be patient enough to make some money and follow our rules without fail. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think????? NIFTY SCORECARD DATED 17/OCT/2022 NIFTY IS UP BY 126 POINTS Name Price Previous Day Change % Change Nifty 17312 17186 126.10 0.73% India VIX 18.42 18.26 0.16 0.88% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 17300 (Open Interest: 6779000, CE LTP: 127.85) Max OI (Puts) 17000 (Open Interest: 6134000, PE LTP: 33.85) PCR 1 (PCR is in sideways zone ) Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 17/Oct/2022Dear 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 simply followed the US market & jumped up 1.01%. Nifty consolidated throughout the day after initial gap-up & offered an excellent opportunity to option writers. Nifty corrected due to profit booking & closed above the major support level. We have very interesting data setup for tomorrow. US markets closed in red so we are likely to start with a mild gap-down. FIIs have heavily added long positions in F&O so we should expect a bounce back from lower level. Later, we can work based on good quality trade setups. This indicates bulls as well as bears will get opportunities. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think????? NIFTY SCORECARD DATED 14/OCT/2022 NIFTY IS UP BY 171 POINTS Name Price Previous Day Change % Change Nifty 17186 17014 171.35 1.01% India VIX 18.26 20.29 -2.03 -10.02% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 6346850, CE LTP: 2.6) Max OI (Puts) 16500 (Open Interest: 3353700, PE LTP: 7) PCR 0.67 (PCR is in oversold zone) Nifty Calls: ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Intraday Update for 14th October 22The pressure on the fed is high after another red-hot inflation report dimmed hopes for a downshift by year’s end. The interest rate would rise by 75 basis points in the next month. Dow and SP500 were trading at their 52-week low, but we did not see a significant correction in Nifty50. The Index has given only a 20% correction in this declining phase. The market is very volatile, and I explained in almost every video the reason for it. Market sentiments are very dangerous for small traders because of sudden changes on both sides. Our market is not bearish, but we need global cues to settle down to see a clean move on the Upside. Our strategy is to play reversal trades intraday and consider short-term swings in large caps. IT sector is my favourite one. Dow and India USD fluctuated a lot yesterday night, 2% drop in an hour and covering the whole negative move in the next 15 minutes, which was surprising. Just think about what will happen if this kind of move comes in intraday and if you get stuck in the wrong position. You might be finished in a single day, so work on your Position sizing. Intraday on Friday 14th October 2022 India USD and Sgx are trading positively this morning, and we will see a gap up the opening by 150-200 points. Our XABCD Pattern will be activated above 17,143 for the target of 17,455. The critical level in Upside is 17,228, followed up by 17,280. Intraday support is 17,143 for today Intraday. Play safe and Trade accordingly
NSE:NIFTY
by CodeViser
5
Nifty Levels & Strategy for 12/Oct/2022Dear 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 continued to slide down. Today, again traders got buy on dips & sell on rise opportunities. Today also FIIs continued with their heavy selling in cash as well as F&O segments. Trader who traded patiently and waited for right trade setup then working level by level based on technical indicators were profitable today. (e.g. Breakdown trade below VWAP in 12:15pm candle worked really well). Today US markets are trading in green. Let us hope for a pull back from lower levels. If FIIs/Big players do profit booking at lower levels then Indian indices will jump up in no time & bears may get trapped easily. Retail traders should trade only in monthly options with strict SL. Shall we continue with sell on rise near resistance levels and buy on dips near major support levels????? Yes, I think so. What do you think????? NIFTY SCORECARD DATED 11/OCT/2022 NIFTY IS DOWN BY -257 POINTS Name Price Previous Day Change % Change Nifty 16984 17241 -257.45 -1.49% India VIX 20.49 19.62 0.87 4.42% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 17200 (Open Interest: 8991500, CE LTP: 35.5) Max OI (Puts) 16000 (Open Interest: 5110100, PE LTP: 1.05) PCR 0.52 (PCR is in highly oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Covering, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Covering Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 11/Oct/2022Dear 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 closed almost flat (-74 points) in red zone. We are nicely coupled with US market. Best part is extent of fall in Indian market is low compare to US & global markets. Today, Indian market has absorbed the selling in US market and again shown tremendous strength. Today morning, gap-down was a known event for everyone after DOW JONES & Nasdaq were down significantly on Friday. Today also FIIs continued with their selling in cash as well as F&O segments. DIIs & HNIs buying helped recovery from not only from day's low but also crossed yesterday's high. Volatility continued today and market offered opportunities to bulls after gap-down, bears at yesterday's high and professional traders option writers. Working level by level was profitable. Shall we continue with sell on rise near resistance levels and buy on dips near support levels????? Yes, I think so. What do you think????? NIFTY SCORECARD DATED 10/OCT/2022 NIFTY IS DOWN BY -74 POINTS Name Price Previous Day Change % Change Nifty 17241 17315 -73.65 -0.43% India VIX 19.62 18.81 0.81 4.31% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 7487600, CE LTP: 1.3) Max OI (Puts) 17000 (Open Interest: 7910900, PE LTP: 42.65) PCR 0.93 (PCR is in sideways to mild bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
4
NIFTY 50, LEVELS!!!this levels are based on the my analysis. when the makret consolidates meaning comes in a range after some big move, a great support and resistance lines can be formed. levels can also be formed, where and which level did market respect based on opening and closing time. market giving respect meaning both buyers and sellers had agreed to that level. i will soon post the patterns, and those trend lines formed by nifty. so stay connected!! i have not drawn levels from 16828 till bottom. BECAUSE I DONT BELIEVE MARKETS WILL GO DOWN, this analysis is been posted and you can check in the link sections
NSE:NIFTYLong
by raghavchoudhary2016