I've marked the zones.
Bullish Bias till this month's expiry - but we don't know anything the path index will take to make a short-term high or ATH. So, if you're a futures player, continue to hold the futures with a SL of 18096.
Friday, the index closed at 18349.7 - and this is just below 18350.6 the high made on 18th Jan. On Monday, watch if this level acts as a resistance on daily time frame
US Mid term results, FTX Crypto Collapse - Not sure it will impact mainstream markets and ours in particular, watch how Nikkei reacts in the morning for clues
Between 18096 and 18600, there are many supply zones, and demand zones right now - Use each of the marked level to book partial/full profit on both sides
This is neither a recommendation nor a prediction - use your judgement. keep a stop loss.
Good luck!
Bullish Bias till this month's expiry - but we don't know anything the path index will take to make a short-term high or ATH. So, if you're a futures player, continue to hold the futures with a SL of 18096.
Friday, the index closed at 18349.7 - and this is just below 18350.6 the high made on 18th Jan. On Monday, watch if this level acts as a resistance on daily time frame
US Mid term results, FTX Crypto Collapse - Not sure it will impact mainstream markets and ours in particular, watch how Nikkei reacts in the morning for clues
Between 18096 and 18600, there are many supply zones, and demand zones right now - Use each of the marked level to book partial/full profit on both sides
This is neither a recommendation nor a prediction - use your judgement. keep a stop loss.
Good luck!
Comment:
1 Hr candle strategically closed at 18351.2
Comment:
2 Hr candle closed at 17345.85 - also in the red zone
Short - stop loss 18387.5
Short - stop loss 18387.5
Comment:
Strange Stuff going on
CMP: 18334
18350 CE - 93 (out of money)
18350 PE - 88 (in the money)
CMP: 18334
18350 CE - 93 (out of money)
18350 PE - 88 (in the money)
Comment:
Is this natural?
or
is someone 'managing' the prices here??
demand supply bs ???
or
is someone 'managing' the prices here??
demand supply bs ???
Comment:
Hold your shorts - Nifty to move towards 18300
Comment:
Stupidity Continues..
CMP: 18341
18350 PE - 78 (in the money)
18350 CE - 100 (out of money)
CMP: 18341
18350 PE - 78 (in the money)
18350 CE - 100 (out of money)
Comment:
CMP: 18350
18350 PE - 70 (At the money)
18350 CE - 109 (At the money)
Will prices never catch up?
18350 PE - 70 (At the money)
18350 CE - 109 (At the money)
Will prices never catch up?
Comment:
Closing thoughts:
Marked levels worked beautifully.
18315/18318 level - This is the support for now
I was ranting about the 'management' / 'manipulation' of option prices - i guess we will just have live with it. The prices did finally catch up, but it's unfair
PCR - entered '<1' zone in the day
Large amount of 18300 calls were sold on Friday, as well as today morning - many of them are covered by the EOD
For tomorrow,
if the index
1. opens gap up - consider shorting as the index stays below 18387.5
2. opens gap down - consider going long, as long as the index stays above 18252-18288 zone
3. opens flat - watch and trade. you'll get opportunities on both sides
Remember, that till this month's expiry, index is expected to trend up(bullish bias). So, even if you short, make sure to book profit, and get ready to go long.
Marked levels worked beautifully.
18315/18318 level - This is the support for now
I was ranting about the 'management' / 'manipulation' of option prices - i guess we will just have live with it. The prices did finally catch up, but it's unfair
PCR - entered '<1' zone in the day
Large amount of 18300 calls were sold on Friday, as well as today morning - many of them are covered by the EOD
For tomorrow,
if the index
1. opens gap up - consider shorting as the index stays below 18387.5
2. opens gap down - consider going long, as long as the index stays above 18252-18288 zone
3. opens flat - watch and trade. you'll get opportunities on both sides
Remember, that till this month's expiry, index is expected to trend up(bullish bias). So, even if you short, make sure to book profit, and get ready to go long.