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Bank Nifty Levels & Strategy for 26/Sep/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, Bank Nifty has corrected 1000 plus points which is a significant cut in a day and closed near major support level. It will be interesting to see whether Bank Nifty will hold this major support level or this support level will become major resistance level in case of gap-down on Monday. Please make a note that Bank Nifty is oversold therefore work carefully to avoid getting into beartrap. BANK NIFTY SCORECARD DATED 23/SEP/2022 BANK NIFTY IS DOWN BY -1084 POINTS Name Price Previous Day Change % Change Bank Nifty 39546 40631 -1084.35 -2.67% India VIX 20.59 18.82 1.78 9.45% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 3487450) Max OI (Puts) 38000 (Open Interest: 1864075) PCR 0.54 (PCR is in oversold zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Shall we continue to look for sell on rise opportunities/profit booking ????? Yes, I think so. What do you think? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Nifty Gapping downToday expecting nifty to gap down arroung 90 to 100 points. Cause of concern is the lower demand zone is getting weakening as the price hitting the floor again and again if this remains continue we will soon going to see 17400 levels. Last week after getting good profit at present i have only holdings in DEMAT and no live positions. May be today or monday going to play with weekly expiry as the market permits or the conditions may be. My favourite lines which i use here is " EK TRADER KA KOI DEEN MAJHAB NHI HOTA". They just do according to market conditions.
NSE:NIFTYShort
by r7888911518
Bank Nifty Levels & Strategy for 23/Sep/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, Bank Nifty has performed as expected after US FED hike by 75 basis points and hawkish commentary. Sell on rise strategy really worked well. F&O OI data are indicating further bearishness. Today also US indices are trading in red. Let us see US market recovers from by EOD. BANK NIFTY SCORECARD DATED 22/SEP/2022 Bank Nifty is down by -572.85 points Name Price Previous Day Change % Change Bank Nifty 40631 41203 -572.85 -1.39% India VIX 18.82 19.33 -0.51 -2.64% Max OI (Calls) 41000 (Open Interest: 1768800) Max OI (Puts) 40000 (Open Interest: 1375600) PCR 0.75 (PCR is in bearish zone) NOTES BASED ON 29/Sep/2022 EXPIRY DATA: Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Short Buildup Shall we continue to look for sell on rise opportunities/profit booking ????? Yes, I think so. What do you think? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity based on strength in Indian market? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
2
Nifty Levels & Strategy for 23/Sep/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 has performed as expected after US FED hike by 75 basis points and hawkish commentary. Sell on rise strategy really worked well. F&O OI data are indicating further bearishness. Today also US indices are trading in red. Let us see if US market recovers from by EOD. NIFTY SCORECARD DATED 22/SEP/2022 Nifty is down by -88.55 points Name Price Previous Day Change % Change Nifty 17630 17718 -88.55 -0.50% India VIX 18.82 19.33 -0.51 -2.64% Max OI (Calls) 19000 (Open Interest: 7029200) Max OI (Puts) 16000 (Open Interest: 4912700) PCR 0.88 (PCR is in bearish zone) NOTES BASED ON 29/Sep/2022 EXPIRY DATA: 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 Shall we continue to look for sell on rise opportunities/profit booking ????? Yes, I think so. What do you think? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity based on strength in Indian market? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
Bank Nifty Levels & Strategy for 22/Sep/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 Bank Nifty is down by -265 points. PCR is shifted down from 1.07 (mild bullish zone) to 0.84 ( bearish zone). It looks like today Bank Nifty followed weak global cues and bulls were nervous ahead of US FED meeting outcome. Highest open interest on call side at 43000 (Shifted up from 42000 to 43000) Highest open interest on put side at 40000 (Remained at same level) NIFTY Nifty is down by -98 points. PCR is down from 0.99 (sideways zone) to 0.73 ( bearish zone). It looks like US market along with Indian market has digested US FED hike up to 0.75%. Today, US market is trading in green. Let us hope for the best for better outcome of US FED meeting. What are your views? Please do share. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Shifted up from 17000 to 17500) Will tomorrow’s trades be based on US FED meeting outcome? I think so. What do you think? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 22/Sep/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 down by -98 points. PCR is down from 0.99 (sideways zone) to 0.73 (bearish zone). It looks like US market along with Indian market has digested US FED hike up to 0.75%. Today, US market is trading in green. Let us hope for the best for better outcome of US FED meeting. What are your views? Please do share. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Shifted up from 17000 to 17500) BANK NIFTY Bank Nifty is down by -265 points. PCR is shifted down from 1.07 (mild bullish zone) to 0.84 (bearish zone). It looks like today Bank Nifty followed weak global cues and bulls were nervous ahead of US FED meeting outcome. Highest open interest on call side at 43000 (Shifted up from 42000 to 43000) Highest open interest on put side at 40000 (Remained at same level) Will tomorrow’s trades be based on US FED meeting outcome? I think so. What do you think? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
AR Hedged StrategyNatural gas producer and hydrocarbon exploration company Antero Resources has a market cap of $11.3B. Its stock followed the surge in energy prices this and last year, then corrected in June-July. With global shortages and an increased demand for natural gas (vs. oil), there's opportunity in energy long-term... but short-term uncertainty in this market. Trading at 37.33 as of publication, we can take advantage of this possible low by setting the ceiling up to the 0 level and cushion all the way down to a bit below the 2.618 to minimize the chances of a loss while maintaining potential growth through expiration in July of next year. This will make up to 14.7% (17.9% annualized) but on the downside, also allow AR room to fall a generous 48% before breaking even. Buy 1 $35 call Sell 1 $40 call Sell 2 $20 puts Exp 7/21/23 Capital Required for the strategy: $3922.64 Probability of winning: HIGH
NYSE:ARLong
by oliveinvest
Nifty Levels & Strategy for 21/Sep/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 up again by 194 points. PCR is up from 0.70 ( bearish zone) to 0.99 (sideways zone). It looks like Indian market has digested US FED hike up to 0.75%. If IT sector supports, then Nifty may not only cross 18K level but also make a move towards lifetime high in next few days. Tomorrow, Nifty is likely to trade sideways. What are your views? Please do share. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Shifted down from 17500 to 17000) BANK NIFTY Bank Nifty is up by 564 points. Superb performance by Bank Nifty amid so many global issues. PCR is shifted up from 0.78 ( bearish zone) to 1.07 (mild bullish zone). Frankly, it’s strange to see bank nifty is once again close to lifetime high amid global issues (Strong USD, weaker Indian Rupee) as Indian issues like current account deficit is growing. If US market recovers in coming days then I will not be surprised to see Bank Nifty again not only making new lifetime high but also sustain at higher levels. Highest open interest on call side at 41500 (Shifted up from 41500 to 42000) Highest open interest on put side at 40000 (Shifted up from 38500 to 40000) Shall we continue to look for sell on rise opportunities/profit booking till US Fed meeting ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity based on strength in Indian market? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? Overall, is Indian market likely to remain sideways till outcome of US FED meeting????? I think so. What do you think? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 21/Sep/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 Bank Nifty is up by 564 points. Superb performance by Bank Nifty amid so many global issues. PCR is shifted up from 0.78 (bearish zone) to 1.07 (mild bullish zone). Frankly, it’s strange to see bank nifty is once again close to lifetime high amid global issues (Strong USD, weaker Indian Rupee) as Indian issues like current account deficit is growing. If US market recovers in coming days then I will not be surprised to see Bank Nifty again not only making new lifetime high but also sustain at higher levels. Highest open interest on call side at 41500 (Shifted up from 41500 to 42000) Highest open interest on put side at 40000 (Shifted up from 38500 to 40000) NIFTY Nifty is up again by 194 points. PCR is up from 0.70 (bearish zone) to 0.99 (sideways zone). It looks like Indian market has digested US FED hike up to 0.75%. If IT sector supports, then Nifty may not only cross 18K level but also make a move towards lifetime high in next few days. Tomorrow, Nifty is likely to trade sideways. What are your views? Please do share. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Shifted down from 17500 to 17000) Shall we continue to look for sell on rise opportunities/profit booking till US Fed meeting ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity based on strength in Indian market? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? Overall, is Indian market likely to remain sideways till outcome of US FED meeting????? I think so. What do you think? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis 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 20/Sep/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 up by 91 points. Today, Nifty has performed as expected. Nifty was already oversold on Friday and morning dip was bought instantly and closed in green. PCR is up from 0.49 (oversold zone) to 0.7 (bearish zone). Market sentiment is bearish ahead of US Fed meeting. Highest open interest on call side at 18000 (Shifted down from 19000 to 18000) Highest open interest on put side at 15000 (Shifted up from 17000 to 17500) BANK NIFTY Bank Nifty is up by 128 points. PCR is shifted up from 0.69 (highly bearish zone) to 0.78 (bearish zone). US markets closed in red and even today trading in red. US Dollar, US 10Y Bond Yield is further getting stronger. Indian Rupee & other global currencies are getting weaker which is certainly not a good sign for emerging economies like India. Highest open interest on call side at 41500 (Shifted up from 41500 to 42000) Highest open interest on put side at 40000 (Shifted up from 38500 to 40000) Shall we continue to look for sell on rise opportunities till US Fed meeting ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? Is Bank Nifty likely to remain sideways till outcome of US FED meeting????? I think so. What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Elliott Wave Cheat SheetAlthough Elliott Wave Theory is vast subject and needs in depth study, I'm sharing a cheat sheet for those who have started to learn about the same. This should help them in understanding things better. Also, try to correlate the cheat sheet with Nifty50 daily chart and be amazed to see how nicely the Elliott wave principles were followed there in the recent wave. At the same time, please use discretion while following this cheat sheet as this sheet covers only the basic aspects of Elliott Wave principles. Keep (l)earning and keep sharing!!
NSE:NIFTYEducation
by MalayKJ
3
Defined Risk Strategy on CHPTThe Biden administration approved the first $900 million (of $5 billion) in spending for EV charging infrastructure, sending stocks like QS, BLNK, FSR and CHPT soaring with the announcement and then neutralizing today. The 50 and 100 EMA's crossed, which some might say is a buy signal, but the RSI tops are sloping slightly down -- uncertain if it will trend down briefly. Here's how I'm defining my risk, sacrificing a bit of upside for downside protection. This makes up to 22% (35% annualized) while also cushioning ChargePoint from a fall of up to 46% (to below $9.81, through 5/19 next year) before my investment breaks even. Hedged options: Buy 1 $18 call Sell 1 $22 call Sell 2 $10 puts Exp 5/19/23 Capital Required: $1994.64
NYSE:CHPTLong
by oliveinvest
KR SHORT IDEANYSE:KR KR made a big move this week after the Q2 earnings call. I believe that it is now overextended. On the 15-minute chart, the big price action is seen. However, the RSI indicator shows a flat relative strength suggestive of bearish divergence. The Mass Index peaked out over 27.5 and is now dropped below is the suggested trigger for a reversal of 26.5 Trading volume is about 250% of the average on Friday overall while concentrated on the early morning rapid trend reversal and late afternoon profit taking. I will look to capitalize on a quick downtrend correction with a put option with 5DTE below the current market price for maximal return albeit with the added risk of time decay.
NYSE:KRShort
by AwesomeAvani
1
How do crypto options contracts affect the market?Hi Friends Today we will explain the option contracts affect on crypto and other markets. First lets see whats an option contract? Options are derivative contracts that entitle the purchaser to buy or sell the connected asset at a predetermined price before the contract expires. There are two types of options , call and put. The right to buy is known as a ‘call’ option, whereas the right to sell the underlying asset is called a ‘put’ option. Every options contract comes with a specified expiry date which is the last date for settling the contract. The price at which the options contract is settled is called the strike price . This is the price at which the options contract owner is allowed to buy/sell the underlying cryptocurrency. The price at which an options contract is bought is called the premium . Now, when would you buy a cryptocurrency? Obviously when it is trading at a price that is lower than it should be,right? This means that you find it to be undervalued and you expect its price to rise in the future so you can sell higher and make money. But what if the crypto price fell instead? Wouldn’t it be nice if somebody would still buy the cryptocurrency from you at a higher price? For that you would require selling rights of the cryptocurrency and you will buy a put option. Now on the flip side when would you sell a cryptocurrency? Of course, when you think that it is trading at a price higher than it should be. This means that you find it to be overvalued and expect it to fall from here. But what if the price of the cryptocurrency rose instead? You would then want to add more crypto at a lower price and sit on assets that are valued higher than your purchase price. For this you would need buying rights or a call option. Since options allow traders the right to buy/sell assets at a predetermined price they shield them from the volatility of the crypto markets. Moreover the volume of the call or put options in the market signals the direction in which investors expect the markets to move. More put options indicate that investors expect the markets to fall whereas more call options indicate that investors expect the market to rally. Now when the option contracts are near their expiration date, large players try to drive the underlying crypto price into a favourable range depending on the option contracts they have purchased. This is done so that the deal can become profitable. In summary: Buying a Call (Long) = Bullish -----> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit. Selling a Call (Short) = Bearish -----> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit. Buying a Put (Short) = Bearish ------> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit. Selling a Put (Long) = Bullish --------> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit. I hope you enjoy this education please share me your opinions in comments. thank you all specially @TradingView team
CRYPTOCAP:BTCEducation
by TraderAmin-KZ
Options Strategy on FTCHUK-based luxury e-tailer Farfetch last made headlines at the end of August when it announced plans of major stake acquisition in Yoox Net-a-Porter YNAP. Advancing ambitions to create one leading major platform for high-end brands and sending both stocks soaring, the deal is expected to close by the end of 2023. A few days ago, Morgan Stanley increased the price target of FTCH from $30 to $32 but also gave it an Overweight rating. Retail is also facing issues, though luxury retail moves differently. Here's my bullish options strategy on FTCH that makes up to 15% (26% annualized) while protecting my investment from up to a 57% drop in price. Buy 1 $10 call Sell 1 $12 call Sell 3 $5 puts Exp 4/21/23 $1480.30 required to invest.
FLong
by oliveinvest