Whipsaw Must Happen.Nifty has entered the supply zones Cluster, it cannot go further no matter what ranges of Dow futures or FTSE openings try to escalate it. CE at this moment would be a disaster. Trendline breakdown would give you a better way out and short the 17200 strike price till it reaches at the end of Wednesday's closing.
Niftyfutures
Setup review and trading plan for 21st February 2023Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
World's best index-NIFTYNo doubt, When Nations struggling with all sorts of crisis, our INDIAN-NIFTY roaring to leap.
The only source of investment .
Chart clearly explains that no more significant downside, as the 4th wave retraced closer to 18200.
coming weeks are just to accumulate valuable stocks, Hence until Feb'23 17800 will be a good support level.
the final wave of 5 has 5 components with zigzag moves, trade carefully ,with low targets, quick profiting
new buying will emerge from March'23 after 5th of 5th wave.
happy trading!!
Trading plan for 14th FebruaryNifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Nifty Levels & Strategy for 07/Dec/2022Dear 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: Options data indicating mild bearishness ahead of RBI policy. Smart money/big players have added plenty of new bearish positions. USA market are already nervous ahead of another rate in next week. Tomorrow, we can expect a sideway move ahead of RBI policy. Post RBI policy market direction will be dependent on rate hike & commentary by RBI regarding inflation & growth outlook.
Red Flags to keep in mind for coming days:
1.RBI meeting is going on. Reserve Bank of India (RBI) is likely to go ahead with another rate hike approx. 0.35% on Dec-07
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll results looking good for market
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 06/DEC/2022
NIFTY IS DOWN BY -58 POINTS
Name Price Previous Day Change % Change
Nifty 18643 18701 -58.30 -0.31%
India VIX 14.04 13.73 0.31 2.26%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 10207000, CE LTP: 6.5)
Max OI (Puts) 18600 (Open Interest: 7505150, PE LTP: 39.4)
PCR 0.71 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Levels & Strategy for 01/Dec/2022Dear 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 is overbought so avoid wait for a dip & continue to follow uptrend. Overbought does not mean you should sell but consider all time high levels as good level for profit booking. Today, US market is trading in red & SGX Nifty is trading in red & 100+ points down. Tomorrow morning, gap-down should be a buying opportunity with strict SL. Put premium are very low so we should avoid PE writing. Get into short trade only when support levels are broken convincingly.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 30/NOV/2022
NIFTY IS UP BY 140 POINTS
Name Price Previous Day Change % Change
Nifty 18758 18618 140.30 0.75%
India VIX 13.81 13.62 0.19 1.41%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 8442250, CE LTP: 2.35)
Max OI (Puts) 18600 (Open Interest: 10727400, PE LTP: 9.2)
PCR 1.63 (PCR is in overbought 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:Long Liquidation
Nifty Levels & Strategy for 25/Nov/2022Dear 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 continued it's journey in forward direction & now looking all set for making new lifetime high. Nifty started action with gap-up , mild profit booking, breakout above open price, consolidation through out the day & finally break-out above 18400. Bulls have clearly dominated the show. Volatility is quite low. US Dollar Index has corrected significantly. Brent crude is trading around $85 which is quite good for India. All factors are positive. We have seen significantly rally from lower levels. Is it really a bear market rally?????
New longs in ATM/OTM/ITM calls & Put writing in all types is clearly indicating strength towards long side. Today option buyers who waited patiently for breakout or breakdown opportunity were rewarded. Retail traders need wait patiently for good quality setup & simply replicate profit making trades again & again. Retail traders should continue to trade with caution near new lifetime high, buy on dips with hedge & book limited profit at higher level or loss at lower level. Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 24/NOV/2022
NIFTY IS UP BY 217 POINTS
Name Price Previous Day Change % Change
Nifty 18484 18267 216.85 1.19%
India VIX 13.48 14.04 -0.56 -4.02%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 18300 (Open Interest: 3969050, CE LTP: 272)
Max OI (Puts) 18300 (Open Interest: 6962750, PE LTP: 32.75)
PCR 1.28 (PCR is in buying Zone)
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Kel Levels and Zones For Intraday [25th Nov 2022]Nifty today runs a lot. What an expiry!
For tomorrow, Nifty may pause and take support near 18440, and 18400. Buy on dips strategy must be adopted as the short-term trend is bullish.
Strong support is at around 18330 labels.
A break of 18300 will signify a trend reversal. So, Nifty will remain bullish above 18300.
The view is entirely for scalping or intraday trading only.
Nifty Levels & Strategy for 17/Nov/2022Dear 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 was all set for gap-up however Poland missile attack issue gave opportunity to bulls to add new long positions at opening as well as in 2nd half. Profit booking is happening at higher level. Overall trend is bullish and now risk:reward is getting better in Nifty compare to Bank Nifty. 18300 with max OI in put is likely to act as a big support. Trade level by level & wait for right opportunities. Over trading should be avoid.
Big players have turned neutral and keeping watch on Poland issue development which is capable of swinging market in either direction. Please note that index is getting managed at higher level and profit booking is going on in stocks. STAY LIGHT & KEEP POSITIONS HEDGED. GET INTO TRADE ONLY WHEN YOU GET GOOD SETUP WITH MINIMUM RISK:REWARD 1:2 & SMALL SL. TREND IS ALWAYS YOUR FRIEND.
OPTIONS WRITERS ARE REALLY MAKING GOOD MONEY WHO REALLY UNDERSTAND THE UNDERTONE OF THE MARKET. RETAIL TRADERS SHOULD TRY TO LEARN OPTION WRITING BY DOING VIRTUAL TRADES & KEEP ANALYZING THE PROFIT & LOSS FOR CLEAR & BETTER UNDERSTANDING.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 16/NOV/2022
NIFTY IS UP BY 6 POINTS
Name Price Previous Day Change % Change
Nifty 18410 18403 6.25 0.03%
India VIX 15.10 14.64 0.47 3.18%
OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA
Max OI (Calls) 18400 (Open Interest: 8620000, CE LTP: 52.25)
Max OI (Puts) 18300 (Open Interest: 7878550, PE LTP: 20)
PCR 0.95 (PCR is in sideways to mild bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Long Buildup, FAR OTM:Long Liquidation
Nifty Levels & Strategy for 25/Oct/2022Dear 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, global cues & India's internal cues were balanced. Nifty really performed well and profit booking brought it back to opening level. Big players have written ATM options in Nifty. Overall, it looks like, we are all set to enjoy a happy Diwali. Once again bulls as well bears were rewarded who waited patiently for the right trading setup. Today, I have also shared a sample Nifty short trade setup for retail traders reference.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please share your thoughts. There is no need for traders to work with fixed mindset. Keep the things simple and trade one day at at time. We have Diwali holidays on Monday & Wednesday so only two more trading days left before October month expiry. Today, US markets are trading in green. We need to digest tdoay & Monday's data for Tuesday's trades. RIGHT NOW, OVERALL BIAS IS POSITIVE. LET US KEEP AN EYE ON GLOBAL CUES & DECIDE ON NEXT ACTIONS ON TUESDAY MORNING.
NIFTY SCORECARD DATED 21/OCT/2022
NIFTY IS UP BY 12 POINTS
Name Price Previous Day Change % Change
Nifty 17576 17564 12.35 0.07%
India VIX 17.28 17.23 0.05 0.28%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 9194300, CE LTP: 5.7)
Max OI (Puts) 17000 (Open Interest: 6194850, PE LTP: 7.15)
PCR 0.88 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Levels & Strategy for 20/Oct/2022Dear 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 started on an excellent note. Later, profit booking brought it down and finally Nifty closed flat & only 25 points up. FIIs who were buying from last few days has suddenly turned bearish as retail traders started showing buying interest. Both are working mostly in opposite directions. Big players have access to retail traders data and they are positioning accordingly therefore majority of the retail trader should work very carefully and focus more on learning. Today, US market has trading in red. Retail traders should wait for good quality opportunities.
NIFTY SCORECARD DATED 19/OCT/2022
NIFTY IS UP BY 25 POINTS
Name Price Previous Day Change % Change
Nifty 17512 17487 25.30 0.14%
India VIX 17.49 17.45 0.03 0.20%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 17600 (Open Interest: 8788800, CE LTP: 28)
Max OI (Puts) 17000 (Open Interest: 8095750, PE LTP: 1.9)
PCR 1.01 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Liquidation, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Long Liquidation
Tomorrow's expiry is likely to be volatile. Bulls as well as Bears are likely to get decent profit making opportunities. What should we do? Shall we buy on dips & sell on rise with strict SL in case we get good tradesetup. Yes, I think so. What are your thoughts?
Nifty Levels & Strategy for 19/Oct/2022Dear 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
Nifty Levels & Strategy for 12/Oct/2022Dear 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 continued to slide down. Today, again traders got buy on dips & sell on rise opportunities. Today also FIIs continued with their heavy selling in cash as well as F&O segments. Trader who traded patiently and waited for right trade setup then working level by level based on technical indicators were profitable today. (e.g. Breakdown trade below VWAP in 12:15pm candle worked really well).
Today US markets are trading in green. Let us hope for a pull back from lower levels. If FIIs/Big players do profit booking at lower levels then Indian indices will jump up in no time & bears may get trapped easily. Retail traders should trade only in monthly options with strict SL.
Shall we continue with sell on rise near resistance levels and buy on dips near major support levels????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 11/OCT/2022
NIFTY IS DOWN BY -257 POINTS
Name Price Previous Day Change % Change
Nifty 16984 17241 -257.45 -1.49%
India VIX 20.49 19.62 0.87 4.42%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 17200 (Open Interest: 8991500, CE LTP: 35.5)
Max OI (Puts) 16000 (Open Interest: 5110100, PE LTP: 1.05)
PCR 0.52 (PCR is in highly oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Covering, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Covering
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!