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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. NIFTY Nifty was clearly trending after RBI's policy. Every dip was bought. This relief rally was much awaited by traders. 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 Nifty to 300 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. WORK LEVEL-BY-LEVEL WITH STRICT SL. NIFTY SCORECARD DATED 30/SEP/2022 NIFTY IS UP BY 276 POINTS Name Price Previous Day Change % Change Nifty 17094 16818 276.25 1.64% India VIX 19.97 21.30 -1.33 -6.27% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 17500 (Open Interest: 4488900) Max OI (Puts) 16700 (Open Interest: 4867300) PCR 1.16 (PCR is in buying Zone) Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, 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!
NSE:NIFTYLong
by manishmgupta
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!
NSE:BANKNIFTYLong
by manishmgupta
2
Bank Nifty Level & 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. BANK NIFTY Today's gap-up was sold in no time and once again, Bank Nifty closed in red & below 50 DMA. Bank Nifty is still trading above 100 & 200 DMA levels. Bank 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. BANK NIFTY SCORECARD DATED 29/SEP/2022 BANK NIFTY IS DOWN BY -112 POINTS Name Price Previous Day Change % Change Bank Nifty 37648 37760 -112.10 -0.30% India VIX 21.30 22.10 -0.79 -3.59% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 1529125) Max OI (Puts) 36000 (Open Interest: 1013725) PCR 0.61 (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: Short Buildup, OTM:Short Buildup, ITM:Short 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!
NSE:BANKNIFTY
by manishmgupta
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. NIFTY Nifty closed in red and below 50 DMA but defended 100 DMA level. Nifty is oversold. As expected, IT stocks started moving up from lower levels. Today also buy on dips and sell on rise strategy worked well. Is higher volatility from last 2 days indicating temporary bottoming process. 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 short/take bearish positions at higher levels with strict SL only otherwise they may get into beartrap. NIFTY SCORECARD DATED 28/SEP/2022 NIFTY IS DOWN BY -149 POINTS Name Price Previous Day Change % Change Nifty 16859 17007 -148.80 -0.87% India VIX 22.10 21.57 0.53 2.45% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 17000 (Open Interest: 9576050) Max OI (Puts) 16500 (Open Interest: 6235950) PCR 0.61 (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:Long Buildup, ITM:Short Covering, FAR OTM:Short 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!
NSE:NIFTYLong
by manishmgupta
SHOP Options StrategyCanadian e-commerce platform Shopify Inc (SHOP) offers 1.7 million online retailers in 175 countries (as of 2021) a range of services including payment, marketing, shipping and customer engagement. After online shopping boomed during the pandemic, it crashed ~80%, laid off 10% of its workers, and acquired Deliverr (product shipping) and Dovetail (influencer marketing). Shopify has also announced expansion into brick-and-mortar with its new product, the POS Go -- a device that allows retailers to provide wireless checkout anywhere in the store and analyzes sales, inventory and other data for merchants. Market cap $35B. If SHOP has hit its low and is on its way up, here's an options strategy that maintains growth potential of up to 18% (26% annualized) but also allow some downside protection as SHOP is given room to fall 47% before breaking even. Capital required: $2969.64 Hedged option legs: Buy 1 $25 call Sell 1 $30 call Sell 2 $15 puts Exp 6/16/23 Win probability: HIGH
NYSE:SHOPLong
by oliveinvest
Bank Nifty Levels & Strategy for 28/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 below 50 DMA. Bank Nifty is also in oversold category. US market has already corrected more than 20%. Has US market entered bear phase or we will seeing reversal from these levels ????? Today, US market is trading in mild green. BANK NIFTY SCORECARD DATED 27/SEP/2022 BANK NIFTY IS DOWN BY -257 POINTS Name Price Previous Day Change % Change Bank Nifty 38359 38616 -257.10 -0.67% India VIX 21.57 21.89 -0.33 -1.48% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 4419325) Max OI (Puts) 38000 (Open Interest: 2227075) 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: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short 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!
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 28/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 closed flat -9 below 50 DMA. Nifty is clearly oversold. As expected, IT stocks start showing sign of recovery from lower levels. Today, Bulls (buy on dips) as well as bears (sell on rise) got the opportunity to trade. However, volatility was quite high. Yesterday, US market closed near 2 year low and today, US markets are trading green. Shall we expect a relief rally/bounce tomorrow? NIFTY SCORECARD DATED 27/SEP/2022 NIFTY IS DOWN BY -9 POINTS Name Price Previous Day Change % Change Nifty 17007 17016 -8.90 -0.05% India VIX 21.57 21.89 -0.33 -1.48% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 8663050) Max OI (Puts) 16000 (Open Interest: 6248500) PCR 0.57 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Liquidation, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short 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!
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 28/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 closed flat -9 below 50 DMA. Nifty is clearly oversold. As expected, IT stocks start showing sign of recovery from lower levels. Today, Bulls (buy on dips) as well as bears (sell on rise) got the opportunity to trade. However, volatility was quite high. Yesterday, US market closed near 2 year low and today, US markets are trading green. Shall we expect a relief rally/bounce tomorrow? I WILL BE TRYING TO FIIs DATA ANALYSIS ONCE AVAILABLE IN ADDITIONAL COMMENTS. NIFTY SCORECARD DATED 27/SEP/2022 NIFTY IS DOWN BY -9 POINTS Name Price Previous Day Change % Change Nifty 17007 17016 -8.90 -0.05% India VIX 21.57 21.89 -0.33 -1.48% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 8663050) Max OI (Puts) 16000 (Open Interest: 6248500) PCR 0.57 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Liquidation, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short 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!
NSE:NIFTYLong
by manishmgupta
Bullish Unusual Options Activity on CCL Sep 9.50 callNYSE:CCL $325K in premium traded for $9.5 strike calls for Friday September 30th 2022 expiration traded today. Unusual Activity for $9.5 calls about 28,000 contracts traded throughout the day @ approx $0.25 per contract (Above Open interest of only 3200) Carnival Corp earnings date is 09/29/2022 Thursday Stock is at an interesting price level. If stock price moves up and IV increases could help add premium value to the call options. Risks : Short Expiration - Theta Risk. Earnings Risks. I would recommend a vertical spread to keep theta at bay especially after earnings when IV will drop reducing the price of the options if you expect to hold this past earning. Entry Above: 9.01 Target 9.36, 9.65, 9.96 SL close below 8.74 You can use the above levels to trade the stock as well with risk reward ratio of approx 3.65 (defined risk) Follow more unusual activity signup using my referral link marketaction.live Important Note: This is a short duration contract with earnings risk. Please trade responsibly. Please let me know in the comment if you find this useful.
NYSE:CCLLong
by marketaction_live
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. NIFTY Nifty continued with it's correction and closed below 50 DMA. Overall correction in last one week is really significant. US market has also corrected significantly. Nifty as well Global markets are highly oversold. If IT sector start performing then Nifty may not only defend 200 DMA but also bounce back & close above 50 DMA. FIIs have sold heavily in cash & added bullish positions in F&O. Shall we expect a bounce/relief rally in next few days? Bears should trade carefully to avoid getting into beartrap. NIFTY SCORECARD DATED 26/SEP/2022 NIFTY IS DOWN BY -311 POINTS Name Price Previous Day Change % Change Nifty 17016 17327 -311.05 -1.80% India VIX 21.89 20.59 1.30 6.31% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 10180500) Max OI (Puts) 16000 (Open Interest: 6384900) PCR 0.56 (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:Long Buildup, 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!
NSE:NIFTY
by manishmgupta
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!
NSE:BANKNIFTY
by manishmgupta
Bank nifty short for 27 septWatch bank nifty from tomo onwards According to Elliott wave theory, a b and c waves of correction has completed in lower time frames upto 3h But we can see b wave of short uptrend in bank nifty I have shown the expected targets according to b wave prior to Fibonacci retracement levels Yellow trendline is valid on 15 min,30 min,45 min,1hr, 2hr, 3hr time frames . Go long when this yellow trendline is broken Also red trendline is valid on 4hr and 1D time frame Breaking this trendline is also stronger uptrend indication. But for now till these trendlines are broken , go short with stoploss prior to the trendline shown. Have a happy and profitable trading days ahead.
NSE:BANKNIFTYShort
by DhirajGole8844
1
Nifty Levels & Strategy for 26/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 is down by 300 plus points. Nifty has corrected close to 800 points within a week which is a really significant cut. Big players are selling heavily. Nifty is trading close to it's support level. US markets are trading in red only, getting close to 52 Week low & highly oversold. Shall we expect a relief rally in next few days ????? NIFTY SCORECARD DATED 23/SEP/2022 NIFTY IS DOWN BY -302 POINTS Name Price Previous Day Change % Change Nifty 17327 17630 -302.45 -1.72% India VIX 20.59 18.82 1.78 9.45% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 9218350) Max OI (Puts) 16000 (Open Interest: 5817600) PCR 0.62 (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:Long Buildup, ITM:Short Covering, FAR OTM:Long Buildup Shall we continue to look for sell on rise opportunities/profit booking ????? 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!
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 26/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, Bank Nifty has corrected 1000 plus points which is a significant cut in a day and closed near major support level. It will be interesting to see whether Bank Nifty will hold this major support level or this support level will become major resistance level in case of gap-down on Monday. Please make a note that Bank Nifty is oversold therefore work carefully to avoid getting into beartrap. BANK NIFTY SCORECARD DATED 23/SEP/2022 BANK NIFTY IS DOWN BY -1084 POINTS Name Price Previous Day Change % Change Bank Nifty 39546 40631 -1084.35 -2.67% India VIX 20.59 18.82 1.78 9.45% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 3487450) Max OI (Puts) 38000 (Open Interest: 1864075) PCR 0.54 (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:Short covering, FAR OTM:Long Buildup Shall we continue to look for sell on rise opportunities/profit booking ????? 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!
NSE:BANKNIFTY
by manishmgupta
Nifty Gapping downToday expecting nifty to gap down arroung 90 to 100 points. Cause of concern is the lower demand zone is getting weakening as the price hitting the floor again and again if this remains continue we will soon going to see 17400 levels. Last week after getting good profit at present i have only holdings in DEMAT and no live positions. May be today or monday going to play with weekly expiry as the market permits or the conditions may be. My favourite lines which i use here is " EK TRADER KA KOI DEEN MAJHAB NHI HOTA". They just do according to market conditions.
NSE:NIFTYShort
by r7888911518
Bank Nifty Levels & Strategy for 23/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, Bank Nifty has performed as expected after US FED hike by 75 basis points and hawkish commentary. Sell on rise strategy really worked well. F&O OI data are indicating further bearishness. Today also US indices are trading in red. Let us see US market recovers from by EOD. BANK NIFTY SCORECARD DATED 22/SEP/2022 Bank Nifty is down by -572.85 points Name Price Previous Day Change % Change Bank Nifty 40631 41203 -572.85 -1.39% India VIX 18.82 19.33 -0.51 -2.64% Max OI (Calls) 41000 (Open Interest: 1768800) Max OI (Puts) 40000 (Open Interest: 1375600) PCR 0.75 (PCR is in bearish zone) NOTES BASED ON 29/Sep/2022 EXPIRY DATA: 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:Short covering, FAR OTM:Short Buildup Shall we continue to look for sell on rise opportunities/profit booking ????? 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 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? 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!
NSE:BANKNIFTYShort
by manishmgupta
2