indiamarketoutlook

Nifty: Trade data break up and analysis

NSE:NIFTY   Nifty 50 Index
Nifty

Futures Data

- Retail participants exited from 197 Index Futures Long Contracts & exited 5.07 Index Futures Short contracts
- FIIs exited 2.53 Index Futures Long Contracts and added 14.38 K Index Futures Short Contracts
- Proprietary traders added 5.93K Index Futures Long contracts and booked profits in 6.50 K Index Futures Short contracts

Call Option
- Retail participants added 4.43 Lakhs Call Long Contracts & added 2.92 Lakh Call Short contracts
- FIIs added 31.46 K Call Long Contracts and added 27.26 K Call Short Contracts
- Proprietary traders added 60.29 K Call Long contracts and added 2.15 Lakh Call Short contracts

Put Option
- Retail participants booked profits in 51.83 K Put Long Contracts & booked losses in 46.32 K Put Short contracts
- FIIs added 14.48 K Put Long Contracts and added 3.48 K Put Short Contracts
- Proprietary traders added 2.43 K Put Long contracts and added 10.86 K Put Short contracts

We observe retail traders actively buying Call Options
FIIs were Net neutral in Call options & Proprietary traders who were Net Index Long but they hedged their position with Net selling Calls Options

Majority of Call buyers would want a close above 14655 to be profitable

Majority of Call sellers, on the other hand, would be happy if Nifty stays below 14585 till 15-April-2021 expiry.

That's the psychological aspect of trade...

PCR is at 0.73

On charts, Nifty has broken below the Laxman Rekha. 14460 zone becomes crucial zone for Nifty

Important levels on the upside : 14460 / 14518 / 14575 / 14655

Important levels on the lower side : 14237 / 14187 / 14121 / 14078


Take care & be safe....


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Comment:
In the above analysis we highlighted the importance of 14460 zone....
See Nifty reverse exactly from those levels.... It made a high of 14449.05 so far


Levels identified with the help of Technical Analysis working to perfection once again....

Still need reasons to Like and Follow...!!!
Comment:
Above 14460 we had highlighted 14575 as next important resistance...

High made today 14566

Do also note the trade data analysis.... call sellers preferring a scenario of Nifty being below 14585 till 15th April and call buyers wanting a close above 14655 to be profitable

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