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 opened with a gap-up. Immediately profit booking brought it down. Later, Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Nifty is slowly inching towards new lifetime high which is just a number amid global issues.
Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions.
NIFTY SCORECARD DATED 08/NOV/2022
NIFTY IS UP BY 86 POINTS
Name Price Previous Day Change % Change
Nifty 18203 18117 85.65 0.47%
India VIX 15.59 15.66 -0.07 -0.45%
OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 9641950, CE LTP: 1)
Max OI (Puts) 18000 (Open Interest: 8745100, PE LTP: 19)
PCR 0.84 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NIFTY
Nifty opened with a gap-up. Immediately profit booking brought it down. Later, Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Nifty is slowly inching towards new lifetime high which is just a number amid global issues.
Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions.
NIFTY SCORECARD DATED 08/NOV/2022
NIFTY IS UP BY 86 POINTS
Name Price Previous Day Change % Change
Nifty 18203 18117 85.65 0.47%
India VIX 15.59 15.66 -0.07 -0.45%
OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 9641950, CE LTP: 1)
Max OI (Puts) 18000 (Open Interest: 8745100, PE LTP: 19)
PCR 0.84 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
FIIs: Bullish in Cash & Bearish in F&O
FIIs have BOUGHT in cash market for 1949 Crores and SOLD in derivatives market for -1540 Crores. FIIs continued to maintain their bearish stance in F&O segment. If FIIs start selling in cash then correction may be sharp. FIIs have heavily added new bearish positions in index future, stock future, stock call & stock put options. They have done PL booking in long (near day’s high) as well as short positions (near day’s low) in index call and index put options.
FII CHANGE OI IN INDEX CALL/PUT:
INDEX CALL CHANGE OI:-0.03L, INDEX CALL LONG:-0.26L, INDEX CALL SHORT:-0.22L
INDEX PUT CHANGE OI:-0.02L, INDEX PUT LONG:-0.07L, INDEX PUT SHORT:-0.05L
FII NET OUTSTANDING OI IN INDEX CALL/PUT:
INDEX CALL NET OUTSTANDING OI:2.33L, INDEX CALL LONG:5.47L, INDEX CALL SHORT:3.14L
INDEX PUT NET OUTSTANDING OI:2.54L, INDEX PUT LONG:5.55L, INDEX PUT SHORT:3.01L
DIIs: Highly Bearish in Cash & F&O
DIIs SOLD in cash market for -844 Crores. DIIs have continued to add new bearish positions in stock future, stock call options and index futures.
Pro Traders: Bullish
Pro traders have added new bullish positions in stock future, index put & stock put options. They have added bearish positions in stock call. They did PL booking in long & short positions in index future & index call options.
Retail Traders: Neutral
Retail traders have added bullish position in index future, stock future & stock call options. They have added bearish positions in index call, index put and stock put options. Retail traders should continue to book profit & don’t forget to hedge overnight long positions near lifetime high in Nifty & Bank Nifty and trade safely.
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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.