Nifty Levels & Strategy for 13/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, Nifty traded perfectly within previously identified range (please refer yesterday's chart & strategy). FIIs have flipped the their side from selling to buying and retail flipped from bullish to bearish . We need to trade patiently and wait for right trade setup then working level by level based on technical indicator is likely to remain profitable (e.g. buying near previous day's low and profit booking near major resistance level).
FIIs/Big players did exactly opposite to what retail traders did. Today, bears got trapped heavily. Retail traders should trade only in monthly options with strict SL else continue to donate your hard earned money to FIIs/Big players.
Tomorrow's expiry is likely to remain volatile. Bulls, bears & options writers are likely to get chance to make decent money who will work patiently. Shall we continue with sell on rise near resistance levels and buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 12/OCT/2022
NIFTY IS UP BY 140 POINTS
Name Price Previous Day Change % Change
Nifty 17124 16984 140.05 0.82%
India VIX 20.18 20.49 -0.32 -1.54%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 17500 (Open Interest: 10661300, CE LTP: 1.8)
Max OI (Puts) 17000 (Open Interest: 8789700, PE LTP: 35.25)
PCR 0.79 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NIFTY
Today, Nifty traded perfectly within previously identified range (please refer yesterday's chart & strategy). FIIs have flipped the their side from selling to buying and retail flipped from bullish to bearish . We need to trade patiently and wait for right trade setup then working level by level based on technical indicator is likely to remain profitable (e.g. buying near previous day's low and profit booking near major resistance level).
FIIs/Big players did exactly opposite to what retail traders did. Today, bears got trapped heavily. Retail traders should trade only in monthly options with strict SL else continue to donate your hard earned money to FIIs/Big players.
Tomorrow's expiry is likely to remain volatile. Bulls, bears & options writers are likely to get chance to make decent money who will work patiently. Shall we continue with sell on rise near resistance levels and buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 12/OCT/2022
NIFTY IS UP BY 140 POINTS
Name Price Previous Day Change % Change
Nifty 17124 16984 140.05 0.82%
India VIX 20.18 20.49 -0.32 -1.54%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 17500 (Open Interest: 10661300, CE LTP: 1.8)
Max OI (Puts) 17000 (Open Interest: 8789700, PE LTP: 35.25)
PCR 0.79 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, 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 12/Oct/2022FIIs: Bearish in Cash & Highly Bullish in F&O
FIIs have SOLD in cash market for -542 Crores and BOUGHT in derivatives market for 4633 Crores. As expected, FIIs flipped the side from highly bearish to highly bullish side within a day.
FIIs did profit booking and added bullish positions all types of F&O contracts. FIIs have heavily added bullish positions in index futures (12626), stock futures (36388), index call, index put (-17720), stock call & stock put option contracts.
FIIs Outstanding Open Interest in Index options as of today
NET INDEX CALL CONTRACTS:1.37L, INDEX CALL LONG:4.88L, INDEX CALL SHORT:3.51L
NET INDEX PUT CONTRACTS:3.18L, INDEX PUT LONG:6.51L, INDEX PUT SHORT:3.32L
DIIs: Highly Bearish
DIIs bought in cash market for 85 Crores. DIIs have booked PL & reduced positions in index future and added fresh bearish positions in stock future (-4280) & stock call (-8807) option contracts.
Pro Traders: Bullish
Pro traders have added bearish positions in index futures (-7162) & stock future (-13413) contracts. They have heavily added bullish positions in index put (-175005), stock call (29421) and stock put (-8974) option contracts. Pro did PL booking in long as well as short index call option contracts.
Retail Traders: Highly Bearish
Retail traders have heavily added bearish positions in all types of F&O contracts (index future: -2142, index put: 192725, stock future: -18695, stock call & stock put option contracts. HNIs did PL booking in long as well as short index call 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
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