Banknifty is in tight range..major levels markedwe can see that banknifty is preparing itself for a bigger move. so all we gonna do is just follow the price wherever it goes. dont forget to manage your RRR traders.
best of luck.
Optionbuying
when all is well, its time to sellyes, we may witness a trending day today because the range banknifty closes on Friday was pretty tight. the cpr is also gonna be not very wide. added to these we have some gaps as well which the market may fill today. overall market sentiments are not that bad, the best way to yourself in the game is to maintain your RRR. remember one thing folks. in stock market
WHEN ALL IS WELL
ITS TIME TO SELL.
Best of luck traders.
major levels marked..we will keep neutral bias. we may can see a trending day ahead anyside. just wait for the anyside confirmation guys. manage your risk and reward and thats all you r goog to become a trader.
best of luck traders.
important levels marked.well as of now US market is 1.5% up. if banknifty brokes its all-time high then there is a chance of having a good trend day tomorrow. so wait for your long entry and if possible try to hold your winners and cut your losses short to stay longer in the stock market.
because it was a holiday today so there will be the effect of theta decay as well. keep that thing in your mind traders.
Best of luck.
trend is your friend...levels markedRemember folks if market has to go anywhere it has to broke prior day range and all we gonna do is patiently wait for the price to broke either side range and all we have to do is just follow the price.
Best of luck traders.
Major levels markedwell if there will be a 400 to 500 gap opening then I don't see much upside move in intraday. all we have do is just wait on the sidelines and wait for any of the horizontal line breakout or breakdown then we can just follow the price.
Best of luck traders.
As usual I keep it simple ...major levels markedyes we are in uptrend but to be cautious is not wrong at all. all im gonna say that I will keep my bias neutral for tomorrow. I will patiently wait for any of my horizontal support or resistance to be broken. all we need to do is just follow the price. DO take note traders due to today's holiday the premium will decay fast so be careful on that part.
Best of luck Traders.
Happy expiry.
Simple yet effective pure price actionall I will say that I'm gonna keep my bias neutral fir tomorrow or maybe 60% down 40% up. but still price action is right in front of us. all we gonna do is just follow the price and be with the trend. we may can witness a trending day tomorrow.
Best of luck traders.
bearish bias..?well I couldn't find any positive news in the market. everybody is just talking about recession and all.so the big gap up on Friday we may can witness getting filled. so I will keep my bias down again and will talking only bearish trades for the day. thats why I haven't marked any levels on the upper side.
best of luck traders.
Nifty Levels & Strategy for 13/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, Nifty traded perfectly within previously identified range (please refer yesterday's chart & strategy). FIIs have flipped the their side from selling to buying and retail flipped from bullish to bearish . We need to trade patiently and wait for right trade setup then working level by level based on technical indicator is likely to remain profitable (e.g. buying near previous day's low and profit booking near major resistance level).
FIIs/Big players did exactly opposite to what retail traders did. Today, bears got trapped heavily. Retail traders should trade only in monthly options with strict SL else continue to donate your hard earned money to FIIs/Big players.
Tomorrow's expiry is likely to remain volatile. Bulls, bears & options writers are likely to get chance to make decent money who will work patiently. Shall we continue with sell on rise near resistance levels and buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 12/OCT/2022
NIFTY IS UP BY 140 POINTS
Name Price Previous Day Change % Change
Nifty 17124 16984 140.05 0.82%
India VIX 20.18 20.49 -0.32 -1.54%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 17500 (Open Interest: 10661300, CE LTP: 1.8)
Max OI (Puts) 17000 (Open Interest: 8789700, PE LTP: 35.25)
PCR 0.79 (PCR is in bearish 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:Long Liquidation, FAR OTM:Short Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
simple yet effective bank nifty price actionas we can see market is respecting the major support zone and our festive season shopping too. even as of now usa market is even .50 percent is up so ya for tomorrow im gonna keep my bias towards upward direction and not be taking any bearish trades.
DISCLAIMER: we can witness the trending market tomorrow.
Best of luck for expiry traders.
Range bound market. whats next..?as we can we r in a tight range. I have already standby myself to take the ride wherever market takes us. whats your do let us know in the comments.
make sense..?I will keep my bias towards bearish sides and will trade only down side if market moves opposite direction I wont trade.
thats how I keep my trading simple yet effective.
Bank Nifty Levels & Strategy for 29/Sep/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.
BANK NIFTY
Bank Nifty closed in red and below 50 DMA but still trading above 100 & 200 DMA levels. Bank Nifty is highly oversold and looking weak ahead of RBI policy/rate hike on 30/Sep/2022. RBI rate hike upto 0.5% and majority of the global factors is already priced in. Today, US market is trading in green. Let us expect a good recovery in next few days from 2 year's low levels. Traders should wait for a pullback and short/take bearish positions at higher levels with strict SL only otherwise they may easily get stuck into beartrap.
BANK NIFTY SCORECARD DATED 28/SEP/2022
BANK NIFTY IS DOWN BY -599 POINTS
Name Price Previous Day Change % Change
Bank Nifty 37760 38359 -599.30 -1.56%
India VIX 22.10 21.57 0.53 2.45%
OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA
Max OI (Calls) 40000 (Open Interest: 3678900)
Max OI (Puts) 36000 (Open Interest: 2111375)
PCR 0.51 (PCR is in highly oversold zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Long Buildup, OTM:Short covering, ITM:Short covering, FAR OTM:Long Buildup
Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think?
1. Only at higher level after decent pull back from lower levels
2. near major resistance levels
3. near high OI in CE strikes with strict stoploss?
Shall we look for buy on dips opportunity ????? Yes, I think so. What are your views?
1. near major support levels
2. near high OI in PE strikes with strict SL?
However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change.
1. Global cues based on EOD data
2. FIIs/DIIs/Big player cash & F&O data analysis
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
A perfect setup for swing trade. major levels markedwhat a beautiful setup we found on bn. a trend line support, an evening star right on top. will this be a reversal of a trend.?
IDFC PUT OptionEven if IDFC is going to touch the upper line of current trend, It still is going to get to the middle line of current trend before any bullish or bearish movement takes place.
Nifty Levels & Strategy for 08/09/2022Dear 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 here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
NIFTY
Nifty is down by just -31.2 points. PCR shifted slightly up from 0.87 ( bearish zone) to 0.92 ( bearish zone). Nifty hit the target as expected then reversed as well. Later option writer made good money as Nifty traded in a narrow range. Call writers are getting challenged again & again. Today morning put writers run for the cover & majority of them ended up booking losses. Smart traders made money who took contra trades at major support.
Highest open interest on call side at 17800 (Shifted up from 17800 to 18000)
Highest open interest on put side at 17000 (Remained at same level)
BANK NIFTY
Bank Nifty is down by -210.6 points. Bank Nifty offered excellent opportunities to option writers (short straddle/strangle traders). PCR shifted down from 0.91 ( bearish zone) to 0.78 (getting close to oversold zone). Bank Nifty closed above VWAP and important support zone with good buying volume which is indicating positive move is likely in Bank Nifty . Let us see how global cues works out tonight.
Highest open interest on call side at 40000 (Remained at same level)
Highest open interest on put side at 39000 (Remained at same level)
Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and
Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
Nifty Levels & Strategy for 07/09/2022Dear 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 here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
FIIs bought in cash market for 1145 crores and bought in F&O for 1642 crores (what they bought? In reality they have shorted calls & bought puts which means they are actually bearish only). DIIs also bought in cash market for 633 crores. FIIs reduced long positions in Index future & stock future contracts and added short positions in index call & stock call options & long positions in index put & stock put stock put options. Today, FIIs are bearish in all types of contracts.
DIIs are also bearish in all types of contracts. Pro traders followed balanced approach. Pro traders have added long contracts in Index future, stock future & hedged their future contract positions using option contracts. Retail traders have added long positions in all types of contracts. If market goes down & break any major support, then it may create panic selling situation for retail traders. May God save retail traders.
NIFTY
Nifty is down by just -10.2 points. PCR shifted down from 1.07 ( bullish zone) to 0.87 ( bearish zone). Nifty traded in both the directions. SL & TSL hitting day for majority of the retail traders. Nifty is slowly getting ready for breaking the range on either side.
Highest open interest on call side at 17800 (Shifted down from 18000 to 17800)
Highest open interest on put side at 17000 (Remained at same level)
BANK NIFTY
Bank Nifty is down by -139.25 points. Bank Nifty offered opportunities to both bulls as well as bears. PCR shifted down from 1.2 ( bullish zone) to 0.91 ( bearish zone).
Highest open interest on call side at 40000 (Remained at same level)
Highest open interest on put side at 39000 (Shifted up from 38000 to 39000)
Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and
Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
Bank Nifty Level & Strategy for 06/09/2022Dear 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 here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
FIIs sold in cash -812 crores and bought in F&O 3862 crores. DIIs bought in cash market 534 crores. FIIs added long positions in F&O Index future & stock contracts and reduced short positions in index put & stock put options. FIIs are bullish on market.
DIIs added short contracts in Index future, stock future & stock call option. DIIs are bearish on market. Pro traders followed balanced approach. Pro traders have added short contracts in Index future, stock future & hedged their positions using option contracts. Retail traders have added short contracts in Index future, stock future & index short call. Retail traders also heavy bought index put long & stock put long options except stock call long options. Overall retail traders are highly bearish on the market. May god save retail traders.
BANK NIFTY
Bank Nifty is up by 385 points. Bank Nifty firmly today. PCR shifted up from 0.91 (bearish zone) to 1.2 (buying zone) amid global issues like US Dollar Index at 20 year high, Russia stopping gas supply to Europe & few more.
Highest open interest on call side at 40000 (Shifted up from 39500 to 40000)
Highest open interest on put side at 38000 (Remained at same level)
Federal Bank denied reports of a likely merger with Kotak Bank (slightly negative for BN). SBI 2700 Crores received dues from Vodafone ahead their planned schedule. I don't trade or recommend Vodafone Idea stock but this news is certainly positive for SBI & therefore Bank Nifty
NIFTY
Nifty is up by just 126 points. PCR shifted up from 0.80 (bearish zone) to 1.07 (buying zone). Nifty traded sideways after initial gap-up. Nifty is trading near major resistance zone. Let us see if Nifty breaks out above 17777 level and make a move towards 18000 level.
Highest open interest on call side at 18000 (Remained at same level)
Highest open interest on put side at 17000 (Remained at same level)
Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? Or
Shall we look for buy on dips opportunities near major support levels till it is trading in a range?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
How about this.? horizontal levels marked its time to keep our bias neutral. all we need to do is just follow the price where it goes. at least for now we dont have any bearish sentiments but will keep an eye on todays us market and tommorw news. just remember to follow just one holy grail in the market that is RRR.
best of luck traders.
This is Beautiful.. major levels marked.my bias is still bearish. coming this night us info data and guess whate we have a doji on daily time frame which I probably think will turn into evening star by tommorrow. so I will only trade the short position tomorrow if market went up I wont doing any trading tomorrow.
theres a chance we may have a trending and much volatile market tomorrow so dont forget to maintain your RRR traders.
BEST OF LUCK TRADERS.
pure price action..major levels markedI will still keep my bias downside because of ongoing geopolitical tension and negative market sentiment. I can't really see any positive news yet In the market which make people start buying again like they did in last month. there a chance tomorrow of a trending day. market are gonna be really volatile, so do forgot to maintain your risk&reward best suits to you guys.
Best of luck traders.
Major levels marked....all I can say that I will keep my view bearish. can of some market sentiments as well as a major 38000 k resistance of over 30L contracts sold. so logically and including all others factors I will keep my bias bearish. for long I think we can only go long once market sustain 38000 resistance for a hour or so. nevertheless keep your RRR maintain traders.
best of luck for the boom expiry.
