Nifty Levels & Strategy for 05/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 weakness. FIIs are super bearish & Retail traders are super bullish. Retail traders should be trading carefully near lifetime high levels & hedge their overnight positions. Wait patiently & trade only good quality trade setup with decent R:R.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 02/DEC/2022
NIFTY IS DOWN BY -116 POINTS
Name Price Previous Day Change % Change
Nifty 18696 18813 -116.40 -0.62%
India VIX 13.45 13.36 0.09 0.67%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 8855950, CE LTP: 20.95)
Max OI (Puts) 18700 (Open Interest: 4353550, PE LTP: 88.6)
PCR 0.7 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Niftyoptions
Nifty Levels & Option Data for 02/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.
Please find below NIFTY scorecard, PCR update & options statistics for your reference:
NIFTY IS UP BY 54 POINTS
Name Price Previous Day Change % Change
Nifty 18813 18758 54.15 0.29%
India VIX 13.36 13.81 -0.45 -3.24%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 5609700, CE LTP: 49.15)
Max OI (Puts) 18800 (Open Interest: 3857750, PE LTP: 94)
PCR 1.01 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Long Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, 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 28/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 is just a step away from new lifetime high. Shorts are build up in ATM/OTM/ ITM calls as well as puts options which is indicating sideways move. Retails traders should wait patiently for range breakout/short covering in either direction. Important Note: Big players are short on index & retails traders are highly bullish. We must hedge our positions without fail to handle any surprise move. Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 25/NOV/2022
NIFTY IS UP BY 29 POINTS
Name Price Previous Day Change % Change
Nifty 18513 18484 28.65 0.16%
India VIX 13.33 13.48 -0.14 -1.08%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 7804750, CE LTP: 2.7)
Max OI (Puts) 18300 (Open Interest: 7209900, PE LTP: 23.9)
PCR 1.03 (PCR is in sideways to mild bullish 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 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 Levels & Strategy for 24/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 is continuously trying to move-up & hit new lifetime high. Big players have long positions (mainly PE writing) as well as short positions (mainly CE writing). They are ready on both the sides. Gap-up is likely to be sold & vice-versa. It looks like once again we are heading for another range bound expiry.
We should continue with profit booking/option writing at higher level as well as lower level with strict SL. Option writers are really doing exceptionally well. Option buyers need to be very careful and wait patiently for breakout or breakdown opportunities. Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 23/NOV/2022
NIFTY IS UP BY 23 POINTS
Name Price Previous Day Change % Change
Nifty 18267 18244 23.05 0.13%
India VIX 14.04 13.84 0.20 1.44%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 18300 (Open Interest: 14427300, CE LTP: 24.8)
Max OI (Puts) 18000 (Open Interest: 9500950, PE LTP: 3.1)
PCR 0.76 (PCR is in bearish zone)
Nifty Calls:
ATM: Long Liquidation, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Levels & Strategy for 18/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 is trying hard to hit new lifttime high. Big players are managing index at higher levels and profit booking is going on in stocks & also at higher levels in indices. Big players have turned neutral and option writers are making good money. Option buyers should stay away and get into trade only when volatility rises and market picks-up the momentum.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 18/NOV/2022
NIFTY IS DOWN BY -66 POINTS
Name Price Previous Day Change % Change
Nifty 18344 18410 -65.75 -0.36%
India VIX 14.88 15.10 -0.22 -1.47%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 9994000, CE LTP: 3.5)
Max OI (Puts) 18000 (Open Interest: 5235650, PE LTP: 30.1)
PCR 0.89 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
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 16/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 is slowly & firmly inching towards new lifetime high after decent consolidation. Today short covering in ATM & mild buying lifted the Nifty beyond 18400 plus level. Nifty is trading with positive bias. However, retail traders should continue to book profit near 52W high level and stay light & look for good quality trade setup.
Shall we look for buy on dips opportunities near major support levels?????? Yes, I think so till the trend is positive. Please find below scorecard & options statistics.
NIFTY SCORECARD DATED 15/NOV/2022
NIFTY IS UP BY 74 POINTS
Name Price Previous Day Change % Change
Nifty 18403 18329 74.25 0.41%
India VIX 14.64 14.91 -0.27 -1.84%
OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 7339350, CE LTP: 0.9)
Max OI (Puts) 18300 (Open Interest: 8316150, PE LTP: 24)
PCR 1.15 (PCR is in buying Zone)
Nifty Calls:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Nifty Levels & Strategy for 15/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 is sideways after decent rally. FIIs/Big players have again turned the bearish and retail traders turned super bullish . Profit booking at higher level is going on. Retail traders should trade carefully near lifetime high amid several global issues. Retail traders should hedge their overnight positions without fail to protect their capital.
Please find below scorecard & options statistics. Options data & PCR is indicating sideways to mild bearish action. Big players have written ATM & OTM calls as well as puts. Long liquidation in ITM calls indicates that traders are not comfortable in carrying calls options. Option buyers should get into action only when market pick-up the momentum (breakout or breakdown) else theta decay in options will continue to hurt option buyers.
NIFTY SCORECARD DATED 14/NOV/2022
NIFTY IS DOWN BY -21 POINTS
Name Price Previous Day Change % Change
Nifty 18329 18350 -20.55 -0.11%
India VIX 14.91 14.41 0.51 3.51%
OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 8957850, CE LTP: 1.6)
Max OI (Puts) 18000 (Open Interest: 7582450, PE LTP: 11.9)
PCR 0.81 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Levels & Strategy for 14/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
Today, Nifty performed really well. Nifty is slowly moving towards new lifetime high. FIIs/Big players have turned the bullish and retail trader turned super bearish (Why ?????). Profit booking at higher level is okay. Is Nifty looking all set to made new lifetime high. We should continue to look for buy on dips opportunities till Nifty changes it's trend.
Please find below Nifty Scorecard & options statistics. Options data clearly indicating new long positions buildup and short covering in calls and put writing at all levels. May God save retail traders. PLEASE UNDERSTAND THAT RETAIL TRADERS ARE MOSTLY BUYING OPTIONS AND BIG PLAYERS ARE MOSTLY SELLING OPTIONS. OPTION SELLERS, ALWAYS HAVE EDGE. THEREFORE, RETAIL TRADER SHOULD NEVER CARRY NAKED CALL OR PUT OPTIONS AND ALWAYS HEDGE THEIR OVERNIGHT POSITIONS IN FUTURE AS WELL AS OPTION CONTRACTS.
NIFTY SCORECARD DATED 11/NOV/2022
NIFTY IS UP BY 322 POINTS
Name Price Previous Day Change % Change
Nifty 18350 18028 321.50 1.78%
India VIX 14.41 15.57 -1.16 -7.47%
OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 9333750, CE LTP: 2.7)
Max OI (Puts) 18000 (Open Interest: 7720300, PE LTP: 16.8)
PCR 1.06 (PCR is in sideways to mild bullish zone)
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation
Nifty Levels & Strategy for 10/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
Today, Nifty's gap-up was sold and finally Nifty closed in red. Big players are buying in cash & adding bearish positions in F&O. Option data in Nifty indicating weakness. Traders should continue to book profit at higher levels and work with strict SL to get trapped into either direction. Today, US markets are trading in red. Shall we expect a little correction till 18K in Nifty????? What do you think?
NIFTY SCORECARD DATED 09/NOV/2022
NIFTY IS DOWN BY -46 POINTS
Name Price Previous Day Change % Change
Nifty 18157 18203 -45.80 -0.25%
India VIX 15.92 15.59 0.33 2.12%
OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA
Max OI (Calls) 18300 (Open Interest: 10549250, CE LTP: 8.6)
Max OI (Puts) 18000 (Open Interest: 8995850, PE LTP: 15.75)
PCR 0.6 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Covering, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Long Liquidation
Nifty Levels & Strategy for 09/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 opened with a gap-up. Immediately profit booking brought it down. Later, Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Nifty is slowly inching towards new lifetime high which is just a number amid global issues.
Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions.
NIFTY SCORECARD DATED 08/NOV/2022
NIFTY IS UP BY 86 POINTS
Name Price Previous Day Change % Change
Nifty 18203 18117 85.65 0.47%
India VIX 15.59 15.66 -0.07 -0.45%
OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 9641950, CE LTP: 1)
Max OI (Puts) 18000 (Open Interest: 8745100, PE LTP: 19)
PCR 0.84 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, 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
Nifty Levels & Strategy for 07/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 performed as expected & respected the major resistance & support levels. Market volatility is offering opportunities to bulls as well as bears almost on daily basis. Today, option writers also got rewarded. Option writers always have edge and theta decay goes in favor of option writers. Today, US markets are also trading flat. We should expect a trending move in next few days till then enjoy the volatility and trade in both the directions with strict SL and maximise profit using TSL.
Please note that FIIs/Big players are continuously adding bearish positions in F&O segment so retail traders should trade carefully & continue to book profit at higher level and hedge their positions/portfolio to avoid any surprises in coming days. Please find below scorecard and quick update about F&O positions, PCR & India VIX .
NIFTY SCORECARD DATED 04/NOV/2022
NIFTY IS UP BY 64 POINTS
Name Price Previous Day Change % Change
Nifty 18117 18053 64.45 0.36%
India VIX 15.66 15.94 -0.29 -1.80%
OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 8837300, CE LTP: 1.7)
Max OI (Puts) 18000 (Open Interest: 8429700, PE LTP: 54.3)
PCR 0.93 (PCR is in sideways to mild bearish zone)
Nifty Calls:
ATM: Long 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 Levels & Strategy for 04/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 offered opportunities to bears as well as bulls. US Fed meeting impact was absorbed in few mins by bulls and they have pushed it to higher levels. Today's, bullish move was quite good for retail traders. Big players were bearish and again brought Nifty down. Indian markets are nicely coupled with US market. Next move should be based on US market. Hoping, RBI may not play the spoiling sport in coming days. RBI may sell USD or increase rate to keep rupee dollar equation checked. Indian market is performing well and weakness is imported from the overseas. Retail traders should continue to book profit near lifetime high & enjoy the daily volatility. Please find below scorecard and quick update about F&O positions, PCR & India VIX .
NIFTY SCORECARD DATED 03/NOV/2022
NIFTY IS DOWN BY -30 POINTS
Name Price Previous Day Change % Change
Nifty 18053 18083 -30.15 -0.17%
India VIX 15.94 16.66 -0.72 -4.32%
OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 5270000, CE LTP: 1.45)
Max OI (Puts) 18000 (Open Interest: 4508600, PE LTP: 108)
PCR 1.03 (PCR is in sideways to mild bullish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
NSE:NIFTY Analysis/Prediction for tomorrow 04-11-2022NSE:NIFTY Analysis/Prediction for tomorrow
For Flat/Gap-UP opening
🟢 Buy CE above 18100
✔️ Target Should be 18250
🔴 Avoid PE
For Gap-Down Opening
🟢 Buy CE near 18050
✔️ Target Should be 18250
🔴 Buy PE Below 17960
✔️ Target Should be 17830
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
Nifty Levels & Strategy for 03/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 closed in red due to heavy PL booking at higher level ahead of US Fed Reserve FOMC meeting (Nov1-2) outcome later tonight. Big players have taken bearish positions and retail traders took highly bullish positions. Tomorrow's move will be based on US Fed meeting outcome & RBI's meeting. Please find below scorecard and quick update about F&O positions, PCR & India VIX .
NIFTY SCORECARD DATED 02/NOV/2022
NIFTY IS DOWN BY -63 POINTS
Name Price Previous Day Change % Change
Nifty 18083 18145 -62.55 -0.34%
India VIX 16.66 16.13 0.53 3.30%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 18400 (Open Interest: 7988650, CE LTP: 3.25)
Max OI (Puts) 18000 (Open Interest: 7574150, PE LTP: 47.25)
PCR 0.96 (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 Covering, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Levels & Strategy for 02/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 closed in green. Bulls dominated today's trading session. Nifty trend is quite strong and looking to extend it's gain. Nifty is likely to remain sideways ahead of US FED hike & RBI's meeting/hike. US market indices are trading in red ahead of major event.
Overall, market breadth is quite positive. Is tomorrow's trading session, going to offer good opportunity to option writers????? Please find below scorecard and quick update about F&O positions, PCR & India VIX .
NIFTY SCORECARD DATED 01/NOV/2022
NIFTY IS UP BY 133 POINTS
Name Price Previous Day Change % Change
Nifty 18145 18012 133.20 0.74%
India VIX 16.13 15.80 0.33 2.07%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 18400 (Open Interest: 6769950, CE LTP: 11.65)
Max OI (Puts) 18000 (Open Interest: 7642300, PE LTP: 34.5)
PCR 1.22 (PCR is in buying Zone)
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Long Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Shall we look for buy on dips opportunities near major support levels????? Please share your thoughts.
Nifty Levels & Strategy for 01/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 sustained at higher level after initial gap up. We have observed superb buying strength. Nifty traded mostly above VWAP/13 & 20EMA only. Today, retailed traders were rewarded due to their overnight highly bullish stance. Retailed traders have now taken highly bearish stance for tomorrow's trade which is exactly opposite to what big players have done today. FIIs continued with heavy buying in cash as well as F&O. Is Nifty heading towards it's new lifetime high????? Is Nifty going to sustain at higher levels amid several global issues in coming days????? Please do share your thoughts.
Overall, market breadth is positive. It looks like any decent dip due to FOMC meeting/RBI's meeting & rate hike in first week of Nov is going to be a buying opportunity. Please find below scorecard and quick update about F&O positions, PCR & India VIX.
NIFTY SCORECARD DATED 31/OCT/2022
NIFTY IS UP BY 225 POINTS
Name Price Previous Day Change % Change
Nifty 18012 17787 225.40 1.27%
India VIX 15.80 15.92 -0.12 -0.75%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 18500 (Open Interest: 6240150, CE LTP: 2)
Max OI (Puts) 17800 (Open Interest: 5547750, PE LTP: 38.2)
PCR 1.23 (PCR is in buying Zone)
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Levels & Strategy for 28/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 were positive. Today Dow Jones is trading in green & Nasdaq is trading in red. Please do check global market indices tomorow morning before finalizing your trading strategy. Dollar index is coming down which is quite good for global markets. As expected once again bulls as well as bears got the opportunity with sufficient time to trade & book the profit. Specially retails traders enjoyed the profit due to up move. Big players are light and have started on a positive note for Nov series. FIIs are high bullish & added bullish positions in F&O contracts. Tomorrow, also we should continue to booking profit at higher levels and buy the strength in only monthly option (not in weekly options) therefore you get enough of opportunities to adjust your trades in coming weeks.
Shall we continue do profit booking near lifetime high? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
NIFTY SCORECARD DATED 27/OCT/2022
NIFTY IS UP BY 81 POINTS
Name Price Previous Day Change % Change
Nifty 17737 17656 80.60 0.46%
India VIX 16.60 16.88 -0.28 -1.67%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 18400 (Open Interest: 4062000, CE LTP: 4.2)
Max OI (Puts) 17700 (Open Interest: 2949950, PE LTP: 117.8)
PCR 0.83 (PCR is in bearish zone)
Nifty Calls:
ATM: Long 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 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 were positive on special occasion of Diwali 2022 Muhurat trading. Nifty closed 154 points up. It will be very interesting to see where Nifty will be able to sustain at higher levels amid several global issues. Big players have taken bullish positions. We have also seen decent profit booking at higher levels. We have seen lot of actions in just one hour of Muhurat trading. Nifty is looking positive.
Shall we do profit booking at higher levels? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
NIFTY SCORECARD DATED 24/OCT/2022
NIFTY IS UP BY 154 POINTS
Name Price Previous Day Change % Change
Nifty 17731 17576 154.45 0.88%
India VIX 17.42 17.28 0.14 0.82%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 10286850, CE LTP: 9.3)
Max OI (Puts) 17000 (Open Interest: 7897000, PE LTP: 3.35)
PCR 1.02 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup