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
Nifty closed near day's high above 20 & 50 EMA and VWAP level. Today, we had a highly volatile day. PCR (1.2) is in bullish zone. Indix VIX (17.35) down by -1.85%.
Highest open interest on call side at 18000
Hifty highest open interest on put side at 17000
FIIs did cash selling of -1706 Crores. Reduced derivative long positions significantly. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Surprisingly, retail traders switched to long side today.
Dow Jones and Nasdaq flat at this point of time. Please do review closing Index data for tomorrow's trade.
Is correction due now after strong unidirectional rally?
Shall we start looking for sell on rise opportunities or continue to look for buy on dips opportunity with strict stoploss?
PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP.
Have a happy, healthy & profitable day ahead!
Nifty closed near day's high above 20 & 50 EMA and VWAP level. Today, we had a highly volatile day. PCR (1.2) is in bullish zone. Indix VIX (17.35) down by -1.85%.
Highest open interest on call side at 18000
Hifty highest open interest on put side at 17000
FIIs did cash selling of -1706 Crores. Reduced derivative long positions significantly. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Surprisingly, retail traders switched to long side today.
Dow Jones and Nasdaq flat at this point of time. Please do review closing Index data for tomorrow's trade.
Is correction due now after strong unidirectional rally?
Shall we start looking for sell on rise opportunities or continue to look for buy on dips opportunity with strict stoploss?
PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP.
Have a happy, healthy & profitable day ahead!