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 trading range is quite clear & perfectly trading within a range (marked on chart). Range is always good for option writers. Please review the option data. ATM/OTM/ITM Calls were written by the big players & professional traders. We have seen short covering in on Puts side which indicates little bearishness. Option buyers should still wait & stay away and get into trade only when nifty break out above or break down below the range with rise in volatility and market clearly pick-up the momentum.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 18/NOV/2022
NIFTY IS DOWN BY -36 POINTS
Name Price Previous Day Change % Change
Nifty 18308 18344 -36.25 -0.20%
India VIX 14.39 14.88 -0.49 -3.28%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 18400 (Open Interest: 10565600, CE LTP: 69)
Max OI (Puts) 18300 (Open Interest: 6853050, PE LTP: 78.95)
PCR 0.73 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Covering, FAR OTM:Long Liquidation
NIFTY
Nifty trading range is quite clear & perfectly trading within a range (marked on chart). Range is always good for option writers. Please review the option data. ATM/OTM/ITM Calls were written by the big players & professional traders. We have seen short covering in on Puts side which indicates little bearishness. Option buyers should still wait & stay away and get into trade only when nifty break out above or break down below the range with rise in volatility and market clearly pick-up the momentum.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 18/NOV/2022
NIFTY IS DOWN BY -36 POINTS
Name Price Previous Day Change % Change
Nifty 18308 18344 -36.25 -0.20%
India VIX 14.39 14.88 -0.49 -3.28%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 18400 (Open Interest: 10565600, CE LTP: 69)
Max OI (Puts) 18300 (Open Interest: 6853050, PE LTP: 78.95)
PCR 0.73 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Covering, FAR OTM:Long Liquidation
FIIs: Bearish in Cash & F&O
FIIs have SOLD in cash market for -751 Crores and BOUGHT in derivatives market for 6434 Crores. FIIs have added new bearish positions in stock future, index put & stock put options. They have added bullish positions in index call. They did PL booking in index future (long & short), stock future (long), stock call (long & short) & stock put (short) contracts.
FII CHANGE OI IN INDEX CALL/PUT:
INDEX CALL CHANGE OI:0.28L, INDEX CALL LONG:1.88L, INDEX CALL SHORT:1.6L
INDEX PUT CHANGE OI:0.32L, INDEX PUT LONG:1.13L, INDEX PUT SHORT:0.81L
FII NET OUTSTANDING OI IN INDEX CALL/PUT:
INDEX CALL NET OUTSTANDING OI:2.23L, INDEX CALL LONG:6.08L, INDEX CALL SHORT:3.85L
INDEX PUT NET OUTSTANDING OI:2.81L, INDEX PUT LONG:5.99L, INDEX PUT SHORT:3.18L
DIIs: Bullish in Cash & Bearish in F&O
DIIs BOUGHT in cash market for 890 Crores. DIIs have added new bearish positions in index future, stock future. They did PL booking in index put (long) & stock call (long & short) contracts.
Pro Traders: Highly Bearish
Pro traders have added new bearish positions in stock future, index call, index put, stock call. Added new bullish positions only index future. PL booking in stock put (long & short) option contracts.
Retail Traders: Highly Bullish
Retail traders have new bullish positions in index call & index put options. They did PL booking in long & short contracts of index future, stock future, stock call & stock put options.
Please do review, analyse and share your comments as well. Many thanks for following me on twitter, liking my analysis & retweet. Let us work and win together. Wish you a very happy, healthy & profitable trading day ahead!
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.