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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Indix VIX further jumped up by 4.12% from 18.29 to 19.04. Dow Jones is down 494 points and Nasdaq is down by 287 points at this point of time. Please do check closing data for tomorrow's trading reference. US DOLLAR INDEX has up beyond 108 level and continuous weakness in Rupee is certainly not a good sign for Indian market.
Nifty closed below 20 EMA and VWAP level. We had a highly volatile day. PCR shifted down to 0.6 which is clearly in bearish zone now. Today also selling was quite sharp .
Highest open interest on call side at 18000.
Highest open interest on put side at 17000.
FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS:
FIIs ( Bearish ):
FII sold in cash market for -454 crores and bought in derivative market contract for 3319 crores (please do continue to read about whether they bought calls to add new long positions or bought puts to add more short positions in the system). FIIs significantly reduced their long as well as short contract in Index future and added short stock future contracts. FIIs took long positions in calls. FIIs significantly added two times PUT long positions in Index compare to short positions. FIIs are heavily short in stock futures and hedged their positions using call & put options.
DIIs (Mild Bullish ):
DII sold in cash for -85 Crores. DIIs have reduced their positions in Index & future contracts.
PRO ( Bearish ):
Pro traders have reduced their long index & stock future contracts and heavily wrote call options in index & stocks.
CLIENT ( Bullish ):
Retail traders significantly reduced their long future contract positions in index & stocks. Heavily wrote call options in index, bought puts & calls hedge their position
Overall, shall we continue to expect high volatility for next few days?
Shall we look for sell on rise opportunities based negative cues? or
Is market is taking few steps back for bigger move towards all time high?
We are getting close to important support level . Please do watch it carefully to avoid getting into bears trap at lower levels & bulls trap on bounces.
PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY WITH STRICT SL (STOP LOSS) & MAXIMISE YOUR PROFIT USING TRAILING SL.
Have a happy, healthy & profitable day ahead!
Indix VIX further jumped up by 4.12% from 18.29 to 19.04. Dow Jones is down 494 points and Nasdaq is down by 287 points at this point of time. Please do check closing data for tomorrow's trading reference. US DOLLAR INDEX has up beyond 108 level and continuous weakness in Rupee is certainly not a good sign for Indian market.
Nifty closed below 20 EMA and VWAP level. We had a highly volatile day. PCR shifted down to 0.6 which is clearly in bearish zone now. Today also selling was quite sharp .
Highest open interest on call side at 18000.
Highest open interest on put side at 17000.
FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS:
FIIs ( Bearish ):
FII sold in cash market for -454 crores and bought in derivative market contract for 3319 crores (please do continue to read about whether they bought calls to add new long positions or bought puts to add more short positions in the system). FIIs significantly reduced their long as well as short contract in Index future and added short stock future contracts. FIIs took long positions in calls. FIIs significantly added two times PUT long positions in Index compare to short positions. FIIs are heavily short in stock futures and hedged their positions using call & put options.
DIIs (Mild Bullish ):
DII sold in cash for -85 Crores. DIIs have reduced their positions in Index & future contracts.
PRO ( Bearish ):
Pro traders have reduced their long index & stock future contracts and heavily wrote call options in index & stocks.
CLIENT ( Bullish ):
Retail traders significantly reduced their long future contract positions in index & stocks. Heavily wrote call options in index, bought puts & calls hedge their position
Overall, shall we continue to expect high volatility for next few days?
Shall we look for sell on rise opportunities based negative cues? or
Is market is taking few steps back for bigger move towards all time high?
We are getting close to important support level . Please do watch it carefully to avoid getting into bears trap at lower levels & bulls trap on bounces.
PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY WITH STRICT SL (STOP LOSS) & MAXIMISE YOUR PROFIT USING TRAILING SL.
Have a happy, healthy & profitable day ahead!