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Nifty Future-Resistance and Support LinesIn Nifty Future the resistance and support lines are working fantastically. The main support line which is touched three times and is respected so far. The line A which is a horizontal resistance line and later turned into a support line. The line B a channel line which first acted as a resistance line but later turned into a support line. Until the main support line is broken decisively the trend is bullish.
Nifty: Trade data analysis and important support and resistanceThe red zone line drawn in our December 15, 2020 analysis report provided perfect. Is it a one off fall or Would Nifty fall further
Let us look at what F&O trade data has in store for us
FIIs Net sold 3133 contracts worth Rs 264.93 Cr
Futures Data
- Retail participants squared off 20.76 K Long Contracts & squared off 5.62 K Short contracts
- FIIs squared off 1.25 K Long Contracts and added 1.88 K Short Contracts
- Pro traders added 15.06 K Long contracts and squared off 1.08 K Short contracts
Call Option
- Retail participants added 3.79 Lakh Call Long Contracts & added 2.37 Lakh Short contracts
- FIIs added 39.33 K Call Long Contracts and added 52.86 K Call Short Contracts
- Pro traders added 58.55 K Call Long contracts and added 1.86 Lakh Short contracts
Put Option
- Retail participants squared off 1.55 Lakh Put Long Contracts & exited from 90.53 K Put Short contracts
- FIIs added 37.30 K Put Long Contracts and added 12.70 K Short Contracts
- Pro traders added 3.29 K Put Long contracts and exited from 33.68K Put Short contracts
Put Call ratio is at 0.92
Today’s trade saw Retail Participants unwinding their Long Positions in general are Net Short 0.79 Long Position for every 1 Short Contract,
FIIs have not done any major activity today in Index Futures front and still Net Long in the ratio of 2.06 :: 1. So we might have to wait and see what they are up to...
Proprietary traders looks likely to have used today’s dip to go Long in Index Futures.
Digging deeper into the data
We see Bank Nifty Open Interest rising by 15.97% and Nifty Open Interest reducing by 9.22%.
So Unwinding in Long position by Retail participants looks likely to have happened in Nifty Futures. Proprietary Buying looks likely to have happened in Bank Nifty.
Major Call option activity in Nifty happened in 13600 & 13700 Call option
Important resistance levels on the upside
13458 / 13530 / 13583 / 13674
Support seen at
13215 / 13151 / 13050
Prima facie Data Analysis suggests that major Call Option buyers would break even only if Nifty closes above 13674 on December 24, 2020. Major Call Option sellers would be happy if Nifty closes below 13583 on December 24, 2020.
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Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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Nifty Trade data analysis for trade decision making -Oct 12 2022Nifty
Retail traders had a bet neutral addition in Index Futures and in Options had a net positive bias
FIIs added more on the Short side in Index Futures and in Options had a net negative bias
Proprietary traders added Long in Index Futures but have hedged it using Options
Before taking any trade decision today Important pointers
PCR is at 0.72
Since PCR is in oversold region Fresh shorts might be risky and should be done near resistance levels.
Watch out for 17096 odd levels in Nifty futures. That would decide whether we see short covering rally or whether bounce fizzles out
Majority of Weekly Call Option buyers of yesterday are trapped now and might require a Nifty close above 17280 by 13 Oct
So understand the psychology of traders and take decision wisely
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty Bank & Bank nifty future: Peak time difference -400In bullish market generally Bank nifty future trades higher than bank nifty spot levels. Today at one point inspite of bullish sentiments , bank nifty future was trading at discount of 400 points. What does it indicates? Comments /Insight are welcome on this post.
bank nifty futures***educational purpose only
11/5/2022 post market analysis of Bank nifty futures
Here too, just like Nifty futures, trend is super bearish. The candles are real close to the resisting trendline and there is a very strong resistance at 34800/34825 zone.
PCR is 2.17 on closing which is bullish which signals that we might still see an up-move in the Bank Nifty futures.
I personally feel that PCR may correct itself tomorrow but overall the chart trend is bearish and the strategy should remain as sell on rise.
Ascending Triangle Formation in Nifty Futures.Just for Educational Purpose and Gaining Inputs from qualified professionals.
It seems to me a ascending triangle formation on Nifty. Today Nifty gave a False breakout in the form of Leg "E" of the triangle. Seems that First leg of "E" wave is completed and formation of E will take time for tomorrow as well.
A breakout above the trendline of BD, we can get a rally up for Nifty for 1000 points.
If Levels of 21600 in Nifty Future is protected, one can initiate the Long position and wait for target to be hit. 23000 on card for Nifty.
chart study of Nifty futureseducational purpose only
chart study of Nifty futures
I think 17000 followed by 17850 (doesn't look likely) will be a strong support whereas 17250 look like a minor resistance.
I think one strong push and nifty futures will break through 17250 and we might see a new high.
educational purpose only
Please note that the trend of Nifty future doesn't change until we get a strong closing above 17900.00 but this doesn't mean we will not see swings and I am expecting one soon.
The strategy till then should be sell on rise and the trades should strictly be intraday.
trend will change from down to neutral once we see a closing above 17500.00 and we can expect a new uptrend above 17900
Nifty and Bank Nifty Future Chart Study for 09022021Hi Friends ,
Under this Video we are sharing chart study of Nifty and Bank Nifty Future for next trading day 09022021. We are sharing personal view and analysis on Bank Nifty and Nifty Future. This is not any kind sale and buy recommendation. Please do consult with your financial advisor before taking buy or sale decision.
Nifty and Bank Nifty Future Chart Study for 05022021Hi Friends ,
Under this Video we are sharing chart study of Nifty and Bank Nifty Future for next trading day. We are sharing personal view and analysis on Bank Nifty and Nifty Future. This is not any kind sale and buy recommendation. Please do consult with your financial advisor before taking buy or sale decision.