Zerodha
Nifty Levels & Strategy for 09/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: Today Nifty defended the support levels & again started heading towards 19K level. FIIs were super bearish from last 2 days. Today, they switched the gear and became bullish in F&O after Gujarat election results. They are still net seller in cash segment in Dec. Two major events are over now RBI policy (specially commentary) & election results. Now, market will wait for US Fed policy in next week.
Buying momentum is strong. Option data is indicating mild bullish move. Retail traders should look for buy on dips opportunity, book profit near lifetime highs & simply follow the trend till Nifty continue to respect & hold the major support levels.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 08/DEC/2022
NIFTY IS UP BY 49 POINTS
Name Price Previous Day Change % Change
Nifty 18609 18561 48.85 0.26%
India VIX 13.40 14.08 -0.68 -4.83%
OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA
Max OI (Calls) 18600 (Open Interest: 6106300, CE LTP: 138)
Max OI (Puts) 18600 (Open Interest: 5680700, PE LTP: 83)
PCR 0.75 (PCR is in bearish zone)
Nifty Calls:
ATM: Short 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
Bank Nifty Levels & Strategy for 30/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 opened flat & completely ignore the global markets. Made another lifetime high followed by profit booking & close above 100 EMA. FII are buying in cash but they adding bearish positions in F&O, Pro traders are also adding bearish positions in F&O. Big players are clearly managing index at higher level. What will happen when FIIs/Pro start selling in cash????? Market may correct very sharply. Retail traders are taking things for granted. VIX is low but it may rise in no time.
Why US market corrected yesterday? Fear of another US FED hike in Dec. This time RBI may have no choice but to go ahead with hike therefore we need to be careful in coming days & work level by level. Gujrat election results may also affect market. OPEC is getting ready for another OIL production cut. OPEC want to manage crude price at higher levels. We should follow trend (buy on dips) but avoid, stay away from buying euphoria & continue to book profit at higher levels. There is no harm is ignoring the last leg of rally.
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 29/NOV/2022
BANK NIFTY IS UP BY 33 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43053 43020 33.00 0.08%
India VIX 13.62 13.57 0.05 0.37%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 3883100, CE LTP: 121.55)
Max OI (Puts) 43000 (Open Interest: 4569800, PE LTP: 130.65)
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 Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Long Liquidation
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
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.
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
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.
NIFTY
Today global cues are positive. Let us reconfirm it tomorrow morning again. Profit booking in Nifty at higher is quite obvious. Big players have significantly reduced their existing long as well as short positions in F&O contracts. Today US markets are really doing well. However, retail traders need to be cautious in Nifty near major resistance levels. PLEASE NOTE THAT VOLATILITY IS LIKE TO GROW IN COMING WEEKS DUE TO ANOTHER US FED HIKE IN FIRST WEEK OF NOVEMBER. KEEP USING POSITIONS HEDGED & DON"T GET CARRIED AWAY.
Our trading decision should be logical & based on data. 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.
NIFTY SCORECARD DATED 25/OCT/2022
NIFTY IS DOWN BY -74 POINTS
Name Price Previous Day Change % Change
Nifty 17656 17731 -74.40 -0.42%
India VIX 16.88 17.42 -0.54 -3.11%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 11297000, CE LTP: 2.1)
Max OI (Puts) 17500 (Open Interest: 6724600, PE LTP: 20)
PCR 0.78 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Covering, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Long Liquidation
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.
NIFTY
Today, Bank Nifty closed in red based on heavy selling by FIIs & Big Players. Tomorrow's 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.
Nifty is trading in bearish zone. Infosys positive results (beats the market expectation) may also lift Nifty as well as IT stocks. 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?????
NIFTY SCORECARD DATED 13/OCT/2022
NIFTY IS DOWN BY -109 POINTS
Name Price Previous Day Change % Change
Nifty 17014 17124 -109.25 -0.64%
India VIX 20.29 20.18 0.12 0.57%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 17000 (Open Interest: 4034400, CE LTP: 203.4)
Max OI (Puts) 17000 (Open Interest: 4464900, PE LTP: 179.65)
PCR 0.82 (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:Long Buildup, FAR OTM:Long Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
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.
NIFTY
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. Trader who traded patiently and waited for right trade setup then working level by level based on technical indicators were profitable today. (e.g. Breakdown trade below VWAP in 12:15pm candle worked really well).
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?????
NIFTY SCORECARD DATED 11/OCT/2022
NIFTY IS DOWN BY -257 POINTS
Name Price Previous Day Change % Change
Nifty 16984 17241 -257.45 -1.49%
India VIX 20.49 19.62 0.87 4.42%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 17200 (Open Interest: 8991500, CE LTP: 35.5)
Max OI (Puts) 16000 (Open Interest: 5110100, PE LTP: 1.05)
PCR 0.52 (PCR is in highly oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Covering, OTM:Long Buildup, 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!
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!
Bank 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.
BANK NIFTY
Bank Nifty continued with it's excellent performance but profit booking brought Bank Nifty back to gap-up opening level. Initially bulls got good chance to earn, later option writers took over and finally profit booking gave chance to bears as well. We need to trade cautiously at higher levels as US dollar index started heating up again. Traders are able to make money who really have good technical knowledge even after taking couple of stop losses. PLEASE REVIEW MY LAST ONE MONTHS CHARTS THEN YOU WILL REALISE THAT BANK NIFTY AS WELL AS NIFTY IS RESPECTING LEVELS REALLY WELL. LEARNING: WORK LEVEL BY LEVEL WITH STRICT SL (STOPLOSS) AND MAXIMISE PROFIT USING TRAILING SL.
BANK NIFTY SCORECARD DATED 06/OCT/2022
BANK NIFTY IS UP BY 173 POINTS
Name Price Previous Day Change % Change
Bank Nifty 39283 39110 172.80 0.44%
India VIX 19.32 19.57 -0.25 -1.30%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 40000 (Open Interest: 1448900, CE LTP: 207)
Max OI (Puts) 38500 (Open Interest: 1195050, PE LTP: 180.45)
PCR 0.87 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short 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
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!
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!
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!
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!
Nifty Levels & 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.
NIFTY
Today's gap-up was sold in no time and once again, Nifty closed in red & below 50 DMA. Nifty is still trading above 100 DMA level. 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.
NIFTY SCORECARD DATED 29/SEP/2022
NIFTY IS DOWN BY -41 POINTS
Name Price Previous Day Change % Change
Nifty 16818 16859 -40.50 -0.24%
India VIX 21.30 22.10 -0.79 -3.59%
OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA
Max OI (Calls) 17000 (Open Interest: 3914500)
Max OI (Puts) 15000 (Open Interest: 2845650)
PCR 0.77 (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 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!
Bank Nifty Levels & Strategy for 29/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Bank Nifty closed in red and below 50 DMA but still trading above 100 & 200 DMA levels. Bank Nifty is highly oversold and looking weak ahead of RBI policy/rate hike on 30/Sep/2022. RBI rate hike upto 0.5% and majority of the global factors is already priced in. Today, US market is trading in green. Let us expect a good recovery in next few days from 2 year's low levels. Traders should wait for a pullback and short/take bearish positions at higher levels with strict SL only otherwise they may easily get stuck into beartrap.
BANK NIFTY SCORECARD DATED 28/SEP/2022
BANK NIFTY IS DOWN BY -599 POINTS
Name Price Previous Day Change % Change
Bank Nifty 37760 38359 -599.30 -1.56%
India VIX 22.10 21.57 0.53 2.45%
OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA
Max OI (Calls) 40000 (Open Interest: 3678900)
Max OI (Puts) 36000 (Open Interest: 2111375)
PCR 0.51 (PCR is in highly oversold zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Long Buildup, OTM:Short covering, ITM:Short covering, FAR OTM:Long Buildup
Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think?
1. Only at higher level after decent pull back from lower levels
2. near major resistance levels
3. near high OI in CE strikes with strict stoploss?
Shall we look for buy on dips opportunity ????? Yes, I think so. What are your views?
1. near major support levels
2. near high OI in PE strikes with strict SL?
However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change.
1. Global cues based on EOD data
2. FIIs/DIIs/Big player cash & F&O data analysis
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
Bank Nifty Levels & Strategy for 27/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 also Bank Nifty continued with it's correction. Overall correction in last one week is really significant. US market has also corrected significantly. Bank Nifty as well Global markets are highly oversold. FIIs have sold heavily in cash & added bullish positions in F&O. Shall we expect a bounce/relief rally in next few days?
BANK NIFTY SCORECARD DATED 26/SEP/2022
BANK NIFTY IS DOWN BY -930 POINTS
Name Price Previous Day Change % Change
Bank Nifty 38616 39546 -930.00 -2.35%
India VIX 21.89 20.59 1.30 6.31%
OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA
Max OI (Calls) 41000 (Open Interest: 4596825)
Max OI (Puts) 37000 (Open Interest: 1987625)
PCR 0.55 (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:Short covering
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!
Nifty Levels & Strategy for 21/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 is up again by 194 points. PCR is up from 0.70 ( bearish zone) to 0.99 (sideways zone). It looks like Indian market has digested US FED hike up to 0.75%. If IT sector supports, then Nifty may not only cross 18K level but also make a move towards lifetime high in next few days. Tomorrow, Nifty is likely to trade sideways. What are your views? Please do share.
Highest open interest on call side at 18000 (Remained at same level)
Highest open interest on put side at 17000 (Shifted down from 17500 to 17000)
BANK NIFTY
Bank Nifty is up by 564 points. Superb performance by Bank Nifty amid so many global issues. PCR is shifted up from 0.78 ( bearish zone) to 1.07 (mild bullish zone). Frankly, it’s strange to see bank nifty is once again close to lifetime high amid global issues (Strong USD, weaker Indian Rupee) as Indian issues like current account deficit is growing. If US market recovers in coming days then I will not be surprised to see Bank Nifty again not only making new lifetime high but also sustain at higher levels.
Highest open interest on call side at 41500 (Shifted up from 41500 to 42000)
Highest open interest on put side at 40000 (Shifted up from 38500 to 40000)
Shall we continue to look for sell on rise opportunities/profit booking till US Fed meeting ?????
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 based on strength in Indian market? Yes, I think so. What are your views?
1. near major support levels
2. near high OI in PE strikes with strict SL?
Overall, is Indian market likely to remain sideways till outcome of US FED meeting????? I think so. What do you think?
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!
Bank Nifty Levels & Strategy for 21/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Bank Nifty is up by 564 points. Superb performance by Bank Nifty amid so many global issues. PCR is shifted up from 0.78 (bearish zone) to 1.07 (mild bullish zone). Frankly, it’s strange to see bank nifty is once again close to lifetime high amid global issues (Strong USD, weaker Indian Rupee) as Indian issues like current account deficit is growing. If US market recovers in coming days then I will not be surprised to see Bank Nifty again not only making new lifetime high but also sustain at higher levels.
Highest open interest on call side at 41500 (Shifted up from 41500 to 42000)
Highest open interest on put side at 40000 (Shifted up from 38500 to 40000)
NIFTY
Nifty is up again by 194 points. PCR is up from 0.70 (bearish zone) to 0.99 (sideways zone). It looks like Indian market has digested US FED hike up to 0.75%. If IT sector supports, then Nifty may not only cross 18K level but also make a move towards lifetime high in next few days. Tomorrow, Nifty is likely to trade sideways. What are your views? Please do share.
Highest open interest on call side at 18000 (Remained at same level)
Highest open interest on put side at 17000 (Shifted down from 17500 to 17000)
Shall we continue to look for sell on rise opportunities/profit booking till US Fed meeting ?????
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 based on strength in Indian market? Yes, I think so. What are your views?
1. near major support levels
2. near high OI in PE strikes with strict SL?
Overall, is Indian market likely to remain sideways till outcome of US FED meeting????? I think so. What do you think?
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!
Bank Nifty is consolidating & getting ready for next actionDear 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.
Is Bank Nifty consolidating in narrow range & getting ready for breakout or breakdown ?????
Bank Nifty has taken multiple support at VWAP after breakout. Why VWAP indicator is so import? Is it indicating strength?????
What do you think? Please share your views.
Nifty Levels & Strategy for 20/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 is up by 91 points. Today, Nifty has performed as expected. Nifty was already oversold on Friday and morning dip was bought instantly and closed in green. PCR is up from 0.49 (oversold zone) to 0.7 (bearish zone). Market sentiment is bearish ahead of US Fed meeting.
Highest open interest on call side at 18000 (Shifted down from 19000 to 18000)
Highest open interest on put side at 15000 (Shifted up from 17000 to 17500)
BANK NIFTY
Bank Nifty is up by 128 points. PCR is shifted up from 0.69 (highly bearish zone) to 0.78 (bearish zone). US markets closed in red and even today trading in red. US Dollar, US 10Y Bond Yield is further getting stronger. Indian Rupee & other global currencies are getting weaker which is certainly not a good sign for emerging economies like India.
Highest open interest on call side at 41500 (Shifted up from 41500 to 42000)
Highest open interest on put side at 40000 (Shifted up from 38500 to 40000)
Shall we continue to look for sell on rise opportunities till US Fed meeting ?????
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
1. near major support levels
2. near high OI in PE strikes with strict SL?
Is Bank Nifty likely to remain sideways till outcome of US FED meeting????? I think so.
What do you think? Please do share your comments. Let us work & win together.
Please do check & review following prior to finalize your strategy/work plan for next trading session
1. Global cues based on EOD data
2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow
Have a very happy, healthy & profitable day ahead!
Bank Nifty Levels & Strategy for 20/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Bank Nifty is up by 128 points. PCR is shifted up from 0.69 (highly bearish zone) to 0.78 ( bearish zone). US markets closed in red and even today trading in red. US Dollar , US 10Y Bond Yield is further getting stronger. Indian Rupee & other global currencies are getting weaker which is certainly not a good sign for emerging economies like India.
Highest open interest on call side at 41500 (Shifted up from 41500 to 42000)
Highest open interest on put side at 40000 (Shifted up from 38500 to 40000)
NIFTY
Nifty is up by 91 points. Today, Nifty has performed as expected. Nifty was already oversold on Friday and morning dip was bought instantly and closed in green. PCR is up from 0.49 (oversold zone) to 0.7 ( bearish zone). Market sentiment is bearish ahead of US Fed meeting.
Highest open interest on call side at 18000 (Shifted down from 19000 to 18000)
Highest open interest on put side at 15000 (Shifted up from 17000 to 17500)
Shall we continue to look for sell on rise opportunities till US Fed meeting ?????
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
1. near major support levels
2. near high OI in PE strikes with strict SL?
Is Bank Nifty likely to remain sideways till outcome of US FED meeting????? I think so.
What do you think? Please do share your comments. Let us work & win together.
Please do check & review following prior to finalize your strategy/work plan for next trading session
1. Global cues based on EOD data
2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow
Have a very happy, healthy & profitable day ahead!
Nifty Levels & Strategy for 19/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 is down by -346.55 points. Today, Nifty has broken down & closed below major support levels. PCR is down from 0.72 ( bearish zone) to 0.49 (oversold zone). Today, selling on rise strategy coupled with F&O data worked well as expected. Market sentiment has turned bearish , but it will be better to wait for good trade setup because Nifty is right now in oversold zone otherwise traders may get trapped.
Highest open interest on call side at 19000 (Shifted up from 18700 to 19000)
Highest open interest on put side at 17000 (Shifted up from 16500 to 17000)
BANK NIFTY
Bank Nifty is down by -432.4 points. Bank Nifty performed as expected based on global cues and strong selling by FIIs. Bear made good money today. PCR is shifted down from 0.87 ( bearish zone) to 0.69 (highly bearish zone). US markets are trading at 2 months low and trading today as well in red. US Dollar is getting stronger and Indian Rupee is getting weaker. RBI will have no choice but to go ahead for a rate hike in India to control inflation & Dollar-Rupee equation.
Highest open interest on call side at 41500 (Remained at same level)
Highest open interest on put side at 38500 (Remained at same level)
Shall retail traders should utilize gap-down on Monday for profit booking & wait for right opportunity? What’s your idea for next trading session?
Shall we again start looking for sell on rise opportunities ?????
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
1. near major support levels
2. near high OI in PE strikes with strict SL?
What do you think? Please do share your comments. Let us work & win together.
Please do check & review following prior to finalize your strategy/work plan for next trading session
1. Global cues based on EOD data
2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow
Have a very happy, healthy & profitable day ahead!
