Futures
INTRA-DAY TRADE IN SHRIRAM TRANS MAY FUT INTRA-DAY TRADE IN SHRIRAM TRANS MAY FUT
BUY@745
STOP@730
TARGET@765
QTY=1800
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
INTRA-DAY TRADE IN HCLTECH MAY FUTINTRA-DAY TRADE IN HCLTECH MAY FUT
BUY@533
STOP@527
TARGET@544
QTY=2800
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
CONDITIONAL INTRADAY TRADE IN ICICI PRU MAY FUTCONDITIONAL INTRADAY TRADE IN ICICI PRU MAY FUT
BUY ABOVE@390
STOP@401
TARGET@384
QTY=3000
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
CONDITIONAL INTRADAY TRADE IN SHRIRAM TRANSPORT MAY FUTCONDITIONAL INTRADAY TRADE IN SHRIRAM TRANSPORT
BUY ABOVE@702
STOP@690
TARGET@718
QTY=1800
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
INTRA-DAY TRADE IN CADILLA MAY FUT INTRA-DAY TRADE IN CADILLA MAY FUT
BUY@338.5
STOP@333
TARGET@345
QTY=4400
RATES ARE AS PER SPOT
PLEASE ADJUST FOR FUTURES
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.
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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...!!!