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Bank Nifty Levels & Strategy for 14/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. BANK NIFTY Today, Bank Nifty closed in red based on heavy selling by FIIs & Big Players. Tomorrow's Bank Nifty's performance will be based on US CPR inflation data 8.2% (reduced YOY & increased MOM) & market performance. US FED has left out with no option & have to go ahead with aggressive rate hike (0.75%) in Nov-22. Right now, Dow Jones (+800 points) and Nasdaq (+240 points) are trading in green and recovered significantly from day's low. Tomorrow, we should expect a trending move however retail traders should work level by level and avoid getting carried away. Bank Nifty is trading in oversold zone. 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????? BANK NIFTY SCORECARD DATED 13/OCT/2022 BANK NIFTY IS DOWN BY -495 POINTS Name Price Previous Day Change % Change Bank Nifty 38624 39119 -494.55 -1.26% India VIX 20.29 20.18 0.12 0.57% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 1418550, CE LTP: 144) Max OI (Puts) 37500 (Open Interest: 1086775, PE LTP: 22) PCR 0.64 (PCR is in 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:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYLong
by manishmgupta
Bank 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. BANK NIFTY Bank Nifty was oversold and traders got buy on dips opportunity from Yesterday's low to Yesterday's high. 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 previous day's high). 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. 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????? BANK NIFTY SCORECARD DATED 12/OCT/2022 BANK NIFTY IS UP BY 406 POINTS Name Price Previous Day Change % Change Bank Nifty 39119 38712 406.10 1.05% India VIX 20.18 20.49 -0.32 -1.54% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 3024050, CE LTP: 6.8) Max OI (Puts) 37500 (Open Interest: 2592775, PE LTP: 13.15) PCR 1.01 (PCR is in sideways zone ) Bank Nifty Calls: ATM: Short covering, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Liquidation Bank 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:BANKNIFTY
by manishmgupta
Bank 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. BANK NIFTY Bank 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. We need to trade patiently and wait for right trade setup then working level by level based on technical indicator was profitable (e.g. buying near lower level Bollinger band with bullish engulfing pattern & breakout above VWAP, selling near higher end of Bollinger band with evening star pattern and breakdown below VWAP). 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????? BANK NIFTY SCORECARD DATED 11/OCT/2022 BANK NIFTY IS DOWN BY -381 POINTS Name Price Previous Day Change % Change Bank Nifty 38712 39093 -380.65 -0.97% India VIX 20.49 19.62 0.87 4.42% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 2924950, CE LTP: 13.25) Max OI (Puts) 37000 (Open Interest: 2001150, PE LTP: 5.3) PCR 0.68 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short covering, OTM:Short covering, 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:BANKNIFTY
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
Bank Nifty Levels & Strategy for 10/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. BANK NIFTY Bank Nifty closed almost flat (-105) in red zone. PCR is in bearish zone. FIIs as well as DIIs have added plenty of bearish positions in F&O. US market closed in red. Dow Jones (-630), Nasdaq (-446). We are all set for the gap-down on Monday. Global cues & overall trend has turned negative. Is sell on rise going to be better strategy for Monday trades with strict SL? Yes, I think so, What do your thoughts? BANK NIFTY SCORECARD DATED 07/OCT/2022 BANK NIFTY IS DOWN BY -105 POINTS Name Price Previous Day Change % Change Bank Nifty 39178 39283 -104.80 -0.27% India VIX 18.81 19.32 -0.50 -2.60% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 2045875, CE LTP: 324.05) Max OI (Puts) 39000 (Open Interest: 1792125, PE LTP: 115.35) PCR 0.84 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, 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:BANKNIFTYShort
by manishmgupta
$PLTR | Overbought & DivergenceWith PLTR we see several items that could be a signal for a potential reversal finally. We see a broken upper Bollinger Band multiple times as well as bearish divergence near this top. Also a gap back down below short term support (highlighted by the blue line). Even though I have the next spot for support marked, we could be looking at a "SOFT" landing around $7.94 area due to the respect of the 20MA. I previously took out PUT contracts on PLTR around the first break of the Bollinger Band so this is definite relief.
PShort
by CryptoHotep
Nifty Levels & Strategy for 07/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 with it's excellent performance. Finally, we have seen decent profit booking action. Initially bulls got good chance to earn, later option writers took over and finally profit booking gave chance to bears as well. Overall, good recovery from 100 DMA in last few days but Nifty is still trading below 50 DMA. We need to trade cautiously at higher levels as US dollar index started heating up again. NIFTY SCORECARD DATED 06/OCT/2022 NIFTY IS UP BY 58 POINTS Name Price Previous Day Change % Change Nifty 17332 17274 57.50 0.33% India VIX 19.32 19.57 -0.25 -1.30% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 17500 (Open Interest: 4346500, CE LTP: 73) Max OI (Puts) 17000 (Open Interest: 2472700, PE LTP: 59.35) PCR 0.82 (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 Shall we continue to look for buy on dips opportunity at support levels & sell on rise near resistance levels with strict SL????? Yes, I think so in case we get quality trading setup in either direction. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 06/Oct/2022 ExpiryDear 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 Spectacular performance by Bank Nifty after yesterday's sharp correction. Retail/HNIs traders were heavily benefitted & rewarded for their long positions. FIIs booked the loss & turned highly bullish for 6th Oct expiry. Today, Retails traders have heavily added bearish positions for 6th Oct expiry. Short covering may lift Bank Nifty to higher levels. Today also US market is trading in positive zone and there may be another gap-up on Thursday. Big players are playing with innocent retail traders emotions who are not properly equipped with all required tools. If Bank Nifty closed at higher level on Thursday and all bearish positions may expire worthless. Post expiry FIIs/big players may again flip the side. May God bless retail traders. RETAIL TRADERS MUST AVOID NAKED LONG TRADES IN WEEKLY PUT & CALL OPTIONS, PLEASE LEARN TO HEDGE OVERNIGHT POSITIONS WITHOUT FAIL. BANK NIFTY SCORECARD DATED 04/OCT/2022 BANK NIFTY IS UP BY 1080 POINTS Name Price Previous Day Change % Change Bank Nifty 39110 38030 1080.40 2.84% India VIX 19.57 21.37 -1.80 -8.40% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 2714350) Max OI (Puts) 37000 (Open Interest: 2701450) PCR 1.07 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Short covering, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Shall we look for buy on dips opportunity at support levels & sell on rise with strict SL at higher levels as long as Nifty trading within a range? Yes, I think so. What do you think? 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 06/Oct/2022 ExpiryDear 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 Amazing performance by Nifty. Retail/HNIs traders were heavily benefitted & rewarded for their long positions. FIIs booked the loss & turned highly bullish for 6th Oct expiry. Today, Retails traders have heavily added bearish positions for 6th Oct expiry. Retail/HNI traders short covering may lift Nifty to high level. Today also US market is trading in positive zone. NIFTY SCORECARD DATED 04/OCT/2022 NIFTY IS UP BY 387 POINTS Name Price Previous Day Change % Change Nifty 17274 16887 386.95 2.29% India VIX 19.57 21.37 -1.80 -8.40% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 17500 (Open Interest: 7905950) Max OI (Puts) 17000 (Open Interest: 7070200) PCR 1.2 (PCR is in buying Zone) Nifty Calls: ATM: Short Covering, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Shall we look for buy on dips opportunity at support levels & sell on rise with strict SL at higher levels as long as Nifty trading within a range? Yes, I think so. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
Bank Nifty Levels & Strategy for 04/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. BANK NIFTY Bank Nifty is trading within a range and getting ready for break out or breakdown. Bears as well as bulls are getting decent opportunities who are working level by level and earning well. FIIs were bullish in F&O on Friday and they have lifted the indices to clear their long positions. Today they have added bearish positions and US markets are trading in nice green. We should expect a correction till support level in case of gap-up in Indian market. BANK NIFTY SCORECARD DATED 03/OCT/2022 BANK NIFTY IS DOWN BY -602 POINTS Name Price Previous Day Change % Change Bank Nifty 38030 38632 -602.30 -1.56% India VIX 21.37 19.97 1.40 7.00% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 3368950) Max OI (Puts) 37000 (Open Interest: 1856600) PCR 0.73 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short covering, OTM:Short covering, ITM:Long Buildup, FAR OTM:Short covering Shall we look for buy on dips opportunity at support levels & sell on rise with strict SL at higher levels as long as Bank Nifty is trading within a range? Yes, I think so. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
2
Nifty Levels & Strategy for 04/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 was clearly choppy and trading within a range. It has touched day's lower & upper range perfectly as per chart posted yesterday. US/Global as well as Indian markets became highly volatile. Nifty is down significantly but still closed above 50 DMA. Bulls Vs Bears fight is going on. It will interesting to watch Nifty will break the range on long or short side. NIFTY SCORECARD DATED 03/OCT/2022 NIFTY IS DOWN BY -207 POINTS Name Price Previous Day Change % Change Nifty 16887 17094 -207.00 -1.21% India VIX 21.37 19.97 1.40 7.00% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 17000 (Open Interest: 7613750) Max OI (Puts) 16000 (Open Interest: 5032350) PCR 0.67 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Covering, OTM:Short Covering, ITM:Short Covering, FAR OTM:Short Buildup Shall we look for buy on dips opportunity at support levels & sell on rise with strict SL at higher levels as long as Nifty trading within a range? Yes, I think so. What do you think? 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 03/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 was clearly trending after RBI's policy. Every dip was bought. This relief rally was much awaited by traders. Those who waited patiently for RBI's policy got rewarded heavily. PCR shifted from oversold to buying zone within a day. Those who worked level by level also got benefitted heavily by reversing their trades after SL got hit on short side. Short covering lifted Nifty to 300 plus points from day's low. ATM bullish positions are build and short covering happened in ITM calls clearly indicating strength on bullish side. It will be interesting to see if relief rally will be sold again. WORK LEVEL-BY-LEVEL WITH STRICT SL. NIFTY SCORECARD DATED 30/SEP/2022 NIFTY IS UP BY 276 POINTS Name Price Previous Day Change % Change Nifty 17094 16818 276.25 1.64% India VIX 19.97 21.30 -1.33 -6.27% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 17500 (Open Interest: 4488900) Max OI (Puts) 16700 (Open Interest: 4867300) PCR 1.16 (PCR is in buying 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:Long Liquidation, FAR OTM:Short Buildup Shall we look for buy on dips opportunity after initial gap-up & sell on rise with strict SL at higher levels? Yes, I think so. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
Bank Nifty Levels & Strategy for 03/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. BANK NIFTY Bank Nifty was clearly trending after RBI's policy. Every dip was bought. Those who waited patiently for RBI's policy got rewarded heavily. PCR shifted from oversold to buying zone within a day. Those who worked level by level also got benefitted heavily by reversing their trades after SL got hit on short side. Short covering lifted Bank Nifty to 1000 plus points from day's low. ATM bullish positions are build and short covering happened in ITM calls clearly indicating strength on bullish side. It will be interesting to see if relief rally will be sold again in 2nd half. WORK LEVEL-BY-LEVEL WITH STRICT SL. BANK NIFTY SCORECARD DATED 30/SEP/2022 BANK NIFTY IS UP BY 984 POINTS Name Price Previous Day Change % Change Bank Nifty 38632 37648 984.20 2.61% India VIX 19.97 21.30 -1.33 -6.27% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 2106075) Max OI (Puts) 37500 (Open Interest: 1833250) PCR 1.08 (PCR is in buying Zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Shall we look for buy on dips opportunity after initial gap-up & sell on rise with strict SL at higher levels? Yes, I think so. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYLong
by manishmgupta
2
Bank Nifty Level & Strategy for 30/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 Today's gap-up was sold in no time and once again, Bank Nifty closed in red & below 50 DMA. Bank Nifty is still trading above 100 & 200 DMA levels. Bank Nifty continued to remain in oversold zone and looking weak ahead of RBI policy/rate hike on 30/Sep/2022. We are expecting RBI rate hike upto 0.5% and majority of the global factors is already priced in. Tomorrow's move will be based on RBI's rate hike & post hike commentary. BANK NIFTY SCORECARD DATED 29/SEP/2022 BANK NIFTY IS DOWN BY -112 POINTS Name Price Previous Day Change % Change Bank Nifty 37648 37760 -112.10 -0.30% India VIX 21.30 22.10 -0.79 -3.59% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 1529125) Max OI (Puts) 36000 (Open Interest: 1013725) PCR 0.61 (PCR is in oversold zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Please do wait & watch for RBI's policy and commentary. Tomorrow, once again trading is likely to be volatile only. Price-action on chart will be give you the correct picture. Work level by level to avoid big surprises. Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
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. NIFTY Nifty closed in red and below 50 DMA but defended 100 DMA level. Nifty is oversold. As expected, IT stocks started moving up from lower levels. Today also buy on dips and sell on rise strategy worked well. Is higher volatility from last 2 days indicating temporary bottoming process. 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 short/take bearish positions at higher levels with strict SL only otherwise they may get into beartrap. NIFTY SCORECARD DATED 28/SEP/2022 NIFTY IS DOWN BY -149 POINTS Name Price Previous Day Change % Change Nifty 16859 17007 -148.80 -0.87% India VIX 22.10 21.57 0.53 2.45% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 17000 (Open Interest: 9576050) Max OI (Puts) 16500 (Open Interest: 6235950) PCR 0.61 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short 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:NIFTYLong
by manishmgupta
SHOP Options StrategyCanadian e-commerce platform Shopify Inc (SHOP) offers 1.7 million online retailers in 175 countries (as of 2021) a range of services including payment, marketing, shipping and customer engagement. After online shopping boomed during the pandemic, it crashed ~80%, laid off 10% of its workers, and acquired Deliverr (product shipping) and Dovetail (influencer marketing). Shopify has also announced expansion into brick-and-mortar with its new product, the POS Go -- a device that allows retailers to provide wireless checkout anywhere in the store and analyzes sales, inventory and other data for merchants. Market cap $35B. If SHOP has hit its low and is on its way up, here's an options strategy that maintains growth potential of up to 18% (26% annualized) but also allow some downside protection as SHOP is given room to fall 47% before breaking even. Capital required: $2969.64 Hedged option legs: Buy 1 $25 call Sell 1 $30 call Sell 2 $15 puts Exp 6/16/23 Win probability: HIGH
NYSE:SHOPLong
by oliveinvest