Indeks Nifty 50Panjang
NIFTY fr 5th December
I could not post on this forum yesterday due to lack of time but I had posted my regular video on my youtube channel, Market Movers India, and in it I had expressly told not to short Nifty or Banknifty today because probability of a strong green candle after three strong red candles is more than 90%. And that is what happened. Please subscribe to that channel. In fact, alert traders had 2 big trades where OTM Call options just tripled in premiums. So now let us see what we have for tomorrow.
1) FII & DII data: Today, fourth day in a row FIIs were Net Sellers by 781 Crs and DIIs were Net buyers by 904 Crs. If we see the final FII figures for Tuesday, FIIs were Net Sellers in Equity (-107 Crs), in index futures (-368 Crs), and in stock futures (-605 Crs). So it seems FIIs are now back is Selling mode.
2) Option Chain Analysis: There is good OI build up on PUT side now and highest total OI (23.94 lakhs) is seen at 12000 but highest fresh Put writing (5.91 lakhs) is at 12050. At other strikes of 11950 and 11900 also, there is decent total OI. So for tomorrow, 12000 could be our support according to OC data. On CALL side, the picture is disastrous. The total OI is decent but fresh Call writing is absolutely absent on any strike. Highest total OI is at 12100, 2nd highest is at 12200 and on 12100 there is highest Call unwinding. So as far as resistance is concerned, 12100 can be understood by virtue of highest total OI but absence of any meaning ful writing suggests that it can easily be demolished.
3) Charts: As written above, a strong green candle was expected today after 3 consecutive strong red candles. Nifty made a low of 11951 and then started going up, then gave a lower low of 11935 and then again went up to clock a high of 12054 and then closed at 12043. Nifty thereby made a strong green candle with lower low, lower high but higher closing price than yesterday. On 15 min chart I have marked a very good buying area, so if Nifty comes in that zone, buy surely with SL.
All the best. Happy trading.
1) FII & DII data: Today, fourth day in a row FIIs were Net Sellers by 781 Crs and DIIs were Net buyers by 904 Crs. If we see the final FII figures for Tuesday, FIIs were Net Sellers in Equity (-107 Crs), in index futures (-368 Crs), and in stock futures (-605 Crs). So it seems FIIs are now back is Selling mode.
2) Option Chain Analysis: There is good OI build up on PUT side now and highest total OI (23.94 lakhs) is seen at 12000 but highest fresh Put writing (5.91 lakhs) is at 12050. At other strikes of 11950 and 11900 also, there is decent total OI. So for tomorrow, 12000 could be our support according to OC data. On CALL side, the picture is disastrous. The total OI is decent but fresh Call writing is absolutely absent on any strike. Highest total OI is at 12100, 2nd highest is at 12200 and on 12100 there is highest Call unwinding. So as far as resistance is concerned, 12100 can be understood by virtue of highest total OI but absence of any meaning ful writing suggests that it can easily be demolished.
3) Charts: As written above, a strong green candle was expected today after 3 consecutive strong red candles. Nifty made a low of 11951 and then started going up, then gave a lower low of 11935 and then again went up to clock a high of 12054 and then closed at 12043. Nifty thereby made a strong green candle with lower low, lower high but higher closing price than yesterday. On 15 min chart I have marked a very good buying area, so if Nifty comes in that zone, buy surely with SL.
All the best. Happy trading.
Penafian
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