In the previous post we had highlighted that FIIs were not playing for the down move and on the downside the zone of 8816-8835 will be very important. Well, Nifty made a low of 8821.90 and recovered from there to close in the green.
That’s the power of data and chart analysis for you. So let’s see what we have got today.
FIIs were again Net buyers today. 6585 contracts were bought amounting Rs 360.64 Cr
FIIs added 4020 Long contracts and reduced their Short position by 3326 contracts. Their Long :: Short ratio now stand at 1 :: 1.
Retail clients added 550 Long Contracts and increased their Short positions by 19625 contracts. Their Long :: Short ratio has changed from 1:: 1.12 and now stands at 1 :: 1.32 reflecting that they are turning further bearish.
Pro traders squared off 1632 Long contracts & also squared off 6776 Short contracts. As a result their Long :: Short ratio has turned towards neutral zone from 1:: 1.32 to 1:: 1.09
All in all, it can be said that Retail participants are increasing their Short position when FIIs and Pro are turning neutral.
Looking at the chart, till the time green line is held, Nifty has higher probability to move towards 9620 levels. ( good risk:: reward ratio )
The red line, for us, is the Laxman Rekha – only if that is broken decisively then we can see resumption of down trend.
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Nota
A few days back we had posted this chart
Nota
One may consider selling Nifty 9000 Put option between 80-100CMP 85
Trade attivo
Nifty 9000 Put optionCMP 94
Trade is active
Trade chiuso: stop raggiunto
NIFTY 9000 Put option CMP 124Exit from the position.
Nota
Strong Resistance at 9500 and now we are seeing resistance building up at 9300 Be cautious
Nota
Resistance slowly creeping up at 9200 levelsNota
This a contra tradeNifty is at 9200
Consider Selling Nifty 9400 call option at 105
Stop loss 130
Trade chiuso manualmente
Nifty 9400 Call optionn updateSuggested selling at 105
Today made a low of 70 so far.
Cmp 79
Consider booking profits
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.