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Bank Nifty Levels & Strategy for 24/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. BANK NIFTY Bank Nifty once again hit the new lifetime high. Profit booking strategy at highest level of all time worked really well. Big players have long positions (mainly PE writing) as well as short positions (mainly CE writing). They are ready on both the sides. Gap-up is likely to be sold & vice-versa. It looks like once again we are heading for another range bound expiry. Option bias is once again positive with new calls addition (ATM -long & ITM-Short covering) & PE writing. We should continue with profit booking at higher level as well as lower level. Option writers are really doing exceptionally well. Option buyers need to be very careful and wait patiently for breakout or breakdown opportunity. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 23/NOV/2022 BANK NIFTY IS UP BY 272 POINTS Name Price Previous Day Change % Change Bank Nifty 42729 42457 272.05 0.64% India VIX 14.04 13.84 0.20 1.44% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 3501750, CE LTP: 21) Max OI (Puts) 42500 (Open Interest: 3720600, PE LTP: 46) PCR 1.22 (PCR is in buying Zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
2
How to Trade in Options?In this video we try to make you understand to get right entry to avoid Stop Losses #nifty #priceaction #priceactiontrading #optionanalysis #banknifty #bankniftyprediction #nifty50 #niftytomorrow #niftyprediction #niftyanalysis #niftyfifty #niftytoday #niftybank #banknifty #bankniftytomorrow #bankniftyprediction #bnkniftytrading #charts #technicalanalysis #crypto #sensex #nse #nseindia #bse #optionsellingstrategy #optionstrading #optionsellingstrategy #optionstrategy #optiontrading #optionsellingstrategy
NSE:NIFTYEducation
by gurubhai
Nifty Levels & Strategy for 22/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 is trying to fill-up left out gap. Put side long buildup & short covering indicates the little weakness in Nifty. Call writing continued in all types of options. PCR shifted in oversold zone. India VIX started increasing but still at lower/comfortable level which indicates that Bulls are looking ready to buy any decent dip. Overall bias is slightly negative. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 21/NOV/2022 NIFTY IS DOWN BY -148 POINTS Name Price Previous Day Change % Change Nifty 18160 18308 -147.70 -0.81% India VIX 14.80 14.39 0.41 2.83% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 18300 (Open Interest: 12104450, CE LTP: 37.5) Max OI (Puts) 18000 (Open Interest: 6988150, PE LTP: 20.7) PCR 0.64 (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:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
4
Long Options Strategy on EWZElections in Brazil have more or less settled down, and so has the initial volatility following results. While there is still some pessimism about President Luiz Inacio Lula da Silva's victory and consequent spending, the economy seems fundamentally strong enough to support it. Expanding the portfolio to foreign countries, iShares MSCI Brazil ETF (EWZ) includes exposure to commodities and oil/gas giants such as Petrobras and Vale. Looking at the weekly chart, EWZ may rise to follow the bull flag, but this hedged options strategy can protect from a fall of <26% (to below $21.83) as of 6/16/23 while still maintaining the potential to quickly make up to 10% (18% annualized). EWZ is attractive to long-term investors as a dividend stock, which may buoy its valuation as well. Buy 1 $29 Call Sell 1 $31 Call Sell 1 $22 Put All expiring 6/16/23 Capital requirement: $2183
AMEX:EWZLong
by oliveinvest
1
Nifty Level & Strategy for 21/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 trading range is quite clear & perfectly trading within a range (marked on chart). Range is always good for option writers. Please review the option data. ATM/OTM/ITM Calls were written by the big players & professional traders. We have seen short covering in on Puts side which indicates little bearishness. Option buyers should still wait & stay away and get into trade only when nifty break out above or break down below the range with rise in volatility and market clearly pick-up the momentum. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 18/NOV/2022 NIFTY IS DOWN BY -36 POINTS Name Price Previous Day Change % Change Nifty 18308 18344 -36.25 -0.20% India VIX 14.39 14.88 -0.49 -3.28% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 18400 (Open Interest: 10565600, CE LTP: 69) Max OI (Puts) 18300 (Open Interest: 6853050, PE LTP: 78.95) PCR 0.73 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Buildup Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Covering, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 18/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 is trying hard to hit new lifttime high. Big players are managing index at higher levels and profit booking is going on in stocks & also at higher levels in indices. Big players have turned neutral and option writers are making good money. Option buyers should stay away and get into trade only when volatility rises and market picks-up the momentum. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 18/NOV/2022 NIFTY IS DOWN BY -66 POINTS Name Price Previous Day Change % Change Nifty 18344 18410 -65.75 -0.36% India VIX 14.88 15.10 -0.22 -1.47% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9994000, CE LTP: 3.5) Max OI (Puts) 18000 (Open Interest: 5235650, PE LTP: 30.1) PCR 0.89 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
TCOM Hedged Options TradeAt the midpoint of travel, China, and the internet is Shanghai-based TCOM -- owner and operator of Trip. com, Skyscanner, Qunar, TrainPal, MakeMyTrip and other websites for hotel reservations, transportation tickets, corporate travel, and other travel services internationally. Other areas of business are insurance products, tours and packages, travel data collection and analysis for companies, travel reporting, online advertising and financing services. As China re-opens after COVID, Beijing attempts warmer relations with Washington, and revenge travel buoys both short- and long- term outlooks for the industry, the weekly chart for TCOM shows mainly bullish with a bit of indecision. A quick peek at popular sites like Yahoo Finance confirm a positive outlook, with the majority of analysts saying it's a buy, with a few "strong buys" and a few "holds." This hedged options strategy can make up to 12% (21% annualized) while allowing TCOM room to fall 35% to below $18.81 through next June before losing any money. Buy 1 $28 Call Sell 1 $32 Call Sell 2 $19 Puts All expiring 6/16/23 Capital Required: $3763
NASDAQ:TCOMLong
by oliveinvest
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
$COST Short Idea - First target 465Market has been rallying but today seemed suspect and pop in VIX implies smart money possibly hedging under the hood. Time to start looking for hedges / short opportunities , whether we get a large move down or just a pullback before going higher, IMO in the near term we see some selling. Costco is at trend line resistance and therefore I see it as a good hedge/ short candidate. Also at the top of the BB , implying as a mean reversion trade we at least see 495, with 465 being the max profit taking level for me. For the less risk adverse can trade a 525/530 call credit spread or a 525/520 put debit spread, although all out short / long put is also an option ... I'm looking at DEC opex. Cheers - Frisco
NASDAQ:COSTShort
by FriscoTrades
Bank Nifty Levels & Stratagy for 16/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. BANK NIFTY Bank Nifty is again hit new lifetime high after consolidation from past few days. Bank Nifty closed at new lifetime high. Options data & PCR is indicating price action in long direction. Bulls have added new in ATM & OTM long calls & pushed the bears for short covering in ITM calls. Bank Nifty is looking strong. However, retail traders should continue to book profit near lifetime high and stay light. Shall we continue with buy on dips with strict SL????? Yes, I think so. Please find below scorecard & options statistics. BANK NIFTY SCORECARD DATED 15/NOV/2022 BANK NIFTY IS UP BY 296 POINTS Name Price Previous Day Change % Change Bank Nifty 42373 42077 295.95 0.70% India VIX 14.64 14.91 -0.27 -1.84% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 2141575, CE LTP: 34.55) Max OI (Puts) 42000 (Open Interest: 3370300, PE LTP: 63) PCR 1.36 (PCR is in overbought 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
NSE:BANKNIFTY
by manishmgupta
Nifty Bank Levels & Strategy for 14/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. BANK NIFTY Today, Bank Nifty performed really well. Bank Nifty not only hit new lifetime high but also on closing basis. FIIs/Big players have turned the bullish and retail trader turned super bearish (Why ?????). Profit booking at higher level is okay. Bank Nifty was consolidating in less than 500 points range from last one week plus and today given a range breakout. Let us hope for higher levels in coming days and continue to look for buy on dips opportunities till Bank Nifty changes it's trend. Please find below Bank Nifty Scorecard & options statistics. Options data clearly indicating new long positions buildup and short covering in calls and put writing at all levels. May God save retail traders. PLEASE UNDERSTAND THAT RETAIL TRADERS ARE MOSTLY BUYING OPTIONS AND BIG PLAYERS ARE MOSTLY SELLING OPTIONS. OPTION SELLERS, ALWAYS HAVE EDGE. THEREFORE, RETAIL TRADER SHOULD NEVER CARRY NAKED CALL OR PUT OPTIONS AND ALWAYS HEDGE THEIR OVERNIGHT POSITIONS IN FUTURE AS WELL AS OPTION CONTRACTS. BANK NIFTY SCORECARD DATED 11/NOV/2022 BANK NIFTY IS UP BY 533 POINTS Name Price Previous Day Change % Change Bank Nifty 42137 41604 533.30 1.28% India VIX 14.41 15.57 -1.16 -7.47% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 44000 (Open Interest: 2467875, CE LTP: 9.15) Max OI (Puts) 42000 (Open Interest: 3060575, PE LTP: 221.55) PCR 1.15 (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
NSE:BANKNIFTY
by manishmgupta
IOT Bullish Hedged Options StrategySF-based Samsara provides a platform connecting IoT devices to its Cloud, for operations such as tracking fleets of vehicles and other equipment. (Its ticker, IOT, alludes to the "Internet of Things" -- connecting a network of objects with sensors, processing ability, software, and other technologies that exchange data over the internet or another communications network.) Samsara's Connected Operations Cloud also takes data from its IoT devices and enriches them with AI capability, analytics, alerts and data security/privacy. It also has advanced applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility. Customers include companies from a wide range of industries, including transportation, logistics, construction, utilities, energy, government, healthcare, education, manufacturing, food and beverage, supply chains in general. Major indices $SPX $SPY $QQQ continue to rise today, with midterm elections settling down (historically a boon for stocks) and hopeful inflation data. With a positive outlook and the holiday season approaching, perhaps IoT and supply chain logistics would be a good investment. The most recent wicks also show investors trying to drive the price up, especially on smaller timeframes such as 2-4 hours, bumping it up to the EMA. This strategy can make up to 20% (30% annualized) while protecting from a fall of up to 27% as of 7/21/2023. Sell 1 $7.50 put (exp 7/21/23) Sell 1 $10.00 put (exp 7/21/23) Capital Required: $1492 Win Probability: HIGH
NYSE:IOTLong
by oliveinvest
Bank Nifty Levels & Strategy for 11/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. BANK NIFTY Today, once again we have seen both types of trades in Bank Nifty. Bank Nifty open in red, touched the major support level and finally offered decent recovery from lower levels. Pressure at higher level near lifetime is quite evident. Traders should continue to book profit at higher levels and hedge their overnight positions to protect their capital. Please find below Bank Nifty scorecard for more details about short & long positions in options. BANK NIFTY SCORECARD DATED 10/NOV/2022 BANK NIFTY IS DOWN BY -179 POINTS Name Price Previous Day Change % Change Bank Nifty 41604 41783 -179.45 -0.43% India VIX 15.57 15.92 -0.35 -2.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 1097450, CE LTP: 473) Max OI (Puts) 41500 (Open Interest: 1068775, PE LTP: 292.9) 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
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 11/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 Profit booking pushed Nifty to major support levels. Bulls attempted tried hard to recover and Nifty closed above 18000 psychological level. Let us consider today's move as profit booking. We should continue to book profit in long positions near major resistance levels marked in the chart and work level by level. Option writers are really enjoying the theta decay. Good luck to option buyers (take directional trade only when market pick-up the momentum & you get a good trading setup). Please find below Nifty scorecard with long as well short option positions details. NIFTY SCORECARD DATED 10/NOV/2022 NIFTY IS DOWN BY -129 POINTS Name Price Previous Day Change % Change Nifty 18028 18157 -128.80 -0.71% India VIX 15.57 15.92 -0.35 -2.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9282300, CE LTP: 2) Max OI (Puts) 18000 (Open Interest: 6997050, PE LTP: 110) PCR 0.79 (PCR is in bearish 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
NSE:NIFTY
by manishmgupta