Nifty: Would Nifty take a breather here...
Nifty
Closing Price 14281
A few days back when Nifty was at 14528, this is the analysis we had done for Nifty...
Nifty has given a 300 point drop from those levels...
Looking at F&O data
Retail participants have continued to be Net Call Buyers and Net Put sellers in Options
FIIs are continuing to book profits in their Index Long positions but no aggressive Short positions are being taken by them so far…
Proprietary traders have used the dip to buy Index Futures and have used Call options to hedge their position.
Maximum Call activity was seen in 14500 Call option and 14600 Call option for 21 Jan 2021 expiry.
And activity in 14400 Call option increased in the last 1 hour of trade.
On the upside 14500-14564 becomes very crucial for Nifty
Majority of Call buyers would be profitable if Nifty closes above 14564 on 21 Jan 2021
Majority of Call sellers would be happy if Nifty closes below 14500 on 21 Jan 2021
Important support levels : 14212 / 14181 / 14158/ 14112
Important levels on the upside : 14340 / 14460 / 14500 / 14564
Possibly Nifty zone of 14158- 14112 may act as crucial support for this week expiry.
Take care & safe trading
Follow for regular updates and trading ideas...!!!
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
Closing Price 14281
A few days back when Nifty was at 14528, this is the analysis we had done for Nifty...
Nifty has given a 300 point drop from those levels...
Looking at F&O data
Retail participants have continued to be Net Call Buyers and Net Put sellers in Options
FIIs are continuing to book profits in their Index Long positions but no aggressive Short positions are being taken by them so far…
Proprietary traders have used the dip to buy Index Futures and have used Call options to hedge their position.
Maximum Call activity was seen in 14500 Call option and 14600 Call option for 21 Jan 2021 expiry.
And activity in 14400 Call option increased in the last 1 hour of trade.
On the upside 14500-14564 becomes very crucial for Nifty
Majority of Call buyers would be profitable if Nifty closes above 14564 on 21 Jan 2021
Majority of Call sellers would be happy if Nifty closes below 14500 on 21 Jan 2021
Important support levels : 14212 / 14181 / 14158/ 14112
Important levels on the upside : 14340 / 14460 / 14500 / 14564
Possibly Nifty zone of 14158- 14112 may act as crucial support for this week expiry.
Take care & safe trading
Follow for regular updates and trading ideas...!!!
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.