Nifty 50 IndexUpdated Nifty Levels & Strategy for 17/Oct/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
Nifty simply followed the US market & jumped up 1.01%. Nifty consolidated throughout the day after initial gap-up & offered an excellent opportunity to option writers. Nifty corrected due to profit booking & closed above the major support level. We have very interesting data setup for tomorrow. US markets closed in red so we are likely to start with a mild gap-down. FIIs have heavily added long positions in F&O so we should expect a bounce back from lower level. Later, we can work based on good quality trade setups. This indicates bulls as well as bears will get opportunities.
Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 14/OCT/2022
NIFTY IS UP BY 171 POINTS
Name Price Previous Day Change % Change
Nifty 17186 17014 171.35 1.01%
India VIX 18.26 20.29 -2.03 -10.02%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 6346850, CE LTP: 2.6)
Max OI (Puts) 16500 (Open Interest: 3353700, PE LTP: 7)
PCR 0.67 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short 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 simply followed the US market & jumped up 1.01%. Nifty consolidated throughout the day after initial gap-up & offered an excellent opportunity to option writers. Nifty corrected due to profit booking & closed above the major support level. We have very interesting data setup for tomorrow. US markets closed in red so we are likely to start with a mild gap-down. FIIs have heavily added long positions in F&O so we should expect a bounce back from lower level. Later, we can work based on good quality trade setups. This indicates bulls as well as bears will get opportunities.
Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 14/OCT/2022
NIFTY IS UP BY 171 POINTS
Name Price Previous Day Change % Change
Nifty 17186 17014 171.35 1.01%
India VIX 18.26 20.29 -2.03 -10.02%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 6346850, CE LTP: 2.6)
Max OI (Puts) 16500 (Open Interest: 3353700, PE LTP: 7)
PCR 0.67 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short 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 14/Oct/2022FIIs: Bearish in Cash & Highly Bullish in F&O
FIIs have SOLD in cash market for -1011 Crores and BOUGHT in derivatives market for 6736 Crores. FIIs have heavily added bullish positions in index futures (23150), stock futures (37238), index call (25148) & index put options. They have added bearish positions in stock call & stock put options.
FIIs Outstanding Open Interest in Index options as of today:
NET INDEX CALL CONTRACTS:1.46L, INDEX CALL LONG:4.38L, INDEX CALL SHORT:2.92L
NET INDEX PUT CONTRACTS:3.26L, INDEX PUT LONG:5.57L, INDEX PUT SHORT:2.3L
DIIs: Highly Bullish in Cash & Bearish in F&O
DIIs bought in cash market for 1624 Crores. DIIs have added short positions in index future (-6415), stock future (-7703) and stock call (-6893) option contracts.
Pro Traders: Neutral
Pro traders have added bearish positions in index futures (-10475), stock future (-23700) & index call (-28784) options. They have added bullish positions in index put (-22892), stock call (13936) & stock put (-16135) options contracts.
Retail Traders: Highly Bearish
Retail traders have heavily added bearish positions in index future (-6260), stock future (-5835), index put (25390), stock call & stop put options. They have added bullish position in index call (3636) 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.
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.