Nifty Levels & Strategy for 10/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
Nifty closed almost flat (-17 points) in red zone. FIIs as well as DIIs have added plenty of bearish positions in F&O. US market closed in red. Dow Jones (-630), Nasdaq (-446). We are all set for the gap-down on Monday. Global cues & overall trend has turned negative. Is sell on rise going to be better strategy for Monday trades with strict SL? Yes, I think so, What do your thoughts?
NIFTY SCORECARD DATED 07/OCT/2022
NIFTY IS DOWN BY -17 POINTS
Name Price Previous Day Change % Change
Nifty 17315 17332 -17.15 -0.10%
India VIX 18.81 19.32 -0.50 -2.60%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 7713450, CE LTP: 2.45)
Max OI (Puts) 17000 (Open Interest: 4349600, PE LTP: 39.85)
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 share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NIFTY
Nifty closed almost flat (-17 points) in red zone. FIIs as well as DIIs have added plenty of bearish positions in F&O. US market closed in red. Dow Jones (-630), Nasdaq (-446). We are all set for the gap-down on Monday. Global cues & overall trend has turned negative. Is sell on rise going to be better strategy for Monday trades with strict SL? Yes, I think so, What do your thoughts?
NIFTY SCORECARD DATED 07/OCT/2022
NIFTY IS DOWN BY -17 POINTS
Name Price Previous Day Change % Change
Nifty 17315 17332 -17.15 -0.10%
India VIX 18.81 19.32 -0.50 -2.60%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 7713450, CE LTP: 2.45)
Max OI (Puts) 17000 (Open Interest: 4349600, PE LTP: 39.85)
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 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 07/Oct/2022FIIs: Highly Bearish in Cash & F&O
FIIs have sold in cash market for -2251 Crores and sold in derivatives market for -341 Crores. FIIs have heavily added bearish positions in index futures (-810), stock futures (-16527), index put and stock call option. Slightly added bullish positions in index call & stock put options (-58).
DIIs: Bullish in cash & Highly Bearish in F&O
DIIs bought in cash market for 545 Crores. DIIs have added bearish positions in index futures (-5265), stock future (-2038), index put & stock call options.
Pro Traders: Mild Bullish
Pro traders have taken bearish positions in index futures (-2996), index put (68834), stock call & stock put options. They have added bullish positions in stock future, index call (219071) option contracts.
Retail Traders: Highly Bullish
Retail traders have heavily added bullish positions in index future (9071), stock future (17268), index put (-72840), stock call (42924) & stock put (23784) options. They have added bearish positions in index call (-220077) 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.