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Tomorrow the Dollar will continue it's descent!Now that we've retested the neckline of our H&S which intersects perfectly with the 200 day moving average, the dollar will have found permission from the bulls, who will give up here, to continue it's descent. Follow the VIX in correlation with this downward trend and we will begin to observe still more bullish activity in the stock market. Should the moves be significant, we can only hope that crypto will follow slightly, or at least hold from sustaining more losses. Best, Stew
TVC:DXYShort
by stewdamus
Bank Nifty Levels & Strategy for 07/Dec/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: Options data indicating mild bearishness ahead of RBI policy. Smart money/big players have added plenty of new bearish positions. USA market are already nervous ahead of another rate in next week. Tomorrow, we can expect a sideway move ahead of RBI policy. Post RBI policy market direction will be dependent on rate hike & commentary by RBI regarding inflation & growth outlook. Red Flags to keep in mind for coming days: 1.RBI meeting is going on. Reserve Bank of India (RBI) is likely to go ahead with another rate hike approx. 0.35% on Dec-07 2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen. 3.Gujrat results on Dec-08. Exit-poll results looking good for market Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday) Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 06/DEC/2022 BANK NIFTY IS DOWN BY -194 POINTS Name Price Previous Day Change % Change Bank Nifty 43139 43333 -194.40 -0.45% India VIX 14.04 13.73 0.31 2.26% OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA Max OI (Calls) 43200 (Open Interest: 2962250, CE LTP: 235.15) Max OI (Puts) 43000 (Open Interest: 3863625, PE LTP: 111.2) PCR 0.78 (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:Long Liquidation, ITM:Short covering, FAR OTM:Long Liquidation
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 06/Dec/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: Options data indicating sideways. Smart money/big players are adding bullish positions. However, as a retail investor, we should continue to book profit near new lifetime high & wait for good trade setup/good buy on dips opportunities. Red Flags to keep in mind for coming days: 1.Today, RBI meeting started. Reserve Bank of India (RBI) is likely to go ahead with another rate hike (approx. 0.25%) on Dec-07 then what will happen in banking stocks????? 2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen. 3.Gujrat results on Dec-08. Exit-poll stuff started today evening. Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday) Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 05/DEC/2022 NIFTY IS UP BY 5 POINTS Name Price Previous Day Change % Change Nifty 18701 18696 4.95 0.03% India VIX 13.73 13.45 0.28 2.10% OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9728050, CE LTP: 15.95) Max OI (Puts) 18700 (Open Interest: 5218500, PE LTP: 78) PCR 0.68 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
1
Bank Nifty (5DEC) Analysis 🐂1:- Chance Of GAPUP 2:- Bank Nifty Will be Mostly BULLISH 3:-Bank nifty is properly giving respect to (Support trendline) 4:- Bank Nifty Can Give Move to Both Side(CE,PE)of 200+ pnts to both side 5:- IMP Resistance:- (43515.60, 43332.10, 43160.60) IMP Support:-(43015.10, 42876.35, 42655.65) IMP ZONE:- (43281.90 to 43332.10) 6:- MY up side target will be Till (43400) 7:- Up Side 200+ Down Side:- 400 (safely 200) Market Can be BULLISH🐂 ONLY FOR EDUCATION PURPOSE
NSE:BANKNIFTYLong
by AdityaRajput28
Nifty Levels & Strategy for 05/Dec/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: Options data indicating mild weakness. FIIs are super bearish & Retail traders are super bullish. Retail traders should be trading carefully near lifetime high levels & hedge their overnight positions. Wait patiently & trade only good quality trade setup with decent R:R. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 02/DEC/2022 NIFTY IS DOWN BY -116 POINTS Name Price Previous Day Change % Change Nifty 18696 18813 -116.40 -0.62% India VIX 13.45 13.36 0.09 0.67% OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 8855950, CE LTP: 20.95) Max OI (Puts) 18700 (Open Interest: 4353550, PE LTP: 88.6) PCR 0.7 (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:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
Not In The Clear Just Yet... 🚨👀Taking a look at possibly the 3 most important charts for any trader; VIX, SPX, and USD 🔮 With a massive rebound in equities, crypto, risk assets, we're seeing much chatter that "the bottom is in". Although we've made some nice trades in this week's pump, we don't think we're in the clear just yet.🥶 You don't have to look too far either. Looking at the VIX 1W chart. We can see we are approaching a sure-fire support level with a rebound all but guaranteed if you're just looking at the chart. Line this up with the SPX 1W chart, and you'll see we're approaching significant resistance at the same time. Combine these two with a bullish trending US dollar, and you have the perfect recipe for another leg down.📉 Now we can certainly push up further. We would almost expect it. However, to say the "bottom is in" would be naive. As always, we'll continue to look for intraday setups, but mid to long term we remain bearish. Stay safe and happy trading! -TucciNomics Chief Overlord, AlgoBuddy
TVC:VIXShort
by QuantVue
S&P500 - Big Correction Incoming 📉Taking a look at the SPX Daily chart.🍿 We've drawn out 3 dip + rallies to illustrate that a 4th dip might be on the way. ⬇️ After being rejected at 4000, we can see the path down to 3300-3400 looks increasingly more likely. 📉 This combined with an expected/rumored earnings slump & lackluster Q4 for companies...🥶 We've also thrown on the US Equity Gaps indicator to help confirm this thought process. Credit card debt at record levels, thousands being laid off, basically dead real estate market...not much reason to be bullish rolling into 2023. 🐻 -TucciNomics Chief Overlord
SP:SPXShort
by QuantVue
Bank Nifty Levels & Strategy for 29/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 Once gap-down was bought instantly amid global issues which is buying indication buying euphoria. Later Bank Nifty moved up but failed to cross previous day high/lifetime high. Profit booking at higher level forced Bank Nifty to closed flat. Shorts are build up in ATM/OTM/ ITM calls & puts except long liquidation in puts which show mild bearishness. Who is making money????? As usual, option writers are really making good money. Avoid buying euphoria amid ongoing global issues, retails traders should continue wait patiently for good trade setup for identifying buying/selling opportunities. Retail traders must hedge their overnight positions. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 28/NOV/2022 BANK NIFTY IS UP BY 37 POINTS Name Price Previous Day Change % Change Bank Nifty 43020 42984 36.50 0.08% India VIX 13.57 13.33 0.23 1.74% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 5644175, CE LTP: 222.7) Max OI (Puts) 43000 (Open Interest: 4493450, PE LTP: 187.6) 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:Long Liquidation, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
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
DXY looks ready to breakoutAfter the negative CPI numbers for US dollar index, investors and retail have turned officially bullish on equities after inflation peaked, DXY dropped vertically and gave gains to stock market closing the week green. Now, price looks over sold and the formed pattern is very bullish ( ascending triangle), a breakout will drive price to 109.6 as a first target. This DXY analysis will help us avoid some wrong buy/sell signals unless we see a clear move to the up/down side.
TVC:DXYLong
by dogofwallstreets
4
Balkrishna Industries Levels & Strategy for near futureDear 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. Balkrishna Industries has posted weak results. Also announced a dividend of Rs 4.0 per share on 07/Nov/2022 with record date of 22/Nov/2022. Company sales rose 28.2% (QOQ) BUT NET PROFIT DECLINED BY 2.2% (QOQ). Company's achievable capacity will remain at reduced level amid ongoing global issues. Balkrishna Industries has not given guidance for future due to ongoing global/European issues. Company's business growth is pretty muc dependent on global economy. Balkrishna Industries exports may get impacted in coming quarters. Retail investors should make use of recent up move to exit higher level/book the profit & stay away till ongoing global issues get sorted.
NSE:BALKRISIND
by manishmgupta
PAYTM (SHALL WE INVEST OR AVOID ?????) Dear 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. PAYTM (SHALL WE INVEST OR AVOID ?????) Please share your thoughts. I have shared my idea on chart. It's in my avoid list. Sharing my inputs in response to trader's query regarding investment in PayTM. Disclaimer: I don't have any investment/position in PAYTM STOCK.
NSE:PAYTM
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
Bank Nifty Levels & Strategy for 01/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 sustained at higher level after initial gap up & mild profit booking. Today, retailed traders were rewarded due to their overnight highly bullish stance. Retailed traders have now taken highly bearish stance for tomorrow's trade which is exactly opposite to what big players have done today. FIIs continued with heavy buying in cash as well as F&O. Is Bank Nifty heading towards it's new lifetime high????? Is Bank Nifty going to sustain at higher levels in coming days????? Please do share your thoughts. Overall, market breadth is positive and it looks like any decent dip due to FOMC meeting/RBI's meeting in first week of Nov is going to be a buying opportunity. Please find below scorecard and quick update about F&O positions, PCR & India VIX. BANK NIFTY SCORECARD DATED 31/OCT/2022 BANK NIFTY IS UP BY 317 POINTS Name Price Previous Day Change % Change Bank Nifty 41308 40991 317.05 0.77% India VIX 15.80 15.92 -0.12 -0.75% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 2743200, CE LTP: 247.6) Max OI (Puts) 41000 (Open Interest: 1977000, PE LTP: 203) PCR 0.9 (PCR is in bearish 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
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 31/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 performed as expected. Profit booking was done at higher levels. US market clsoed in green. SGX Nifty closed almost 200 points up. Bank Nifty PCR shifted to oversold zone amid several ongoing global issues (Key issues to be considered are US FED hike in Nov & RBI's corrective action). Is Bank Nifty once again getting ready to cross it's lifetime high????? Is sell on rise & buy on dips working????? However, please do review the following Bank Nifty scorecard data which will give you clear idea about long & short positions in Calls & Puts. BANK NIFTY SCORECARD DATED 28/OCT/2022 BANK NIFTY IS DOWN BY -308 POINTS Name Price Previous Day Change % Change Bank Nifty 40991 41299 -308.45 -0.75% India VIX 15.92 16.60 -0.68 -4.07% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 2660400, CE LTP: 217) Max OI (Puts) 41000 (Open Interest: 1534125, PE LTP: 400.95) PCR 0.65 (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:Long Buildup, FAR OTM:Long Buildup
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 28/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Today global cues were positive. Today Dow Jones is trading in green & Nasdaq is trading in red. Please do check global market indices tomorow morning before finalizing your trading strategy. Dollar index is coming down which is quite good for global markets. As expected once again bulls as well as bears got the opportunity with sufficient time to trade & book the profit. Specially retails traders enjoyed the profit due to up move. Big players are light and have started on a positive note for Nov series. FIIs are high bullish & added bullish positions in F&O contracts. Tomorrow, also we should continue to booking profit at higher levels and buy the strength in only monthly option (not in weekly options) therefore you get enough of opportunities to adjust your trades in coming weeks. Shall we continue do profit booking near lifetime high? Yes, we should. Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts. NIFTY SCORECARD DATED 27/OCT/2022 NIFTY IS UP BY 81 POINTS Name Price Previous Day Change % Change Nifty 17737 17656 80.60 0.46% India VIX 16.60 16.88 -0.28 -1.67% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 18400 (Open Interest: 4062000, CE LTP: 4.2) Max OI (Puts) 17700 (Open Interest: 2949950, PE LTP: 117.8) PCR 0.83 (PCR is in bearish zone) Nifty Calls: ATM: Long Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 27/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 global cues are positive. Profit booking in Bank Nifty near lifetime high is quite obvious. Big players have significantly reduced their existing long as well as short positions. Today markets are really doing well. However, retail traders need to be cautious in Bank Nifty near lifetime high. Market is quite volatile and almost daily offering nice trading opportunities to Bulls as well as Bears. Traders who working patiently and waiting for right levels, good quality trade setup are getting regularly getting rewarded. Shall we continue do profit booking near lifetime high? Yes, we should. Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts. BANK NIFTY SCORECARD DATED 25/OCT/2022 BANK NIFTY IS DOWN BY -182 POINTS Name Price Previous Day Change % Change Bank Nifty 41123 41305 -182.15 -0.44% India VIX 16.88 17.42 -0.54 -3.11% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 42000 (Open Interest: 2832775, CE LTP: 6.9) Max OI (Puts) 40000 (Open Interest: 2365750, PE LTP: 12.5) PCR 1.03 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Long Liquidation
NSE:BANKNIFTY
by manishmgupta
Bank Nifty & Levels for 25/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 global cues were positive on special occasion of Diwali 2022 Muhurat trading. Bank Nifty closed 581 points up. Bank Nifty, once again got close to lifetime high. It will be very interesting to see where Bank Nifty will cross it's lifetime high & sustain above it. Big players have taken bullish positions. We have also seen decent profit booking at higher levels. We have seen lot of actions in just one hour of Muhurat trading. Bank Nifty is looking positive. Shall we do profit booking near lifetime high? Yes, we should. Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts. BANK NIFTY SCORECARD DATED 24/OCT/2022 BANK NIFTY IS UP BY 521 POINTS Name Price Previous Day Change % Change Bank Nifty 41305 40784 520.85 1.28% India VIX 17.42 17.28 0.14 0.82% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 42000 (Open Interest: 2111875, CE LTP: 46.05) Max OI (Puts) 39000 (Open Interest: 2433375, PE LTP: 10.1) PCR 1.39 (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:Long Liquidation
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 25/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Today, global cues & India's internal cues were balanced. Nifty really performed well and profit booking brought it back to opening level. Big players have written ATM options in Nifty. Overall, it looks like, we are all set to enjoy a happy Diwali. Once again bulls as well bears were rewarded who waited patiently for the right trading setup. Today, I have also shared a sample Nifty short trade setup for retail traders reference. Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please share your thoughts. There is no need for traders to work with fixed mindset. Keep the things simple and trade one day at at time. We have Diwali holidays on Monday & Wednesday so only two more trading days left before October month expiry. Today, US markets are trading in green. We need to digest tdoay & Monday's data for Tuesday's trades. RIGHT NOW, OVERALL BIAS IS POSITIVE. LET US KEEP AN EYE ON GLOBAL CUES & DECIDE ON NEXT ACTIONS ON TUESDAY MORNING. NIFTY SCORECARD DATED 21/OCT/2022 NIFTY IS UP BY 12 POINTS Name Price Previous Day Change % Change Nifty 17576 17564 12.35 0.07% India VIX 17.28 17.23 0.05 0.28% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 9194300, CE LTP: 5.7) Max OI (Puts) 17000 (Open Interest: 6194850, PE LTP: 7.15) PCR 0.88 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM: Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
2
Nifty: Successful short trade based on good quality trade setupDear traders, I have identified chart levels, trade setup 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 An example of a successful short trade in Nifty based good quality trade setup. Technical indicators worked really well. Please do share your thoughts. Thanks
NSE:NIFTYShort
by manishmgupta