Nifty Levels & Strategy for 30/Sep/2022

29 Sep 2022Dear 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
Today's gap-up was sold in no time and once again, Nifty closed in red & below 50 DMA. Nifty is still trading above 100 DMA level. Nifty continued to remain in oversold zone and looking weak ahead of RBI policy/rate hike on 30/Sep/2022. We are expecting RBI rate hike upto 0.5% and majority of the global factors is already priced in. Tomorrow's move will be based on RBI's rate hike & post hike commentary.

NIFTY SCORECARD DATED 29/SEP/2022
NIFTY IS DOWN BY -41 POINTS
Name Price Previous Day Change % Change
Nifty 16818 16859 -40.50 -0.24%
India VIX 21.30 22.10 -0.79 -3.59%

OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA
Max OI (Calls) 17000 (Open Interest: 3914500)
Max OI (Puts) 15000 (Open Interest: 2845650)
PCR 0.77 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup

Please do wait & watch for RBI's policy and commentary. Tomorrow, once again trading is likely to be volatile only. Price-action on chart will be give you the correct picture. Work level by level to avoid big surprises.

Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!

29 Sep 2022

Komentar

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 29/Sep/2022

FIIs sold in cash -3599 Crores and bought in F&O market for 6363 Crores. DIIs bought in cash market for 3162 Crores to support market.

Tomorrow, we have RBI policy at 10am. Wait & watch price action on chart after RBI's hike & post hike commentary to decide next actions.

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.