Nifty Levels & Strategy for 09/Dec/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 defended the support levels & again started heading towards 19K level. FIIs were super bearish from last 2 days. Today, they switched the gear and became bullish in F&O after Gujarat election results. They are still net seller in cash segment in Dec. Two major events are over now RBI policy (specially commentary) & election results. Now, market will wait for US Fed policy in next week.
Buying momentum is strong. Option data is indicating mild bullish move. Retail traders should look for buy on dips opportunity, book profit near lifetime highs & simply follow the trend till Nifty continue to respect & hold the major support levels.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 08/DEC/2022
NIFTY IS UP BY 49 POINTS
Name Price Previous Day Change % Change
Nifty 18609 18561 48.85 0.26%
India VIX 13.40 14.08 -0.68 -4.83%
OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA
Max OI (Calls) 18600 (Open Interest: 6106300, CE LTP: 138)
Max OI (Puts) 18600 (Open Interest: 5680700, PE LTP: 83)
PCR 0.75 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty: Today Nifty defended the support levels & again started heading towards 19K level. FIIs were super bearish from last 2 days. Today, they switched the gear and became bullish in F&O after Gujarat election results. They are still net seller in cash segment in Dec. Two major events are over now RBI policy (specially commentary) & election results. Now, market will wait for US Fed policy in next week.
Buying momentum is strong. Option data is indicating mild bullish move. Retail traders should look for buy on dips opportunity, book profit near lifetime highs & simply follow the trend till Nifty continue to respect & hold the major support levels.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 08/DEC/2022
NIFTY IS UP BY 49 POINTS
Name Price Previous Day Change % Change
Nifty 18609 18561 48.85 0.26%
India VIX 13.40 14.08 -0.68 -4.83%
OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA
Max OI (Calls) 18600 (Open Interest: 6106300, CE LTP: 138)
Max OI (Puts) 18600 (Open Interest: 5680700, PE LTP: 83)
PCR 0.75 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Note
FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 08/Dec/2022FIIs: Bearish in Cash & Bullish in F&O
FIIs have SOLD in cash market for -1132 Crores and BOUGHT in derivatives market for 11826 Crores. FIIs changed the gear overnight & turned bullish in F&O.
FIIs have added new bullish positions in index future, stock call & stock put options. Added few bearish contracts in stock future. They did PnL booking in long & short contracts of index call & index put options, only short contracts in index future & long contracts in stock future.
FII CHANGE OI IN INDEX CALL/PUT:
INDEX CALL CHANGE OI:0.73L, INDEX CALL LONG:-1.84L, INDEX CALL SHORT:-2.57L
INDEX PUT CHANGE OI:-0.75L, INDEX PUT LONG:-1.4L, INDEX PUT SHORT:-0.65L
FII NET OUTSTANDING OI IN INDEX CALL/PUT:
INDEX CALL NET OUTSTANDING OI:1.99L, INDEX CALL LONG:4.38L, INDEX CALL SHORT:2.39L
INDEX PUT NET OUTSTANDING OI:1.91L, INDEX PUT LONG:4.74L, INDEX PUT SHORT:2.83L
DIIs: Bullish in Cash & Bearish in F&O
DIIs BOUGHT in cash market for 772 Crores. DIIs have added new bearish positions in index future, index put, stock future & stock call options. They have reduced only bullish/long contracts in index future.
Pro Traders: Neutral
Pro traders have added new bearish positions in index future & stock future contracts and bullish positions in stock call & stock put (PE writing) options. They did PnL booking in long & short contracts of stock call & stock put options.
Retail Traders: Bullish
Retail traders have added new bearish positions in stock call & stock put options and bullish positions in index future & stock future. They did PnL booking in long & short contracts of index call & index put options.
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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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