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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!
NSE:BANKNIFTYLong
by manishmgupta
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!
NSE:NIFTYLong
by manishmgupta
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!
NSE:NIFTY
by manishmgupta
2
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!
NSE:BANKNIFTYLong
by manishmgupta
Bank Nifty Levels & Strategy for 02/Sep/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. BANK NIFTY Bank Nifty is down by -235.5 points. Bank Nifty remained sideways for most of time after initial gap-down & recovery. PCR shifted from 1.54 (overbought zone) to 0.84 (bearish zone). Daily quick swings/sudden changes in OI are making life difficult for option writers. Highest open interest on call side at 40000 (Shifted down from 41000 to 40000) Highest open interest on put side at 38000 (Remained at same level) NIFTY Nifty is down by -216.5 points. Today, initially Nifty has given chance to bears as well as bulls for making decent profits who worked level by level in disciplined manner. Later, option writers made good money. A perfect day for a trader who understands technical/OI (open interest) changes well. PCR shifted from 1.3 (bullish zone) to 0.89 (bearish zone). 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 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? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Nifty Levels for 24/08/2022Dear 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 here for educational purpose. Please consult your financial advisor before trading. NIFTY Nifty is up by 87 points. Nifty closed above 20 EMA , VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.60 to 0.83 which is still in bearish zone. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17500 (Shifted up from 17000) FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs ( Bullish ): FII bought in cash market for 563 crores and bought in derivative market contract for 6510 crores (please do continue to read about whether they bought long positions or short positions). FIIs reduced their index & stock future long contracts & added short positions in index & stock future contracts. FIIs took long positions in index call as put contracts & reduced stock call & put contracts. DIIs (Mild Bullish ): DII sold in cash for -215.2 Crores. DIIs have slightly added new positions in Index & stock future contracts. Heavily reduced positions in options contracts. PRO ( Bearish ): Pro traders have added short index & stock future contracts. Reduced option contracts in index & stock call contracts. Added option contacts in index & stock put contracts. CLIENT ( Bearish ): Retail/ HNI added index & stock future contracts. Significantly reduced their index & stock call option contracts. Added index put contacts & reduced stock put long & short contracts. Shall we continue to expect high volatility in next few days? Shall we look for buy on dips or sell on rise opportunities? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
SPX 0dte Income Trading - April 25’22 4285/4290 Bear Call SpreadSPX 0dte Income Trading - April 25’22 4285/4290 Bear Call Spread 💡 April 25’22 4285/4290 Bear Call Spread $85 Premium Received (per contract) 86% Probability of Profit (at entry) 9:46 AM Time of Entry 15M ORB Trade 50% Profit Target, 2x Stop WHAT IS 0DTE TRADING? 0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Since most options expire worthless we take advantage of this by selling credit spreads to collect premium. Our option trading strategy allows us to profit if the market moves up, down or doesn't move at all. ✅ Weekly Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
SP:SPXShort
by 0dteTraders
$VET nice VCP with bullish sweepsNice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move . For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction. My bias is to the upside and am long here with a stop being close outside of triangle with confirmation. Almost forgot, that MACD is looking juicy as well : )
NYSE:VETLong
by FriscoTrades
SPX 0dte Income Trading - April 6’22 4425/4420 Bull Put Spread💡 April 6’22 4425/4420 Bull Put Spread $80 Premium Received (per contract) 86% Probability of Profit (at entry) 10:15 AM Time of Entry This is a counter trend trade, wrote below the demand zone of 4465-4445, there sits the 50 DMA, 20 DMA, 50 WMA, and the 4450 negative gamma strike. VIX 24.6, Implied move of 1.54%, any relief rally should see some crush in the VIX which will greatly help out my position. Oversold on the 1H and 15M, however, oversold can get more oversold. My expectation is for a small relief rally into the PM before the release of the Fed minutes. WHAT IS 0DTE TRADING? 0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Since most options expire worthless we take advantage of this by selling credit spreads to collect premium. Our option trading strategy allows us to profit if the market moves up, down or doesn't move at all. ✅ Consistent Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Income Trading - March 28’22 4570/4575 Bear Call Spread💡 March 28’22 4570/4575 Bear Call Spread $85 Premium Received (per contract) 83% Probability of Profit (at entry) 10:15 AM Time of Entry The market continues to chop around battling for direction. SPX is in a short term rising wedge formation which typically resolves to the downside, 4550 is a strong resistance and I expect it to hold today. However, if it does break, a squeeze to the 4600 Call Wall is possible and will make adjustments if this plays out. My expectation today is down to sideways, consolidation zone 4450 to 4500. If we get a proper leg down, we will look to write on the put side. 15 minute momentum is negative and the RSI at 50 WHAT IS 0DTE TRADING? 0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Since most options expire worthless we take advantage of this by selling credit spreads to collect premium. Our option trading strategy allows us to profit if the market moves up, down or doesn't move at all. ✅ Consistent Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Income Trading - March 23’22 4450/4445 Bull Put Spread💡 March 23’22 4450/4445 Bull Put Spread $55 Premium Received (per contract) 3:17 PM Time of Entry End of day counter trend trade Could move down but theta will outpace delta WHAT IS 0DTE TRADING? 0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Since most options expire worthless we take advantage of this by selling credit spreads to collect premium. Our option trading strategy allows us to profit if the market moves up, down or doesn't move at all. ✅ Consistent Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Income Trading - March 23’22 4520/4525 Bear Call Spread💡 March 23’22 4520/4525 Bear Call Spread $85 Premium Received (per contract) 83% Probability of Profit (at entry) 11:06 AM Time of Entry Currently trading at the Gamma Inversion level of 4490 and the 200MA. SPX moved down 1% post/pre market after a massive squeeze higher over the past 6 trading sessions. So far we’ve bounced but with little enthusiasm. Expecting a bear flag formation and another leg lower, 4500 and the 20 MA on the 1hour will be resistance ahead. If we trade above gamma inversion we may grind higher but I’m not expecting the market to take out the previous sessions high today. WHAT IS 0DTE TRADING? 0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Since most options expire worthless we take advantage of this by selling credit spreads to collect premium. Our option trading strategy allows us to profit if the market moves up, down or doesn't move at all. ✅ Consistent Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Income Trading - March 21’22 4510/4515 Bear Call Spread💡 March 21’22 4510/4515 Bear Call Spread $90 Premium Received (per contract) 80% Probability of Profit (at entry) 9:48 AM Time of Entry Double top, hard rejection of the 200MA on an initial squeeze higher from the “Most Shorted Stocks”. It was short lived. Internals turned down with the VIX breaking trendline upwards. Time for a pullback after a magnificent rally last week. Downside Target 50 WMA WHAT IS 0DTE TRADING? 0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Since most options expire worthless we take advantage of this by selling credit spreads to collect premium. Our option trading strategy allows us to profit if the market moves up, down or doesn't move at all. ✅ Consistent Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
OANDA:SPX500USDShort
by 0dteTraders
SPX 0dte Income Trading - March 18’22 4140/4145 Bear Call SpreadSPX 0dte Income Trading - March 18’22 4140/4145 Bear Call Spread 💡 March 16’2022 March 18’22 4140/4145 Bear Call Spread $85 Premium Received (per contract) 80% Probability of Profit (at entry) 9:47 AM Time of Entry Roughly 1/3 of the total S&P/QQQ options position expiring today. For both the SPX & SPY the 440/4400 strike is dominant, and we'll look for pinning around this area today. At this point a stock breakdown does not have support from the options market, but could be fueled lower with increased put buying. PCC 0.76 Short strike is above a cluster of resistance, 50DMA, 50WMA, Previous Sessions High and 4400 Gamma Level WHAT IS 0DTE TRADING? 0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Since most options expire worthless we take advantage of this by selling credit spreads to collect premium. Our option trading strategy allows us to profit if the market moves up, down or doesn't move at all. ✅ Consistent Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
OANDA:SPX500USD
by 0dteTraders
1