Dear 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.
FIIs bought in cash market for 1145 crores and bought in F&O for 1642 crores (what they bought? In reality they have shorted calls & bought puts which means they are actually bearish only). DIIs also bought in cash market for 633 crores. FIIs reduced long positions in Index future & stock future contracts and added short positions in index call & stock call options & long positions in index put & stock put stock put options. Today, FIIs are bearish in all types of contracts.
DIIs are also bearish in all types of contracts. Pro traders followed balanced approach. Pro traders have added long contracts in Index future, stock future & hedged their future contract positions using option contracts. Retail traders have added long positions in all types of contracts. If market goes down & break any major support, then it may create panic selling situation for retail traders. May God save retail traders.
BANK NIFTY
Bank Nifty is down by -139.25 points. Bank Nifty offered opportunities to both bulls as well as bears. PCR shifted down from 1.2 (bullish zone) to 0.91 (bearish zone).
Highest open interest on call side at 40000 (Remained at same level)
Highest open interest on put side at 39000 (Shifted up from 38000 to 39000)
NIFTY
Nifty is down by just -10.2 points. PCR shifted down from 1.07 (bullish zone) to 0.87 (bearish zone). Nifty traded in both the directions. SL & TSL hitting day for majority of the retail traders. Nifty is slowly getting ready for breaking the range on either side.
Highest open interest on call side at 17800 (Shifted down from 18000 to 17800)
Highest open interest on put side at 17000 (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!
FIIs bought in cash market for 1145 crores and bought in F&O for 1642 crores (what they bought? In reality they have shorted calls & bought puts which means they are actually bearish only). DIIs also bought in cash market for 633 crores. FIIs reduced long positions in Index future & stock future contracts and added short positions in index call & stock call options & long positions in index put & stock put stock put options. Today, FIIs are bearish in all types of contracts.
DIIs are also bearish in all types of contracts. Pro traders followed balanced approach. Pro traders have added long contracts in Index future, stock future & hedged their future contract positions using option contracts. Retail traders have added long positions in all types of contracts. If market goes down & break any major support, then it may create panic selling situation for retail traders. May God save retail traders.
BANK NIFTY
Bank Nifty is down by -139.25 points. Bank Nifty offered opportunities to both bulls as well as bears. PCR shifted down from 1.2 (bullish zone) to 0.91 (bearish zone).
Highest open interest on call side at 40000 (Remained at same level)
Highest open interest on put side at 39000 (Shifted up from 38000 to 39000)
NIFTY
Nifty is down by just -10.2 points. PCR shifted down from 1.07 (bullish zone) to 0.87 (bearish zone). Nifty traded in both the directions. SL & TSL hitting day for majority of the retail traders. Nifty is slowly getting ready for breaking the range on either side.
Highest open interest on call side at 17800 (Shifted down from 18000 to 17800)
Highest open interest on put side at 17000 (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!