Reliance possible weak structure below 2050 If reliance breaks this resistance
we can have a bearish view on reliance
Reliance will again come
inbetweeen the levels where it
faces resistance
SELL
BANK NIFTY LOSING MOMENTUM Bank Nifty Range between 35700 and 36500 is Strong Resistance and Support More Chances of Lower Side Breakout in This Month for 34000 Sell Call for Target 33500 with Stop at 36700
Vinati Organics is in the oversold zone.Wait for the RSI to make a down move and a Stoch RSI cross-over. Sell for existing levels marked in the chart.
Low volume in green candle means buyers are not interested! So sellers will kick in soon.
MAXHEALTH is due for a quick correctionDouble confirmation on RSI and Stoch RSI as it is in the over-bought zone.
Nifty is going to fall down upcoming daysNifty is retracing from its position and also it has breaked its MA 50....chances are it will come and touch at its old resistance value at 12000
NIFTY Target 13200 before 13 Feb 2021Support line post-Mar 2020 are Resistance line pre-Mar 2020 are clearly coinciding at 13200 levels. Also, if you see Fibonacci retracement level also falls around 13000 levels. A 3-day continuous fall clearly reflects a weakness in the market with all global markets bleeding red.
Finally #bears will be able to take control of the market. #Nifty50 #fall #bearmarket #crash
Sell Nifty Feb Fut or add puts into your positions.
The Parallel Channel Resistance 14500 nearby.
Resistance 14500 nearby
last one 14534
The price can fall up to 130-180 points from these levels.
Nifty: Derivatives data, Psychology & Today's movementNifty
Closing Price 14146
Looking at the charts we observe Nifty was trading near Line of Resistance (look at my previous idea for more clarity)
This is the Derivatives Data Analysis for Positions taken by various Market participants a day before
Futures Data
- Retail participants added 23.36 Index Futures Long Contracts & added 18.39 K Index Futures Short contracts
- FIIs booked profits in 1.95 K Index Futures Long Contracts and exited from 423 Short Contracts
- Proprietary traders added 312 Index Futures Long contracts and added 3.01 K Short contracts
Call Option
- Retail participants exited from 34.71 K Call Long Contracts & added 1.97 K Call Short contracts
- FIIs exited from 20.25 K Call Long Contracts and exited from 15.15 K Call Short Contracts
- Proprietary traders added 20.64 K Call Long contracts and exited from 21.17 K Call Short contracts
Put option
- Retail participants added 2.67 Lakhs Put Long Contracts & added 1.96 Lakhs Put Short contracts
- FIIs added 16.69 K Put Long Contracts and added 34.02 K Put Short Contracts
- Proprietary traders added 48.36 K Put Long contracts and added 1.02 Lakh Put Short contracts
So we see Retail Participants were Index Futures Long and also major Net Put buyers
FIIs and Proprietary traders on the contrary were major Net Put Sellers
Nifty opened and stayed flat till 12:30pm not giving much to Futures buyer and also testing the patience of Put Buyers. In that time we also saw many accepting that Put buy is not working and some started squaring off their Put buy position and many started switching to Call Buy.
Once that phycological shift happened we saw a one shot drop of 160 points between 12:30pm-2:00pm giving that what if...feeling.
And then markets recovered back 100 points to close the day at 14146 ensuring both Call and Put closing in negative territory or flattish at best.
My friends understand that Out of 6 hours and 15 mins daily trade time, that 1 1/2 hour of time is all what Put buyers had in their favor. Because after 2:00pm it was back in favor of Put sellers
So that 1 1/2 hr time translates to just 24% favorable time frame for Option Buyers of the total trading time for the day.... So if you are buyer of an option this is what odds would look like and More so the reason why you need to analyze more in depth, do your home work and be prepared. Remember, there is no free lunch.
If you have been following me, we had suggested a 13800 Put sell on January 1st 2021 and subsequently on Jan 4, we also suggested adding a Sell Position in 14200 Call
Go on and hit the Play button on that chart and we are not far off from what we had predicted...
Today we closed both the positions in profits.
Follow and learn the tricks of Options trading...!!!
Message in private for more details
Take care & safe trading...!!!
BAJAJFINSV POSSIBLE BRFEAKDOWNSee morning market movement and take a trade accordingly, min until the opening of 2 candles.
Nifty Downtrend Starts. More Downside Coming!!Nifty Crashed more than 600 points today before settling at 13328. More Downside will come till 12600-12800 if it breaks the upper trendline. Be cautious! Book your Profits. Any Upside will be Sell on Rise on Nifty as well as Bank Nifty.
