Optionchain
Dark cloud cover confirmation: shooting star, what's next?Last week, we saw a huge sell-off, that resulted in the formation of a shooting star. Such a pattern has major implications if it is seen at top of the trend. It depicts sentiment reversal.
Last, to last week we saw a dark cloud formation, now the following candle is a shooting star.
It clearly shows the overall sentiment.
Same thing you would observe if you see, the option chain. Very few positions are carried out for Monday
Calls are being added at an important price level.
17500, 17800, 18000 level
Whereas in the case of puts very few contracts are being added at 17200 and 17000 level
This shows call sellers are in control.
Expecting some short-term reversal from the 17100 to 17200 level, considering support, resistance and Bollinger band.
Bear market expected on 29/12/2021 but still market is supremeBefore every analysis I always look after the option chain data for Banknifty. I went to sensibull and just shocked 😱😱.
Option chain data is showing almost 1544 lakhs contracts were sold in 35000-35500 call options. So a big pressure and that's the reason market can't go up or gives closing above 35500 mark.
Again a bear market 😐😐🙄🙄.
Intraday level is given in this above photo for 29/12/2021
Nifty 50 4-8-2021The Nifty gave a tremendous Gap up opening as I analyzed in the previous post. Now today Nifty 50 is looking bearish as you can see a formation of a Channel and also the PCR is 1 which is Neutral or Bearish. As shown in the picture, there is a major resistance on 16225-16250. But if Nifty opens with a gap down opening be carefully as it can also be a fake move to trap the put buyers or call writers and Make a selling mindset only if Nifty breaks the level of 16000. Or Make a mindset of buying only if Nifty Breaks 16200 and closing above 16250.
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
NIfty BreakdownNifty 50 is not looking good as per option chain data there is heavy writing on 15900 on call side but put side is considerably weak. So keep your puts ready as most probably the nifty 50 can go down after this consolidation..
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
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Bank Nifty 12-7-2021Bank Nifty can be a little bearish which may have an impact on Nifty also but same as nifty it will consolidate between the specified regions. There will be no more particular breakouts. So you can have a short strangle or you can sell a call or buy a put near the specified resistance zone. Or you can buy a call and sell a put near the support zone. Overall as I analyzed before that the Bank Nifty is forming an ascending triangle chart pattern. So overall momentum is still bullish and you can also buy a future of Bank Nifty in this dip.
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
Nifty 50 Bullish Reversal is Expected.In this chart 15 min you can clearly see a Bullish Harami also as an closing candlestick pattern, on 1 day chart my indicators are telling me that we can expect a bullish opening tomorrow i.e. reversal and the trend can change as its been two to three bearish days and today we are seeing a slight hope of reversal. Just one thing that we have to see is that how well or bad the global markets will open today. The global markets will make a great impact on NSE for tomorrow market.
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
Trend analysis for Bank NiftyIt is a chart of Bank Nifty on the 15min timeframe. As you can clearly see that Bank Nifty is making an ascending triangle chart pattern which is a bullish pattern as well as Bank Nifty weekly chart is showing a clear bullish harami. So if you buy weekly options than the trend is definitely positive. But Bank Nifty is quite bearish on the basis of intraday.
PS- Nifty is weak and Bank Nifty can carry it according to the data provided.
*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line, option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.