Nifty Levels & Strategy for 14/Oct/2022
Updated
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
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
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!
Note
FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 13/Oct/2022FIIs: High Bearish in Cash & F&O
FIIs have SOLD in cash market for -1636 Crores and BOUGHT in derivatives market for 8112 Crores. FIIs are frequently flipping their side from bullish to bearish & vice-versa based on retail traders positions.
FIIs have added bearish positions in index futures (-6442), stock futures (-14084) and all types of option contracts. FIIs Outstanding Open Interest in Index options as of today:
NET INDEX CALL CONTRACTS:1.21L, INDEX CALL LONG:3.94L, INDEX CALL SHORT:2.73L
NET INDEX PUT CONTRACTS:3.29L, INDEX PUT LONG:5.49L, INDEX PUT SHORT:2.2L
DIIs: Highly Bullish
DIIs bought in cash market for 753 Crores. DIIs have booked PL & reduced positions in index future & index put option contracts. They have added bullish positions in stock future (9579) & hedged using stock call (-4384) option contracts.
Pro Traders: Bearish
Pro traders have added bearish positions in index futures (-2964), index put, stock call & stock put option contracts. They have added bullish positions in stock future (5259) & index call option contracts.
Retail Traders: Highly Bullish
Retail traders have heavily added bullish positions in index future (6006), index put (-156856), stock call (36721) & stock put (-14361) option contracts. They have added bearish positions in stock future (-754) and index call (-27128) option contracts.
Please do review, analyse and share your comments as well. Many thanks for following me on twitter, liking my analysis & retweet. Let us work and win together. Wish you a very happy, healthy & profitable trading day ahead!
Disclaimer: I have analysed the data based on my limited knowledge. I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me for trading as it may lead to financial losses. Please consult your financial advisor before trading.
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