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Nifty Levels & Strategy for 18/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty is trying hard to hit new lifttime high. Big players are managing index at higher levels and profit booking is going on in stocks & also at higher levels in indices. Big players have turned neutral and option writers are making good money. Option buyers should stay away and get into trade only when volatility rises and market picks-up the momentum. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 18/NOV/2022 NIFTY IS DOWN BY -66 POINTS Name Price Previous Day Change % Change Nifty 18344 18410 -65.75 -0.36% India VIX 14.88 15.10 -0.22 -1.47% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9994000, CE LTP: 3.5) Max OI (Puts) 18000 (Open Interest: 5235650, PE LTP: 30.1) PCR 0.89 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
TCOM Hedged Options TradeAt the midpoint of travel, China, and the internet is Shanghai-based TCOM -- owner and operator of Trip. com, Skyscanner, Qunar, TrainPal, MakeMyTrip and other websites for hotel reservations, transportation tickets, corporate travel, and other travel services internationally. Other areas of business are insurance products, tours and packages, travel data collection and analysis for companies, travel reporting, online advertising and financing services. As China re-opens after COVID, Beijing attempts warmer relations with Washington, and revenge travel buoys both short- and long- term outlooks for the industry, the weekly chart for TCOM shows mainly bullish with a bit of indecision. A quick peek at popular sites like Yahoo Finance confirm a positive outlook, with the majority of analysts saying it's a buy, with a few "strong buys" and a few "holds." This hedged options strategy can make up to 12% (21% annualized) while allowing TCOM room to fall 35% to below $18.81 through next June before losing any money. Buy 1 $28 Call Sell 1 $32 Call Sell 2 $19 Puts All expiring 6/16/23 Capital Required: $3763
NASDAQ:TCOMLong
by oliveinvest
Nifty Levels & Strategy for 17/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty was all set for gap-up however Poland missile attack issue gave opportunity to bulls to add new long positions at opening as well as in 2nd half. Profit booking is happening at higher level. Overall trend is bullish and now risk:reward is getting better in Nifty compare to Bank Nifty. 18300 with max OI in put is likely to act as a big support. Trade level by level & wait for right opportunities. Over trading should be avoid. Big players have turned neutral and keeping watch on Poland issue development which is capable of swinging market in either direction. Please note that index is getting managed at higher level and profit booking is going on in stocks. STAY LIGHT & KEEP POSITIONS HEDGED. GET INTO TRADE ONLY WHEN YOU GET GOOD SETUP WITH MINIMUM RISK:REWARD 1:2 & SMALL SL. TREND IS ALWAYS YOUR FRIEND. OPTIONS WRITERS ARE REALLY MAKING GOOD MONEY WHO REALLY UNDERSTAND THE UNDERTONE OF THE MARKET. RETAIL TRADERS SHOULD TRY TO LEARN OPTION WRITING BY DOING VIRTUAL TRADES & KEEP ANALYZING THE PROFIT & LOSS FOR CLEAR & BETTER UNDERSTANDING. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 16/NOV/2022 NIFTY IS UP BY 6 POINTS Name Price Previous Day Change % Change Nifty 18410 18403 6.25 0.03% India VIX 15.10 14.64 0.47 3.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 18400 (Open Interest: 8620000, CE LTP: 52.25) Max OI (Puts) 18300 (Open Interest: 7878550, PE LTP: 20) PCR 0.95 (PCR is in sideways to mild bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Long Buildup, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
$COST Short Idea - First target 465Market has been rallying but today seemed suspect and pop in VIX implies smart money possibly hedging under the hood. Time to start looking for hedges / short opportunities , whether we get a large move down or just a pullback before going higher, IMO in the near term we see some selling. Costco is at trend line resistance and therefore I see it as a good hedge/ short candidate. Also at the top of the BB , implying as a mean reversion trade we at least see 495, with 465 being the max profit taking level for me. For the less risk adverse can trade a 525/530 call credit spread or a 525/520 put debit spread, although all out short / long put is also an option ... I'm looking at DEC opex. Cheers - Frisco
NASDAQ:COSTShort
by FriscoTrades
Bank Nifty Levels & Stratagy for 16/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is again hit new lifetime high after consolidation from past few days. Bank Nifty closed at new lifetime high. Options data & PCR is indicating price action in long direction. Bulls have added new in ATM & OTM long calls & pushed the bears for short covering in ITM calls. Bank Nifty is looking strong. However, retail traders should continue to book profit near lifetime high and stay light. Shall we continue with buy on dips with strict SL????? Yes, I think so. Please find below scorecard & options statistics. BANK NIFTY SCORECARD DATED 15/NOV/2022 BANK NIFTY IS UP BY 296 POINTS Name Price Previous Day Change % Change Bank Nifty 42373 42077 295.95 0.70% India VIX 14.64 14.91 -0.27 -1.84% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 2141575, CE LTP: 34.55) Max OI (Puts) 42000 (Open Interest: 3370300, PE LTP: 63) PCR 1.36 (PCR is in overbought zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Nifty Bank Levels & Strategy for 14/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. BANK NIFTY Today, Bank Nifty performed really well. Bank Nifty not only hit new lifetime high but also on closing basis. FIIs/Big players have turned the bullish and retail trader turned super bearish (Why ?????). Profit booking at higher level is okay. Bank Nifty was consolidating in less than 500 points range from last one week plus and today given a range breakout. Let us hope for higher levels in coming days and continue to look for buy on dips opportunities till Bank Nifty changes it's trend. Please find below Bank Nifty Scorecard & options statistics. Options data clearly indicating new long positions buildup and short covering in calls and put writing at all levels. May God save retail traders. PLEASE UNDERSTAND THAT RETAIL TRADERS ARE MOSTLY BUYING OPTIONS AND BIG PLAYERS ARE MOSTLY SELLING OPTIONS. OPTION SELLERS, ALWAYS HAVE EDGE. THEREFORE, RETAIL TRADER SHOULD NEVER CARRY NAKED CALL OR PUT OPTIONS AND ALWAYS HEDGE THEIR OVERNIGHT POSITIONS IN FUTURE AS WELL AS OPTION CONTRACTS. BANK NIFTY SCORECARD DATED 11/NOV/2022 BANK NIFTY IS UP BY 533 POINTS Name Price Previous Day Change % Change Bank Nifty 42137 41604 533.30 1.28% India VIX 14.41 15.57 -1.16 -7.47% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 44000 (Open Interest: 2467875, CE LTP: 9.15) Max OI (Puts) 42000 (Open Interest: 3060575, PE LTP: 221.55) PCR 1.15 (PCR is in buying Zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
IOT Bullish Hedged Options StrategySF-based Samsara provides a platform connecting IoT devices to its Cloud, for operations such as tracking fleets of vehicles and other equipment. (Its ticker, IOT, alludes to the "Internet of Things" -- connecting a network of objects with sensors, processing ability, software, and other technologies that exchange data over the internet or another communications network.) Samsara's Connected Operations Cloud also takes data from its IoT devices and enriches them with AI capability, analytics, alerts and data security/privacy. It also has advanced applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility. Customers include companies from a wide range of industries, including transportation, logistics, construction, utilities, energy, government, healthcare, education, manufacturing, food and beverage, supply chains in general. Major indices $SPX $SPY $QQQ continue to rise today, with midterm elections settling down (historically a boon for stocks) and hopeful inflation data. With a positive outlook and the holiday season approaching, perhaps IoT and supply chain logistics would be a good investment. The most recent wicks also show investors trying to drive the price up, especially on smaller timeframes such as 2-4 hours, bumping it up to the EMA. This strategy can make up to 20% (30% annualized) while protecting from a fall of up to 27% as of 7/21/2023. Sell 1 $7.50 put (exp 7/21/23) Sell 1 $10.00 put (exp 7/21/23) Capital Required: $1492 Win Probability: HIGH
NYSE:IOTLong
by oliveinvest
Bank Nifty Levels & Strategy for 11/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. BANK NIFTY Today, once again we have seen both types of trades in Bank Nifty. Bank Nifty open in red, touched the major support level and finally offered decent recovery from lower levels. Pressure at higher level near lifetime is quite evident. Traders should continue to book profit at higher levels and hedge their overnight positions to protect their capital. Please find below Bank Nifty scorecard for more details about short & long positions in options. BANK NIFTY SCORECARD DATED 10/NOV/2022 BANK NIFTY IS DOWN BY -179 POINTS Name Price Previous Day Change % Change Bank Nifty 41604 41783 -179.45 -0.43% India VIX 15.57 15.92 -0.35 -2.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 1097450, CE LTP: 473) Max OI (Puts) 41500 (Open Interest: 1068775, PE LTP: 292.9) PCR 0.84 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 11/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Profit booking pushed Nifty to major support levels. Bulls attempted tried hard to recover and Nifty closed above 18000 psychological level. Let us consider today's move as profit booking. We should continue to book profit in long positions near major resistance levels marked in the chart and work level by level. Option writers are really enjoying the theta decay. Good luck to option buyers (take directional trade only when market pick-up the momentum & you get a good trading setup). Please find below Nifty scorecard with long as well short option positions details. NIFTY SCORECARD DATED 10/NOV/2022 NIFTY IS DOWN BY -129 POINTS Name Price Previous Day Change % Change Nifty 18028 18157 -128.80 -0.71% India VIX 15.57 15.92 -0.35 -2.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9282300, CE LTP: 2) Max OI (Puts) 18000 (Open Interest: 6997050, PE LTP: 110) PCR 0.79 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 10/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 As expected, Bank Nifty hit the new lifetime high. We have observed good strength in Bank Nifty at higher level, however it's good to see profit booking by trader at new lifetime high. Big players are buying in cash & adding bearish positions in F&O. Call writing as well as put writing strategy at higher level & lower level is working well. Option buyers are getting trapped in both the directions. Review, call & put option data as mentioned below to get better idea. BANK NIFTY SCORECARD DATED 09/NOV/2022 BANK NIFTY IS UP BY 97 POINTS Name Price Previous Day Change % Change Bank Nifty 41783 41687 96.50 0.23% India VIX 15.92 15.59 0.33 2.12% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 42000 (Open Interest: 3007225, CE LTP: 51.05) Max OI (Puts) 41500 (Open Interest: 2591175, PE LTP: 73) PCR 1.09 (PCR is in buying Zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
DK Hedged Options StrategyDelek US Holdings, Inc. is a sprawling downstream energy company composed of three segments: Refining, Logistics, Retail. It owns 4 refineries located in TX, AK, LA as well as 3 biodiesel facilities in AK, TX, MS. Its Logistics department gathers, transports, and stores crude and refined oil/products for themselves as well as third parties on hundreds of miles of pipelines. Along with a crude oil gathering system that's ~900 miles, DK also has the capacity to store ~10 million barrels. The Retail segment has 248 convenience stores in TX and NM to sell various grades of gasoline and diesel under the DK or Alon brand, which also make a profit selling other products found at gas stations such as food, alcohol, tobacco. DK's customers include oil companies, independent refiners, distributors, utility and transportation companies, the government, and independent retail fuel operators. DK hit above the MA lines for weeks and looks like it's trending up. The recent growth seen in the energy sector could be considered in its early stages with midterm politics settling down and the market rising with expectations of gridlock. However, the SPX SPY DJIA charts do not show a clear direction, and there could be some worrisome chopping ahead. This conservative strategy can make up to 11% (25% annualized) while allowing DK room to drop 25% as of April 21, 2023 before any loss. Buy 1 $32.50 Call 4/21/23 Sell 1 $35.00 Call 4/21/23 Sell 1 $25.00 Put 4/21/23 Capital Requirement: $2500 Win probability: HIGH
NYSE:DKLong
by oliveinvest
Nifty Levels & Strategy for 09/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 opened with a gap-up. Immediately profit booking brought it down. Later, Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Nifty is slowly inching towards new lifetime high which is just a number amid global issues. Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions. NIFTY SCORECARD DATED 08/NOV/2022 NIFTY IS UP BY 86 POINTS Name Price Previous Day Change % Change Nifty 18203 18117 85.65 0.47% India VIX 15.59 15.66 -0.07 -0.45% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9641950, CE LTP: 1) Max OI (Puts) 18000 (Open Interest: 8745100, PE LTP: 19) PCR 0.84 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 07/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 performed as expected & respected the major resistance & support levels. Market volatility is offering opportunities to bulls as well as bears almost on daily basis. Today, option writers also got rewarded. Option writers always have edge and theta decay goes in favor of option writers. Today, US markets are also trading flat. We should expect a trending move in next few days till then enjoy the volatility and trade in both the directions with strict SL and maximise profit using TSL. Please note that FIIs/Big players are continuously adding bearish positions in F&O segment so retail traders should trade carefully & continue to book profit at higher level and hedge their positions/portfolio to avoid any surprises in coming days. Please find below scorecard and quick update about F&O positions, PCR & India VIX . NIFTY SCORECARD DATED 04/NOV/2022 NIFTY IS UP BY 64 POINTS Name Price Previous Day Change % Change Nifty 18117 18053 64.45 0.36% India VIX 15.66 15.94 -0.29 -1.80% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 8837300, CE LTP: 1.7) Max OI (Puts) 18000 (Open Interest: 8429700, PE LTP: 54.3) PCR 0.93 (PCR is in sideways to mild 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
4
SLCA Hedged Options StrategyUS Silica Holdings Inc had a good Q3, as one of the top companies making revenue in a supportive role in the energy sector. Specifically, they supply sand that's used in hydraulic fracturing of oil and gas wells via its extensive network and can deliver on last-mile logistics (directly to the well site). Subsidiaries like EP Minerals also makes diatomaceous earth, perlite, engineered clays and other industrial products. With an increased demand for energy across the globe, this seems like a not-too-risky investment. And cross-referencing -- Analysts have mostly rated it a Strong Buy, Buy, and Hold; Yahoo Finance predicts a bullish performance both short and long term. BUT a neutral pattern is detected (see doji-ish star with a slight push up, and commodity channel index.) With the recent Fed rate hike and uncertainty in SPX and general indices, here's my even safer bet: a hedged trading outcome. Buy 1 $12 Call Sell 1 $17 Call Sell 2 $10 Puts All expiring 1/19/24 Making up to 29% on this options-investing strategy. Betting that $SLCA does NOT fall more than 34% though 1/19/24. Capital Required: $1,943
SLong
by oliveinvest
Nifty Levels & Strategy for 04/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 offered opportunities to bears as well as bulls. US Fed meeting impact was absorbed in few mins by bulls and they have pushed it to higher levels. Today's, bullish move was quite good for retail traders. Big players were bearish and again brought Nifty down. Indian markets are nicely coupled with US market. Next move should be based on US market. Hoping, RBI may not play the spoiling sport in coming days. RBI may sell USD or increase rate to keep rupee dollar equation checked. Indian market is performing well and weakness is imported from the overseas. Retail traders should continue to book profit near lifetime high & enjoy the daily volatility. Please find below scorecard and quick update about F&O positions, PCR & India VIX . NIFTY SCORECARD DATED 03/NOV/2022 NIFTY IS DOWN BY -30 POINTS Name Price Previous Day Change % Change Nifty 18053 18083 -30.15 -0.17% India VIX 15.94 16.66 -0.72 -4.32% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 5270000, CE LTP: 1.45) Max OI (Puts) 18000 (Open Interest: 4508600, PE LTP: 108) PCR 1.03 (PCR is in sideways to mild bullish 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
NSE:NIFTY
by manishmgupta