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Pivot Points

Midnifty Intraday Analysis for 5th April 2024NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 12.22 Lakh is at 10800 strike followed by 9.64 Lakh at 10900 Strike and Put writing of 14.01 Lakh at 10700 Strike followed by 13.30 Lakh at 10800 Strike. Index is closed above support level of 10800. As the more put writing is building up at 10800 strike the support level is shifting up with big support near 10600 - 10700 level. Index is expected to trade between 10700 - 10925 level. If Index is down near 10700 level and Call position building up at 10700 and 10800 strike then index will bounce to resistance near 10925 level. If Index goes near 10925 level and Call position building up at 10900 strike then index will retrace to 10800 level and if Call position unwinding takes place at 10900 level then index will go near 11000 level.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Finnifty Intraday Analysis for 5th April 2024NSE:CNXFINANCE Maximum Call writing is at 21400 strike with 5.76 Lakh followed by 5.23 Lakh Call at 21500 Strike. Maximum Put writing is at 9.59 Lakh at 21000 strike followed by 8.56 Put writing at 21100 Strike. As the Option writing is widening up, the trade range is also widening between 21000 - 21100 support and resistance near 21600 - 21630 level. If index crossed above 21455 level and unwinding of Call positions at 10400 strike taking place then index may reach near 10600 - 10630 level. Su [port is near 21225 level. If Index fall below 21225 level and unwinding of Put option taking place at 21300 and 21200 strike then index may go near 21070 support level which is unlikely situation.
NSE:CNXFINANCELong
by RKMAURYA
Banknifty Intraday Analysis for 5th April 2024NSE:BANKNIFTY Highest Combined Call and Put writing at 48000 strike with 19.88 Lakh Call and 18.88 Lakh Put writing. 2nd highest Call writing of 12.79 Lakh at 48500 strike and Put writing of 16.57 Lakh at 47500 strike. The Support level is shifting up. If Index crosses 48250 and sustain then it may go near near All Time High (ATH) resistance near 48600 level. Trailing SL near 47900. If Index down below 48000 and Unwinding of Put Option taking place at 48000 level then index may go near 47750 then 47500 level. This scenario is less likely but anything can happen.
NSE:BANKNIFTYLong
by RKMAURYA
Nifty Intraday Analysis for 5th April 2024NSE:NIFTY Highest Call and Put writing is at 22500 strike with 35.99 Lakh and 35.36 Lakh Put. 2nd highest Call writing of 30.43 Lakh at 22600 Strike and Put writing of 29.31 Lakh at 22300 strike. As Index has touched nea All Time High (ATH), Index may face resistance near 22625 level and if it crosse the resistance sustain with unwinding of Call at 10500 and 10600 strike then may touch 22700 - 22730 level. Index has support near 22300 level. If Index down below 22500 level but Put writing at 22500 level is building up then index will bounce back to ATH resistance level.
NSE:NIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 4th April 2024NSE:CNXFINANCE Maximum Call and Put writing is at 21200 strike with 3.79 Lakh Call and 4.74 Lakh Put. Second Highest Call writing of 3.68 Lakh at 21300 Strike and Put writing of 3.88 Lakh at 21000 Strike. Index is expected to trade in the range between 21070 - 21330 range. Contra trade may be initiated when index mode in either support or resistance zone. Big move expected if index more above 21340 and Call unwinding takes place at 21200 strike then index may touch 21500 level. Index has support near 21050 level. Long position may be initiated if Index touch near support.
NSE:CNXFINANCE
by RKMAURYA
Nifty Intraday Analysis for 4th April 2024NSE:NIFTY Highest Call writing building up at 22500 strike with 131.52 Lakh and highest Put writing at 22100 strike with 90.30 Lakh. Index is unlikely to cross above 22525 level in the current weekly expiry and trade between 22300 - 22525 range. Contra short position may be initiated if Index reaches near 22525 level and Call writing increases at 22500 Strike. If Call unwinding takes place at 22500 strike if index crosses 22525 then index may touch 22600 level on the expiry day. If Index down below 22380 then may reach to 22300 level and contra Long position may be initiated near 22300 level.
NSE:NIFTY
by RKMAURYA
Midnifty Intraday Analysis for 3rd April 2024NSE:NIFTY_MID_SELECT Maximum Call writing of 7.72 Lakh is at 10800 strike followed by 6.50 Lakh at 10700 Strike and Put writing of 11..05 Lakh at 10700 Strike followed by 8.51 Lakh at 1600 Strike. Index is closed above support level of 10730. Index is expected to trade between 10700 - 10880 level with resistance near 10800 level. If Index is crossing above 10800 level and Call unwinding taking place at 10800 strike then the index may move near 10880 level. Trailing Stop Loss 10750. Contra Long position may be initiated if Index comes near 10700 level with Trailing Stop Loss 10680.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Finnifty Intraday Analysis for 3rd April 2024NSE:CNXFINANCE Maximum combined Call and Put writing is at 21200 strike with 2.80 Lakh Call and 2.44 Lakh Put. Second Highest Call writing of 2.54 Lakh at 21500 Strike and Put writing of 1.07 Lakh at 21000 Strike. Index is expected to trade in the range between 21070 - 21330 range. Contra trade may be initiated when index mode in either support or resistance zone. Big move expected if index more above 21340 and Call unwinding takes place at 21200 strike then index may touch 21500 level. Index has support near 21050 level. Long position may be initiated if Index touch near support.
NSE:CNXFINANCELong
by RKMAURYA
Nifty Intraday Analysis for 3rd April 2024NSE:NIFTY Highest Call writing at 22500 strike with 99.28 Lakh and highest Put writing at 22300 strike with 62.67 Lakh. Index is unlikely to cross above 22525 level in the current weekly expiry and trade between 22300 - 22525 range. Contra short position may be initiated if Index reaches near 22525 level and Call writing increases at 22500 Strike. If Index down below 22380 then may reach to 22300 level and contra Long position may be initiated anear 22300 level. If index crosses above 22525 level and Call unwinding takes place at 22500 Strike then may reach near 22600 level which is unlikely situation in the balance 2 days of the weekly expiry.
NSE:NIFTY
by RKMAURYA
Nifty Intraday Analysis for 2nd April 2024NSE:NIFTY Highest combined Call and Put writing at 22500 strike with 76.75 Lakh Call and 51.18 Lakh Put writing. 2nd Highest Call writing at 22700 strike and Put writing at 56.90 Lakh at 22300 Strike. If Index crosses 22525 level and sustain the index may go to 22600 level and 22700 level. Trailing Stop Loss near 22400 level. If index goes down below 22400 then it may touch 22300 level then contra Long position may be initiated for 22525 level then 22600 then 22700 level. It is unlikely that the Index fall below 22300 level, even if does then the support is near 22200 level.
NSE:NIFTYLong
by RKMAURYA
GRINFRA Near BO [Weekly]GRINFRA is near a large weekly base BO of 85+ weeks and recently broke out of a small weekly base of 34ish weeks. Feels strong and following is the RS score timeline as well : 7th Mar - 28 15th Mar - 32 22nd Mar - 40 28th Mar - 44 Today - 52 We can clearly notice the stock slowly gaining momentum to outperform other stocks in the market. Its now outperforming more than 50% of stocks in NSE 750 universe. Will seek to add at the large base BO or if I get entry near the 34 base BO again with a tight SL.
NSE:GRINFRA
by HawkishDove
Banknifty Intraday Analysis for 1st April 2024NSE:BANKNIFTY Highest Call writing at 47500 strike with 20.14 Lakh Contract and maximum Put writing at 47000 strike with 18.64 Lakh Contract. If Index open near47000 and Put writing is increasing at 47000 level then Long position initiated for a target near 47500 level. If Index open below 47000 and Put contract unwinding taking place at 47000 strike then short position is to be initiated for a target near 46600 level. This scenario is less likely to happen.
NSE:BANKNIFTY
by RKMAURYA
Nifty Intraday Analysis for 1st April 2024NSE:NIFTY Highest Call writing at 22500 strike with 42.86 Lakh Contract followed by 29.58 Lakh Call writing at 22600 strike and maximum Put writing at 22000 strike with 42.93 Lakh Contract followed by 33.85 Lakh Put writing at 22300 strike. If Index open near 22200 - 22100 and Put writing is increasing at 22300 and 22200 level then Long position may be initiated for a target near 22500 level. If the Call is started unwiding at index approaches 22500 level then All Time High level will be breached otherwise index will retrace again from the ATH resistance zone. If Index open near 22200 - 22100 and Put writing is decreasing at 22300 and 22200 level then Short position may be initiated for a target near 22000 level. This scenario is less likely to happen.
NSE:NIFTYLong
by RKMAURYA
HAVELLS Long base BO [WEEKLY]Should have caught this sooner, but now that I notice, HAVELLS broke out of a long range BO on weekly timeframe and this week due to volatility is pulling back a bit, one might think its a chance to get in so thought of sharing a few RS scores as well to help anyone consider that thought: 16th Feb - 27 23rd Feb - 30 1st Mar - 36 Today - 41 So the RS scores have been on an upwards slope for the past 4 weeks which is a positive point. But RS score is still on the lower side which can be taken on the side of caution. For people who like Long base breakouts, one can think of taking a position here seeing the upwards slope on RS score. Recommendation would be to take a SL here as per your comfort seeing the RS score is not too good (ideally 80 is what I look for, but rarely do we get that sort of a position).
NSE:HAVELLS
by HawkishDove
SAPPHIRE BO [Weekly]SAPPHIRE breaking out of a large weekly base this week. In addition it also came in the screener for upwards sloping RS values. Following are the RS scores for the past 4 weeks close: 1st Mar - 27 7th Mar - 28 15th Mar - 35 22nd Mar - 46 Although the RS score is not quite healthy, but in a market like this a large weekly base cannot be ignored as the stock is showing strength when most are not. I'll personally track this and see if this gives an entry when market breadth and overall conditions improve.
NSE:SAPPHIRE
by HawkishDove