Stock Market Wisdom | Swing Trading

20 Sep 2023 05:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20020 S2 - 19940
R1 - 20230 R2 - 20300

BankNifty Futures :
S1 - 45850 S2 - 45550
R1 - 46300 R2 - 46600

Nifty Highest Open Interest (21st Sep Weekly expiry) : Call: 20200 / Put : 20100

FII DATA as on 18/09/2023 (fig in crores) Cash Market
FII Net (1,236.51)
FII Buy 7,520.34
FII Sell 8,756.85

India Vix : 10.84

GIFT Nifty: 20077

Securities in Ban For Trade Date 20 - SEP -2023 - 1.BALRAMCHINI, 2.BHEL, 3.CHAMBLFERT, 4.DELTACORP, 5.IBULHSGFIN, 6.IEX, 7.MANAPPURAM, 8.PNB, 9.RECLTD, 10.ZEEL (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 1237 cr. Simultaneously, in Index futures, they sold worth Rs. 332 cr with a decrease in open interest, suggesting long unwinding. On the derivatives front, we witnessed decent long unwinding in key indices. On the options front, some unwinding was witnessed in 20150-20200 put strikes. On the flip side, the build-up remained scattered between 20150-20500 call options. FIIs turned net sellers in equities and index futures as well. Considering the above data points, the market seems upbeat but would advocate avoiding being complacent after the rally and utilizing dips to add long bets in the system.

Stock Market Wisdom | Swing Trading

14 Sep 2023 07:07

#METROPOLIS BUY AT YOUR COMFORT FOR LONG TERM RISK REWARD IS GOOD 👍

Stock Market Wisdom | Swing Trading

13 Sep 2023 05:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19980 S2 - 19900
R1 - 20100 R2 - 20180

BankNifty Futures :
S1 - 45400 S2 - 45100
R1 - 45850 R2 - 46100

Nifty Highest Open Interest (14th Sep Weekly expiry) : Call: 20100 / Put : 19900

FII DATA as on 12/09/2023 (fig in crores) Cash Market
FII Net (1,047.19)
FII Buy 13,653.37
FII Sell 14,700.56

India Vix : 11.69

GIFT Nifty: 20045

Securities in Ban For Trade Date 13 - SEP -2023 - 1.BHEL, 2.CHAMBLFERT, 3.DELTACORP, 4.HINDCOPPER, 5.IBULHSGFIN, 6.IEX, 7.INDIACEM, 8.MANAPPURAM, 9.NATIONALUM, 10.SAIL (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 1047 cr. Simultaneously, in Index futures, they bought worth Rs. 1106 cr with an increase in open interest, suggesting long addition. On the derivatives front, we witnessed a mixed trade in key indices with negligible changes. On the options front, strong piling in OI is seen at 19900-19800 put strikes, indicating nearby support. On the flip side, the 20100-call option has the highest OI concentration, suggesting the immediate resistance for Nifty. The stronger hands continued their long bets in the index futures, advancing the ‘Long Short Ratio' to 63% from 60%. Considering the above data points, the undertone remains buoyant, but one needs to avoid complacency and utilize dips to add long bets in the system.

Stock Market Wisdom | Swing Trading

12 Sep 2023 05:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19980 S2 - 19900
R1 - 20200 R2 - 20280

BankNifty Futures :
S1 - 45500 S2 - 45200
R1 - 45900 R2 - 46200

Nifty Highest Open Interest (14th Sep Weekly expiry) : Call: 20100 / Put : 19900

FII DATA as on 11/09/2023 (fig in crores) Cash Market
FII Net 1,473.09
FII Buy 11,469.51
FII Sell 9,996.42

India Vix : 11.35

GIFT Nifty: 20135

Securities in Ban For Trade Date 12 - SEP -2023 - 1. BHEL, 2.CHAMBLFERT, 3.DELTACORP, 4.HINDCOPPER, 5.IBULHSGFIN, 6.INDIACEM, 7. MANAPPURAM, 8. PNB, 9. SAIL (Source - nseindia.com)

🎉FIIs were net buyers in the cash market segment to the tune of Rs. 1473 cr. Simultaneously, in Index futures, they bought worth Rs. 788 cr with an increase in open interest, suggesting long addition. On the derivatives front, the up move was supported by fresh longs in Nifty while BankNifty rallied on the back of short covering. On the options front, strong piling in OI is seen at 19900-20000 put strikes, with the highest OI concentration at 19900 PE, indicating a strong nearby support. On the flip side, the 20100 call option attracts traders’ attention, showcasing an encouraging sign for the bulls. Considering the above data points, we remain upbeat, but at the same time need to avoid complacency and focus on ‘Buy on Dip’ strategy.

Stock Market Wisdom | Swing Trading

07 Sep 2023 07:38

36 HIGH FROM 29.60

22% MOVE DONE SO FAR ✌️

Stock Market Wisdom | Swing Trading

07 Sep 2023 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19580 S2 - 19500
R1 - 19720 R2 - 19800

BankNifty Futures :
S1 - 44400 S2 - 44100
R1 - 44850 R2 - 45150

Nifty Highest Open Interest (7th Sep Weekly expiry) : Call: 19700 / Put : 19500

FII DATA as on 06/09/2023 (fig in crores) Cash Market
FII Net (3,245.86)
FII Buy 9,994.21
FII Sell 13,240.07

India Vix : 10.67

GIFT Nifty: 19630

Securities in Ban For Trade Date 07 - SEP -2023 - 1. BALRAMCHINI, 2.BHEL, 3.DELTACORP, 4.HINDCOPPER, 5.IBULHSGFIN, 6.INDIACEM, 7. MANAPPURAM, 8. SAIL (Source - nseindia.com)

Stock Market Wisdom | Swing Trading

04 Sep 2023 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19460 S2 - 19380
R1 - 19630 R2 - 19700

BankNifty Futures :
S1 - 44400 S2 - 44100
R1 - 44800 R2 - 45100

Nifty Highest Open Interest (7th Sep Weekly expiry) : Call: 19600 / Put : 19300

FII DATA as on 01/09/2023 (fig in crores) Cash Market
FII Net 487.94
FII Buy 15,219.61
FII Sell 14,731.67

India Vix : 11.36

GIFT Nifty: 19565

Securities in Ban For Trade Date 04 - SEP -2023 - 1. IBULHSGFIN (Source - nseindia.com)

🎉FIIs were net buyers in the cash market segment to the tune of Rs. 488 cr. Simultaneously, in Index futures, they bought worth Rs. 98 cr with a fall in open interest, suggesting short covering. On the derivatives front, short covering was seen in the key indices at the start of Sep month contract. On the options front, 19300-19400 put strikes added meaningful bets, suggesting a nearby support zone. On the higher end, a decent piling of OI is seen at 19500-19600 call strikes, which would be a crucial resistance zone in the upcoming week. FIIs activity in equities remained mixed but preferred curtailing shorts in the index futures segment, eventually leading to a rise in the ‘Long Short Ratio’ to 51% from 40% in the previous week. Considering the mentioned data, the undertone seems buoyant, but a range breakout could only dictate the near-term trend in our market.

Stock Market Wisdom | Swing Trading

01 Sep 2023 05:38

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19330 S2 - 19250
R1 - 19470 R2 - 19550

BankNifty Futures :
S1 - 44050 S2 - 43750
R1 - 44500 R2 - 44800

Nifty Highest Open Interest (7th Sep Weekly expiry) : Call: 19400 / Put : 19200

FII DATA as on 31/08/2023 (fig in crores) Cash Market
FII Net (2,973.10)
FII Buy 47,666.11
FII Sell 50,639.21

India Vix : 12.06

GIFT Nifty: 19385

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 2973 cr. Simultaneously, in Index futures, they sold worth Rs. 2490 cr with a fall in open interest, suggesting long unwinding. On the derivatives front, a mixed day of trade was seen in the key indices on the monthly expiry. On the options front, the 19200 put strike has witnessed a decent piling in OI, suggesting a nearby support zone. On the flip side, the 19400 call strike has seen some additions in the OI, indicating stiff nearby resistance. The stronger hands continued their selling spree in the cash segment. Considering the mentioned data, the index is expected to hover within the mentioned range, while any breakthrough on either side would likely dictate the near-term trend.

Stock Market Wisdom | Swing Trading

30 Aug 2023 05:32

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19280 S2 - 19200
R1 - 19480 R2 - 19550

BankNifty Futures :
S1 - 44300 S2 - 44000
R1 - 44700 R2 - 45000

Nifty Highest Open Interest (31st Aug Monthly expiry) : Call: 19500 / Put : 19300

FII DATA as on 29/08/2023 (fig in crores) Cash Market
FII Net 61.51
FII Buy 10,515.48
FII Sell 10,453.97

India Vix : 12.2

GIFT Nifty: 19427

Securities in Ban For Trade Date 30 - AUG -2023 - 1. ESCORTS, 2. GMRINFRA, 3. HINDCOPPER, 4. IBULHSGFIN, 5. MANAPPURAM, 6. RBLBANK, 7. SUNTV (Source - nseindia.com)

🎉FIIs were net buyers in the cash market segment to the tune of Rs. 61.51 cr. Simultaneously, in Index futures, they bought worth Rs. 559 cr with a rise in open interest, suggesting long formation. On the derivatives front, a mixed day of trade was seen in the key indices. On the options front, the highest OI concentration is seen at 19300 put strike, followed by strong piled-up positions from 19250 - 19200 PE, suggesting a nearby support zone. On the flip side, 19400-19500 call strikes have decent positioning of OI, indicating a stiff resistance. The ‘Long Short Ratio’ has slightly improved to 45% from 43%, on the back of FIIs long positioning. Considering the mentioned data, the undertone seems buoyant, wherein any blip towards the support zone is likely to augur well for the bulls.

Stock Market Wisdom | Swing Trading

28 Aug 2023 05:32

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19200 S2 - 19120
R1 - 19330 R2 - 19400

BankNifty Futures :
S1 - 44000 S2 - 43700
R1 - 44450 R2 - 44750

Nifty Highest Open Interest (31st Aug Monthly expiry) : Call: 19500 / Put : 19000

FII DATA as on 25/08/2023 (fig in crores) Cash Market
FII Net (4,638.21)
FII Buy 10,929.61
FII Sell 15,567.82

India Vix : 12.08

Securities in Ban For Trade Date 28 - AUG -2023 - 1. BHEL, 2. ESCORTS, 3. GMRINFRA, 4. HINDCOPPER, 5. INDIACEM, 6. MANAPPURAM, 7. RBLBANK, 8. SUNTV(Source - nseindia.com)

Stock Market Wisdom | Swing Trading

24 Aug 2023 05:38

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19370 S2 - 19300
R1 - 19580 R2 - 19670

BankNifty Futures :
S1 - 44300 S2 - 44000
R1 - 44750 R2 - 45050

Nifty Highest Open Interest (24th Aug Weekly expiry) : Call: 19500 / Put : 19300

FII DATA as on 23/08/2023 (fig in crores) Cash Market
FII Net 614.32
FII Buy 9,419.37
FII Sell 8,805.05

India Vix : 11.72

GIFT Nifty: 19517

Securities in Ban For Trade Date 24 - AUG -2023 - 1. BHEL, 2. DELTACORP, 3. ESCORTS, 4. GNFC, 5. HINDCOPPER, 6. IBULHSGFIN, 7. INDIACEM, 8. MANAPPURAM, 9.METROPOLIS, 10. PNB, 11. SUNTV (Source - nseindia.com)

🎉FIIs were net buyers in the cash market segment to the tune of Rs. 614 cr. Simultaneously, in Index futures, they bought worth Rs. 505 cr with a rise in open interest, suggesting addition of fresh longs. On the derivatives front, the open interest activity for Nifty remained subdued but fresh long formation was seen in banking index. On the options front, call writers of 19300-19400 strikes ran for shelter seeing a sustainable upmove. While on the flip side, the put writers are forming strong grip, PCR-OI stabilizes above 1. Interestingly, FIIs turned net buyers not only in equities buy also in index futures segment. FIIs 'Long Short Ratio' advanced to 45% from 39% seen on Friday. Considering the mentioned data, it is very important to see a sustainable move beyond 19400 - 19500 until then trader are advised to focus on banking space as they have just come off consolidation zone.

Stock Market Wisdom | Swing Trading

21 Aug 2023 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19270 S2 - 19180
R1 - 19380 R2 - 19450

BankNifty Futures :
S1 - 43750 S2 - 43450
R1 - 44150 R2 - 44450

Nifty Highest Open Interest (24th Aug Weekly expiry) : Call: 19400 / Put : 19300

FII DATA as on 18/08/2023 (fig in crores) Cash Market
FII Net (266.98)
FII Buy 12,302.17
FII Sell 12,569.15

India Vix : 12.14

GIFT Nifty: 19320

Securities in Ban For Trade Date 21 - AUG -2023 - 1. CHAMBLFERT, 1. DELTACORP, 3. GNFC, 4. GRANULES, 5.HINDCOPPER, 6. IBULHSGFIN, 7. INDIACEM, 8.MANAPPURAM 9. PNB, 10. SAIL, 11. ZEEL (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 267 cr. Simultaneously, in Index futures, they bought Rs. 1071 cr. with a decrease in open interest, suggesting short covering. On the derivatives front, short formations were seen in key indices on a weekly basis. On the options front, 19300-19200 put strikes have significant piling of open interest, indicating a nearby support zone. While on the flip side, the scattered positioning of OI can be seen from 19300-19600 call strikes, with the highest OI concentration at 19400 CE. The stronger hands added mixed bets in equities and with a strong short covering in the last session, the ‘Long Short Ratio’ slightly advanced to 42% from 40% on a WoW basis. Considering the mentioned data, our markets are likely to stay range bound and await some trigger to gain momentum.

Stock Market Wisdom | Swing Trading

17 Aug 2023 05:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19340 S2 - 19250
R1 - 19550 R2 - 19630

BankNifty Futures :
S1 - 43850 S2 - 43550
R1 - 44300 R2 - 44600

Nifty Highest Open Interest (17th Aug Weekly expiry) : Call: 19600 / Put : 19300

FII DATA as on 16/08/2023 (fig in crores) Cash Market
FII Net 722.76
FII Buy 21,055.98
FII Sell 20,333.22

India Vix : 12.12

GIFT Nifty: 19400

🎉FIIs were net buyers in the cash market segment to the tune of Rs. 723 cr. Simultaneously, in Index futures, they bought Rs. 221 cr. with a mere increase in open interest, suggesting long formation. On the derivatives front, a mixed day of trade was seen in key indices ahead of the weekly expiry. On the options front, strong piling of OI is seen at 19300 - 19400 put strikes, suggesting the immediate support zone. While on the higher end, the 19600-call strike holds the highest OI concentration, indicating a sturdy hurdle for Nifty. ‘Long Short Ratio’ marginally corrected to 39% from 40% on a weekly basis. Considering the data, the market tends to remain range bound, and hence, one needs to avoid aggressive bets for the time being.

Stock Market Wisdom | Swing Trading

14 Aug 2023 05:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19370 S2 - 19300
R1 - 19570 R2 - 19650

BankNifty Futures :
S1 - 44250 S2 - 44000
R1 - 44700 R2 - 45000

Nifty Highest Open Interest (17th Aug Weekly expiry) : Call: 19600 / Put : 19400

FII DATA as on 11/08/2023 (fig in crores) Cash Market
FII Net (3,073.28)
FII Buy 9,508.14
FII Sell 12,581.42

India Vix : 11.52

GIFT Nifty: 19428

Securities in Ban For Trade Date 14 - AUG -2023 - 1. BALRAMCHIN, 2. CHAMBLFERT, 3. DELTACORP, 4. GRANULES, 5. HINDCOPPER, 6. IBULHSGFIN, 7. INDIACEM, 8. MANAPPURAM, 9. ZEEL (Source - nseindia.com)

Today's Result - BALKRISIND, DIVISLAB, ITC, UFLEX, WOCKPHARMA

🎉FIIs were net sellers in the cash market segment, to the tune of Rs. 3073 cr. Simultaneously, in Index futures, they sold marginally with a rise in open interest, suggesting short formation. On the derivatives front, the open interest activity for Nifty remained muted but fresh short formation was observed in banking index on a weekly basis. On the options front, 19500 and 19600 call strikes added meaningful positions. On the other side, 19400 strikes added decent bets and holds highest open interest concentration now. The stronger hands added mixed bets in equities but remined net sellers index futures segment. Hence, their ‘Long Short Ratio’ cooled off to 40% from 44% on a weekly basis. Market is likely to remain in a consolidation mood and awaits some triggers to gain momentum.

Stock Market Wisdom | Swing Trading

11 Aug 2023 05:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19500 S2 - 19420
R1 - 19650 R2 - 19730

BankNifty Futures :
S1 - 44550 S2 - 44300
R1 - 45000 R2 - 45300

Nifty Highest Open Interest (17th Aug Weekly expiry) : Call: 19600 / Put : 19500

FII DATA as on 10/08/2023 (fig in crores) Cash Market
FII Net 331.22
FII Buy 11,533.43
FII Sell 11,202.21

India Vix : 11.40

GIFT Nifty: 19550

Securities in Ban For Trade Date 11 - AUG -2023 - 1. BALRAMCHIN, 2. CANFINHOME, 3. CHAMBLFERT, 4. DELTACORP, 5. GRANULES, 6. HINDCOPPER, 7. IBULHSGFIN, 8. MANAPPURAM, 9. ZEEL (Source - nseindia.com)

🎉FIIs were net buyers in the cash market segment, to the tune of Rs. 331 cr. Simultaneously, in Index futures, they sold worth Rs. 1162 crores with a rise in open interest, suggesting short formation. On the derivatives front, the open interest activity for Nifty remained muted but fresh short formation was observed in banking index. On the options front, the build-up remained scattered, but 19600 and 19700 call strikes added maximum positions. On the other side, 19500 strikes comparatively remained active and added decent bets too. The stronger hands turned net buyers in equities for second consecutive sessions but added shorts in index futures segment. Considering the above data points, the vicinity of 19500 remains an immediate support and until we manage to sustain above same would advocated avoid any bearish bets.

Stock Market Wisdom | Swing Trading

18 Sep 2023 05:30

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20130 S2 - 20050
R1 - 20300 R2 - 20380

BankNifty Futures :
S1 - 46050 S2 - 45750
R1 - 46500 R2 - 46800

Nifty Highest Open Interest (21st Sep Weekly expiry) : Call: 20300 / Put : 20100

FII DATA as on 15/09/2023 (fig in crores) Cash Market
FII Net 164.42
FII Buy 33,124.28
FII Sell 32,959.86

India Vix : 10.90

GIFT Nifty: 20188

Securities in Ban For Trade Date 18 - SEP -2023 - 1.BALRAMCHINI, 2.BHEL, 3.CHAMBLFERT, 4.HINDCOPPER, 5.IBULHSGFIN, 6.IEX, 7.INDIACEM, 8.MANAPPURAM. 9.RECLTD, 10.ZEEL (Source - nseindia.com)

🎉FIIs were net buyers in the cash market segment to the tune of Rs. 164 cr. Simultaneously, in Index futures, they bought worth Rs. 280 cr with a mere increase in open interest, suggesting long addition. On the derivatives front, the up move was supported by longs in Nifty, and Bank Nifty rallied due to short covering. On the options front, 20100 and 20000 put strikes added fresh bets. On the flip side, 20200 - 20300 call strikes have scattered piling of OI, indicating immediate resistance. FIIs remained buoyant and added longs in the index futures segment. Hence, their index futures Long Short Ratio surged to 66% from 58% WoW. Considering the above data points, the market seems upbeat but would advocate to avoid being complacent after the rally and utilize dips to add long bets in the system.

Stock Market Wisdom | Swing Trading

14 Sep 2023 05:39

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20070 S2 - 19980
R1 - 20240 R2 - 20330

BankNifty Futures :
S1 - 45800 S2 - 45500
R1 - 46200 R2 - 46500

Nifty Highest Open Interest (14th Sep Weekly expiry) : Call: 20100 / Put : 19900

FII DATA as on 13/09/2023 (fig in crores) Cash Market
FII Net (1,631.63)
FII Buy 10,375.25
FII Sell 12,006.88
India Vix : 11.83

GIFT Nifty: 20182

Securities in Ban For Trade Date 14 - SEP -2023 - 1.DELTACORP, 2.HINDCOPPER, 3.IBULHSGFIN, 4.IEX, 5.INDIACEM, 6.MANAPPURAM, 7.NATIONALUM, 8.RECLTD. 9.SAIL (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 1632 cr. Simultaneously, in Index futures, they bought worth Rs. 1269 cr with an increase in open interest, suggesting long addition. On the derivatives front, we witnessed a long addition in the benchmark index ahead of the weekly expiry. On the options front, strong piling in OI is seen at 20000-19900 put strikes, indicating strong nearby support. On the flip side, call writers shifted position to 20200 strike, suggesting an encouraging development for the Bulls. The stronger hands continued their long bets in the index futures, advancing the ‘Long Short ratio’ to 66% from 58% on a weekly basis. Considering the above data points, the undertone remains buoyant, wherein any dips towards the mentioned support are likely to augur well for the Bulls of D-Street.

Stock Market Wisdom | Swing Trading

12 Sep 2023 06:15

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Stock Market Wisdom | Swing Trading

07 Sep 2023 07:50

🟢M&MFIN LOOKING GOOD BTWN 295 - 280
TARGET 310/320/330

Stock Market Wisdom | Swing Trading

07 Sep 2023 07:37

25.60++ FROM 18.80💥🔥🚀🚀🚀

36% MOVE DONE SO FAR ✌️

Stock Market Wisdom | Swing Trading

06 Sep 2023 05:37

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19600 S2 - 19520
R1 - 19720 R2 - 19800

BankNifty Futures :
S1 - 44550 S2 - 44250
R1 - 45000 R2 - 45300

Nifty Highest Open Interest (7th Sep Weekly expiry) : Call: 19600 / Put : 19500

FII DATA as on 05/09/2023 (fig in crores) Cash Market
FII Net (1,725.11)
FII Buy 8,414.44
FII Sell 10,139.55

India Vix : 10.82

GIFT Nifty: 19660

Securities in Ban For Trade Date 06 - SEP -2023- 1. BALRAMCHINI, 2.BHEL, 3.DELTACORP, 4.HINDCOPPER, 5.IBULHSGFIN, 6.INDIACEM (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1725 cr. Simultaneously, in Index futures, they bought worth Rs. 270 cr with a fall in open interest, suggesting short covering. On the derivatives front, we observed mixed activity in Nifty and BankNifty. On the options front, 19500 - 19550 put strikes added meaningful bets, suggesting support shifting higher. On the higher end, no relevant build-up was seen in call strikes. FIIs remained net sellers in equities but preferred curtailing shorts in the index futures segment. Considering the mentioned data, the undertone seems buoyant and any move beyond 19600 looks very much on the cards now.

Stock Market Wisdom | Swing Trading

01 Sep 2023 05:40

NSE EQUITY STOCKS ENTRY AND STOPLOSS LEVELS ☝️

Stock Market Wisdom | Swing Trading

31 Aug 2023 05:37

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19280 S2 - 19200
R1 - 19430 R2 - 19500

BankNifty Futures :
S1 - 44000 S2 - 43700
R1 - 44450 R2 - 44750

Nifty Highest Open Interest (31st Aug Monthly expiry) : Call: 19500 / Put : 19300

FII DATA as on 30/08/2023 (fig in crores) Cash Market
FII Net (494.68)
FII Buy 10,211.33
FII Sell 10,706.01

India Vix : 11.80

Securities in Ban For Trade Date 31 - AUG -2023 - 1. BHEL, 2. IBULHSGFIN (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 495 cr. Simultaneously, in Index futures, they sold worth Rs. 13 cr with a rise in open interest, suggesting short formation. On the derivatives front, a mixed day of trade was seen in the key indices ahead of monthly expiry. On the options front, the highest OI concentration is seen at 19300 put strike, followed by 19200 PE, suggesting a nearby support zone. On the flip side, 19400-19500 call strikes have decent positioning of OI, indicating a stiff resistance. The ‘Long Short Ratio’ has slightly improved to 45% from 40% on a weekly basis. Considering the mentioned data the index is most likely to hover within the mentioned range on the monthly expiry

Stock Market Wisdom | Swing Trading

29 Aug 2023 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19270 S2 - 19200
R1 - 19400 R2 - 19480

BankNifty Futures :
S1 - 44300 S2 - 44000
R1 - 44700 R2 - 45000

Nifty Highest Open Interest (31st Aug Monthly expiry) : Call: 19500 / Put : 19300

FII DATA as on 28/08/2023 (fig in crores) Cash Market
FII Net (1,393.25)
FII Buy 10,235.41
FII Sell 11,628.66

India Vix : 12.39

GIFT Nifty: 19340

Securities in Ban For Trade Date 29 - AUG -2023 - 1. BHEL, 2. ESCORTS, 3. GMRINFRA, 4. HINDCOPPER, 5. IBULHSGFIN, 6. INDIACEM, 7. MANAPPURAM, 8. RBLBANK, 9. SUNTV (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 1393 cr. Simultaneously, in Index futures, they bought worth Rs. 674 cr with a rise in open interest, suggesting long formation. On the derivatives front, Nifty and Banking index witnessed some long formation at the start of the week. On the options front, put writers of 19300 - 19200 strikes added meaningful positions. While on the flip side, the call writers have scattered positions from 19300-19400 strikes. FIIs activity in equities remained on the short side but preferred adding few longs in index futures segment. Considering the mentioned data, it is important to see today’s follow-up action. Meanwhile, any dip towards the support zone is likely to augur well for the bulls.

Stock Market Wisdom | Swing Trading

25 Aug 2023 05:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19220 S2 - 19130
R1 - 19450 R2 - 19530

BankNifty Futures :
S1 - 44350 S2 - 44050
R1 - 44750 R2 - 45050

Nifty Highest Open Interest (31st Aug Monthly expiry) : Call: 19500 / Put : 19000

*FII DATA as on 24/08/2023 (fig in crores) Cash Market
FII Net 1,524.87
FII Buy 12,992.74
FII Sell 11,467.87

India Vix : 11.70

GIFT Nifty: 19280

Securities in Ban For Trade Date 25 - AUG -2023 - 1. BHEL, 2. DELTACORP, 3. GMRINFRA, 4. GNFC, 5. HINDCOPPER, 6. IBULHSGFIN, 7. INDIACEM, 8. MANAPPURAM, 9.METROPOLIS, 10. PNB, 11. RBLBANK(Source - nseindia.com)

🎉 FIIs were net buyers in the cash market segment to the tune of Rs. 1525 cr. Simultaneously, in Index futures, they sold worth Rs. 439 cr with a decline in open interest, suggesting long unwinding. On the derivatives front, Nifty and banking index witnessed long unwinding in yesterday’s session. On the options front, call writers of 19400-19450 strikes added massive positions. While on the flip side, the put writers of 19000-19400 strikes ran for shelter. Interestingly, FIIs remined net buyers in equities but preferred unwinding few longs in index futures segment. Considering the mentioned data, it is important to see today’s follow-up action; however, PCR-OI is currently hinting towards market being oversold.

Stock Market Wisdom | Swing Trading

23 Aug 2023 05:39

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19300 S2 - 19230
R1 - 19450 R2 - 19530

BankNifty Futures :
S1 - 43900 S2 - 43600
R1 - 44300 R2 - 44600

Nifty Highest Open Interest (24th Aug Weekly expiry) : Call: 19500 / Put : 19300

FII DATA as on 22/08/2023 (fig in crores) Cash Market
FII Net (495.17)
FII Buy 8,854.08
FII Sell 9,349.25

India Vix : 11.74

GIFT Nifty: 19360

Securities in Ban For Trade Date 23 - AUG -2023 - 1. BHEL, 2. DELTACORP, 3. ESCORTS, 4. GNFC, 5. HINDCOPPER, 6. IBULHSGFIN, 7. INDIACEM, 8. MANAPPURAM, 9.METROPOLIS, 10. PNB, 11. SAIL, 12. ZEEL (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 495 cr. Simultaneously, in Index futures, they sold marginally with a decline in open interest, suggesting unwinding of both long and shorts. On the derivatives front, the open interest activity in key indices remained subdued yesterday. On the options front, 19400-19600 call strikes have significant piling of open interest, resulting PCR-OI declining below 1. While on the flip side, no relevant build-up in puts was observed on the closing basis. The stronger hands remined net sellers in equities and preferred to lighten up their positions in index futures segment. Considering the mentioned data, it is very important to see a sustainable move beyond 19400-19500 until then trader are advised to opt for stock centric approach.

Stock Market Wisdom | Swing Trading

18 Aug 2023 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19240 S2 - 19150
R1 - 19460 R2 - 19550

BankNifty Futures :
S1 - 43850 S2 - 43550
R1 - 44250 R2 - 44550

Nifty Highest Open Interest (24th Aug Weekly expiry) : Call: 19400 / Put : 19300

FII DATA as on 17/08/2023 (fig in crores) Cash Market
FII Net (1,510.86)
FII Buy 11,205.13
FII Sell 12,715.99

India Vix : 12.24

GIFT Nifty: 19300

Securities in Ban For Trade Date 18 - AUG -2023 - 1. CHAMBLFERT, 1. DELTACORP, 3. GNFC, 4. GRANULES, 5.HINDCOPPER, 6. IBULHSGFIN, 7. INDIACEM, 8. PNB, 9. SAIL, 10. ZEEL (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 1511 cr. Simultaneously, in Index futures, they sold Rs. 216 cr. with an increase in open interest, suggesting short formation. On the derivatives front, short formations were seen in both key indices on the weekly expiry session. On the options front, significant piling of OI is seen at 19300-19400 put strikes, suggesting the immediate support zone. While on the higher end, the 19400 - 19500 call strikes hold the highest OI concentration, indicating a nearby hurdle for Nifty. The stronger hands added decent shorts in cash and future segments, though the ‘Long Short Ratio’ remains unchanged at 39%. Considering the data, the market tends to remain range bound, and hence, we advocate traders to avoid aggressive trades and stay fussy with stock selection.

Stock Market Wisdom | Swing Trading

16 Aug 2023 05:38

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19330 S2 - 19250
R1 - 19550 R2 - 19630

BankNifty Futures :
S1 - 44000 S2 - 43700
R1 - 44450 R2 - 44750

Nifty Highest Open Interest (17th Aug Weekly expiry) : Call: 19600 / Put : 19400

FII DATA as on 14/08/2023 (fig in crores) Cash Market
FII Net (2,324.23)
FII Buy 7,334.69
FII Sell 9,658.92

India Vix : 12.00

GIFT Nifty: 19390

Securities in Ban For Trade Date 16 - AUG -2023 - 1. BALRAMCHIN, 2. CHAMBLFERT, 3. DELTACORP, 4. GNFC, 5. GRANULES, 6. IBULHSGFIN, 7. INDIACEM, 8. MANAPPURAM, 9. ZEEL (Source - nseindia.com)

Today's Event - FOMC Minutes

🎉 FIIs were net sellers in the cash market segment, to the tune of Rs. 2324 cr. Simultaneously, in Index futures, they sold Rs. 440 cr. with a rise in open interest, suggesting short formation. On the derivatives front, long unwinding was seen in both key indices at the start of the truncated week. On the options front, strong piling of OI is seen at 19300-19400 put strikes, suggesting the immediate support zone. While on the higher end, 19600 call strike holds the highest OI concentration, indicating a sturdy hurdle for Nifty. Meanwhile, the stronger hands continue to add shorts in the system; ‘Long Short Ratio’ marginally corrected to 39% from 40%. Market is likely to remain in a consolidation mood, and hence, one needs to avoid aggressive bets for the time being.

Stock Market Wisdom | Swing Trading

11 Aug 2023 06:09

🟢 SBIN EQUITY BUYING RANGE CMP NEAR 572 - 560

MAXIMUM HOLDING PERIOD 3 MONTHS

Stock Market Wisdom | Swing Trading

10 Aug 2023 06:53

RBI Monetary Policy August 2023 - Shaktikanta Das maintains pause, keeps repo rate unchanged at 6.5 per cent

GDP growth projection for FY23-24 retained at 6.5%

- GDP forecast for FY24 is at 6.5%

- GDP forecast for Q1FY24 at 8%

- GDP forecast for Q2FY24 at 6.5%

- GDP forecast for Q3FY24 at 6%

- GDP forecast for Q4FY24 at 5.7%