Stock Market Wisdom | Swing Trading

07 May 2024 05:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22500 S2 - 22400
R1 - 22660 R2 - 22750

BankNifty Futures :
S1 - 48800 S2 - 48500
R1 - 49350 R2 - 49700

FinNifty Futures :
S1 - 21750 S2 - 21650
R1 - 21900 R2 - 22000

MIDCPNIFTY :
S1 - 10960 S2 - 10890
R1 - 11120 R2 - 11200

S&P BSESENSX :
S1 - 73600 S2 - 73300
R1 - 74250 R2 - 74600

Nifty Highest Open Interest (9th May Weekly expiry) : Call: 23000 / Put : 22000

GIFT Nifty: 22602

🟢Today's Results - PIDILITIND, DRREDDY, SRF, UBL, VOLTAS, IGL, IDFC, NAVINFLUOR

Stock Market Wisdom | Swing Trading

02 May 2024 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22650 S2 - 22500
R1 - 22850 R2 - 22950

BankNifty Futures :
S1 - 49200 S2 - 48800
R1 - 49800 R2 - 50150

FinNifty Futures :
S1 - 21750 S2 - 21650
R1 - 21900 R2 - 22000

MIDCPNIFTY :
S1 - 11000 S2 - 10900
R1 - 11130 R2 - 11200

S&P BSESENSX :
S1 - 74200 S2 - 73900
R1 - 74900 R2 - 75400

Nifty Highest Open Interest (2nd May Weekly expiry) : Call: 23000 / Put : 22000

GIFT Nifty: 22747

Securities in Ban For Trade Date 02-May-2024 - 1.BIOCON, 2.IDEA (Source - nseindia.com)

❇️Today's Results - ADANIENT, ADANIPORTS, COALINDIA, FEDRELBNK, DABUR, COFORGE

Stock Market Wisdom | Swing Trading

19 Apr 2024 05:34

Nifty spot nearest bus stop level is 21810. If continuously 2 candle closes below 21810 level then we can see continued correction otherwise pullback reversal

Stock Market Wisdom | Swing Trading

10 Apr 2024 06:22

🟢GLOBAL CMP 246 LOOKING GOOD TO GO LONG BTWN 246 - 210

SWING TRADE STOPLOSS 199

Stock Market Wisdom | Swing Trading

09 Apr 2024 05:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22650 S2 - 22550
R1 - 22950 R2 - 23050

BankNifty Futures :
S1 - 48500 S2 - 48200
R1 - 48900 R2 - 49200

FinNifty Futures :
S1 - 21600 S2 - 21500
R1 - 21720 R2 - 21830

MIDCPNIFTY :
S1 - 10800 S2 - 10720
R1 - 10950 R2 - 11030

S&P BSESENSX :
S1 - 74400 S2 - 74000
R1 - 74950 R2 - 75300

Nifty Highest Open Interest (10th Apr Weekly expiry) : Call: 23000 / Put : 22500

FII DATA as on 08/04/2024 (fig in crores) Cash Market
FII Net (684.68)
FII Buy 11,504.78
FII Sell 12,189.46

India Vix : 11.61

GIFT Nifty: 22830

Securities in Ban For Trade Date 09-Apr-2024 - 1.BANDHANBNK, 2.SAIL, 3.ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 685 crore. Simultaneously, they bought worth Rs. 1262 crore in Index futures with a rise in open interest, indicating long formation. On the derivatives front, we observed a decent long build-up in the benchmark index. On the options front, decent piling of OI was seen at 22600 put strikes and the highest OI concentration at 22500 PE, indicating nearby support. On the higher end, call writers seem hesitant with their scattered positioning around 22700- 22800 strikes. Foreign Institutional Investors have added some fresh longs in the index futures segment, advancing the Long Short Ratio to 45% from 43%. Considering the data, the undertone seems buoyant with nearby support. It is advisable to stay nimble- footed as we head near strong resistance and refrain from aggressive long bets for the time being.

Stock Market Wisdom | Swing Trading

02 Apr 2024 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22450 S2 - 22350
R1 - 22660 R2 - 22800

BankNifty Futures :
S1 - 47700 S2 - 47400
R1 - 48100 R2 - 48400

FinNifty Futures :
S1 - 21250 S2 - 21150
R1 - 21400 R2 - 21480

MIDCPNIFTY :
S1 - 10620 S2 - 10550
R1 - 10750 R2 - 10840

S&P BSESENSX :
S1 - 73800 S2 - 73500
R1 - 74200 R2 - 74550

Nifty Highest Open Interest (4th Apr Weekly expiry) : Call: 22500 / Put : 22300

FII DATA as on 1/04/2024 (fig in crores) Cash Market
FII Net (522.30)
FII Buy 8,817.98
FII Sell 9,340.28
India Vix : 12.08

GIFT Nifty: 22546

Securities in Ban For Trade Date 02-Apr-2024 - NIL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 522 crore. Simultaneously, they bought worth Rs. 275 crore in Index futures with a rise in open interest, indicating long formation. On the derivatives front, we observed unwinding in key indices, especially the banking index, which appears to be light as the open interest plummets by more than 50%. In index options, build-up remained scattered for both call and put options, with the highest concentration seen at the 22300 put and 22500 call strikes. Foreign Institutional Investors have added some fresh longs in the index futures segment but were net sellers in equities. For now, 22200-22000 is likely to provide a cushion in case of intra-week declines, and on the upside, 22500 remains the intermediate resistance breaching the same on a closing basis shall propel the next leg of the rally.

Stock Market Wisdom | Swing Trading

26 Mar 2024 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22000 S2 - 21850
R1 - 22300 R2 - 22430

BankNifty Futures :
S1 - 46700 S2 - 46400
R1 - 47150 R2 - 47400

FinNifty Futures :
S1 - 20715 S2 - 20630
R1 - 20880 R2 - 20960

MIDCPNIFTY :
S1 - 10350 S2 - 10290
R1 - 10460 R2 - 10550

S&P BSESENSX :
S1 - 72500 S2 - 72100
R1 - 73300 R2 - 73700

Nifty Highest Open Interest (28th Mar Monthly expiry) : Call: 23000 / Put : 22000

FII DATA as on 22/03/2024 (fig in crores) Cash Market
FII Net (3,309.76)
FII Buy 17,460.11
FII Sell 20,769.87

India Vix : 12.22

GIFT Nifty: 22106

Securities in Ban For Trade Date 26-Mar-2024 - 1.BIOCON, 2.SAIL, 3.TATACHEM, 4. ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 3310 crore. Simultaneously, they bought worth Rs. 1433 crore in Index futures with a fall in open interest, hinting at short covering. On the derivatives front, we hardly saw any meaningful open interest activity in key indices despite it being an action-packed week. Regarding options, decent writing was seen in the 22000 and 22100 put strike. On the flip side, 22300 followed by 22500 strikes remained active in Friday’s session. Foreign Institutional Investors turned net sellers in the equities and index futures segment during the week. The ‘Long Short Ratio’ decreased from 38% to 35% WoW. For now, 22000 is likely to provide a cushion in case of intraday declines, and on the upside, any move beyond 22200 shall be an encouraging sign for the Bulls.

Stock Market Wisdom | Swing Trading

12 Mar 2024 04:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22350 S2 - 22250
R1 - 22550 R2 - 22650

BankNifty Futures :
S1 - 47250 S2 - 47000
R1 - 47800 R2 - 48100

FinNifty Futures :
S1 - 20830 S2 - 20750
R1 - 20970 R2 - 21050

MIDCPNIFTY :
S1 - 10800 S2 - 10720
R1 - 10900 R2 - 10970

S&P BSESENSX :
S1 - 73250 S2 - 72950
R1 - 73800 R2 - 74100

Nifty Highest Open Interest (14th Mar Weekly expiry) : Call: 23000 / Put : 21500

FII DATA as on 11/03/2024 (fig in crores) Cash Market
FII Net 4,212.76
FII Buy 23,691.23
FII Sell 19,478.47

India Vix : 13.99

GIFT Nifty: 22460

Securities in Ban For Trade Date 12-Mar-2024 - 1.ABFRL, 2.HINDCOPPER, 3.MANAPPURAM, 4.MGL, 5.SAIL, 6. TATACHEM, 7.ZEEL(Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 4213 cr. Simultaneously, they sold worth Rs. 173 cr in Index futures with a fall in open interest, suggesting long unwinding. On the derivatives front, the benchmark index witnessed some long unwinding amidst a bout of profit booking. On the options front, a decent piling of OI is seen at 22300-22200 put strikes, suggesting a nearby support zone for Nifty. On the flip side, the highest open interest concentration stands at the 22500 call option, followed by 22600, indicating a sturdy hurdle. Stronger hands curtailed some longs, resulting in a mere cool-off in the Long Short Ratio to 41% from 42%. Although the undertone seems bullish, we advocate avoiding complacency and recommend booking timely profits, as the market lacks conviction at higher levels.

Stock Market Wisdom | Swing Trading

05 Mar 2024 04:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22430 S2 - 22350
R1 - 22550 R2 - 22630

BankNifty Futures :
S1 - 47450 S2 - 47200
R1 - 47950 R2 - 48200

FinNifty Futures :
S1 - 20950 S2 - 20850
R1 - 21080 R2 - 21150

MIDCPNIFTY :
S1 - 10930 S2 - 10870
R1 - 11040 R2 - 11100

S&P BSESENSX :
S1 - 73600 S2 - 73300
R1 - 74100 R2 - 74400

Nifty Highest Open Interest (7th Mar Weekly expiry) : Call: 23000 / Put : 22200

FII DATA as on 04/03/2024 (fig in crores) Cash Market
FII Net (564.06)
FII Buy 13,489.19
FII Sell 14,053.25
India Vix : 14.92

GIFT Nifty: 22490

Securities in Ban For Trade Date 05-Mar-2024 - 1. ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 564 cr. Simultaneously, they bought worth Rs. 1270 cr in Index futures with a slight increase in open interest, suggesting a mix of short covering and fresh long addition. On the derivatives front, we ordered the addition of mixed bets in the banking index whereas open interest activity for Nifty remained muted. On the options front, we hardly saw any meaningful build-up in both calls and put options. However, ATM strike remained comparatively active. Stronger hands turned net sellers in equities and mixed activity was observed in the index futures segment. For now, the index is hovering around the record highs and until we manage to respect 22200- 22100 the bias remains optimistic. However, traders should avoid being aggressive as the market appears a bit tentative on the higher side.

Stock Market Wisdom | Swing Trading

29 Feb 2024 04:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21800 S2 - 21700
R1 - 22020 R2 - 22150

BankNifty Futures :
S1 - 45500 S2 - 45150
R1 - 46200 R2 - 46600

FinNifty Futures :
S1 - 20350 S2 - 20200
R1 - 20550 R2 - 20650

MIDCPNIFTY :
S1 - 10650 S2 - 10550
R1 - 10900 R2 - 11150

S&P BSESENSX :
S1 - 71950 S2 - 71600
R1 - 72600 R2 - 72900

Nifty Highest Open Interest (29th Feb Monthly expiry) : Call: 22200 / Put : 21500

FII DATA as on 28/02/2024 (fig in crores) Cash Market
FII Net (1,879.23)
FII Buy 11,058.91
FII Sell 12,938.14
India Vix : 16.33

GIFT Nifty: 21940

Securities in Ban For Trade Date 29-FEB-2024 - 1.INDUSTOWER, 2.SAIL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1879 cr. Simultaneously, they sold worth Rs. 243 cr in Index futures with a slight increase in open interest, suggesting short addition. On the derivatives front, short additions were seen in both the key indices ahead of the monthly expiry. On the options front, Put writers ran for shelter, seeing the profit taking, with 21800 holding the strong build-up ahead of monthly settlement. While Call writers added decent bets in 22000-22200 strikes, suggesting potent resistances for the Nifty. FIIs curtailed some longs and added mere shorts in the system; the long-short ratio slightly stands at 45% compared to 44% at the start of the week. Considering the data, undertone seems to be turning bearish in the short run and one should refrain from taking aggressive bets. Also, volatility is likely to spike amid the monthly expiry; exercise caution.

Stock Market Wisdom | Swing Trading

27 Feb 2024 04:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22050 S2 - 21950
R1 - 22210 R2 - 22300

BankNifty Futures :
S1 - 46300 S2 - 46000
R1 - 46900 R2 - 47200

FinNifty Futures :
S1 - 20700 S2 - 20620
R1 - 20810 R2 - 20900

MIDCPNIFTY :
S1 - 10900 S2 - 10750
R1 - 11200 R2 - 11300

S&P BSESENSX :
S1 - 72450 S2 - 72150
R1 - 73000 R2 - 73300

Nifty Highest Open Interest (29th Feb Monthly expiry) : Call: 23000 / Put : 21000

FII DATA as on 26/02/2024 (fig in crores) Cash Market
FII Net (285.15)
FII Buy 12,525.31
FII Sell 12,810.46

India Vix : 15.60

GIFT Nifty: 22115

Securities in Ban For Trade Date 27-FEB-2024 - 1.ABFRL, 2.BALRAMCHIN, 3. CANBK, 4.SAIL, 5.ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 285 cr. Simultaneously, they bought worth Rs. 531 cr in Index futures with a slight increase in open interest, suggesting long addition. On the derivatives front, insignificant developments were seen in both the key indices. On the options front, the highest concentration of OI is seen at 22000 put strike, indicating strong support for the monthly expiry. On the higher end, 22200-22300 call strikes have a decent piling of OI, indicating nearby resistance for Nifty. FIIs added longs in index futures; the long-short ratio slightly advanced to 45% from 44%. With the above developments and in the absence of strong triggers, we may witness a range of bound movement in the index.

Stock Market Wisdom | Swing Trading

26 Feb 2024 04:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22150 S2 - 22050
R1 - 22310 R2 - 22400

BankNifty Futures :
S1 - 46600 S2 - 46300
R1 - 47200 R2 - 47600

FinNifty Futures :
S1 - 20630 S2 - 20550
R1 - 20770 R2 - 20870

MIDCPNIFTY :
S1 - 11000 S2 - 10930
R1 - 11120 R2 - 11200

S&P BSESENSX :
S1 - 72900 S2 - 72600
R1 - 73400 R2 - 73700

Nifty Highest Open Interest (29th Feb Monthly expiry) : Call: 23000 / Put : 21000

FII DATA as on 23/02/2024 (fig in crores) Cash Market
FII Net 1,276.09
FII Buy 15,746.64
FII Sell 14,470.55

India Vix : 14.97

GIFT Nifty: 22239

Securities in Ban For Trade Date 26-FEB-2024 - 1.ABFRL, 2.ASHOKLEY, 3. BALRAMCHIN, 4.BIOCON, 5.CANBK, 6.GMRINFRA, 7.GNFC, 8.HINDCOPPER, 9.PEL, 10.PVRINOX, 11.RBLBANK, 12.SAIL, 13.ZEEL(Source - nseindia.com)

FIIs were net buyer in the cash market segment to the tune of Rs. 1276 cr. Simultaneously, they sold worth Rs. 136 cr in Index futures with a fall in open interest, suggesting long unwinding. On the derivatives front, the Nifty added decent bullish bets, and the banking index rebounded due to short covering during the week. On the options front, a noticeable piling up of OI seen in 22300-22500 call strikes suggests the next potent resistances for Nifty. The highest piling of OI at the 22000 put strike indicates strong support for the monthly expiry. FIIs maintained their robust stance during the week; the long-short ratio advanced to 44% from 38% WoW. With the above developments, we expect a continuation of the ongoing up move towards 22350-22400.

Stock Market Wisdom | Swing Trading

22 Feb 2024 04:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22000 S2 - 21880
R1 - 22200 R2 - 22300

BankNifty Futures :
S1 - 46800 S2 - 46500
R1 - 47300 R2 - 47600

FinNifty Futures :
S1 - 20600 S2 - 20500
R1 - 20740 R2 - 20830

MIDCPNIFTY :
S1 - 10800 S2 - 10720
R1 - 10920 R2 - 11000

S&P BSESENSX :
S1 - 72300 S2 - 71950
R1 - 72900 R2 - 73200

Nifty Highest Open Interest (22nd Feb Weekly expiry) : Call: 22500 / Put : 21500

FII DATA as on 21/02/2024 (fig in crores) Cash Market
FII Net 284.66
FII Buy 17,080.67
FII Sell 16,796.01

India Vix : 15.93

GIFT Nifty: 22145

Securities in Ban For Trade Date 22-FEB-2024 - 1.ASHOKLEY, 2.BALRAMCHIN, 3. BANDHANBNK, 4.BIOCON, 5.CANBK, 6.GMRINFRA, 7.GNFC, 8.HINDCOPPER, 9.INDIACEM, 10.INDUSTOWER, 11.NATIONALUM, 12.PEL, 13.PVRINOX, 14.RBLBANK, 15.ZEEL(Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 285 cr. Simultaneously, they bought worth Rs. 627 cr in Index futures with rise in open interest, suggesting long addition. On the derivatives front, key indices added some bearish bets ahead of the weekly series settlement. On the options front, meaningful piling of OI is seen from 22200-22100 call strikes, indicating strong resistance for weekly expiry. Meanwhile, the put writers of 22100- 22000 ran for shelter seeing the profit taking. With yesterday’s profit taking it would be interesting to if the index holds the support zone of 21900-22000, any correction below same won’t be an encouraging sign. For now, traders need to wait for a follow-up action in the coming session and avoid taking any aggressive direction bets in the index.

Stock Market Wisdom | Swing Trading

20 Feb 2024 04:38

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22060 S2 - 21960
R1 - 22250 R2 - 22350

BankNifty Futures :
S1 - 46400 S2 - 46100
R1 - 46900 R2 - 47200

FinNifty Futures :
S1 - 20500 S2 - 20420
R1 - 20630 R2 - 20720

MIDCPNIFTY :
S1 - 10970 S2 - 10900
R1 - 11080 R2 - 11150

S&P BSESENSX :
S1 - 72400 S2 - 72050
R1 - 73000 R2 - 73300

Nifty Highest Open Interest (22nd Feb Weekly expiry) : Call: 23000 / Put : 22000

FII DATA as on 19/02/2024 (fig in crores) Cash Market
FII Net (754.59)
FII Buy 10,167.95
FII Sell 10,922.54
India Vix : 16.01

GIFT Nifty: 22137

Securities in Ban For Trade Date 20-FEB-2024 - 1.ABFRL, 2.ASHOKLEY, 3. BANDHANBNK, 4.BIOCON, 5.CANBK, 6.HINDCOPPER, 7.INDIACEM, 8.INDUSTOWER, 9.NATIONALUM, 10.SAIL, 11.ZEEL (Source - nseindia.com)
FIIs were net sellers in the cash market segment to the tune of Rs. 755 cr. Simultaneously, they bought worth Rs. 720 cr in Index futures with an increase in open interest, suggesting long addition. On the derivatives front, we observed a decent long addition in the benchmark index, while Bank Nifty witnessed strong short covering levitating the market sentiments. On the options front, decent piling of OI is seen from 22000-22100 put strikes, suggesting an upshift in the support base. Meanwhile, the build-up remained scattered on the call side. The stronger hands added decent long sin index futures but were net sellers in equities. Considering FIIs buying and writing in put the biasness remains optimistic with 21900-22000 providing immediate cushioning.

Stock Market Wisdom | Swing Trading

16 Feb 2024 04:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21890 S2 - 21775
R1 - 22075 R2 - 22140

BankNifty Futures :
S1 - 45880 S2 - 45390
R1 - 46650 R2 - 46950

FinNifty Futures :
S1 - 20310 S2 - 20150
R1 - 20570 R2 - 20660

MIDCPNIFTY :
S1 - 10830 S2 - 10760
R1 - 10940 R2 - 11000

S&P BSESENSX :
S1 - 71750 S2 - 71450
R1 - 72250 R2 - 72500

Nifty Highest Open Interest (22nd Feb Weekly expiry) : Call: 22000 / Put : 21000

FII DATA as on 15/02/2024 (fig in crores) Cash Market
FII Net -3064.15
FII Buy 13657.88
FII Sell 16722.03

India Vix : 15.22

GIFT Nifty: 22092

Securities in Ban For Trade Date 16-FEB-2024 - 1.ABFRL, 2.ASHOKLEY, 3. BALRAMCHIN, 4.BANDHANBNK, 5.BIOCON, 6.CANBK, 7.DELTACORP, 8.HINDCOPPER, 9.INDIACEM, 10.INDUSTOWER, 11.SAIL, 12. ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 3064 cr. Simultaneously, they bought worth Rs. 492 cr in Index futures with a decrease in open interest, suggesting short covering. On the derivatives front, we observed short covering in both key indices. On the options front, a decent piling of OI is seen from 21900-21700 put strikes, with the highest OI concentration seen at 21700 PE, suggesting a strong support zone. On the higher end, 22000 call strike withholds the highest OI concentration, indicating a sturdy nearby resistance. The Long Short Ratio slightly advanced to 36% from 34% at the start of the week. Considering the data, some buoyancy could be sensed with the upshift in the support zone; however, a decisive surpass beyond the sturdy resilience of the 22000 mark could only trigger fresh momentum. At current juncture it is advisable to avoid aggressive bets and wait for the breach to occur.

Stock Market Wisdom | Swing Trading

03 May 2024 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22700 S2 - 22600
R1 - 22950 R2 - 23050

BankNifty Futures :
S1 - 49100 S2 - 48800
R1 - 49600 R2 - 50000

FinNifty Futures :
S1 - 21850 S2 - 21750
R1 - 22000 R2 - 22130

MIDCPNIFTY :
S1 - 11050 S2 - 10950
R1 - 11200 R2 - 11300

S&P BSESENSX :
S1 - 74350 S2 - 74000
R1 - 74850 R2 - 75200

Nifty Highest Open Interest (9th May Weekly expiry) : Call: 23500 / Put : 22000

GIFT Nifty: 22887

❇️Today's Results - TITAN, ADANIGREEN, BRITANNIA, GODREJPROP, MRF, MRPL

Stock Market Wisdom | Swing Trading

29 Apr 2024 05:35

Support / Resistance : Intraday

Nifty Futures :
S1 - 22490 S2 - 22400
R1 - 22770 R2 - 22900

BankNifty Futures :
S1 - 48100 S2 - 47700
R1 - 48700 R2 - 49000

FinNifty Futures :
S1 - 21300 S2 - 21200
R1 - 21420 R2 - 21500

MIDCPNIFTY :
S1 - 10830 S2 - 10750
R1 - 10940 R2 - 11000

S&P BSESENSX :
S1 - 73400 S2 - 73050
R1 - 74000 R2 - 74300

Nifty Highest Open Interest (2nd May Weekly expiry) : Call: 23500 / Put : 21500

GIFT Nifty: 22640

Securities in Ban For Trade Date 29-Apr-2024 - 1.IDEA (Source - nseindia.com)

Key Events This Week (Happy Fed Week!):

1. CB Consumer Confidence data - Tuesday

2. JOLTs Jobs data - Wednesday

3. Fed Interest Rate Decision - Wednesday

4. ISM Non-Manufacturing PMI data - Friday

5. April Jobs Report data - Friday

6. ~20% of S&P 500 companies report earnings

We have a massive week ahead of us.

Stock Market Wisdom | Swing Trading

15 Apr 2024 05:38

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22360 S2 - 22200
R1 - 22700 R2 - 22830

BankNifty Futures :
S1 - 48500 S2 - 48200
R1 - 48900 R2 - 49200

FinNifty Futures :
S1 - 21500 S2 - 21400
R1 - 21670 R2 - 21750

MIDCPNIFTY :
S1 - 10870 S2 - 10800
R1 - 11000 R2 - 11070

S&P BSESENSX :
S1 - 74000 S2 - 73700
R1 - 74500 R2 - 74800

Nifty Highest Open Interest (18th Apr Weekly expiry) : Call: 22700 / Put : 22200

FII DATA as on 12/04/2024 (fig in crores) Cash Market
FII Net (8,027.00)
FII Buy 15,405.32
FII Sell 23,432.32
India Vix : 11.53

GIFT Nifty: 22467

Securities in Ban For Trade Date 15-Apr-2024 - 1.BALRAMCHINI, 2.GNFC, 3.HINDCOPPER, 4.IDEA, 5.INDIACEM, 6.METROPOLIS, 7.NATIONALUM, 8.PEL, 9.ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 8027 crore. Simultaneously, they sold worth Rs. 1997 crore in Index futures with a fall in open interest, indicating long unwinding. On the derivatives front, long unwinding was seen in both key indices in the last session. On the options front, a scattered piling was seen from 22500-22400 put strikes, while the highest OI concentration was seen at 22200 PE, indicating a downshift in the support base. On the flip side, 22700 call strike holds the highest OI positioning, suggesting it to act as strong resistance for the upcoming week. The stronger hands added decent longs in index futures during the first half of the week while curtailing some in the last session. Overall, the Long Short Ratio soared to 56% from 43% on a week- over-week basis. Considering the data, our market seems to be a bit hesitant at the elevated zone and might attract volatility in the near period.

Stock Market Wisdom | Swing Trading

10 Apr 2024 05:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22680 S2 - 22550
R1 - 22900 R2 - 23000

BankNifty Futures :
S1 - 48600 S2 - 48350
R1 - 49100 R2 - 49300

FinNifty Futures :
S1 - 21650 S2 - 21570
R1 - 21800 R2 - 21880

MIDCPNIFTY :
S1 - 10830 S2 - 10730
R1 - 10930 R2 - 11000

S&P BSESENSX :
S1 - 74400 S2 - 74000
R1 - 74950 R2 - 75300

Nifty Highest Open Interest (10th Apr Weekly expiry) : Call: 23000 / Put : 22500

FII DATA as on 09/04/2024 (fig in crores) Cash Market
FII Net (593.20)
FII Buy 13,964.84
FII Sell 14,558.04

India Vix : 11.36

GIFT Nifty: 22820

Securities in Ban For Trade Date 10-Apr-2024 - 1.BANDHANBNK, 2.EXIDEIND, 3.HINDCOPPER, 4.IDEA, 5.INDIACEM, 6.SAIL, 7.ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 593 crore. Simultaneously, they bought worth Rs. 2485 crore in Index futures with a rise in open interest, indicating long formation. On the derivatives front, we observed insignificant developments in the key indices. On the options front, Put writers were seen drifting positions toward 22500- 22400 strikes, suggesting a downshift in the support base. On the higher end, a decent piling of OI is seen at 22700-22800 call strikes, indicating a nearby resistance zone for Nifty. The stronger hands added fresh longs in the index futures segment, advancing the Long Short Ratio to 51% from 43% at the start of the week. Considering the data, our markets seem a bit hesitant at elevated levels, and it is advisable to stay cautious near strong resistance and refrain from aggressive long bets for the time being.

❇️Today's Event - FOMC Minutes

Stock Market Wisdom | Swing Trading

03 Apr 2024 05:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22400 S2 - 22300
R1 - 22650 R2 - 22750

BankNifty Futures :
S1 - 47600 S2 - 47200
R1 - 48200 R2 - 48500

FinNifty Futures :
S1 - 21250 S2 - 21150
R1 - 21360 R2 - 21450

MIDCPNIFTY :
S1 - 10700 S2 - 10620
R1 - 10830 R2 - 10900

S&P BSESENSX :
S1 - 73700 S2 - 73400
R1 - 74200 R2 - 74550

Nifty Highest Open Interest (4th Apr Weekly expiry) : Call: 23000 / Put : 22000

FII DATA as on 2/04/2024 (fig in crores) Cash Market
FII Net (1,622.69)
FII Buy 13,279.04
FII Sell 14,901.73
India Vix : 11.65

GIFT Nifty: 22455

Securities in Ban For Trade Date 03-Apr-2024 - 1.HINDCOPPER (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1623 crore. Simultaneously, they bought worth Rs. 678 crore in Index futures with a rise in open interest, indicating long formation. On the derivatives front, we merely observed any relevant build-up in key indices. The call writers remained adamant and added fresh bets. On the flip side, the 22400 put strike remained active. Foreign Institutional Investors have added some fresh longs in the index futures segment but were net sellers in equities. For now, 22200-22000 is likely to provide a cushion in case of intra-week declines, and on the upside, 22500 remains the intermediate resistance; breaching the same on a closing basis shall propel the next leg of the rally.

Stock Market Wisdom | Swing Trading

27 Mar 2024 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21900 S2 - 21750
R1 - 22200 R2 - 22330

BankNifty Futures :
S1 - 46450 S2 - 46050
R1 - 47000 R2 - 47400

FinNifty Futures :
S1 - 20850 S2 - 20750
R1 - 21000 R2 - 21100

MIDCPNIFTY :
S1 - 10400 S2 - 10300
R1 - 10560 R2 - 10650

S&P BSESENSX :
S1 - 72200 S2 - 71900
R1 - 72700 R2 - 73000

Nifty Highest Open Interest (28th Mar Monthly expiry) : Call: 22500 / Put : 22000

FII DATA as on 26/03/2024 (fig in crores) Cash Market
FII Net 10.13
FII Buy 22,714.11
FII Sell 22,703.98

India Vix : 12.82

GIFT Nifty: 22050

Securities in Ban For Trade Date 27-Mar-2024 - 1.SAIL (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 10 crore. Simultaneously, they sold worth Rs. 881 crore in Index futures with a fall in open interest, hinting at long unwinding. On the derivatives front, we hardly saw any meaningful open interest activity in key indices at the start of the expiry week. On the options front, the highest OI concentration is seen at 22000 put strikes, followed by 21900-21800 strikes. On the flip side, scattered piling of OI is seen from 22000 to 22300 call strikes, suggesting a series of nearby resistance. FIIs have curtailed some longs in the system, resulting in a fall in the ‘Long Short Ratio’ to 33% from 35% WoW. Considering the data, our market seems tentative with no clear trend, hence, it is advisable to maintain caution and avoid aggressive trades for the time being.

Stock Market Wisdom | Swing Trading

18 Mar 2024 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22000 S2 - 21900
R1 - 22220 R2 - 22300

BankNifty Futures :
S1 - 46450 S2 - 46100
R1 - 46950 R2 - 47250

FinNifty Futures :
S1 - 20600 S2 - 20500
R1 - 20750 R2 - 20850

MIDCPNIFTY :
S1 - 10430 S2 - 10350
R1 - 10550 R2 - 10650

S&P BSESENSX :
S1 - 72400 S2 - 72100
R1 - 72900 R2 - 73200

Nifty Highest Open Interest (21st Mar Weekly expiry) : Call: 23000 / Put : 21000

FII DATA as on 15/03/2024 (fig in crores) Cash Market
FII Net 848.56
FII Buy 49,504.55
FII Sell 48,655.99
India Vix : 13.69

GIFT Nifty: 22070

FIIs were net buyers in the cash market segment to the tune of Rs. 849 cr. Simultaneously, they sold worth Rs. 633 cr in Index futures with a decrease in open interest, suggesting long unwinding. On the derivatives front, the key indices added bearish bets during the week. Regarding options, there is a downshift in the support base with put writers adding decent OI in 22000 to 21800 strikes for the upcoming weekly series. On the flip side, scattered piling of OI is seen from 22000-22300 call strikes, suggesting a series of intermediate resistances. The Stronger hands turned net sellers in index futures, resulting in a correction to the Long Short Ratio to 38% from 42% on a WoW basis. Considering the data, the undertone turned bearish with the strong sell-off in the broader markets. Hence, it is advisable to avoid aggressive bets in the indices for the time being and maintain exclusivity in stock selection.

Stock Market Wisdom | Swing Trading

07 Mar 2024 04:39

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22500 S2 - 22400
R1 - 22710 R2 - 22800

BankNifty Futures :
S1 - 47800 S2 - 47500
R1 - 48400 R2 - 48700

FinNifty Futures :
S1 - 21000 S2 - 20920
R1 - 21150 R2 - 21250

MIDCPNIFTY :
S1 - 10830 S2 - 10750
R1 - 10950 R2 - 11030

S&P BSESENSX :
S1 - 73800 S2 - 73500
R1 - 74400 R2 - 74700

Nifty Highest Open Interest (7thth Mar Weekly expiry) : Call: 23000 / Put : 22000

FII DATA as on 06/03/2024 (fig in crores) Cash Market
FII Net 2,766.75
FII Buy 19,849.42
FII Sell 17,082.67
India Vix : 14.29

GIFT Nifty: 22643

Securities in Ban For Trade Date 07-Mar-2024 - 1.MANAPPURAM, 2.MGL, 3.ZEEL (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 2767 cr. Simultaneously, they bought worth Rs. 1396 cr in Index futures with an increase in open interest, suggesting fresh long addition. On the derivatives front, Nifty saw the addition of long positions, while the banking index witnessed a blend of short covering and the addition of bullish bets. As for options, there was massive writing observed in the 22400-22300 put strikes leading up to the weekly settlement day. On the flip side, open interest activity on the call side remained scattered between the 22500- 22700 strike. Stronger hands turned net buyers in equities and index futures. The Long Short Ratio improved to 40%, up from the 35% observed the previous Friday. Though the market has been showing strength we would advocate avoiding being complacent and keep booking timely profits.

Stock Market Wisdom | Swing Trading

04 Mar 2024 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22450 S2 - 22350
R1 - 22600 R2 - 22680

BankNifty Futures :
S1 - 47450 S2 - 47200
R1 - 47800 R2 - 48100

FinNifty Futures :
S1 - 20930 S2 - 20850
R1 - 21050 R2 - 21120

MIDCPNIFTY :
S1 - 10910 S2 - 10850
R1 - 11030 R2 - 11100

S&P BSESENSX :
S1 - 73500 S2 - 73200
R1 - 74100 R2 - 74400

Nifty Highest Open Interest (7thth Mar Weekly expiry) : Call: 23000 / Put : 22000

FII DATA as on 02/03/2024 (fig in crores) Cash Market
FII Net (81.87)
FII Buy 49.52
FII Sell 131.39
India Vix : 14.99

GIFT Nifty: 22520

Securities in Ban For Trade Date 04-Mar-2024 - 1. ZEEL (Source - nseindia.com)

Stock Market Wisdom | Swing Trading

28 Feb 2024 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22130 S2 - 22050
R1 - 22300 R2 - 22380

BankNifty Futures :
S1 - 46350 S2 - 46100
R1 - 46800 R2 - 47100

FinNifty Futures :
S1 - 20600 S2 - 20520
R1 - 20740 R2 - 20830

MIDCPNIFTY :
S1 - 10930 S2 - 10850
R1 - 11080 R2 - 11150

S&P BSESENSX :
S1 - 72800 S2 - 72500
R1 - 73300 R2 - 73600

Nifty Highest Open Interest (29th Feb Monthly expiry) : Call: 23000 / Put : 21500

FII DATA as on 27/02/2024 (fig in crores) Cash Market
FII Net (1,509.16)
FII Buy 16,400.68
FII Sell 17,909.84

India Vix : 15.72

GIFT Nifty: 22223

Securities in Ban For Trade Date 28-FEB-2024 - 1.ABFRL, 2.CANBK, 3.INDUSTOWER, 4.SAIL, 5.ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1509 cr. Simultaneously, they bought worth Rs. 139 cr in Index futures with a slight increase in open interest, suggesting long addition. On the derivatives front, insignificant developments were seen in both the key indices. On the options front, the highest concentration of OI is seen at 22000 put strike, followed by 221000 PE, indicating a strong nearby support zone for the monthly expiry. On the higher end, scattered piling of OI is seen from 22200- 22500 call strikes, suggesting a series of resistance. FIIs added longs in index futures; the long-short ratio slightly advanced to 46% from 45%. Considering the data, our market is likely to hover within a confined range with bullish biases. We would advocate traders to have a pragmatic approach and avoid being aggressive for the time being.

Stock Market Wisdom | Swing Trading

26 Feb 2024 05:43

🟢ABMINTLLTD BUYING RANGE 60 - 40
STOPLOSS 31
TARGET 95/120/133

Stock Market Wisdom | Swing Trading

23 Feb 2024 04:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22150 S2 - 22030
R1 - 22370 R2 - 22470

BankNifty Futures :
S1 - 46650 S2 - 46300
R1 - 47200 R2 - 47450

FinNifty Futures :
S1 - 20600 S2 - 20500
R1 - 20750 R2 - 20850

MIDCPNIFTY :
S1 - 10900 S2 - 10800
R1 - 11050 R2 - 11130

S&P BSESENSX :
S1 - 72800 S2 - 72400
R1 - 73500 R2 - 73900

Nifty Highest Open Interest (29th Feb Monthly expiry) : Call: 23000 / Put : 21000

*FII DATA
as on 22/02/2024
(fig in crores) Cash Market
FII Net (1,410.05)
FII Buy 14,376.57
FII Sell 15,786.62

India Vix : 15.20

GIFT Nifty: 22311

Securities in Ban For Trade Date 23-FEB-2024 - 1.ABFRL, 2.ASHOKLEY, 3. BALRAMCHIN, 4.BANDHANBNK, 5.BIOCON, 6.GMRINFRA, 7.GNFC, 8.HINDCOPPER, 9.INDUSTOWER, 10.NATIONALUM, 11.PEL, 12.PVRINOX, 13.RBLBANK, 14.SAIL, 15.ZEEL(Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1410 cr. Simultaneously, they bought worth Rs. 1362 cr in Index futures with a fall in open interest, suggesting short covering. On the derivatives front, the Nifty added decent bullish bets, and the banking index rebounded due to short covering in the weekly series settlement. On the options front, the build-up remained scattered in the upcoming monthly series. With yesterday’s recovery, the 21900 zone has gained more importance and is likely to act as a strong demand zone in the near term. On the upside, any follow-up buying can bring the index towards the 21400-21500 zone.

Stock Market Wisdom | Swing Trading

21 Feb 2024 04:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22130 S2 - 22030
R1 - 22320 R2 - 22420

BankNifty Futures :
S1 - 46850 S2 - 46500
R1 - 47450 R2 - 47750

FinNifty Futures :
S1 - 20750 S2 - 20650
R1 - 20890 R2 - 20970

MIDCPNIFTY :
S1 - 10930 S2 - 10860
R1 - 11030 R2 - 11100

S&P BSESENSX :
S1 - 72700 S2 - 72300
R1 - 73300 R2 - 73600

Nifty Highest Open Interest (22nd Feb Weekly expiry) : Call: 23000 / Put : 22000

FII DATA as on 20/02/2024 (fig in crores) Cash Market
FII Net (1,335.51)
FII Buy 14,870.68
FII Sell 16,206.19

India Vix : 16.07

GIFT Nifty: 22253

Securities in Ban For Trade Date 21-FEB-2024 - 1.BALRAMCHIN, 2.BANDHANBNK, 3. BIOCON, 4.CANBK, 5.GMRINFRA, 6.GNFC, 7.HINDCOPPER, 8.INDIACEM, 9.INDUSTOWER, 10.NATIONALUM, 11.RBLBANK, 12.SAIL, 13.ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1336 cr. Simultaneously, they bought worth Rs. 618 cr in Index futures with marginal change in open interest, suggesting a mix of short covering and long addition. On the derivatives front, we haven’t observed any relevant open interest activity in key indices. On the options front, decent piling of OI is seen from 22100 - 22200 put strikes, suggesting an upshift in the support base. Meanwhile, the build-up on the call side remained insignificant. The stronger hands added decent longs in index futures but were net sellers in equities. Considering FIIs buying and writing in put the biasness remains optimistic with 21900-22000 providing immediate cushioning. Follow-up buying especially in banking index can drive Nifty towards 22400-22500 zone.

Stock Market Wisdom | Swing Trading

19 Feb 2024 04:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 22030 S2 - 21930
R1 - 22210 R2 - 22300

BankNifty Futures :
S1 - 46250 S2 - 46000
R1 - 46800 R2 - 47100

FinNifty Futures :
S1 - 20450 S2 - 20350
R1 - 20570 R2 - 20650

MIDCPNIFTY :
S1 - 10970 S2 - 10900
R1 - 11080 R2 - 11150

S&P BSESENSX :
S1 - 72200 S2 - 71900
R1 - 72700 R2 - 73000

Nifty Highest Open Interest (22nd Feb Weekly expiry) : Call: 23000 / Put : 21000

FII DATA as on 16/02/2024 (fig in crores) Cash Market
FII Net 253.28
FII Buy 13,802.04
FII Sell 13,548.76

India Vix : 15.22

GIFT Nifty: 22146

Securities in Ban For Trade Date 19-FEB-2024 - 1.ABFRL, 2.ASHOKLEY, 3. BALRAMCHIN, 4.BANDHANBNK, 5.CANBK, 6.DELTACORP, 7.HINDCOPPER, 8.INDIACEM, 9.INDUSTOWER, 10.NATIONALUM, 11.SAIL, 12. ZEEL (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 253 cr. Simultaneously, they bought worth Rs. 640 cr in Index futures with an increase in open interest, suggesting long addition. On the derivatives front, we observed a decent long addition in the benchmark index in the previous week, while Bank Nifty witnessed strong short covering levitating the market sentiments. On the options front, decent piling of OI is seen from 22000-21700 put strikes, suggesting an upshift in the support base. Meanwhile, the build-up remained scattered from 22000-22300 on the call writers’ front. The stronger hands added decent longs, advancing the Long Short Ratio to 38% from 34% WoW; the PCR-OI of Nifty inched above 1.20. For now, the benchmark index is placed at a critical point, and it is advisable to patiently wait for the breakout and avoid complacency.

Stock Market Wisdom | Swing Trading

15 Feb 2024 04:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21700 S2 - 21475
R1 - 22050 R2 - 22175

BankNifty Futures :
S1 - 45300 S2 - 44500
R1 - 46600 R2 - 47150

FinNifty Futures :
S1 - 20110 S2 - 19830
R1 - 20570 R2 - 20740

MIDCPNIFTY :
S1 - 10600 S2 - 10450
R1 - 10860 R2 - 10960

S&P BSESENSX :
S1 - 71100 S2 - 70400
R1 - 72250 R2 - 72650

Nifty Highest Open Interest (15th Feb Weekly expiry) : Call: 22000 / Put : 21000

FII DATA as on 14/02/2024 (fig in crores) Cash Market
FII Net -3929.60
FII Buy 18323.11
FII Sell 22252.71
India Vix : 15.44

GIFT Nifty: 21987

Securities in Ban For Trade Date 15-FEB-2024 - 1.ABFRL, 2.ASHOKLEY, 3. AUROPHARMA, 4.BALRAMCHIN, 5.BANDHANBNK, 6.BIOCON, 7.DELTACORP, 8.HINDCOPPER, 9.INDIACEM, 10.INDUSTOWER, 11.NATIONALUM, 12. PNB, 13.SAIL, 14.ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 3930 cr. Simultaneously, they sold worth Rs. 87 cr in Index futures with a slight increase in open interest, suggesting short additions.
On the derivatives front, we observed a mixed trade in both key indices ahead of weekly settlement. On the options front, scattered piling of OI is seen from 21800-21500 put strikes, suggesting a series of support zones. On the higher end, 22000 call strike withholds the highest OI concentration, indicating a sturdy nearby resistance. Considering the data, the benchmark index is placed near the vicinity of strong resistance and hence, it is advisable to avoid aggressive long bets. On the other hand, dips are auguring well for the bulls; traders need to follow a pragmatic approach and act accordingly.