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ASI Weekly Chart Update - 07/03/2024ASI touched 11000 level after few weeks. This is a critical level and it needs to close upper trend line in this triangle pattern. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASI
by rukshan2102
ASI Update on 26022024Support Zone - 10150 to 10350 Resistance Zone - 10800 to 11000 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASI
by rukshan2102
Stock Index Review - Key Markets and levels to watchWe take a look at the Daily charts and price action on our Key Indexes. It is important to have a longer term view of the price action and risk levels on the key markets so we will discuss our major markets and what we are looking for in the video. We take a look at the following Key Indexes:- SP500, Nasdaq, DOW, DAX, FTSE, ASX200, Hang Seng and the Nikkei. *** Feel free to take a look at our profile page and Please Follow for more content *** *** Pleas Leave a Like and Comment if you enjoyed this video ***
TVC:NI225
by ReverseRetail
Nifty Levels & Strategy for 09/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: Today Nifty defended the support levels & again started heading towards 19K level. FIIs were super bearish from last 2 days. Today, they switched the gear and became bullish in F&O after Gujarat election results. They are still net seller in cash segment in Dec. Two major events are over now RBI policy (specially commentary) & election results. Now, market will wait for US Fed policy in next week. Buying momentum is strong. Option data is indicating mild bullish move. Retail traders should look for buy on dips opportunity, book profit near lifetime highs & simply follow the trend till Nifty continue to respect & hold the major support levels. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 08/DEC/2022 NIFTY IS UP BY 49 POINTS Name Price Previous Day Change % Change Nifty 18609 18561 48.85 0.26% India VIX 13.40 14.08 -0.68 -4.83% OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA Max OI (Calls) 18600 (Open Interest: 6106300, CE LTP: 138) Max OI (Puts) 18600 (Open Interest: 5680700, PE LTP: 83) PCR 0.75 (PCR is in bearish 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
NSE:NIFTY
by manishmgupta
1
Bank 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. Bank 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: BANK NIFTY SCORECARD DATED 06/DEC/2022 BANK NIFTY IS DOWN BY -194 POINTS Name Price Previous Day Change % Change Bank Nifty 43139 43333 -194.40 -0.45% India VIX 14.04 13.73 0.31 2.26% OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA Max OI (Calls) 43200 (Open Interest: 2962250, CE LTP: 235.15) Max OI (Puts) 43000 (Open Interest: 3863625, PE LTP: 111.2) PCR 0.78 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short covering, OTM:Long Liquidation, ITM:Short covering, FAR OTM:Long Liquidation
NSE:BANKNIFTY
by manishmgupta
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
NSE:NIFTY
by manishmgupta
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
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 22/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 to fill-up left out gap. Put side long buildup & short covering indicates the little weakness in Nifty. Call writing continued in all types of options. PCR shifted in oversold zone. India VIX started increasing but still at lower/comfortable level which indicates that Bulls are looking ready to buy any decent dip. Overall bias is slightly negative. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 21/NOV/2022 NIFTY IS DOWN BY -148 POINTS Name Price Previous Day Change % Change Nifty 18160 18308 -147.70 -0.81% India VIX 14.80 14.39 0.41 2.83% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 18300 (Open Interest: 12104450, CE LTP: 37.5) Max OI (Puts) 18000 (Open Interest: 6988150, PE LTP: 20.7) PCR 0.64 (PCR is in oversold 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
NSE:NIFTY
by manishmgupta
4
Nifty Level & Strategy for 21/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 trading range is quite clear & perfectly trading within a range (marked on chart). Range is always good for option writers. Please review the option data. ATM/OTM/ITM Calls were written by the big players & professional traders. We have seen short covering in on Puts side which indicates little bearishness. Option buyers should still wait & stay away and get into trade only when nifty break out above or break down below the range with rise in volatility and market clearly pick-up the momentum. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 18/NOV/2022 NIFTY IS DOWN BY -36 POINTS Name Price Previous Day Change % Change Nifty 18308 18344 -36.25 -0.20% India VIX 14.39 14.88 -0.49 -3.28% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 18400 (Open Interest: 10565600, CE LTP: 69) Max OI (Puts) 18300 (Open Interest: 6853050, PE LTP: 78.95) PCR 0.73 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Buildup Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Covering, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 11/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 Profit booking pushed Nifty to major support levels. Bulls attempted tried hard to recover and Nifty closed above 18000 psychological level. Let us consider today's move as profit booking. We should continue to book profit in long positions near major resistance levels marked in the chart and work level by level. Option writers are really enjoying the theta decay. Good luck to option buyers (take directional trade only when market pick-up the momentum & you get a good trading setup). Please find below Nifty scorecard with long as well short option positions details. NIFTY SCORECARD DATED 10/NOV/2022 NIFTY IS DOWN BY -129 POINTS Name Price Previous Day Change % Change Nifty 18028 18157 -128.80 -0.71% India VIX 15.57 15.92 -0.35 -2.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9282300, CE LTP: 2) Max OI (Puts) 18000 (Open Interest: 6997050, PE LTP: 110) PCR 0.79 (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:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Bank 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. BANK NIFTY Bank Nifty sustained at higher level after initial gap up & mild profit booking. 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 Bank Nifty heading towards it's new lifetime high????? Is Bank Nifty going to sustain at higher levels in coming days????? Please do share your thoughts. Overall, market breadth is positive and it looks like any decent dip due to FOMC meeting/RBI's meeting 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. BANK NIFTY SCORECARD DATED 31/OCT/2022 BANK NIFTY IS UP BY 317 POINTS Name Price Previous Day Change % Change Bank Nifty 41308 40991 317.05 0.77% India VIX 15.80 15.92 -0.12 -0.75% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 2743200, CE LTP: 247.6) Max OI (Puts) 41000 (Open Interest: 1977000, PE LTP: 203) PCR 0.9 (PCR is in bearish 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
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 31/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 Bank Nifty performed as expected. Profit booking was done at higher levels. US market clsoed in green. SGX Nifty closed almost 200 points up. Bank Nifty PCR shifted to oversold zone amid several ongoing global issues (Key issues to be considered are US FED hike in Nov & RBI's corrective action). Is Bank Nifty once again getting ready to cross it's lifetime high????? Is sell on rise & buy on dips working????? However, please do review the following Bank Nifty scorecard data which will give you clear idea about long & short positions in Calls & Puts. BANK NIFTY SCORECARD DATED 28/OCT/2022 BANK NIFTY IS DOWN BY -308 POINTS Name Price Previous Day Change % Change Bank Nifty 40991 41299 -308.45 -0.75% India VIX 15.92 16.60 -0.68 -4.07% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 2660400, CE LTP: 217) Max OI (Puts) 41000 (Open Interest: 1534125, PE LTP: 400.95) PCR 0.65 (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:Long Buildup, FAR OTM:Long Buildup
NSE:BANKNIFTY
by manishmgupta
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
NSE:NIFTY
by manishmgupta
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
NSE:NIFTY
by manishmgupta
2
Nifty: Successful short trade based on good quality trade setupDear traders, I have identified chart levels, trade setup 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 An example of a successful short trade in Nifty based good quality trade setup. Technical indicators worked really well. Please do share your thoughts. Thanks
NSE:NIFTYShort
by manishmgupta
Nifty Levels & Strategy for 21/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 closed in green and Bulls are trying hard to retain the control & continue with ongoing relief rally. Today, once again Bears as well as Bulls were rewarded who traded based on good quality setup. Buy on only when price action indicate you to buy & vice versa in case of sell. Weakness in Indian Rupee is hurting Indian traders. Nifty & Bank Nifty are trading in opposite directions. We have Diwali two days of Diwali vacation prior to October expiry. Please avoid trading (specially buying) in weekly options. Bulls have slightly upper hand based on OI data. Shall we continue to buy on dips & sell on rise with strict SL untill market trend is clear? Yes, I think so. Please share your thoughts. NIFTY SCORECARD DATED 20/OCT/2022 NIFTY IS UP BY 52 POINTS Name Price Previous Day Change % Change Nifty 17564 17512 51.70 0.30% India VIX 17.23 17.49 -0.25 -1.46% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 6777500, CE LTP: 11.95) Max OI (Puts) 16500 (Open Interest: 5910800, PE LTP: 4.6) PCR 1.17 (PCR is in buying 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
NSE:NIFTY
by manishmgupta
5
Bank 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. BANK NIFTY Bank Nifty started on an excellent note. Later, profit booking brought it down and finally Bank Nifty closed on 54 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 direction. 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. BANK NIFTY SCORECARD DATED 19/OCT/2022 BANK NIFTY IS UP BY 54 POINTS Name Price Previous Day Change % Change Bank Nifty 40373 40319 54.45 0.14% India VIX 17.49 17.45 0.03 0.20% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 40500 (Open Interest: 3104200, CE LTP: 9.85) Max OI (Puts) 39000 (Open Interest: 2759000, PE LTP: 121) PCR 1.06 (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: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup 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?
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 18/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 Bank Nifty performed as expected. Traders who simply followed the technical pattern got rewarded heavily. Once Bank Nifty has given breakout above VWAP & 13EMA then throughout the day not even a single candle closed below 13 EMA/VWAP on 15 min chart. Those who shorted initially, took SL and reversed the trade for wonderful one way relief rally. Retail traders got caught again. FIIs have heavily added bullish positions in F&O contracts, US market is trading in green today and majority of the retail traders did exactly opposite to what FIIs did. May GOD bless retail traders. Please don't get carried away in one direction. Bank Nifty is in oversold zone now. We have to be patient enough to make some money and follow our rules without fail. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think????? BANK NIFTY SCORECARD DATED 17/OCT/2022 BANK NIFTY IS UP BY 615 POINTS Name Price Previous Day Change % Change Bank Nifty 39920 39306 614.85 1.56% India VIX 18.42 18.26 0.16 0.88% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 2227475, CE LTP: 9.05) Max OI (Puts) 37000 (Open Interest: 3057025, PE LTP: 363) PCR 1.48 (PCR is in overbought zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup 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 14/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, Bank Nifty closed in red based on heavy selling by FIIs & Big Players. Tomorrow's Nifty's performance will be based on US CPR inflation data 8.2% (reduced YOY & increased MOM) & market performance. US FED has left out with no option & have to go ahead with aggressive rate hike (0.75%) in Nov-22. Right now, Dow Jones (+800 points) and Nasdaq (+240 points) are trading in green and recovered significantly from day's low. Tomorrow, we should expect a trending move however retail traders should work level by level and avoid getting carried away. Nifty is trading in bearish zone. Infosys positive results (beats the market expectation) may also lift Nifty as well as IT stocks. 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 13/OCT/2022 NIFTY IS DOWN BY -109 POINTS Name Price Previous Day Change % Change Nifty 17014 17124 -109.25 -0.64% India VIX 20.29 20.18 0.12 0.57% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 17000 (Open Interest: 4034400, CE LTP: 203.4) Max OI (Puts) 17000 (Open Interest: 4464900, PE LTP: 179.65) PCR 0.82 (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:Long Buildup, ITM:Long Buildup, FAR OTM:Long Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
2
Bank Nifty Levels & Strategy for 13/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 Bank Nifty was oversold and traders got buy on dips opportunity from Yesterday's low to Yesterday's high. FIIs have flipped the their side from selling to buying and retail flipped from bullish to bearish. We need to trade patiently and wait for right trade setup then working level by level based on technical indicator is likely to remain profitable (e.g. buying near previous day's low and profit booking near previous day's high). FIIs/Big players did exactly opposite to what retail traders did. Today, bears got trapped heavily. Retail traders should trade only in monthly options with strict SL else continue to donate your hard earned money to FIIs/Big players. Shall we continue with sell on rise near resistance levels and buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think????? BANK NIFTY SCORECARD DATED 12/OCT/2022 BANK NIFTY IS UP BY 406 POINTS Name Price Previous Day Change % Change Bank Nifty 39119 38712 406.10 1.05% India VIX 20.18 20.49 -0.32 -1.54% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 3024050, CE LTP: 6.8) Max OI (Puts) 37500 (Open Interest: 2592775, PE LTP: 13.15) PCR 1.01 (PCR is in sideways zone ) Bank Nifty Calls: ATM: Short covering, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Liquidation Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Bank 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. BANK NIFTY Bank 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. We need to trade patiently and wait for right trade setup then working level by level based on technical indicator was profitable (e.g. buying near lower level Bollinger band with bullish engulfing pattern & breakout above VWAP, selling near higher end of Bollinger band with evening star pattern and breakdown below VWAP). 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????? BANK NIFTY SCORECARD DATED 11/OCT/2022 BANK NIFTY IS DOWN BY -381 POINTS Name Price Previous Day Change % Change Bank Nifty 38712 39093 -380.65 -0.97% India VIX 20.49 19.62 0.87 4.42% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 2924950, CE LTP: 13.25) Max OI (Puts) 37000 (Open Interest: 2001150, PE LTP: 5.3) PCR 0.68 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short covering, OTM:Short covering, 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!
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 10/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 Bank Nifty closed almost flat (-105) in red zone. PCR is in bearish zone. FIIs as well as DIIs have added plenty of bearish positions in F&O. US market closed in red. Dow Jones (-630), Nasdaq (-446). We are all set for the gap-down on Monday. Global cues & overall trend has turned negative. Is sell on rise going to be better strategy for Monday trades with strict SL? Yes, I think so, What do your thoughts? BANK NIFTY SCORECARD DATED 07/OCT/2022 BANK NIFTY IS DOWN BY -105 POINTS Name Price Previous Day Change % Change Bank Nifty 39178 39283 -104.80 -0.27% India VIX 18.81 19.32 -0.50 -2.60% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 2045875, CE LTP: 324.05) Max OI (Puts) 39000 (Open Interest: 1792125, PE LTP: 115.35) PCR 0.84 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
Bank Nifty Levels & Strategy for 07/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 Bank Nifty continued with it's excellent performance but profit booking brought Bank Nifty back to gap-up opening level. Initially bulls got good chance to earn, later option writers took over and finally profit booking gave chance to bears as well. We need to trade cautiously at higher levels as US dollar index started heating up again. Traders are able to make money who really have good technical knowledge even after taking couple of stop losses. PLEASE REVIEW MY LAST ONE MONTHS CHARTS THEN YOU WILL REALISE THAT BANK NIFTY AS WELL AS NIFTY IS RESPECTING LEVELS REALLY WELL. LEARNING: WORK LEVEL BY LEVEL WITH STRICT SL (STOPLOSS) AND MAXIMISE PROFIT USING TRAILING SL. BANK NIFTY SCORECARD DATED 06/OCT/2022 BANK NIFTY IS UP BY 173 POINTS Name Price Previous Day Change % Change Bank Nifty 39283 39110 172.80 0.44% India VIX 19.32 19.57 -0.25 -1.30% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 1448900, CE LTP: 207) Max OI (Puts) 38500 (Open Interest: 1195050, PE LTP: 180.45) PCR 0.87 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Shall we continue to look for buy on dips opportunity at support levels & sell on rise near resistance levels with strict SL????? Yes, I think so in case we get quality trading setup in either direction. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
2