Nifty Levels & Strategy for 23/Sep/2022
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, 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 if US market recovers from by EOD.
NIFTY SCORECARD DATED 22/SEP/2022
Nifty is down by -88.55 points
Name Price Previous Day Change % Change
Nifty 17630 17718 -88.55 -0.50%
India VIX 18.82 19.33 -0.51 -2.64%
Max OI (Calls) 19000 (Open Interest: 7029200)
Max OI (Puts) 16000 (Open Interest: 4912700)
PCR 0.88 (PCR is in bearish zone)
NOTES BASED ON 29/Sep/2022 EXPIRY DATA:
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
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!
NIFTY
Today, 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 if US market recovers from by EOD.
NIFTY SCORECARD DATED 22/SEP/2022
Nifty is down by -88.55 points
Name Price Previous Day Change % Change
Nifty 17630 17718 -88.55 -0.50%
India VIX 18.82 19.33 -0.51 -2.64%
Max OI (Calls) 19000 (Open Interest: 7029200)
Max OI (Puts) 16000 (Open Interest: 4912700)
PCR 0.88 (PCR is in bearish zone)
NOTES BASED ON 29/Sep/2022 EXPIRY DATA:
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
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!
Note
FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 22/Sep/2022FIIs: Bearish
FIIs have sold in cash for -2510 Crores and bought in derivatives market for 1149 Crores. FIIs have added bearish positions in index futures (-26571) and bullish positions in stock futures (14632). They did profit booking & reduced index call & index put options.
DIIs: Bearish
DIIs bought in cash market for 263 Crores. DIIs have added bearish positions in index futures (-6306), stock future (-20340) and stock call options. They did profit booking and reduced positions in index put options.
Pro Traders: Mild Bearish
Pro traders have taken bearish positions in index future (-4063), bullish positions in stock futures (2862). They did heavy profit booking & reduced the positions in index call & index put options. They took bearish positions in stock call & put option
Retail Traders: Bullish
Retail traders have heavily added bullish positions in index futures (36940) & stock futures (2846). Retail traders have significantly reduced their positions in index call & index put options. Added bullish positions in stock call & stock put option.
Please do review, analyse and share your comments as well. Many thanks for following, 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.
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.