Nifty Levels & Strategy for 06/Oct/2022 Expiry
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
Amazing performance by Nifty. Retail/HNIs traders were heavily benefitted & rewarded for their long positions. FIIs booked the loss & turned highly bullish for 6th Oct expiry. Today, Retails traders have heavily added bearish positions for 6th Oct expiry. Retail/HNI traders short covering may lift Nifty to high level. Today also US market is trading in positive zone.
NIFTY SCORECARD DATED 04/OCT/2022
NIFTY IS UP BY 387 POINTS
Name Price Previous Day Change % Change
Nifty 17274 16887 386.95 2.29%
India VIX 19.57 21.37 -1.80 -8.40%
OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA
Max OI (Calls) 17500 (Open Interest: 7905950)
Max OI (Puts) 17000 (Open Interest: 7070200)
PCR 1.2 (PCR is in buying Zone)
Nifty Calls:
ATM: Short Covering, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Shall we look for buy on dips opportunity at support levels & sell on rise with strict SL at higher levels as long as Nifty trading within a range? Yes, I think so. What do you think?
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NIFTY
Amazing performance by Nifty. Retail/HNIs traders were heavily benefitted & rewarded for their long positions. FIIs booked the loss & turned highly bullish for 6th Oct expiry. Today, Retails traders have heavily added bearish positions for 6th Oct expiry. Retail/HNI traders short covering may lift Nifty to high level. Today also US market is trading in positive zone.
NIFTY SCORECARD DATED 04/OCT/2022
NIFTY IS UP BY 387 POINTS
Name Price Previous Day Change % Change
Nifty 17274 16887 386.95 2.29%
India VIX 19.57 21.37 -1.80 -8.40%
OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA
Max OI (Calls) 17500 (Open Interest: 7905950)
Max OI (Puts) 17000 (Open Interest: 7070200)
PCR 1.2 (PCR is in buying Zone)
Nifty Calls:
ATM: Short Covering, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Shall we look for buy on dips opportunity at support levels & sell on rise with strict SL at higher levels as long as Nifty trading within a range? Yes, I think so. What do you think?
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
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