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Reliance Industries (RIL) levels & Strategy for Next Few DaysDear 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. RIL is trading near major support level. RIL is the biggest heavy weight stock in Nifty. Today Nifty closed in negative -216 points. Today, RIL alone contributed 50 plus points (nearly 1/4 of the total fall in Nifty). Is it going to reverse from here ? or Will RIL continue to slide ? 1. After increase in Windfall Tax 2. Weakness in Crude Oil Prices Please review & share your comments. as well. Have a very happy, healthy & profitable day ahead!
NSE:RELIANCE
by manishmgupta
2
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. 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) 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) 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:NIFTY
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 & Strategy for 01/09/2022Dear 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 up by 446 points (simply mind-blowing, mind-boggling rally within a day). Nifty closed near day’s high, above 20 EMA , VWAP levels. One way move without any red candle on 15 min chart is amazing & shocking for majority of the traders like me. Honestly, I didn’t anticipate such a one-way strong rally specially after heavy selling by FIIs just a day before. I had clear negative bias but finally followed the price action and OI data (heavy put writing & short covering in calls) which really helped me trading in the direction of trend. Overall, I was relatively safe as my overnight positions are always hedged. Today, Indian markets are closed and SGX Nifty is down by 300 plus points at this point of time. Now, are we getting ready for a gap-down? Let us see, how it goes tomorrow as situation may get change over-night? Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is jumped up by 1260 points. Bank Nifty closed near day’s high, above 20 EMA , VWAP levels. Bank Nifty continued moving up after initial gap-up . Surprisingly, there was no retracement. One of the very rare days. PCR at 1.54 is shifted from oversold zone to overbought zone. Bulls got trapped on 29th Aug & Bears got trapped on 30th Aug. Traders can not work with fixed mindset. We should be dynamic and quick enough in working level by level. We need to study & analyse all inputs and follow market price action. Market is supreme. If our view goes right, then ride on profit using TSL else be quick in taking SL. SL should not be kept in mind. Trader should trade with strict SL and SL order should be place within 60 seconds of placing trade order. Risk:Reward ratio of 1:2 should be maintained which will ensure that we will remain profitable even if our 50% decision goes right. Highest open interest on call side at 41000 (Shifted up from 39500 to 41000) Highest open interest on put side at 38000 (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 with strict SL? Friends, your trading decision should be based on data, price action and your own understanding. Don’t let emotions take-over your trust & trading/investment skills. Please do learn how ride on profit using TSL (Trailing stop loss) and timely exit with market SL (stop loss) & not your own SL. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 01/09/2022Dear 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. BANK NIFTY Bank Nifty is jumped up by 1260 points. Bank Nifty closed near day’s high, above 20 EMA, VWAP levels. Bank Nifty continued moving up after initial gap-up. Surprisingly, there was no retracement. One of the very rare days. PCR at 1.54 is shifted from oversold zone to overbought zone. Bulls got trapped on 29th Aug & Bears got trapped on 30th Aug. Traders can not work with fixed mindset. We should be dynamic and quick enough in working level by level. We need to study & analyse all inputs and follow market price action. Market is supreme. If our view goes right, then ride on profit using TSL else be quick in taking SL. SL should not be kept in mind. Trader should trade with strict SL and SL order should be place within 60 seconds of placing trade order. Risk:Reward ratio of 1:2 should be maintained which will ensure that we will remain profitable even if our 50% decision goes right. Highest open interest on call side at 41000 (Shifted up from 39500 to 41000) Highest open interest on put side at 38000 (Remained at same level) NIFTY Nifty is up by 446 points (simply mind-blowing, mind-boggling rally within a day). Nifty closed near day’s high, above 20 EMA, VWAP levels. One way move without any red candle on 15 min chart is amazing & shocking for majority of the traders like me. Honestly, I didn’t anticipate such a one-way strong rally specially after heavy selling by FIIs just a day before. I had clear negative bias but finally followed the price action and OI data (heavy put writing & short covering in calls) which really helped me trading in the direction of trend. Overall, I was relatively safe as my overnight positions are always hedged. Today, Indian markets are closed and SGX Nifty is down by 300 plus points at this point of time. Now, are we getting ready for a gap-down? Let us see, how it goes tomorrow as situation may get change over-night? 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? Friends, your trading decision should be based on data, price action and your own understanding. Don’t let emotions take-over your trust & trading/investment skills. Please do learn how ride on profit using TSL and timely exit with market SL & not your SL. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 30/08/2022Dear 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. Global cues are quite negative. FIIs sold in cash as well as F&O contracts by -6000 plus crores. Today also Dow Jones and Nasdaq are trading in red. India VIX has jumped up by 8.83%. Crude started boiling again. US Dollar & US 10Y bond yields are maintaining at quite high level. Shall continue to look for sell on rise opportunities till global market sentiments remains negative? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
Bank Nifty Levels & Strategy for 30/08/2022Dear 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. Global cues are quite negative. FIIs sold in cash as well as F&O contracts by 6000 plus crores. Today also Dow Jones and Nasdaq are trading in red. Shall continue to look for sell on rise opportunities till global market sentiments remains negative? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
2
Infosys levels & strategy for coming days?Dear 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. Dow Jones has taken nose dive and closed with deep cut of 1000 plus points and Nasdaq closed below 500 plus points based on outcome of Jackson Hole meeting. Is Infy trading in support zone & ready to take reversal to support index? or Will these negative market sentiments push Infy & other IT stocks further down? Is Infosys trading direction is negative? Infy has formed inverse flag & pole pattern. Will Infy achieve pattern target in coming days? Shall we look sell on rise strategy till global cues are negative? Shall we invest in Infy in small-small chunks for long term in case of decent corrections/near 52 W low from current levels? Please do share your comments as well. Wish you all a very happy, healthy & profitable days ahead!
NSE:INFY
by manishmgupta
3
Infosys levels & strategy for coming days?Dear 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. Dow Jones has taken nose dive and closed with deep cut of 1000 plus points and Nasdaq closed below 500 plus points based on outcome of Jackson Hole meeting. Will these negative market sentiments push Infy & other IT stocks further down? Is Infosys trading direction is negative? Infy has formed inverse flag & pole pattern. Will Infy achieve pattern target in coming day? Shall we look sell on rise strategy till global cues are negative? Shall we invest for long term in case of decent corrections near 52 W low from current levels? Please do share your comments as well. Wish you all a very happy, healthy & profitable days ahead!
NSE:INFYShort
by manishmgupta
Bank Nifty Levels & Strategy for 29/08/2022 and new few daysDear 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. Global cues are clearly negative. Dow Jones has closed with sharp cut of 1000 plus points and Nasdaq with 500 plus points based on outcome of Jacksone Hole meeting. Market sentiments became negative. BANK NIFTY Bank Nifty is up by 36 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Bank Nifty trader firmly and sideways throughout the day Last hour sharp selling/volatility gave opportunities to bears as well as bulls. PCR stayed almost at same from 0.66 to 0.67 which is clearly in bearish zone. Highest open interest on call side at 39500 (Remained at same level) Highest open interest on put side at 39000 (Remained at same level) NIFTY Nifty is up by 36 points. However, Nifty closed near day’s low, below 20 EMA, VWAP levels. Market was stable for most of the day on Friday but we have seen fear & high volatility in last hour. PCR shifted slightly below from 0.76 to 0.73 which is clearly in bearish zone. Highest open interest on call side at 17700 (Shifted down from 18500 to 17700) Highest open interest on put side at 17000 (Remained same at 17000) Shall we expect downward trending market on Monday based on Jackson Hole meeting outcome? Shall now look for only sell on rise opportunities till global market sentiments remains negative? Shall we expect decent profit booking after significant one way relief rally which almost became bull run now? Please do share your comments. Have a nice weekend and wish you happy, healthy & profitable Monday!
NSE:BANKNIFTYShort
by manishmgupta
4
Nifty levels & strategy for 29/08/2022Dear 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 36 points. However, Nifty closed almost flat, below 20 EMA, VWAP levels. Market was stable for most of the day on Friday but we have seen fear & high volatility in last hour. PCR shifted slightly below from 0.76 to 0.73 which is clearly in bearish zone. Highest open interest on call side at 17700 (Shifted down from 18500 to 17700) Highest open interest on put side at 17000 (Remained same at 17000) BANK NIFTY Bank Nifty is up by 36 points. Bank Nifty closed almost flat, below 20 EMA, VWAP levels. Bank Nifty trader firmly and sideways throughout the day Last hour sharp selling/volatility gave opportunities to bears as well as bulls. PCR stayed almost at same from 0.66 to 0.67 which is clearly in bearish zone. Highest open interest on call side at 39500 (Remained at same level) Highest open interest on put side at 39000 (Remained at same level) Shall we expect downward trending market on Monday based on Jackson Hole meeting outcome? Shall now look for only sell on rise opportunities till global market sentiments remains negative? Shall we expect decent profit booking after significant one way relief rally which almost became bull run now? Please do share your comments. Have a nice weekend and wish happy, healthy & profitable Monday!
NSE:NIFTYShort
by manishmgupta
Bank Nifty Levels for 25/08/2022Dear 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. BANK NIFTY Bank Nifty is further up by 341 points. Bank Nifty is looking good & closed above 20 EMA , VWAP level near day’s high. Once again, we had a highly volatile day. PCR shifted up from 0.90 to 1.08 which is now back in bullish zone. Highest open interest on call side at 40000 (Remained same as yesterday) Highest open interest on put side at 38000 (Shifted down from 38500 to 38000) NIFTY Nifty is slightly up by 27 points. Nifty closed above 20 EMA , VWAP level near day’s high. Once again, we had a highly volatile day. PCR remained flat from 0.83 to 0.84 which is still in bearish zone. Nifty hourly chart has formed flag & pole pattern which is also indicating bearishness in price action on chart. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17000 (Shifted down from 17500) Shall we continue to expect high volatility till outcome of Jackson Hole meeting? Shall we look for buy on dips and sell on rise opportunities with suitable SL/TSL? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
2
Nifty levels for 26/08/2022Dear 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 down by -82.5 points. Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted below from 0.84 to 0.76 which is still in bearish zone. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17000 (Remained same at 17000) BANK NIFTY Bank Nifty is down by -88 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted down from 1.08 to 0.66 which is now back in bearish zone. Highest open interest on call side at 39500 (Shifted down from 40000 to 39500) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) – BULLS GOT TRAPPED Shall we expect trending market tomorrow after Jackson Hole meeting outcome? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Bank Nifty Level for 26/08/2022Dear 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. BANK NIFTY Bank Nifty is down by -88 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted down from 1.08 to 0.66 which is now back in bearish zone. Highest open interest on call side at 39500 (Shifted down from 40000 to 39500) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) – BULLS GOT TRAPPED NIFTY Nifty is down by -82.5 points. Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted below from 0.84 to 0.76 which is still in bearish zone. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17000 (Remained same at 17000) Shall we expect trending market tomorrow after Jackson Hole meeting outcome? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Nifty Levels for 25/08/2022Dear 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 slightly up by 27 points. Nifty closed above 20 EMA, VWAP level near day’s high. Once again, we had a highly volatile day. PCR remained flat from 0.83 to 0.84 which is still in bearish zone. Nifty hourly chart has formed flag & pole pattern which is also indicating bearish price action on chart. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17000 (Shifted down from 17500) BANK NIFTY Bank Nifty is further up by 341 points. Bank Nifty closed above 20 EMA, VWAP level near day’s high. Once again, we had a highly volatile day. PCR shifted up from 0.90 to 1.08 which is now back in bullish zone. Highest open interest on call side at 40000 (Remained same as yesterday) Highest open interest on put side at 38000 (Shifted down from 38500 to 38000) Shall we continue to expect high volatility till outcome of Jackson Hole meeting? Shall we look for buy on dips and sell on rise opportunities with suitable SL/TSL? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Bank 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. BANK NIFTY Bank Nifty is up by 400 points. Bank Nifty closed above 20 EMA, VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.61 to 0.90 which is still in bearish zone. Highest open interest on call side at 40000 (Shifted up from 39500) Highest open interest on put side at 38500 (Shifted up from 37000) 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:BANKNIFTY
by manishmgupta
2
Nifty Index 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
Nifty Index Levels for 23/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Indix VIX further jumped up by 4.12% from 18.29 to 19.04. Dow Jones is down 494 points and Nasdaq is down by 287 points at this point of time. Please do check closing data for tomorrow's trading reference. US DOLLAR INDEX has up beyond 108 level and continuous weakness in Rupee is certainly not a good sign for Indian market. Nifty closed below 20 EMA and VWAP level. We had a highly volatile day. PCR shifted down to 0.6 which is clearly in bearish zone now. Today also selling was quite sharp . Highest open interest on call side at 18000. Highest open interest on put side at 17000. FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs ( Bearish ): FII sold in cash market for -454 crores and bought in derivative market contract for 3319 crores (please do continue to read about whether they bought calls to add new long positions or bought puts to add more short positions in the system). FIIs significantly reduced their long as well as short contract in Index future and added short stock future contracts. FIIs took long positions in calls. FIIs significantly added two times PUT long positions in Index compare to short positions. FIIs are heavily short in stock futures and hedged their positions using call & put options. DIIs (Mild Bullish ): DII sold in cash for -85 Crores. DIIs have reduced their positions in Index & future contracts. PRO ( Bearish ): Pro traders have reduced their long index & stock future contracts and heavily wrote call options in index & stocks. CLIENT ( Bullish ): Retail traders significantly reduced their long future contract positions in index & stocks. Heavily wrote call options in index, bought puts & calls hedge their position Overall, shall we continue to expect high volatility for next few days? Shall we look for sell on rise opportunities based negative cues? or Is market is taking few steps back for bigger move towards all time high? We are getting close to important support level . Please do watch it carefully to avoid getting into bears trap at lower levels & bulls trap on bounces. PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY WITH STRICT SL (STOP LOSS) & MAXIMISE YOUR PROFIT USING TRAILING SL. Have a happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
Bank Nifty Index Levels for 23/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Indix VIX further jumped up by 4.12% from 18.29 to 19.04. Dow Jones is down 494 points and Nasdaq is down by 287 points at this point of time. Please do check closing data for tomorrow's trading reference. US DOLLAR INDEX has up beyond 108 level and continuous weakness in Rupee is certainly not a good sign for Banking sector as a whole. Bank Nifty closed below 20 EMA and VWAP level. We had a highly volatile day. PCR shifted down from 0.67 to 0.61 which is clearly in bearish zone now. Today also selling was quite sharp . Highest open interest on call side at 39500. Highest open interest on put side at 37000. FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs (Bearish): FII sold in cash market for -454 crores and bought in derivative market contract for 3319 crores (please do continue to read about whether they bought calls to add new long positions or bought puts to add more short positions in the system). FIIs significantly reduced their long as well as short contract in Index future and added short stock future contracts. FIIs took long positions in calls. FIIs significantly added two times PUT long positions in Index compare to short positions. FIIs are heavily short in stock futures and hedged their positions using call & put options. DIIs (Mild Bullish): DII sold in cash for -85 Crores. DIIs have reduced their positions in Index & future contracts. PRO (Bearish): Pro traders have reduced their long index & stock future contracts and heavily wrote call options in index & stocks. CLIENT (Bullish): Retail traders significantly reduced their long future contract positions in index & stocks. Heavily wrote call options in index, bought puts & calls hedge their position Overall, shall we continue expect high volatility in coming week? Shall we look for sell on rise opportunities based negative cues? or Is market is taking few steps back for bigger move towards all time high? We are getting close to important support level. Please do watch it carefully to avoid getting into bears trap & bulls trap in bounces. PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY WITH STRICT SL (STOP LOSS) & MAXIMISE YOUR PROFIT USING TRAILING SL. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
6
POLYCAB - Trend Analysis - 26th JulyPOLYCAB - Trend Analysis - 26th July NSE: POLYCAB has formed a flag and pennant pattern. Open interest data is bearish with higher probability for downside Wait for a 15 mins candle to close above 2238 or below 2204 with stop loss of other end of the candle. Target for 1:1 or 1:2 risk reward ratio Disclaimer: This is for educational purpose. We are not SEBI registered analysts. #TrendAnalysis #NSEindia #Trading #StockMarketindia #Tradingview
NSE:POLYCAB
by TeddyBear8884