Nifty levels & strategy for 13/Sep/2022

12 Eyl 2022

Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.

NIFTY
Nifty is up by 103 points. Nifty is successfully trading above major resistance zone. PCR is up from 0.89 (bullish zone) to 1.02 (sideways zone). Nifty is trying hard to cross the 18K level. If inflation data is next major trigger. If data comes positive and then we may see a new lifetime high in Nifty.Certainly, support zone in Nifty has shifted up. Important resistance levels became new support levels. Max open interest has jumped up significantly which means big players are looking at expiry on higher levels near lifetime high. Overall, Indian market data is looking good.

Highest open interest on call side at 18000 (Remained at same level)
Highest open interest on put side at 17900 (Shifted up from 17000 to 17900)

BANK NIFTY
Bank Nifty is up by 158 points. Bank Nifty is really performing well and closed above 40500 level which is a new lifetime weekly high. Extra ordinary performance by Banking stocks amid ongoing global issues. Any dip Bank Nifty due to US inflation data in next few days should be buying opportunity. However, trader should work level by level. Max open interest has jumped up significantly. Please do make a note of it.

Highest open interest on call side at 40500 (Remained at same level)
Highest open interest on put side at 40500 (Shifted up from 39000 to 40500)

Shall we continue look for buy on dips opportunities near major support? Yes, I think so. What do you think?

Please do share your comments. Have a very happy, healthy & profitable day ahead!

12 Eyl 2022

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FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 12/09/2022

FIIs has bought in cash market for 2050 Crores & derivatives market for 2285 Crores. FIIs reduced long & short stock future contracts. FIIs have added long positions in index future & all types of option contracts. FIIs have turned bullish today in cash as well as F&O.

DIIs sold in cash market for -891 Crores. DIIs continue to add stock future contracts & sold index future contracts. DIIs have sold stock call option contracts to hedge their positions. DIIs are bearish/doing profit booking in cash segment and bullish in F&O segment.

Pro traders are short in index & stock future contract. They have heavily shorted index put & stock put options and bought stock call & index call options. Pro traders are following balanced approached.

Retail traders have sold index futures & boght stock future contrcts. Retail trader went in opposite direction to what FIIs did and sounding highly bearish in all types of option contracts. They have bought 91994 qty of index long put contracts.

We cannot work simply with fixed mindset. Market is supreme & dynamic. We need to learn to adjust quickly. In case of gap-up, short covering may create panic situation among retail traders & lift the market to near lifetime high. What do you think? Please do share your thoughts 🙏🙏