Supports: 6000, 5940, 5850, 5750 Resistance: 6080, 6150, 6275 OI Data: Max Calls are in 6500 (9.2K). Then 6200 (5K) Max Puts are in 6000 (3.7K) Overall, sideways, in the consolidation.
Supports: 6300, 6250, 6050 Resistance: 6400, 6500, 6650, 6775 OI Data: From 6400 to 6600: 13K calls are sitting. Definitely bearish. 6500 has 5.2K calls sitting. Max PUT (hence support) is at: 6000. So the level has shifted downward .. 6500-6000.
Levels: Support: 6500, 6350, 6250, 6050 Resistance: 6650, 6780 OI Data (15th Dec Expiry): Nearest Major Resistance in Crude per OI data: 6600 (2.3K), 6700 (2.5K) Nearest Major Support in Crude per IO data: 6500 (2.4K), 6400 (2K) Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and...
Supports: 6500 (Very Important - Fib 61.8%), 6325-6350, 6200, 6075 Resistance: 6650-6680 (Very Important - Fib 78%), 6775-6800 OI Data: Call OI Changes: 6600(2.2K), 6700(2.5K), 6800 (2K), 7000(5.6K) PUT OI Changes: 6500 (3.2K), 6400 (2.6K), 6200 (2K) So from OI perspective, this Option Strategy shall work for 15th Dec Expiry: Strategy: Iron Condor (range...
Supports: 6500, 6325 Resistance: 6680, 6750 15th Dec Expiry OI Data Point: Major Call writing are in: 6800 : 2K 7000: 6.5K 7100: 2K Major Put writings are in: 6600: 1680 6500: 3400
CrudeOil is Range bound. Why? See the OI Data: CMP: 6520. From 6600 to 7000 -> 16K Call writings. In 6500: 3.2K Put In 6400: 3.1L Put Now Technical Levels: Support: 6400, 6325, 6200 Resistance: 6550, 6675, 6750, 6875. Long Trade only above: 6600 (if sustains above for 15m) Short only below: 6325.
Major Supports: 6415, 6350, 6080 Major Resistance: 6550, 6700, 6760 OI Data: There are huge call writing for Dec-15 expiry: 6500: 3.3K 6600: 2.2K 6700: 2.2K 6800: 2K So from 6500 to 6800, there are 10K calls writing happens for Dec expiry. And Put? - 6400 is the major support of 2K Puts. High resistance it's going to face. Sell on rise strategy.
Levels: Support: 6350, 6200 Resistance: 6500, 6700, 6850 As per OI Data, the max Call & Put writings are seen in 6500 (3800 and 1700). So, 6500 is the crutial level. Trade plan: Once price test higher level in between 6440/6470/6550, we can just wait to short with a SL of 6550. Around 6250/6200 level we can try some longs. But overall bearish.
MCX Evening Session Crude Oil level. Supports: 6350, 6200 Resistances: 6700, 6850, 7100. Overall it's range bound. From OI perspective (15th Dec Expiry): 1. Max Call writings (Resistance) are in 6700 (2882 contracts). 2. Max Put writings (Support): 6500 (1850)
In Daily chart it is creating a M pattern, tested the low of M as in 6200 in today's session. and Nice bounce from there. Now it's consolidating aorund 6600 level after a sharp move. If 6600 level can be behold, buy 6600 Call with the SL of 6550 for a target of 6750/6900 in coming sessions (a day or two). If it can not hold 6600, buy 6600 Put with SL of 6650,...
Is MCX crude oil downtrend a trap? According to the Elliott Wave analysis on the crude oil daily chart, it has completed wave (4) and trying to move out from the Parallel channel’s (PC) control line (CL). If that successfully remains above CL, crude oil prices will hike from CL to the resistance line of the PC. That’s a direct call for target levels of 7800 –...
Natural Gas Chart Looking Bearish as appeared in chart
1. Clear uptrend with good momentum buildup. 2. Buy on dips. 3. 7500 strikes (16th Nov) has max OI (~5k) - call + put 4. 7600 strikes (16th Nov) has next OI (2800) - call + put. 5. So it is quite expected to stay range bound (7450-7650).
Levels: Support: 7180-7160, 7120, 7000 (Solid Support, even in OI data) Resistance: 7250-7275, 7300, 7400. OI Data (16th Nov Expiry): Highest OI Call in Crude per OI data: 7500 Highest OI Put in Crude per IO data: 6500 Nearest Major Resistance in Crude per OI data: 7300 Nearest Major Support in Crude per IO data: 7000 Trade setup: 1. Still by-and-large...
Crude levels for evening session: ------------------------------------------------------- (Just sharing screen with levels - did not checked OI data). If it goes above the red uptrendline ~7400 level, it will be bullish for sure. Below 7125-7150 has good support. Mota mota: 7100-7400 level for today.
#Crude Short (28 Oct) RSI-34 Sell at CMP- 7238 SL- 7342 Target- 7132, 7075 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. #mcx #commodities #commodity
Levels: Support: 7180, 7120, 7120, 7020 Resistance: 7290-7300, 7360-7400. OI Data (16th Nov Expiry): Highest OI Call in Crude per OI data: 7500 Highest OI Put in Crude per IO data: 6500 Nearest Major Resistance in Crude per OI data: 7300 (1370 OI with 16% addition y'day) Nearest Major Support in Crude per IO data: 7000 (2615 OI with 25% addition y'day) ...
Levels: Support: 7000, 6900, 6775 Resistance: 7100, 7150, 7220, 7275 OI Data (16th Nov expiry): Highest OI Call in Crude per OI data: 7500 Highest OI Put in Crude per IO data: 6500 Nearest Major Resistance in Crude per OI data: 7000 Nearest Major Support in Crude per IO data: 7000 (These 7000 levels seem very important from crude, it has total 3600 OI...