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Open Interest

Who is Bearish on Indian Market Most ?Thursday evening after seeing rebound in nifty I thought selling is over now we can see "V" shaped recovery but I don' t think this going to happen because of the way FII's shorted the Index. Let's Analyse the Index Future data let's start with retailers who are net buyer today they bought 11,956 index future contracts and cover the 201 shorts and now they hold 2,11,112 Long contracts and 1,30,363 shorts contracts. On the other hand DII's Neither Added Long contracts but covered 3,218 short contracts and now They hold 17,362 Long and 58,215 Shorts. Now let's talk about MARKET MAKERS (The FII) on Friday they not only covered Long but also added shorts. They covered 2,420 Long and added 17,745 short and their position in future index now is 40,493 Longs and 1,04,164 Shorts. Pro's Added 5,480 Long and shorted 690 contracts and now they currently hold 44,372 Longs and 20,597 shorts.
NSE:NIFTY
by VIK00299
Nifty Index will play on Uncharted Zone !!!As communicated earlier that nifty may get into the uncharted Zone, the same has been done in the last few sessions only. Now we do not know the destination of the index. The daily chart is self-explained where the major resistance ( RZ-1)stands between 17200 to 17250. The high probability of reaching that point will be from the 2nd week of Sep 2021 to the 1st week of Nov 2021. If it enters into the High Volatility Zone (HVZ) that probability of going up will decrease to a minimum but once again once it is out of that zone then a different scenario will appear( a study needs to be done there). As per the market scenario, the probability of nifty reaching RZ-2 is very high if it crosses RZ-1 and stands there for some time by the given timelines.
NSE:NIFTYLong
by absu21
Banknifty Bearish move !!The attached chart and the Volume analysis on Banknifty . Banknifty has broken a major diagonal wall of the daily chart downward on 20th July and standing below that. Are we entering into a bear pocket !! The answer will be a little logic-based. Last 3 days there was a good COI buildup happen in the index with a decrease in price, which means SHORT BUILDUP eventually monthly COI also building up with a negative price movement also. So, Short buildup in both the scenario. We can say yes the bank nifty is weak. If we check the price action you will find a sleek demand zone around 34100-33900 . This week's support zone is the only hope of revival of the index as per the data. If that breaks next support zone will be 32170-31900. Now, if the index is sustained at the present range or takes the 1st support then also the journey of Banknifty will not be that smooth because the index will create a top flat channel with an increasing VIX. This analysis is not for trading and only for the information.
NSE:BANKNIFTYShort
by absu21
Nifty arrested in top flat channel ... now what !!!It seems Nifty is trying hard to get on the roof slab but failing every time. twice it tried and failed and hardly in the gap of 20 days (16 sessions). Technically Nifty has created a top flat channel again like last time. It always gains volatility in this channel and creates confusion by developing sub-support zones. Basically, the index tries to create steps to get into the roof because of its failure of Superman's strategy. Now what to be done, Decision can be taken only on the upside breakout but if it breaks downwards then it's once again a failed try of the index. Only a bearish call can be taken if the index creates a lowerlow. So sit tight to enjoy the cinema.
NSE:NIFTY1!
by absu21
Indigo Is in the verge of breaking my Quant Box.In daily and 30 min chart, Indigo has shown a consolidation of COI . Which clears, if it breaks either side and stands then it might give a multi-range target. Please check the chart where I have provided a short-term multi-range target. Another side of the wall of the Quant box will be the Stop Loss. The traders can plan their trade with derivative products also as per their risk. Standard Disclaimer: Please consultant your financial advisor before investing. This report is for training purpose
NSE:INDIGO1!Education
by absu21
TATA Consumer ltd. Quant Box Breakout !This stock is bullish in the daily/weekly/monthly Chart and broken its high after nearly 1.5 months of consolidation. We need to wait to see that RSI should not create any divergence in its bullish move. If the Stock breaks and stands above 720 level then the probable target will be 754/787/819 level in a short-term period. If the Stock breaks and sits below 686 level then the probable target will be 655/622/589 level in a short-term period. So trade safely.
NSE:TATACONSUM1!Long
by absu21
All time high has broken !!! Nifty50NSE:NIFTY Nifty 50 Has broken an all-time high now the question is will it sustain there or get liquidated there only. I have gone much deeper to feel the real momentum of the index whether the trend can be rideable from here or start booking profit from this point. If you go through my previous posts, I have tried to show the approach of a practical mindset which includes more data that we cannot see or feel on the chart but very much effective to decide the probability of the trend or direction along with the momentum. Now let's come towards Nifty50 current status. The index has given a breakout with a positive cumulative volume. If we go through the open interest data of the past one week, that the preparation of breaking the last highest point has triggered from a week back only, but the price-volume analysis of the last 2 months has shown that smart traders are still in the buying mood. It is very important that the index must trade above the 15385 to15432 range to keep this momentum up. It was very important for the Nifty index to come out from the Top Flat channel (TFC) and which has done perfectly. You may have seen that India VIX has also substantially decreased immediately after breaking the TFC. So, as per data and the sentiment analysis, I can see there is a probability Nifty to touch the 16000 levels very soon. But if it breaks the 15385 levels then the 15000 levels could be the major support zone, and once again top flat situation may arise with higher volatility. So trade safely... and let me know your views also...
NSE:NIFTYLong
by absu21
Nifty 50 towards all time high...In this analysis, we will try to understand the sustainability of the index towards this uptrend. As per my previous analysis, nifty50 has taken the support of the sub- support zone and gained strength near about entier month of April 21 and in the month of May 21 once again it has broken S1 and moved firmly upward and at last given a breakout by breaking Brothers Candle with the strong green pillar on it. On the other side, RSI is also in a positive mood where it continuously adding +ve Beta's with every percentage move of the asset upwards. Overall it is a bullish scenario in this daily chart. Now once again there is a question of worry is there... Where is the glitch! The open interest Analysis showing COI is decreasing with the increasing sets of the price which means in the coming days is increasing in the volume in index trading is very much required else the price action will fail. I can see the probability of touching 15432 ie.R1 is high but only the +ve volume support can create this move sustainable.
NSE:NIFTY
by absu21
Ashok leyland Future Short buildupAshok Leyland Future is on the bearish horizon. It has already stood below the entry-level (130.85) there is a high probability to reach Target(110.85) Entire analysis has done on the basis of quantitative analysis with considering other important data points and statics. Please honour the SL(139.4) in case of upwards move. Entire data analysis was done on EOD basis. So let a positive candle stand above the buy line and execute on the pullback. Note: This information is for educational purpose
NSE:ASHOKLEY1!Short
by absu21
BANKNIFTY DOWN TREND ANALYSISSince Friday, the market has been trending downwards. Today, we seemed to have taken a pause and made an inside candle on the daily chart . Some key points from today's trade were, Bank Nifty closed below the key support of 35,000. There was large PUT open interest @ 35,000 which seemed to reduce drastically towards the end of the day. The market retraced upwards but was unable to re-test the 50% retracement level @ 35,550, keeping the downtrend intact. Considering that the market breaks the swing low @ 34,450 and moves lower, there is a very high probability that we could move considerably lower towards 32,800. This is presenting an excellent risk reward situation to take trades on the short side. If the market opens with a gap up, the down move may not come tomorrow as there will strong support @ 35,000 which maybe difficult to break. Hence, the best case situation for short trades will be that the market either opens flat and continues moving lower, or it gaps down below 34,400 and moves lower without a near by support in sight. These are my personal views and I reserve the right to be wrong. Like and follow, if you found this helpful. :)
NSE:BANKNIFTYShort
by ArcherDAVIS