Nifty Levels & Strategy for 30/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
Congratulation Nifty traders. Finally, Nifty hit the new lifetime high & we have seen highest ever closing. Nifty opened flat & completely ignore the global market cues. Profit booking was obvious from new lifetime high but Nifty closed above 50 EMA on 15min chart. FII are buying in cash but they adding bearish positions in F&O, Pro traders are also adding bearish positions in F&O. Big players are clearly managing index at higher level. What will happen when FIIs/Pro start selling in cash????? Market may correct very sharply. Retail traders are taking things for granted. VIX is low but it may rise in no time.
Why US market corrected yesterday? Fear of another US FED hike in Dec. This time RBI may have no choice but to go ahead with hike therefore we need to be careful in coming days & work level by level. Gujrat election results may also affect market. OPEC is getting ready for another OIL production cut. OPEC want to manage crude price at higher levels. We should follow trend (buy on dips) but avoid, stay away from buying euphoria & continue to book profit at higher levels. There is no harm is ignoring the last leg of rally.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 29/NOV/2022
NIFTY IS UP BY 55 POINTS
Name Price Previous Day Change % Change
Nifty 18618 18563 55.30 0.30%
India VIX 13.62 13.57 0.05 0.37%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 7732900, CE LTP: 1.65)
Max OI (Puts) 18500 (Open Interest: 10184950, PE LTP: 23.75)
PCR 1.22 (PCR is in buying Zone)
Nifty Calls:
ATM: Long Liquidation, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup
NIFTY
Congratulation Nifty traders. Finally, Nifty hit the new lifetime high & we have seen highest ever closing. Nifty opened flat & completely ignore the global market cues. Profit booking was obvious from new lifetime high but Nifty closed above 50 EMA on 15min chart. FII are buying in cash but they adding bearish positions in F&O, Pro traders are also adding bearish positions in F&O. Big players are clearly managing index at higher level. What will happen when FIIs/Pro start selling in cash????? Market may correct very sharply. Retail traders are taking things for granted. VIX is low but it may rise in no time.
Why US market corrected yesterday? Fear of another US FED hike in Dec. This time RBI may have no choice but to go ahead with hike therefore we need to be careful in coming days & work level by level. Gujrat election results may also affect market. OPEC is getting ready for another OIL production cut. OPEC want to manage crude price at higher levels. We should follow trend (buy on dips) but avoid, stay away from buying euphoria & continue to book profit at higher levels. There is no harm is ignoring the last leg of rally.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 29/NOV/2022
NIFTY IS UP BY 55 POINTS
Name Price Previous Day Change % Change
Nifty 18618 18563 55.30 0.30%
India VIX 13.62 13.57 0.05 0.37%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 7732900, CE LTP: 1.65)
Max OI (Puts) 18500 (Open Interest: 10184950, PE LTP: 23.75)
PCR 1.22 (PCR is in buying Zone)
Nifty Calls:
ATM: Long Liquidation, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.