Nifty: Important levels for trade day 18 April 2023
In previous post
One of the 3 important levels given on the downside was 17708. Nifty closed the day at 17706.85
Also had suggested the blue zone may act as Support zone for Nifty in April series.
Despite poor reaction to Infy numbers, Nifty has managed to take support in the blue zone. It recovered more than a good 100 points after touching the blue zone. What next…
Let’s see what Data is telling us…
Index Futures
Retail traders added 7833 Long contracts and squared off 6663 Short Contracts
FIIs exited 3406 Long contracts and added 4015 Short Positions
Pro traders exited 5015 Long contracts and added 9027 Short contracts
Index Call Option
Retail traders added 20.64 Lakh Call Long contracts and also added 18.67 Lakh Call Short Contracts
FIIs added 2.89 Lakh Call Long contracts and added 2.72 Lakh Call Short Positions
Pro traders added 4.13 Lakh Call Long contracts and added 6.27 Lakh Call Short contracts
Index Put Option
Retail traders added 12.90 Lakh Put Long contracts and added 12.27 Lakh Put Short Contracts
FIIs added 1.87 Lakh Put Long contracts and added 1.76 Lakh Put Short Positions
Pro traders added 2.88 Lakh Put Long contracts and added 3.63 Lakh Call Short contracts
Overall Put Call Ratio cooled off to 0.99 from 1.31.
Given the chart set up and Data inputs Important levels on Nifty spot for 18th April 2023
Important levels on the upside 17776 / 17804 / 17836
Important level on the downside 17615 / 17584/ 17551
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
One of the 3 important levels given on the downside was 17708. Nifty closed the day at 17706.85
Also had suggested the blue zone may act as Support zone for Nifty in April series.
Despite poor reaction to Infy numbers, Nifty has managed to take support in the blue zone. It recovered more than a good 100 points after touching the blue zone. What next…
Let’s see what Data is telling us…
Index Futures
Retail traders added 7833 Long contracts and squared off 6663 Short Contracts
FIIs exited 3406 Long contracts and added 4015 Short Positions
Pro traders exited 5015 Long contracts and added 9027 Short contracts
Index Call Option
Retail traders added 20.64 Lakh Call Long contracts and also added 18.67 Lakh Call Short Contracts
FIIs added 2.89 Lakh Call Long contracts and added 2.72 Lakh Call Short Positions
Pro traders added 4.13 Lakh Call Long contracts and added 6.27 Lakh Call Short contracts
Index Put Option
Retail traders added 12.90 Lakh Put Long contracts and added 12.27 Lakh Put Short Contracts
FIIs added 1.87 Lakh Put Long contracts and added 1.76 Lakh Put Short Positions
Pro traders added 2.88 Lakh Put Long contracts and added 3.63 Lakh Call Short contracts
Overall Put Call Ratio cooled off to 0.99 from 1.31.
Given the chart set up and Data inputs Important levels on Nifty spot for 18th April 2023
Important levels on the upside 17776 / 17804 / 17836
Important level on the downside 17615 / 17584/ 17551
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.