Showing posts with label Market cues. Show all posts
Showing posts with label Market cues. Show all posts

Thursday, 21 June 2018

Trade Setup For Friday, Nifty Given Up Reclaimed 10800!



Really don't know, the way market behaving in india, clearly supply is more than the demand and every rise easily taken to sell in follow up with Global clue. Today again Market has open up  with Gap up and claimed 10800 level to surrender to bears with no extra resistance as fear before OPEC meeting and ECB event and closed above important support 10740 after making low of 10725.
DAX future also have given up gain and continue to trade below 200 DMA and 100 DMA.
Investor Seems to be moving in weekly range of 10650 to 10825 and traders are using buy at low and sell on rise but breakout is must on any side to decide further direction and market is waiting for the same but

FIIs and DIIs both were buyers today in indian equity market and bought equity shares worth 1126 crs and 636crs. 

CG Power, DHFL, Infibeam and JP Associates are in F&O Ban list.

Experts at Moneycontrol, CNBC tv18 maintained their berrish outlook reversal below 10950 where as we feel 10875 will be decisively decide the reversal of berrish trend and will get turn up bullish in following of higher target till the time sell on rise strategy will be valid for us.

Tomorrow if nifty remain below 10790 will be taken as sell opportunity for the target of 10740/10710/10670 and above that target will be 10840!


Bank Nifty will be acting as continuously source of  pressure  on Nifty below 26630 to  26500 and target are 26400/300!

Max open interest seen at 11000 and this was followed by the 10,800 strike price, which now holds 44.87 lakh contracts in open interest, and 10,900, which has accumulated 35.92 lakh contracts in open interest.

Maximum put open interest of 49.42 lakh contracts was seen at the 10,700 strike price, which will act as a crucial base for the index in June series.

This was followed by the 10,600 strike price, which now holds 43.45 lakh contracts in open interest, and the 10,500 strike price, which has now accumulated 30.17 lakh contracts in open interest.

There was hardly any Put writing seen.
trade-setup



Monday, 14 May 2018

Trade Set Up for the next week. (14th May_18th May)



Nifty has given a closed on Friday at bullish note. 

After a bearish Wednesday and Thursday,  As expected nifty has broken the resistance of 10780-10800 and closed above that which suggest market is bullish but cautious before Karnataka election outcome. 

Election survey suggesting BJP as largest party with a hung parliament. 

 And any change in outcome will certainly put pressure on long positions. so stay cautious before election outcome on your new potions.
Nifty has major support now at 10780 and 10700 breaking below can slip to 10600-10550 where as on higher side 10900-11000 will work as major resistance level where nifty has consolidated for a long time before braking down.
Though the fact is index has closed on bullish note but apart of financial and metal sector market have given side of Bears and seen heavy sell off and profit booking across specially in Mid cap and small cap.

Bank nifty closed at 26410 and having next target of 26540-650 with support of 26200-26000!
And closing above 26540 will make gate open for 26900 -700( Major Resistance)

Call underwriting  on 11000 call at highest level followed by 10900 & 10800 call. call writing also seen addition in OI at 11200 and 11100 with addition of 2.4L and 1.83 contract.
call unwinding been seen at 10900 followed by 10700 which shed 3.60 lakh  and 2.45 Lakh contract.
Maximum open interest in put options was seen at a strike price of 10,600, in which 63.18 lakh contracts been added till date. This could be a crucial resistance level for the index in May series.
Max accumulation been seen at 10600 followed by 10700 and hardly any unwinding been seen at put on any level.

FIIs been continuously seller in the market whereas  DIIs and retailers are net buyer in the market.

Happy Trading

As observe by EMMKAY_RA