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Futures & Options data analysis & view for 22 AprilIn our previous post we had mentioned that if Nifty has to go down, it has to break below 20 day EMA in the next 2 days. That is what we have precisely seen. Opening scene of Day 2 – Nifty opens & stays below 20 day EMA throughout the day. We have accordingly suggested a trade in that post during market hours. Let’s analyse the data for the day… FIIs net sold 17.7K Contracts in Index Futures worth Rs 1070.57 Cr Futures data analysis - FIIs added 196 Contracts in Long position and 17.9K Contracts were shorted by them - Retail participants added 9K Long contracts & squared off 1589 short contracts - Pro traders added 3.5K Long contracts & squared off 2.9K short contracts Options data analysis Call option - FIIs bought 5.8K Call options & 7.1K Calls were shorted by them - Retail participants bought 1.07 Lakh Call options & 66.2 K Calls were shorted by them - Pro traders bought 4.2K Lakh Call options & 44.3 K Calls were shorted by them Put option - FIIs bought 3.4K Put options & 4.8K Puts were shorted by them - Retail participants booked profits / exited in 35.6K Puts Long contracts & exited from 26K Put Short contracts - Pro traders added 7.47 K Put Long contracts & squared off 3K Put shorts All in all, retail participants have gone aggressive on the Long side. They are net buyers in Futures and are net Call Long. (They were net Call buyers on 20th April too, suggesting a lot of people might have tried to average their position). FIIs are net short in Futures & keeping it light in options & Pro traders are net buyers in Futures but have balanced their position by adding Call Shorts & net buying some Put options. Important levels on the lower side 8925 / 8868 / 8822 / 8750 Important levels on the upper side 9030 / 9061 / 9118 / 9196 Level of 8860-8874 is very important. ---------------------------------------------------------------------------------------------------------------------------------------------- A note to all my retail friends who are reading and following me - please do not try to average positions in options - Do not enter the trade first and then Hope for things to happen. It's your money. You have to make things happen and YOU CAN... Just Invest some time in learning. All the best & Take care...!!!
NSE:NIFTYShort
by indiamarketoutlook
1
Nifty: Futures data analysis & Chart view In the previous post we had highlighted that FIIs were not playing for the down move and on the downside the zone of 8816-8835 will be very important . Well, Nifty made a low of 8821.90 and recovered from there to close in the green. That’s the power of data and chart analysis for you. So let’s see what we have got today. FIIs were again Net buyers today. 6585 contracts were bought amounting Rs 360.64 Cr FIIs added 4020 Long contracts and reduced their Short position by 3326 contracts. Their Long :: Short ratio now stand at 1 :: 1. Retail clients added 550 Long Contracts and increased their Short positions by 19625 contracts. Their Long :: Short ratio has changed from 1:: 1.12 and now stands at 1 :: 1.32 reflecting that they are turning further bearish. Pro traders squared off 1632 Long contracts & also squared off 6776 Short contracts. As a result their Long :: Short ratio has turned towards neutral zone from 1:: 1.32 to 1:: 1.09 All in all, it can be said that Retail participants are increasing their Short position when FIIs and Pro are turning neutral. Looking at the chart, till the time green line is held, Nifty has higher probability to move towards 9620 levels. ( good risk:: reward ratio ) The red line, for us, is the Laxman Rekha – only if that is broken decisively then we can see resumption of down trend. Like the analysis - u can follow to get regular updates Take care & safe trading!!!
NSE:NIFTYLong
by indiamarketoutlook
5
Big day coming up: 16th April Weekly expirySo, as was suggested Nifty did face resistance at 9185-9233. It opened at 9196 made a high of 9261 and came down to close 68 points in the negative at 8925. Now Will we see the lower end of the range as suggested in previous post...? Link to previous post Let’s see what we have got in our hands today… FIIs were net buyers in Futures. 19.2K contracts were bought worth Rs 1283 Cr. Futures data - FIIs bought 8366 Long Contracts & squared off 10869 Short contracts. - Retail clients squared off 2784 Long contracts & added 8177 Short contracts. - Pro traders added 1063 Long Contracts & added 4408 Short Contracts Option Data Analysis - On the Call option front , FIIs added 10.4K Call Long & created 11.6K Call Short contracts - Retail clients added 1.25 Lakhs Call long & created 80.6K Call Short contracts - Pro traders added 16K Call long & created 59.4K Call Short contracts Activity were seen at 9200 & 9300 Call option in early trade and at 9000 Call option in the last 1 hour. - On the Put option front FIIs bought 10.5 Put Long & an equal 10.5K Put contracts were Shorted by them. - Retail clients bought 40.5K Puts & 28.05K Put contracts were shorted by them. - Pro traders bought 7.25K Puts & 19.75K Put contracts were shorted by them. All in all, despite a positive figure by FIIs, they are still playing a second fiddle role, Pros are happy as their strategy to play for range bound movement worked well in today’s session - Both Calls & Puts closed in negative territory. And now Pro traders don't see much upside tomorrow and Retail participants looked likely to have scrambled for averaging their Call options. Averaging of Options just because price has fallen - it's a risky proposition. Given the setup, Upside looks capped. (Market seldom favors the desperate ) We might be testing the lower range around 8800 as suggested yesterday Resistance 8960 / 9030 / 9072 Important support levels on the lower side 8835 / 8796 / 8758 / 8720 Level of 8816-8835 can be very crucial and needs to be watched carefully. Take care & safe trading....!!! Take care & safe trading…!!!
NSE:NIFTY
by indiamarketoutlook
4
NMDC: Likely heading towards 89 - 93 levelsNMDC Levels are mentioned in the chart. Alternatively one may consider the following F&O strategy Consider selling NMDC 30 April expiry Put option Strike Price: 80 Lot size: 6000 Recommended selling range: 4.5 - 5 (Closing price 5.2) Time frame: 30th April 2020 Max profit potential Rs 27000 - Rs 30000 till 30th April 2020 The strategy has inbuilt loss protection for a fall in price in Equity up to 75.5 - 75 Take care & safe trading...!!! Do hit the Like button and Follow for more trading ideas...
NSE:NMDCLong
by indiamarketoutlook
2
ICICI Bank: Short strangle Trading StrategyICICI Bank CMP 332 Consider a Short strangle strategy in ICIC Bank Consider selling ICICI Bank 30 April 2020 expiry 380 Call option Lot size 1375 CMP 24 & also sell 280 Put Option CMP 23 Max profit potential in the strategy: Rs 64,625 (if ICICI Bank in Cash market closes any where between 280 - 380 on 30 April 2020) In built loss protection in strategy - Losses only if ICICI Bank falls & closes below 233 or goes up and closes above 427 on 30 April 2020 Take care & safe trading...!!!
NSE:ICICIBANK
by indiamarketoutlook
3
Nifty - Long - Swing TradeNifty formed a bullish flag pattern followed by a consolidation before a breakout to reach the top of the flag. Further consolidation was seen in the ~11800-12000 range. Nifty has witnessed a breakout from this range and is thefore expected to resume its upmove to the target of 12775 given the length of the Flag Pole. This is ofcourse going to be a swing trade with positions to be held for several weeks. I will post updates on the trade from time to time. Stop Loss should be maintained at 11800. Target: 12775
NSE:NIFTYLong
by joyesh
2