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Bank Nifty Levels & Strategy for 27/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. BANK NIFTY Today global cues are positive. Profit booking in Bank Nifty near lifetime high is quite obvious. Big players have significantly reduced their existing long as well as short positions. Today markets are really doing well. However, retail traders need to be cautious in Bank Nifty near lifetime high. Market is quite volatile and almost daily offering nice trading opportunities to Bulls as well as Bears. Traders who working patiently and waiting for right levels, good quality trade setup are getting regularly getting rewarded. 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. BANK NIFTY SCORECARD DATED 25/OCT/2022 BANK NIFTY IS DOWN BY -182 POINTS Name Price Previous Day Change % Change Bank Nifty 41123 41305 -182.15 -0.44% India VIX 16.88 17.42 -0.54 -3.11% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 42000 (Open Interest: 2832775, CE LTP: 6.9) Max OI (Puts) 40000 (Open Interest: 2365750, PE LTP: 12.5) PCR 1.03 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Long Liquidation
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 06/Oct/2022 ExpiryDear 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. BANK NIFTY Spectacular performance by Bank Nifty after yesterday's sharp correction. 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. Short covering may lift Bank Nifty to higher levels. Today also US market is trading in positive zone and there may be another gap-up on Thursday. Big players are playing with innocent retail traders emotions who are not properly equipped with all required tools. If Bank Nifty closed at higher level on Thursday and all bearish positions may expire worthless. Post expiry FIIs/big players may again flip the side. May God bless retail traders. RETAIL TRADERS MUST AVOID NAKED LONG TRADES IN WEEKLY PUT & CALL OPTIONS, PLEASE LEARN TO HEDGE OVERNIGHT POSITIONS WITHOUT FAIL. BANK NIFTY SCORECARD DATED 04/OCT/2022 BANK NIFTY IS UP BY 1080 POINTS Name Price Previous Day Change % Change Bank Nifty 39110 38030 1080.40 2.84% India VIX 19.57 21.37 -1.80 -8.40% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 2714350) Max OI (Puts) 37000 (Open Interest: 2701450) PCR 1.07 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Short covering, ITM:Short covering, FAR OTM:Long Buildup Bank 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!
NSE:BANKNIFTYLong
by manishmgupta
Nifty Levels & Strategy for 08/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is down by just -31.2 points. PCR shifted slightly up from 0.87 ( bearish zone) to 0.92 ( bearish zone). Nifty hit the target as expected then reversed as well. Later option writer made good money as Nifty traded in a narrow range. Call writers are getting challenged again & again. Today morning put writers run for the cover & majority of them ended up booking losses. Smart traders made money who took contra trades at major support. Highest open interest on call side at 17800 (Shifted up from 17800 to 18000) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is down by -210.6 points. Bank Nifty offered excellent opportunities to option writers (short straddle/strangle traders). PCR shifted down from 0.91 ( bearish zone) to 0.78 (getting close to oversold zone). Bank Nifty closed above VWAP and important support zone with good buying volume which is indicating positive move is likely in Bank Nifty . Let us see how global cues works out tonight. Highest open interest on call side at 40000 (Remained at same level) Highest open interest on put side at 39000 (Remained at same level) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
SPY Max Pain 01/28 ~ 02/11 (2022 W4-5)This is a first elaborated out and attempted to be simplified as much as possible (so the same process can be repeated for similar guidance under the same assumption). Assumption: The week close (this could be literally the last minute of the day, so 'it not being there' on Friday afternoon before close doesn't matter) will be near 'max pain' - the point at which the most options will lose the most extrinsic value possible at expiry- and lose all options buyers the most money, while maximizing what the hedged sellers retain. While implied by some sources to be potentially malicious (though not explicitly so, whatsoever), it more seems to me like it is a natural movement of the markets and a natural result of mathematics + the "entropy" of solving for the lowest common divisor. This charts the next two weeks relative to Options expiry (because any further and predictions become needlessly superfluous at this detail). This is assuming a mostly sideways movement which ends at the expiries each Friday. If the price moves dramatically, especially so dramatically that it crosses the upper green or lower red bounding bars, then the chart is essentially moot and whatever backup hedge must be performed if I am not already biased in that direction. In this case, since the foreseeable month or so or two even from now are mostly upwards (445~460), any significant dip is probably worth buying into, but only if I still hold an opposite hedge. This is just in case I am holding 3-4 calls, and not selling any, and have 1 put; even in a disaster situation the single put can sometimes outprice all three calls if the volatility and crash is harsh enough, and at least get me closer to neutral. Other strategies with put credit spreads etc need testing. Because this comes with the express understanding that it is incredibly likely that the price will only move up to expiry in the last two or three minutes of the day , such as this past Friday the 28th (441 was the max pain; so a perfect close). I was able to sell and buy a put in the last 20 seconds while I held the calls for the next week. So even if I am incorrect, the put should easily balance it out; then I can hold the put(s) and have that as my max risk for further upside, even if I sell all calls. Preferably I would want to hold onto at least some, but greed murdered me in December, so careful I should be. Mostly for my own record and so I can see whether the predictions had any veracity, though the predictions are mostly for fun. They are not needed to perform the strategy. However, from here on, I will need to count the success rate of the predicted op-ex value and how far it ended up from it, and in what direction. That way, I can adjust my uncertainty. ~ Sofie <3
AMEX:SPYLong
by sofie4
3
Wish retail about to give upIMO we are running an irregular/expended abc correction after the meme frenzy with wish. In combination with real meme stocks crush what I see is a lot of forced liquidations and retail exiting their positions due to lack of capital ( most of them all leveraged). Take also into consideration the massive options expiration this week. Therefore I expect a massive upward move in the upcoming 1-3weeks. It will be so fast that no retail trader will have the guts to follow again nor the capital since I expect real meme stocks and mostly AMC to crush! Retail will enter wish again after $32
WLong
by Philoslother
ALPHAUSD AnalysisReasons to sell Strong resistance level at $1.90 - $2.00 currently being rejected once again with a 4th touch. Looks like there was a fake-out move around the 23rd-24th March with price breaking out of the strong resistance level previously mentioned. Weekend (saturday) and nearing end of monthly candle closure where a correction usually happens Reasons to buy Strong daily candle close the day before on the Friday (same day as options expiry) Options expired so selling pressure has gone Still testing the Strong resistance turned support level at $1.81
FTX:ALPHAPERP
by Kai-FX
USO weekly options expiry - small net short for institutionsThis week's options expiry suggests institutions will end the week net short about 600 contracts or about 60,000 shares. They had a vested interest (net 1500 contracts) in ensuring price did not move below $36 and I see they have basically done exactly that. Considering seasonality issues, one shouldn't be surprise to see their net short exposure. The question really is, what is their actual cost on that net short exposure (ie. strike - avg. premium collected)? Because of the significance of the $36 level, long ideas worked well today. I was fortunate to play a BoT long but there really wasn't a long Euro close into Options expiry setup to take. Regardless, that bias off the $36 level may evaporate once the expiry event occurs. If my charts help you, or you use my indicators... please consider a BTC donation to allow me to continue my work : 1EBttA56cWsgtsZn83VGiNT8si7inZV5Z5 & follow me on Twitter @CRInvestor
AMEX:USO
by CRInvestor