Stock Market Wisdom | Swing Trading

10 Nov 2023 04:36

Standard Support / Resistance : Intraday

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

BankNifty Futures :
S1 - 43700 S2 - 43400
R1 - 44150 R2 - 44450

Nifty Highest Open Interest (16th Nov Weekly expiry) : Call: 19500 / Put : 19400

FII DATA as on 9/11/2023 (fig in crores) Cash Market
FII Net (1712.33)
FII Buy 7,166.98
FII Sell 8,879.31
India Vix : 10.98

GIFT Nifty: 19390

Securities in Ban For Trade Date 10-NOV-2023 - 1. CHAMBLFERT, 2. DELTACORP. 3.GNFC, 4.MCX (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1712 cr. Simultaneously, they sold worth Rs. 15 cr in Index futures with a negligible fall in open interest. On the derivatives front, there have been insignificant changes in the key indices. On the options front, put writers have scattered positioning of OI from 19400-19200 strikes. On the higher end, the 19500-call strike withholds the highest OI concentration, suggesting a stiff resistance. The Long Short Ratio remains unchanged at 19%. Considering the recent developments, our market seems tentative and, hence, would advocate traders to maintain caution for the time being and refrain from carrying any aggressive overnight trades.

❇️Today's Results - BIOCON, COALINDIA, EICHERMOT, GLENMARK, HINDALCO, IPCALAB, M&M, ONGC, SUNTV, TATACHEM

Stock Market Wisdom | Swing Trading

07 Nov 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19400 S2 - 19310
R1 - 19550 R2 - 19640

BankNifty Futures :
S1 - 43650 S2 - 43350
R1 - 44050 R2 - 44350

Nifty Highest Open Interest (9th Nov Weekly expiry) : Call: 19500 / Put : 19300

FII DATA as on 6/11/2023 (fig in crores) Cash Market
FII Net (549.37)
FII Buy 7,741.97
FII Sell 8,291.34
India Vix : 11.10

GIFT Nifty: 19460

Securities in Ban For Trade Date 7-NOV-2023 - 1. GNFC (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 549 cr. Simultaneously, they bought worth Rs. 1258 cr in Index futures with a decrease in open interest, indicating short covering. On the derivatives front, a mixed bag of trades was seen in key indices. On the options front, a strong piling of OI is seen at 19300-19400 put strikes, suggesting an immediate in the support zone. On the higher end, the 19500-call strike has the highest OI concentration, indicating intermediate resistance. FIIs further curtailed bearish bets in index futures segments, resulting in a slight advancement of the Long Short Ratio to 20% from 18%. Considering the recent developments, our market seems to be gaining traction, though one needs to maintain caution and track global developments.

❇️Today's Results - COCHINSHIP, CUMMINSIND, IRCTC, POWERGRID

Stock Market Wisdom | Swing Trading

02 Nov 2023 04:37

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19000 S2 - 18920
R1 - 19270 R2 - 19350

BankNifty Futures :
S1 - 42700 S2 - 42400
R1 - 43150 R2 - 43450

Nifty Highest Open Interest (2nd Nov Weekly expiry) : Call: 19100 / Put : 18800

FII DATA as on 1/11/2023 (fig in crores) Cash Market
FII Net (1,816.91.02)
FII Buy 6,674.26
FII Sell 8,491.17
India Vix : 12.04

GIFT Nifty: 19212

Securities in Ban For Trade Date 2-NOV-2023 - 1. GNFC (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1817 cr. Simultaneously, they sold worth Rs. 362 cr in Index futures with an increase in open interest, indicating short addition. On the derivatives front, a short formation was seen in the key indices ahead of the FOMC meeting. On the options front, a decent piling of OI concentration is seen at 18900-18800 put strikes, suggesting immediate support for Nifty. On the higher end, the highest OI concentration is seen at 19100 CE, suggesting immediate resistance. Long Short Ratio slightly advanced to 15% from 12% on WoW basis. Considering the recent data, our market seems a bit tentative and is likely to get its moves from the global developments. For the time being, it is advisable to stay light on positions and avoid undue risk.

❇️Today's Results - ADANIENT, ADANIPOWER, BALKRISHNA, BERGERPAINT, CHOLAFIN, CONCOR, DABUR, GODREJPROP, TATAMOTORS

Stock Market Wisdom | Swing Trading

30 Oct 2023 04:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19030 S2 - 18950
R1 - 19200 R2 - 19280

BankNifty Futures :
S1 - 42800 S2 - 42500
R1 - 43250 R2 - 43550

Nifty Highest Open Interest (2nd Nov Weekly expiry) : Call: 19200 / Put : 19000

FII DATA as on 27/10/2023 (fig in crores) Cash Market
FII Net (1,500.13)
FII Buy 9,360.25
FII Sell 10,860.38
India Vix : 10.90

GIFT Nifty: 19095

Securities in Ban For Trade Date 30-OCT-2023 - NIL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1500 cr. Simultaneously, they sold worth Rs. 111 cr in Index futures with an increase in open interest, indicating short addition. On the derivatives front, new shorts have been witnessed in the Nifty50 and long unwinding in the banking index on a WoW basis. On the options front, a decent piling of OI is seen at 19000-18900 put strikes, suggesting primary support for the upcoming week. While on the higher end, the 19200-call strike holds the highest OI, indicating intermediate resistance for Nifty. FIIs remained net sellers in equities on a net basis and added bearish bets in index futures segments, plummeting the Long Short Ratio to 12% from 26% WoW. Considering the recent data, our market seems extremely oversold and hence, it is advisable to avoid undue risk and refrain from getting carried away by in-between rallies.

❇️Today's Results - ADANIGREEN, CASTROLIND, DLF, KPITTECH, MARICO, STAR, TVSMOTOR, UPL

Stock Market Wisdom | Swing Trading

26 Oct 2023 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 18970 S2 - 18880
R1 - 19180 R2 - 19270

BankNifty Futures :
S1 - 42600 S2 - 42300
R1 - 43050 R2 - 43350

Nifty Highest Open Interest (26th Oct Monthly expiry) : Call: 19500 / Put : 19000

FII DATA as on 25/10/2023 (fig in crores) Cash Market
FII Net (4,236.60)
FII Buy 9,075.61
FII Sell 13,312.21

India Vix : 11.31

GIFT Nifty: 19025

FIIs were net sellers in the cash market segment to the tune of Rs. 4237 cr. Simultaneously, they sold worth Rs. 152 cr in Index futures with an increase in open interest, indicating short formation. On the derivatives front, we witnessed short formation in the benchmark and long unwinding in the banking index ahead of the expiry day. On the options front, the highest piling of OI is seen at the 19000 put strike, suggesting an immediate support zone. While 19200-19300 call strikes have a decent piling of OI, suggesting an intermediate resistance. The Long Short Ratio remains unchanged at around 26% on a weekly basis. Considering the recent developments and the expiry day, markets are likely to remain volatile and one needs to maintain caution and avoid aggressive bets under the current oversold market conditions.

❇️Today's Results - ACC, ASIANPAINT, CANBK, COLPAL, INDIANB, JINDALSAW, RIIL

Stock Market Wisdom | Swing Trading

20 Oct 2023 05:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19460 S2 - 19370
R1 - 19680 R2 - 19770

BankNifty Futures :
S1 - 43600 S2 - 43300
R1 - 44050 R2 - 44350

Nifty Highest Open Interest (26th Oct Monthly expiry) : Call: 19800 / Put : 19500

FII DATA as on 19/10/2023 (fig in crores) Cash Market
FII Net (1,093.47)
FII Buy 10,102.11
FII Sell 11,195.58

India Vix : 10.90

GIFT Nifty: 19525

Securities in Ban For Trade Date 20-OCT-2023 - 1.BALRAMCHINI, 2.DELTACORP, 3.GNFC, 4.IBULHSGFIN, 5.INDIACEM, 6.MANAPPURAM, 7.MCX (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1093 cr. Simultaneously, they sold worth Rs. 392 cr in Index futures with rise in open interest, indicating the addition of fresh shorts. On the derivatives front, we observed decent unwinding in key indices. FIIs remained net sellers in equities and index futures segments. For the coming monthly series, 19800 call and 19500 put strikes are attracting trader’s attention. Considering the recent sell-off and FIIs selling specifically in the last two sessions, the overall sentiment remains uncertain. Hence, or the time being we need to keep a close tab on global development and strictly avoid any kind of bottom fishing until we see a sustainable up move beyond 19700-19800 zone.

❇️Today's Result - CENTRURYTEX, JSWENERGY, JSWSTEEL, JUSTDIAL, L&TFH, LAURUSLABS, SUNTECK

Stock Market Wisdom | Swing Trading

19 Oct 2023 05:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19500 S2 - 19410
R1 - 19740 R2 - 19830

BankNifty Futures :
S1 - 43850 S2 - 43600
R1 - 44300 R2 - 44550

Nifty Highest Open Interest (19th Oct Weekly expiry) : Call: 19800 / Put : 19600

FII DATA as on 18/10/2023 (fig in crores) Cash Market
FII Net (1,831.84)
FII Buy 9,761.24
FII Sell 11,593.08
India Vix : 10.96

GIFT Nifty: 19570

Securities in Ban For Trade Date 19-OCT-2023 - 1.BALRAMCHINI, 2.DELTACORP, 3.GNFC, 4.HINDCOPPER, 5.IBULHSGFIN, 6.INDIACEM, 7.MANAPPURAM, 8.MCX, 9.SAIL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1832 cr. Simultaneously, they sold worth Rs. 385 cr in Index futures with a good amount of rise in open interest, indicating the addition of fresh shorts. On the derivatives front, we observed decent profit booking in Nifty, while BankNifty added meaningful shorts. FIIs turned net sellers in equities and index and stock futures segments. However, on a net basis, FIIs trimmed their bearish positions in index futures, leading to a modest increase in the LSR from 27% to 29% seen on Friday. For the festive weekly series, a significant piling up of positions was seen at 19700- 19900 call strikes. On the flip side, 19600 followed by 19500 put strike have attracted substantial open interest. At this point in time, we need to keep a close tab on global development and strictly avoid aggressive bets.

❇️Today's Result - COFORGE, HAVELLS, HINDUNILVR, ITC, MPHASIS, NESTLEIND, TATACOFFEE, TATACOMM, UBL, ULTRACEMCO, VOLTAS

Stock Market Wisdom | Swing Trading

17 Oct 2023 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19690 S2 - 19600
R1 - 19860 R2 - 19950

BankNifty Futures :
S1 - 44150 S2 - 43900
R1 - 44550 R2 - 44800

Nifty Highest Open Interest (19th Oct Weekly expiry) : Call: 19800 / Put : 19700

FII DATA as on 16/10/2023 (fig in crores) Cash Market
FII Net (593.66)
FII Buy 7,013.59
FII Sell 7,607.25
India Vix : 11.07

GIFT Nifty: 19805

Securities in Ban For Trade Date 17-OCT-2023 - 1.BALRAMCHINI, 2.BHEL, 3.DELTACORP, 4.GNFC, 5.HINDCOPPER, 6.IBULHSGFIN, 7.INDIACEM, 8.MANAPPURAM, 9.MCX, 10. PNB, 11. SAIL, 12. SUNTV (Source - nseindia.com)

❇️Today's Result - BAJFINANCE, CANFINHOME, ICICIPRULI, LTTS, SYNGENE, TATAELXI, TATAMETALIC

Stock Market Wisdom | Swing Trading

12 Oct 2023 05:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19800 S2 - 19700
R1 - 19910 R2 - 20000

BankNifty Futures :
S1 - 44450 S2 - 44200
R1 - 44900 R2 - 45200

Nifty Highest Open Interest (12th Oct Weekly expiry) : Call: 20000 / Put : 19600

FII DATA as on 11/10/2023 (fig in crores) Cash Market
FII Net (421.77)
FII Buy 12,526.94
FII Sell 12,948.71
India Vix : 10.98

GIFT Nifty: 19850

FIIs were net sellers in the cash market segment to the tune of Rs. 422 cr. Simultaneously, they bought worth Rs. 1120 cr in Index futures with a decline in open interest, indicating short covering for second consecutive session. On the derivatives front, we saw a decent short covering activity in key indices. FIIs continued with a selling streak in equities but preferred covering bearish bets in the index futures segment. Hence, their index futures LSR improved slightly to 29% from 27% seen on Friday. We observed massive writing in 19750-19800 put strikes. On the flip side, 19900 followed by 20000 call strike have attracted substantial open interest. At this point in time, it’s advisable avoiding any aggressive bets until the global uncertainty subsides.

❇️Today's Result - HCLTECH, HDFCAMC, INFY

Stock Market Wisdom | Swing Trading

11 Oct 2023 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19680 S2 - 19600
R1 - 19850 R2 - 19930

BankNifty Futures :
S1 - 44300 S2 - 44000
R1 - 44750 R2 - 45000

Nifty Highest Open Interest (12th Oct Weekly expiry) : Call: 20000 / Put : 19600

FII DATA as on 10/10/2023 (fig in crores) Cash Market
FII Net (1,005.49)
FII Buy 8,067.15
FII Sell 9,072.64
India Vix : 11.27

GIFT Nifty: 19793

FIIs were net sellers in the cash market segment to the tune of Rs. 1005 cr. Simultaneously, they bought worth Rs. 303 cr in Index futures with a decline in open interest, indicating short covering. On the derivatives front, we hardly saw any relevant change in Nifty, the banking index witnessed a decent short covering yesterday. FIIs continued with a selling streak in equities but preferred covering bearish bets in the index futures segment. We observed massive writing in 19600-19700 put strikes. On the flip side, call writers ran for shelter seeing a smart recovery. At this point in time, traders should use dips to add longs and book timely profit as the market may continue to remain volatile due to geopolitical concerns.

Stock Market Wisdom | Swing Trading

09 Oct 2023 05:32

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19580 S2 - 19500
R1 - 19740 R2 - 19830

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

Nifty Highest Open Interest (12th Oct Weekly expiry) : Call: 20000 / Put : 19500

FII DATA as on 6/10/2023 (fig in crores) Cash Market
FII Net (90.29)
FII Buy 6,727.34
FII Sell 6,817.63

India Vix : 10.30

GIFT Nifty: 19635

Securities in Ban For Trade Date 09-OCT-2023 - 1.DELTACORP, 2.IBULHSGFIN, 3. MANAPPURAM, 4.PNB (Source - nseindia.com)

FIIs were marginal sellers in the cash market segment to the tune of Rs. 90 cr. Simultaneously, they bought worth Rs. 404 cr in Index futures with a fall in open interest, indicating short covering on Friday. We observed the addition of mixed bets in the key indices during the week. On the options front, meaningful build-up was seen in 19600 put strikes. Meanwhile, scattered piling of OI is seen from 19700-19800 CE, indicating tentativeness among call writers. Stronger hands continued selling equities but covered a few short in the latter half of the week. However, Long Short Ratio witnessed a marginal fall to 27% from 28% on a weekly basis. For now, traders should avoid being complacency and should stay abreast with global developments till the trend gets clarity.

Stock Market Wisdom | Swing Trading

06 Oct 2023 05:35

❇️Today's Event - RBI Interest Rate Decision

Stock Market Wisdom | Swing Trading

03 Oct 2023 05:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19500 S2 - 19400
R1 - 19770 R2 - 19850

BankNifty Futures :
S1 - 44650 S2 - 44350
R1 - 45050 R2 - 45350

Nifty Highest Open Interest (5th Oct Weekly expiry) : Call: 19800 / Put : 19600

FII DATA as on 29/09/2023 (fig in crores) Cash Market
FII Net (1,685.70)
FII Buy 10,058.35
FII Sell 11,744.05

India Vix : 11.45

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 1686 cr. Simultaneously, they sold worth Rs. 701 cr in Index futures with an insignificant change in open interest. The October month series started with a short covering in key indices, indicating an early sign of relief. The derivative data remains insignificant ahead of the extended weekend, while on the options front, noteworthy piling is seen at 19600 - 19500 put strikes, suggesting strong nearby support. On the higher end, the 19800-call strike withholds the highest OI, followed by 19700 CE, indicating an intermediate resistance zone. Meanwhile, the selling streak from stronger hands continues in the cash segment, while curtailing longs in the index future segment led to a deep correction in the ‘Long Short Ratio’ to 28% from 53% on a weekly basis.

Stock Market Wisdom | Swing Trading

29 Sep 2023 14:43

Monday 02.10.2023 market will remain closed on account of "Mahatma Gandhi Jayanti"

Stock Market Wisdom | Swing Trading

25 Sep 2023 05:32

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19640 S2 - 19550
R1 - 19760 R2 - 19850

BankNifty Futures :
S1 - 44450 S2 - 44150
R1 - 44900 R2 - 45200

Nifty Highest Open Interest (28th Sep Monthly expiry) : Call: 19800 / Put : 19000

FII DATA as on 22/09/2023 (fig in crores) Cash Market
FII Net (1,326.74)
FII Buy 10,840.20 FII Sell 12,166.94

India Vix : 10.66

Securities in Ban For Trade Date 25-SEP-2023 - 1.CANBK, 2.DELTACORP, 3.GRANULES, 4.HINDCOPPER, 5.IBULHSGFIN, 6.MANAPPURAM (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 1327 cr. Simultaneously, they sold worth Rs. 1124 cr in Index futures with a rise in open interest, suggesting the formation of shorts. On the derivatives front, the fall seen during last week was mainly due to long unwinding in Nifty; but the banking index witnessed meaningful short formation. For the coming monthly expiry, put writers' shifted position to 19600-19500 strikes, indicating a downward shift in the support. On the other side, the highest OI concentration stands at 19800 call strike, indicating the intermediate resistance. Considering the quantum of shorts formed in the banking index and writing in 19800 call strikes, we would advise avoiding any aggressive bets for the time being and waiting for the market to stabilize.

Stock Market Wisdom | Swing Trading

09 Nov 2023 04:37

❇️Today's Results - ABB, ABFRL, ADANIPORTS, APOLLOHOSP, ASHOKLEY, BEML, ENGINERSIN, GRANULES, GRAPHITE, NCC, PEL, TORNTPOWER, ZEEL

Stock Market Wisdom | Swing Trading

06 Nov 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19250 S2 - 19170
R1 - 19500 R2 - 19600

BankNifty Futures :
S1 - 43300 S2 - 43000
R1 - 43700 R2 - 44000

Nifty Highest Open Interest (9th Nov Weekly expiry) : Call: 19300 / Put : 19200

FII DATA as on 3/11/2023 (fig in crores) Cash Market
FII Net (12.43)
FII Buy 7,739.00
FII Sell 7,751.43
India Vix : 10.88

GIFT Nifty: 19447

FIIs were net sellers in the cash market segment to the tune of Rs. 12 cr. Simultaneously, they bought worth Rs. 1022 cr in Index futures with an increase in open interest, indicating short covering. On the derivatives front, new longs have been witnessed in key indices on a weekly time frame. On the options front, the highest OI concentration could be seen at 19200 put strike, followed by decent piling around 19000 PE, suggesting an upliftment in the support base. While on the higher end, the 19300- 19400 call strike witnessed some writings, indicating intermediate resistance. FIIs remained net sellers in equities on a net basis, though the quantum is narrowing down. While curtailing bearish bets in index futures segments resulted in a slight advancement of the Long Short Ratio to 18% from 12% WoW. Considering the data, our market seems slightly relieved, though one needs to maintain caution and track global developments.

❇️Today's Results - BHARATFORG, DIVISLAB, EXIDEIND

Stock Market Wisdom | Swing Trading

01 Nov 2023 04:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19080 S2 - 19000
R1 - 19220 R2 - 19300

BankNifty Futures :
S1 - 42850 S2 - 42600
R1 - 43300 R2 - 43600

Nifty Highest Open Interest (2nd Nov Weekly expiry) : Call: 19200 / Put : 19000

FII DATA as on 31/10/2023 (fig in crores) Cash Market
FII Net (696.02)
FII Buy 10,940.20
FII Sell 11,636.22

India Vix : 11.82

GIFT Nifty: 19133

Securities in Ban For Trade Date 1-NOV-2023 - 1. GNFC (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 696 cr. Simultaneously, they bought worth Rs. 68 cr in Index futures with an increase in open interest, indicating long addition. On the derivatives front, there was an insignificant change in the key indices. On the options front, a decent piling of OI concentration is seen at 19100- 19000 put strikes, suggesting primary support for Nifty. On the higher end, the highest OI concentration is seen at 19200 CE, suggesting immediate resistance. Long Short Ration slightly advanced to 13% from 12%. Considering the recent data, our market seems to consolidate in the near period; hence, it is advisable to stay very selective among stock preferences and avoid aggressive bets on either side for the time being.

❇️Today's Results - AMBUJACEM, BRITANNIA, GMDCLTD, GODREJCP, IGL, INDIACEM, JKTYRE, KEC, LICHSGFIN, RECLTD, SUNPHARMA, TATSTEEL

Stock Market Wisdom | Swing Trading

27 Oct 2023 05:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 18900 S2 - 18820
R1 - 19050 R2 - 19130

BankNifty Futures :
S1 - 42400 S2 - 42100
R1 - 42800 R2 - 43100

Nifty Highest Open Interest (2nd Nov Weekly expiry) : Call: 21000 / Put : 17600

FII DATA as on 26/10/2023 (fig in crores) Cash Market
FII Net (7,702.53)
FII Buy 10,239.05 FII Sell 17,941.58

India Vix : 11.73

GIFT Nifty: 18990

FIIs were net sellers in the cash market segment to the tune of Rs. 7703 cr. Simultaneously, they sold worth Rs. 3405 cr in Index futures with insignificant change in open interest. On the derivatives front, both key indices plummeted with fall in OI on the expiry day. On the options front, decent piling of OI is seen at 18800 put strike, indicating nearby support. While highest piling of OI is seen at 19000 call strike, suggesting a strong resistance. The stronger hands continued their selling streak in cash and index futures. Considering the recent developments, our market seems highly oversold and hence it is advisable to avoid aggressive shorts for the time being.

Securities in Ban For Trade Date 27-OCT-2023 - NIL (Source - nseindia.com)

❇️Today's Result - BAJAJFINSV, BPCL, CIPLA, DRREDDY, INDHOTEL, M&MFIN, MARUTI, MGL, OBEROIRLTY, RELIANCE, SBILIFE

Stock Market Wisdom | Swing Trading

23 Oct 2023 19:22

Tomorrow 24/10/23 Tuesday is a holiday on account of Vijayadashami.

Stock Market Wisdom | Swing Trading

19 Oct 2023 06:13

🟢WIPRO CMP 393 BUY ON DIPS AT YOUR COMFORT

STOPLOSS 378 MONTHLY CBSL
STOPLOSS 355 LIVE

TARGET 540/600/650

MAXIMUM HOLDING PERIOD 1.5YR

Stock Market Wisdom | Swing Trading

18 Oct 2023 05:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19740 S2 - 19650
R1 - 19870 R2 - 19950

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

Nifty Highest Open Interest (19th Oct Weekly expiry) : Call: 20000 / Put : 19700

FII DATA as on 17/10/2023 (fig in crores) Cash Market
FII Net 263.68
FII Buy 8,517.96
FII Sell 8,254.28
India Vix : 10.70

GIFT Nifty: 19799

FIIs were net buyers in the cash market segment to the tune of Rs. 264 cr. Simultaneously, they bought worth Rs. 465 cr in Index futures with a decline in open interest, indicating a covering of shorts. On the derivatives front, some fresh buying was observed in Nifty and short covering took place in banking index. FIIs turned net buyers in equities and covered a few shorts in the index and stock futures segment. For the festive weekly series, put writers shifted higher to 19800 put strike. On the flip side, build-up remained scattered between 19850-20000 call strikes, wherein 19900 followed by 20000 strikes holds the highest open interest concentration now. At this point in time, we need to keep a close tab on global development and strictly avoid aggressive bets.

💹Today's Result - BAJAJ-AUTO, ICICIGI, INDUSIND BANK, LTIM, POLYCAB, WIPRO

Stock Market Wisdom | Swing Trading

16 Oct 2023 05:37

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19660 S2 - 19560
R1 - 19810 R2 - 19900

BankNifty Futures :
S1 - 44150 S2 - 43900
R1 - 44600 R2 - 44900

Nifty Highest Open Interest (19th Oct Weekly expiry) : Call: 19800 / Put : 19700

FII DATA as on 13/10/2023 (fig in crores) Cash Market
FII Net 317.01
FII Buy 10,317.87
FII Sell 10,000.86
India Vix : 10.62

GIFT Nifty: 19727

Securities in Ban For Trade Date 16-OCT-2023 - 1.BALRAMCHINI, 2.BHEL, 3.DELTACORP, 4.HINDCOPPER, 5.IBULHSGFIN, 6.INDIACEM, 7.L&TFH, 8.MANAPPURAM, 9.PNB, 10. SAIL, 11. SUNTV (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 317 cr. Simultaneously, they sold worth Rs. 785 cr in Index futures with a rise in open interest, indicating the addition of fresh shorts. On the derivatives front, open interest shed for the key indices. FIIs continued to remain net sellers in equities during the week and their activity in the index futures segment remained muted. Their Long- short ratio remained unchanged at 27% on a weekly basis. For the coming festive weekly series, 19700 put and 19800 call strikes are attracting trader’s attention. At this point in time, it’s advisable avoiding any aggressive bets until the global uncertainty subsides.

❇️Today's Result - CEATLTD, FEDERALBANK, TINPLATE

Stock Market Wisdom | Swing Trading

11 Oct 2023 06:41

44.60++🔥💥🚀🚀🚀
51% MOVE DONE SO FAR 👍
GIVEN SHORT TERM TARGET ACHIEVED ✌️

Stock Market Wisdom | Swing Trading

10 Oct 2023 05:43

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19480 S2 - 19400
R1 - 19660 R2 - 19750

BankNifty Futures :
S1 - 43800 S2 - 43500
R1 - 44200 R2 - 44500

Nifty Highest Open Interest (12th Oct Weekly expiry) : Call: 19800 / Put : 19500

FII DATA as on 9/10/2023 (fig in crores) Cash Market
FII Net (997.76)
FII Buy 5,052.21
FII Sell 6,049.97

India Vix : 11.40

GIFT Nifty: 19608

Securities in Ban For Trade Date 10-OCT-2023 - 1.DELTACORP, 2.IBULHSGFIN, 3. L&TFH, 4.MANAPPURAM, 5.MCX, 6.PNB (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 998 cr. Simultaneously, they sold worth Rs. 290 cr in Index futures with a rise in open interest, indicating short formation. On the derivatives front, we hardly saw any fresh build-up in key indices. FIIs continued with a selling streak in equities and added few bearish bets in the index futures segment. We observed massive build- up on the call side particularly in the 19600-19800 strikes. On the flip side, the open interest activity remained muted; however highest build-up remains intact in 19500 put strike. Considering the above data points, we would avoid any aggressive bets for the time being and adopt wait and watch approach.

Stock Market Wisdom | Swing Trading

09 Oct 2023 03:26

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Stock Market Wisdom | Swing Trading

06 Oct 2023 05:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19500 S2 - 19420
R1 - 19660 R2 - 19750

BankNifty Futures :
S1 - 44200 S2 - 43900
R1 - 44650 R2 - 44900

Nifty Highest Open Interest (12th Oct Weekly expiry) : Call: 19600 / Put : 19500

FII DATA as on 5/10/2023 (fig in crores) Cash Market
FII Net (1,864.20)
FII Buy 10,304.08
FII Sell 12,168.28
India Vix : 10.94

GIFT Nifty: 19610

Securities in Ban For Trade Date 06-OCT-2023 - 1.DELTACORP, 2.IBULHSGFIN, 3. MANAPPURAM, 4.PNB (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 1864 cr. Simultaneously, they bought worth Rs. 524 cr in Index futures with marginal change in open interest, indicating blend of short covering and long formation. We observed the addition of bullish bets in Nifty and the banking index witnessed a short covering move. On the options front, the build-up remained scattered for both call and put options for the coming weekly series. However, 19500 put and 19600 call strikes hold maximum open interest concentration. Meanwhile, the selling streak from stronger hands continues in the cash but interestingly the covered shorts and added a few bullish bets index future segment. Yesterday’s recovery was encouraging but any move beyond 19600 will be important to watch out for now.

Stock Market Wisdom | Swing Trading

02 Oct 2023 02:12

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Stock Market Wisdom | Swing Trading

29 Sep 2023 05:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19580 S2 - 19500
R1 - 19710 R2 - 19800

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

Nifty Highest Open Interest (5th Oct Weekly expiry) : Call: 19700 / Put : 19500

FII DATA as on 28/09/2023 (fig in crores) Cash Market
FII Net (3,364.22)
FII Buy 10,711.39
FII Sell 14,075.61

India Vix : 12.82

GIFT Nifty: 19655

Securities in Ban For Trade Date 29-SEP-2023 - NIL (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 3364 cr. Simultaneously, they sold worth Rs. 3893 cr in Index futures with a fall in open interest, suggesting long unwinding. On the derivatives front, we witnessed long unwinding in key indices on the expiry session. On the options front, the highest piling of OI is seen at 19500 put strike, followed by 19400 PE. On the other side, the highest OI concentration stands at 19700 call strike, indicating the intermediate resistance. Stronger hands continued their sell-off in the cash segment, denting the overall sentiments. Considering the mentioned data and recent price action, the market seems a bit oversold, but it is advisable to avoid aggressive bets and stay abreast with global developments.

Stock Market Wisdom | Swing Trading

22 Sep 2023 05:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19650 S2 - 19560
R1 - 19840 R2 - 19930

BankNifty Futures :
S1 - 44550 S2 - 44250
R1 - 44950 R2 - 45250

Nifty Highest Open Interest (28th Sep Monthly expiry) : Call: 20000 / Put : 19000

FII DATA as on 21/09/2023 (fig in crores) Cash Market
FII Net (3,007.36)
FII Buy 9,132.58
FII Sell 12,139.94

India Vix : 10.82

GIFT Nifty: 19710

Securities in Ban For Trade Date 22-SEP-2023- 1.BALRAMCHINI, 2.BHEL, 3.DELTACORP, 4.HINDCOPPER, 5.IBULHSGFIN, 6.MANAPPURAM, 7.PNB, 8.ZEEL (Source - nseindia.com)

🎉FIIs were net sellers in the cash market segment to the tune of Rs. 3007 cr. Simultaneously, they sold worth Rs. 880 cr in Index futures with a massive rise in open interest, suggesting the formation of shorts. On the derivatives front, the open interest activity remained muted in Nifty; but the banking index witnessed meaningful short formation. For the coming monthly expiry, 19500 put and 20000 call is attracting traders’ attention. Yesterday, we witnessed a good amount of writing in 19800-19900 call strikes. Meanwhile, the build-up on the put side remained scattered. Considering the quantum of shorts formed in the banking index and writing in ATM call strikes, we would advise avoiding any aggressive bets for the time being and waiting for the market to stabilize.