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 consult your financial advisor before trading.
BANK NIFTY
Bank Nifty is further up by 341 points. Bank Nifty is looking good & closed above 20 EMA , VWAP level near day’s high. Once again, we had a highly volatile day. PCR shifted up from 0.90 to 1.08 which is now back in bullish zone.
Highest open interest on call side at 40000 (Remained same as yesterday)
Highest open interest on put side at 38000 (Shifted down from 38500 to 38000)
NIFTY
Nifty is slightly up by 27 points. Nifty closed above 20 EMA , VWAP level near day’s high. Once again, we had a highly volatile day. PCR remained flat from 0.83 to 0.84 which is still in bearish zone. Nifty hourly chart has formed flag & pole pattern which is also indicating bearishness in price action on chart.
Highest open interest on call side at 18000 (Same as yesterday)
Highest open interest on put side at 17000 (Shifted down from 17500)
Shall we continue to expect high volatility till outcome of Jackson Hole meeting?
Shall we look for buy on dips and sell on rise opportunities with suitable SL/TSL?
Please do share your comments. Have a happy, healthy & profitable day ahead!
BANK NIFTY
Bank Nifty is further up by 341 points. Bank Nifty is looking good & closed above 20 EMA , VWAP level near day’s high. Once again, we had a highly volatile day. PCR shifted up from 0.90 to 1.08 which is now back in bullish zone.
Highest open interest on call side at 40000 (Remained same as yesterday)
Highest open interest on put side at 38000 (Shifted down from 38500 to 38000)
NIFTY
Nifty is slightly up by 27 points. Nifty closed above 20 EMA , VWAP level near day’s high. Once again, we had a highly volatile day. PCR remained flat from 0.83 to 0.84 which is still in bearish zone. Nifty hourly chart has formed flag & pole pattern which is also indicating bearishness in price action on chart.
Highest open interest on call side at 18000 (Same as yesterday)
Highest open interest on put side at 17000 (Shifted down from 17500)
Shall we continue to expect high volatility till outcome of Jackson Hole meeting?
Shall we look for buy on dips and sell on rise opportunities with suitable SL/TSL?
Please do share your comments. Have a happy, healthy & profitable day ahead!
FIIs (Bearish):
FII bought in cash market for 369 crores and bought in derivative market for 9363 crores. FIIs significantly increased their index & stock future short contracts. FIIs heavily shorted index as well as stock calls & puts. Giving full credit to FIIs for last hour fall.
DIIs (Bullish):
DII sold in cash for -322 Crores. DIIs have also significantly reduced their positions in index and stock futures, index put long contracts, stock futures and stock call short contracts.
PRO (Bullish):
Pro traders have significantly reduced their positions in index future & options & stock future & options long as well short contracts.
CLIENT (Bullish):
Retails traders have also significantly reduced their positions in index future & options & stock future & options long as well short contracts.