Dear 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 flat -9 below 50 DMA. Nifty is clearly oversold. As expected, IT stocks start showing sign of recovery from lower levels. Today, Bulls (buy on dips) as well as bears (sell on rise) got the opportunity to trade. However, volatility was quite high. Yesterday, US market closed near 2 year low and today, US markets are trading green. Shall we expect a relief rally/bounce tomorrow?
NIFTY SCORECARD DATED 27/SEP/2022
NIFTY IS DOWN BY -9 POINTS
Name Price Previous Day Change % Change
Nifty 17007 17016 -8.90 -0.05%
India VIX 21.57 21.89 -0.33 -1.48%
OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 8663050)
Max OI (Puts) 16000 (Open Interest: 6248500)
PCR 0.57 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Long Liquidation, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think?
1. Only at higher level after decent pull back from lower levels
2. near major resistance levels
3. near high OI in CE strikes with strict stoploss?
Shall we look for buy on dips opportunity ????? Yes, I think so. What are your views?
1. near major support levels
2. near high OI in PE strikes with strict SL?
However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change.
1. Global cues based on EOD data
2. FIIs/DIIs/Big player cash & F&O data analysis
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NIFTY
Nifty closed flat -9 below 50 DMA. Nifty is clearly oversold. As expected, IT stocks start showing sign of recovery from lower levels. Today, Bulls (buy on dips) as well as bears (sell on rise) got the opportunity to trade. However, volatility was quite high. Yesterday, US market closed near 2 year low and today, US markets are trading green. Shall we expect a relief rally/bounce tomorrow?
NIFTY SCORECARD DATED 27/SEP/2022
NIFTY IS DOWN BY -9 POINTS
Name Price Previous Day Change % Change
Nifty 17007 17016 -8.90 -0.05%
India VIX 21.57 21.89 -0.33 -1.48%
OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 8663050)
Max OI (Puts) 16000 (Open Interest: 6248500)
PCR 0.57 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Long Liquidation, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think?
1. Only at higher level after decent pull back from lower levels
2. near major resistance levels
3. near high OI in CE strikes with strict stoploss?
Shall we look for buy on dips opportunity ????? Yes, I think so. What are your views?
1. near major support levels
2. near high OI in PE strikes with strict SL?
However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change.
1. Global cues based on EOD data
2. FIIs/DIIs/Big player cash & F&O data analysis
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
FIIs: Bearish in cash & Bullish in F&O
FIIs have sold in cash for -2824 Crores and bought in derivatives market for 5983 Crores.
FIIs have added bearish positions in index futures (-11006) and bullish positions in stock futures (21560). Added bullish positions in index call (36979) and bearish positions in index put (27424) options. Reduced positions in stock call & stock put options.
DIIs: Bullish in cash & bearish in F&O
DIIs bought in cash market for 3504.76 Crores. DIIs have added bearish positions in index futures (-1562) and stock futures (-5290). DIIs did profit booking in index put and stock call options.
Pro Traders: Bullish
Pro traders have taken bullish positions in index futures (4351), stock call and stock put options contracts. Significantly, reduced positions in stock futures, index call and index put options.
Retail Traders: Mild Bearish
Retail traders have significantly reduced long as well as short positions in index futures, stock future, stock call and stock put option contracts. They have added bearish positions in index call (-33099) and bullish positions in index put (-23524) option contracts.
Please do review, analyse and share your comments as well. Many thanks for following me on twitter, liking my analysis & retweet. Let us work and win together. Wish you a very happy, healthy & profitable trading day ahead!
Disclaimer: I have analysed the data based on my limited knowledge. I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me for trading as it may lead to financial losses. Please consult your financial advisor before trading.