Nifty Levels & Strategy for 25/Nov/2022

24 Nov 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 continued it's journey in forward direction & now looking all set for making new lifetime high. Nifty started action with gap-up , mild profit booking, breakout above open price, consolidation through out the day & finally break-out above 18400. Bulls have clearly dominated the show. Volatility is quite low. US Dollar Index has corrected significantly. Brent crude is trading around $85 which is quite good for India. All factors are positive. We have seen significantly rally from lower levels. Is it really a bear market rally?????

New longs in ATM/OTM/ITM calls & Put writing in all types is clearly indicating strength towards long side. Today option buyers who waited patiently for breakout or breakdown opportunity were rewarded. Retail traders need wait patiently for good quality setup & simply replicate profit making trades again & again. Retail traders should continue to trade with caution near new lifetime high, buy on dips with hedge & book limited profit at higher level or loss at lower level. Please find below scorecard, PCR update & options statistics for your reference:

NIFTY SCORECARD DATED 24/NOV/2022
NIFTY IS UP BY 217 POINTS
Name Price Previous Day Change % Change
Nifty 18484 18267 216.85 1.19%
India VIX 13.48 14.04 -0.56 -4.02%

OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 18300 (Open Interest: 3969050, CE LTP: 272)
Max OI (Puts) 18300 (Open Interest: 6962750, PE LTP: 32.75)
PCR 1.28 (PCR is in buying Zone)

Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup

24 Nov 2022

Catatan

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 24/Nov/2022

FIIs: Bullish in Cash & F&O
FIIs have BOGHT in cash market for 1232 Crores and BOUGHT in derivatives market for 14342 Crores. FIIs have added new bullish positions in index future & reduced short contracts in index future. They did PL booking in long & short contracts of stock future, index call, index put, stock call & stock put options.

FII CHANGE OI IN INDEX CALL/PUT:
INDEX CALL CHANGE OI:-1.04L, INDEX CALL LONG:-3.54L, INDEX CALL SHORT:-2.5L
INDEX PUT CHANGE OI:-1.96L, INDEX PUT LONG:-3.27L, INDEX PUT SHORT:-1.3L

FII NET OUTSTANDING OI IN INDEX CALL/PUT:
INDEX CALL NET OUTSTANDING OI:1.89L, INDEX CALL LONG:3.66L, INDEX CALL SHORT:1.76L
INDEX PUT NET OUTSTANDING OI:1.06L, INDEX PUT LONG:4L, INDEX PUT SHORT:2.93L

DIIs: Bearish in Cash & Neutral in F&O
DIIs SOLD in cash market for -236 Crores. DIIs haven’t added either bullish or bearish positions. They only did PL booking in index future, index call, index put, stock future & stock call options.

Pro Traders: Bullish
Pro traders have added new bullish positions in index future & reduced short contracts in index future. They did PL booking in long & short contracts of stock future, index call, index put, stock call & stock put options.

Retail Traders: Bearish
Retail traders haven’t added either bullish or bearish positions. They only did PL booking in index future, index call, index put, stock future & stock call 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.