Updated

Nifty Levels & Strategy for 19/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
Bullish run continued in Nifty . F&O data clearly indicating that Nifty trend is looking positive. Today, we have noticed heavy short covering in ITM calls and long positions were added in ATM calls. FIIs continued with their buying in F&O. Today FIIs & DIIs have significantly reduced the bearish positions. US market is also trading in green. Shall we look for buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think?????

NIFTY SCORECARD DATED 18/OCT/2022
NIFTY IS UP BY 175 POINTS
Name Price Previous Day Change % Change
Nifty 17487 17312 175.15 1.01%
India VIX 17.45 18.42 -0.97 -5.24%

OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 17500 (Open Interest: 8105000, CE LTP: 84)
Max OI (Puts) 17000 (Open Interest: 8038550, PE LTP: 6.4)
PCR 1.13 (PCR is in buying Zone)
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation

Note

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 18/Oct/2022

FIIs: Mild Bearish in Cash & Bullish in F&O
FIIs have SOLD in cash market for -153 Crores and BOUGHT in derivatives market for 1565 Crores. FIIs have heavily bullish positions in stock futures (9444) & index call (19290) options. Reduced bearish positions in index future and index put options. Added mild bearish positions in stock call & stock put options.

FIIs Outstanding Open Interest in Index options as of today:
NET INDEX CALL CONTRACTS:2.06L, INDEX CALL LONG:5L, INDEX CALL SHORT:2.94L
NET INDEX PUT CONTRACTS:2.76L, INDEX PUT LONG:6.26L, INDEX PUT SHORT:3.5L

DIIs: Highly Bullish in Cash & Bearish in F&O
DIIs bought in cash market for 2085 Crores. DIIs have added bearish positions in stock future (-6247) and stock call (-4744) options. They reduced bearish positions index future contracts.

Pro Traders: Neutral
Pro traders did profit booking in bullish positions in index future, index call and reduced positions in index put, stock call & put options. They have added new bearish positions in stock futures (-19712) and hedged it using long stock call (13056) & short stock put (15470) option contracts.

Retail Traders: Highly Bearish
Retail traders did PL booking in index future, stock future & stock call options. They have added bullish positions in index call (54230) and bearish positions index put (102784) and stock put option contracts.

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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.

manishmgupta

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manishmgupta