Nifty Levels & Strategy for 20/Sep/2022

19 de set. de 2022

Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.

NIFTY
Nifty is up by 91 points. Today, Nifty has performed as expected. Nifty was already oversold on Friday and morning dip was bought instantly and closed in green. PCR is up from 0.49 (oversold zone) to 0.7 (bearish zone). Market sentiment is bearish ahead of US Fed meeting.

Highest open interest on call side at 18000 (Shifted down from 19000 to 18000)
Highest open interest on put side at 15000 (Shifted up from 17000 to 17500)


BANK NIFTY
Bank Nifty is up by 128 points. PCR is shifted up from 0.69 (highly bearish zone) to 0.78 (bearish zone). US markets closed in red and even today trading in red. US Dollar, US 10Y Bond Yield is further getting stronger. Indian Rupee & other global currencies are getting weaker which is certainly not a good sign for emerging economies like India.

Highest open interest on call side at 41500 (Shifted up from 41500 to 42000)
Highest open interest on put side at 40000 (Shifted up from 38500 to 40000)

Shall we continue to look for sell on rise opportunities till US Fed meeting ?????
1. Only at higher level after decent pull back from lower levels
2. near major resistance levels
3. near high OI in CE strikes with strict stoploss?

Shall we look for buy on dips opportunity
1. near major support levels
2. near high OI in PE strikes with strict SL?

Is Bank Nifty likely to remain sideways till outcome of US FED meeting????? I think so.

What do you think? Please do share your comments. Let us work & win together.

Please do check & review following prior to finalize your strategy/work plan for next trading session
1. Global cues based on EOD data
2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow

Have a very happy, healthy & profitable day ahead!

19 de set. de 2022

Nota

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 19/Sep/2022

FIIs: Mild Bullish
FIIs have bought in cash for 312.3 Crores and sold in derivatives market for -3019 Crores. FIIs have added bullish positions in index future (12941), index put (-35460), stock call & stock put options.

FIIs took bearish positions index calls and stock future contracts. Does it look like Big Players are not looking at big fall in the market & trying to buy whenever Nifty & Bank Nifty touch major support levels?????

DIIs: Mild Bearish
DIIs sold in cash market for -94.68 Crores. DIIs added bullish positions in stock future (17827) and took bearish positions in index future, index put and stock call option contracts.

Pro Traders: Bullish
Pro traders took bearish positions in stock futures (-5583) and bullish positions in index future (2013), index call (55583), index put (-80389), stock call (9710) and stock put (-26309) options contracts.

Retail Traders: Highly Bearish
Retail traders have added bearish positions in index futures (-14007) & stock futures contracts. They also took up bearish contracts in all types of option (index calls: -50955, index puts: 114967, stock puts: 27998 to highlight few) contracts. Please do review, analyse and share your comments as well. Let us work and win together.

Disclaimer: I have analysed the data based on my limited knowledge. I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me for trading as it may lead to financial losses. Please consult your financial advisor before trading.