Stock Market Wisdom | Swing Trading

29 Dec 2023 04:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21880 S2 - 21800
R1 - 22020 R2 - 22100

BankNifty Futures :
S1 - 48600 S2 - 48300
R1 - 49050 R2 - 49300

FinNifty Futures :
S1 - 21650 S2 - 21570
R1 - 21770 R2 - 21850

MIDCPNIFTY :
S1 - 10330 S2 - 10270
R1 - 10430 R2 - 10500

S&P BSESENSX :
S1 - 72200 S2 - 71900
R1 - 72650 R2 - 72950

Nifty Highest Open Interest (4th Jan Weekly expiry) : Call: 22500 / Put : 21500

FII DATA as on 28/12/2023 (fig in crores) Cash Market
FII Net 4,358.99
FII Buy 13,489.78
FII Sell 9,130.79

India Vix : 15.14

GIFT Nifty: 21960

Securities in Ban For Trade Date 29-DEC-2023 - 1.HINDCOPPER (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 4359 cr. Simultaneously, they sold worth Rs. 903 cr in Index futures with a decrease in open interest, indicating mixed trade on the expiry session. On the derivatives front, a mixed bag of trade was seen in both key indices on the expiry day. On the options front, a scattered piling of OI is seen from 21700-21500 put strikes, indicating an upshift in the support zone. On the flip side, decent piling is seen at 21800-22000 call strikes, indicating the next potential resistance for Nifty for the upcoming week. The stronger hands added decent longs in the cash segment, uplifting the overall sentiments. Considering the recent developments, our market seems buoyant, but looking at the overbought parameters, it is advisable to avoid aggressive long bets and maintain a pragmatic approach in the market.

Stock Market Wisdom | Swing Trading

27 Dec 2023 04:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21400 S2 - 21310
R1 - 21610 R2 - 21700

BankNifty Futures :
S1 - 47600 S2 - 47300
R1 - 48050 R2 - 48300

FinNifty Futures :
S1 - 21400 S2 - 21320
R1 - 21520 R2 - 21600

MIDCPNIFTY :
S1 - 10230 S2 - 10160
R1 - 10340 R2 - 10400

S&P BSESENSX :
S1 - 71100 S2 - 70800
R1 - 71550 R2 - 71850

Nifty Highest Open Interest (28th Dec Monthly expiry) : Call: 22000 / Put : 21300

FII DATA as on 26/12/2023 (fig in crores) Cash Market
FII Net (95.20)
FII Buy 6,174.15
FII Sell 6,269.35
India Vix : 14.68

GIFT Nifty: 21548

Securities in Ban For Trade Date 27-DEC-2023 - 1.BALRAMCHINI, 2.DELTACORP, 3.HINDCOPPER, 4.NATIONALUM, 5. RBLBANK (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 95 cr. Simultaneously, they sold worth Rs. 777 cr in Index futures with a negligible decrease in open interest, indicating a mixed setup. On the derivatives front, we observed mere long formations in key indices at the start of the week. For the last expiry of 2023, put writers' shifted position to 21400-21300 strikes, indicating a nearby support zone. On the flip side, scattered piling of OI is seen from 21500-21600 call strikes, suggesting the probable resistance. The Long Short Ratio marginally corrected to 64% from 65%. Considering the recent developments, the undertone remains buoyant, with action seen in the broader markets. We would advocate traders to stay light on positions and keep a pragmatic approach in the indices.

Stock Market Wisdom | Swing Trading

22 Dec 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21290 S2 - 21200
R1 - 21450 R2 - 21530

BankNifty Futures :
S1 - 47900 S2 - 47600
R1 - 48300 R2 - 48600

FinNifty Futures :
S1 - 21340 S2 - 21260
R1 - 21450 R2 - 21530

MIDCPNIFTY :
S1 - 10100 S2 - 10030
R1 - 10230 R2 - 10300

S&P BSESENSX :
S1 - 70650 S2 - 70400
R1 - 71100 R2 - 71400

Nifty Highest Open Interest (28th Dec Monthly expiry) : Call: 22000 / Put : 21000

FII DATA as on 21/12/2023 (fig in crores) Cash Market
FII Net (1,636.19)
FII Buy 9,715.29
FII Sell 11,351.48
India Vix : 13.75

GIFT Nifty: 21381

Securities in Ban For Trade Date 22-DEC-2023 - 1.ASHOKLEY, 2.BALRAMCHINI, 3.DELTACORP, 4.HINDCOPPER, 5. INDIACEM, 6.MANAPPURAM, 7.RBLBANK, 8.SAIL(Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1636 cr. Simultaneously, they bought worth Rs. 212 cr in Index futures with a slight fall in open interest, indicating short covering. On the derivatives front, we observed a slight short covering in both key indices. On the options front, piling of OI is seen from 21200 PE – 21000 PE, suggesting the immediate support zone for Nifty. On the flip side, the scattered positioning of OI is seen from 21300 CE to 21500 CE, suggesting a series of nearby resilience for Nifty. FIIs continued their sell-off in the cash segment, while covered some short in index futures. The Long Short Ratio slightly advanced to 67% from 67%. Considering the mentioned data, the index is likely to consolidate within a broad range in the near period with a bullish undertone. In the meantime, it is advisable to follow a stock-centric approach and not get carried away at higher levels.

Stock Market Wisdom | Swing Trading

20 Dec 2023 04:38

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21460 S2 - 21370
R1 - 21670 R2 - 21750

BankNifty Futures :
S1 - 47800 S2 - 47500
R1 - 48200 R2 - 48500

FinNifty Futures :
S1 - 21430 S2 - 21350
R1 - 21550 R2 - 21630

MIDCPNIFTY :
S1 - 10210 S2 - 10140
R1 - 10330 R2 - 10400

S&P BSESENSX :
S1 - 71200 S2 - 70900
R1 - 71650 R2 - 71900

Nifty Highest Open Interest (21st Dec Weekly expiry) : Call: 21500 / Put : 21400

FII DATA as on 19/12/2023 (fig in crores) Cash Market
FII Net (601.52)
FII Buy 11,748.82
FII Sell 12,350.34
India Vix : 13.86

GIFT Nifty: 21614

Securities in Ban For Trade Date 20-DEC-2023 - 1.BALRAMCHINI, 2.DELTACORP, 3.INDUSTOWER, 4.IRCTC, 5. MANAPPURAM, 6.NATIONALUM, 7.PEL, 8.RBLBANK, 9.SAIL, 10. ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 602 cr. Simultaneously, they bought worth Rs. 1284 cr in Index futures with an increase in open interest, indicating long addition. On the derivatives front, we observed marginal addition of longs in key indices. On the options front, a strong piling of OI and the highest concentration is seen at 21400 PE, suggesting a firm nearby support for Nifty, followed by 21300 PE. On the flip side, the 21500 CE withholds the maximum concentration of OI, indicating a stiff resistance. The Long Short Ratio slightly advanced to 62% from 60% amidst long formation in index futures. Considering the mentioned data, our market seems a bit tentative at higher grounds, whereas dips are auguring well for the Bulls. Hence, it is advisable to stay light and avoid aggressive trades until trends get clarity and stay prudent with stock selection.

Stock Market Wisdom | Swing Trading

15 Dec 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21260 S2 - 21170
R1 - 21480 R2 - 21570

BankNifty Futures :
S1 - 47800 S2 - 47500
R1 - 48250 R2 - 48500

FinNifty Futures :
S1 - 21500 S2 - 21420
R1 - 21620 R2 - 21700

MIDCPNIFTY :
S1 - 10200 S2 - 10130
R1 - 10310 R2 - 10370

S&P BSESENSX :
S1 - 70300 S2 - 70050
R1 - 70750 R2 - 71000

Nifty Highest Open Interest (21st Dec Weekly expiry) : Call: 22000 / Put : 20500

FII DATA as on 14/12/2023 (fig in crores) Cash Market
FII Net 3,570.07
FII Buy 21,080.40
FII Sell 17,510.33
India Vix : 12.32

GIFT Nifty: 21421

Securities in Ban For Trade Date 15-DEC-2023 - 1.BALRAMCHINI, 2.DELTACORP, 3.HINDCOPPER, 4.IBULHSGFIN, 5. INDIACEM, 6.MANAPPURAM, 7.SAIL, 8.ZEEL(Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 3570 cr. Simultaneously, they sold worth Rs. 340 cr in Index futures with some rise in open interest, indicating short formation. On the derivatives front, we observed a meaningful build-up in Nifty, while short covering was noted in the banking index. For the upcoming weekly series, the 21100 put and 21500 call options are attracting traders’ attention. FIIs were net buyers in equities, but they chose to add some shorts in the index futures segment. Considering the strength seen yesterday, we believe that 21000 should now provide immediate support, and any follow-up buying beyond 21200 shall push the index towards 21300. However, we anticipate that it won’t be a smooth ride from hereon; hence, one should choose to book timely profits and avoid aggressive trading in either direction.

Stock Market Wisdom | Swing Trading

12 Dec 2023 04:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21020 S2 - 20930
R1 - 21210 R2 - 21300

BankNifty Futures :
S1 - 47300 S2 - 47000
R1 - 47700 R2 - 48000

FinNifty Futures :
S1 - 21220 S2 - 21150
R1 - 21340 R2 - 21420

MIDCPNIFTY :
S1 - 9950 S2 - 9880
R1 - 10070 R2 - 10150

S&P BSESENSX :
S1 - 69800 S2 - 69600
R1 - 70050 R2 - 70300

Nifty Highest Open Interest (14th Dec Weekly expiry) : Call: 21500 / Put : 20900

*FII DATA
as on 11/12/2023
(fig in crores) Cash Market
FII Net 1,261.13
FII Buy 10,710.66
FII Sell 9,449.53

India Vix : 12.76

GIFT Nifty: 21143

👉FIIs were net buyers in the cash market segment to the tune of Rs. 1261 cr. Simultaneously, they bought worth Rs. 234 cr in Index futures with an increase in open interest, indicating the addition of fresh shorts. On the derivatives front, the open interest activity was muted in key indices. Surprisingly, on the options front as well, the build-up remained insignificant in both call and put options. FIIs turned net sellers in the index futures segment after recent buying. At this point, the market appears a bit overbought and hence we need not be aggressive and should consider booking timely profits.

Securities in Ban For Trade Date 12-DEC-2023 - 1.BALRAMCHINI, 2.DELTACORP, 3.HINDCOPPER, 4.IBULHSGFIN, 5. INDIACEM, 6.NATIONALUM, 7.SAIL(Source - nseindia.com)

Stock Market Wisdom | Swing Trading

07 Dec 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20970 S2 - 20880
R1 - 21100 R2 - 21200

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

FinNifty Futures :
S1 - 21020 S2 - 20950
R1 - 21140 R2 - 21210

MIDCPNIFTY :
S1 - 9870 S2 - 9800
R1 - 9980 R2 - 10050

S&P BSESENSX :
S1 - 69520 S2 - 69350
R1 - 69800 R2 - 69950

Nifty Highest Open Interest (7th Dec Weekly expiry) : Call: 21000 / Put : 20800

FII DATA as on 6/12/2023 (fig in crores) Cash Market
FII Net (79.88)
FII Buy 11,836.42
FII Sell 11,916.30

India Vix : 13.74

GIFT Nifty: 21035

Securities in Ban For Trade Date 07-DEC-2023 - 1.DELTACORP, 2.IBULHSGFIN, 3.INDIACEM, 4.SAIL, 5. ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 80 cr. Simultaneously, they bought worth Rs. 2041 cr in Index futures with a slight fall in open interest, indicating a mixed position. On the derivatives front, we observed a mixed day of trade in key indices. On the options front, strong piling of OI is seen at 20900 PE, followed by the highest OI concentration at 20800 PE, indicating a strong nearby support zone. On the higher end, the highest OI concentration is seen at 21000 CE, indicating a nearby resistance. The Long Short Ratio spiked to 55% from 38%, seen at the start of the week. Considering the data, the market seems a bit overbought, and it is advisable to maintain a pragmatic approach and be extremely choosy with stock selection going forward.

Stock Market Wisdom | Swing Trading

05 Dec 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20740 S2 - 20650
R1 - 20870 R2 - 20950

BankNifty Futures :
S1 - 46450 S2 - 46200
R1 - 46850 R2 - 47100

Nifty Highest Open Interest (7th Dec Weekly expiry) : Call: 21000 / Put : 20500

FII DATA as on 4/12/2023 (fig in crores) Cash Market
FII Net 2,073.21
FII Buy 18,705.23
FII Sell 16,632.02
India Vix : 12.99

GIFT Nifty: 20810

Securities in Ban For Trade Date 05-DEC-2023 - 1.DELTACORP, 2.IBULHSGFIN, 3.INDIACEM, 4.ZEEL (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 2073 cr. Simultaneously, they bought worth Rs. 1988 cr in Index futures with an increase in open interest, suggesting long formation. On the derivatives front, we observed strong long additions in the benchmark index at the start of the week. On the options front, strong piling of OI is seen at 20600-20500 put strikes, suggesting an upshift in the support. On the higher end, scattered piling of OI is seen from 20700-20900 CE, indicating an immediate resistance zone. FIIs continued their buying streak in equities and added longs in the index futures segment. Long Short Ratio advanced to 44% from 38%. Considering the data, market seems a bit overbought, and it is advisable to have a pragmatic approach with a ‘buy on dips’ strategy.

Stock Market Wisdom | Swing Trading

01 Dec 2023 04:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20200 S2 - 20110
R1 - 20410 R2 - 20500

BankNifty Futures :
S1 - 44500 S2 - 44200
R1 - 44950 R2 - 45200

Nifty Highest Open Interest (7th Dec Weekly expiry) : Call: 21000 / Put : 20000

FII DATA as on 30/11/2023 (fig in crores) Cash Market
FII Net 8,147.85
FII Buy 66,830.53
FII Sell 58,682.68 India Vix : 12.69

GIFT Nifty: 20350

Securities in Ban For Trade Date 01-DEC-2023 - NIL (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 8148 cr. Simultaneously, they bought worth Rs. 167 cr in Index futures with a massive decline in open interest, due to monthly expiry. On the derivatives front, we observed open interest reduction in key indices. Rollover for Nifty and BankNifty stood at 73% and 80% respectively. On the options front, 20000 put and 20400 call options are attracting traders’ attention. FIIs continued their buying streak in equities for the fifth straight session and added longs in the index futures segment. Long Short Ratio advanced to 36% from 23% seen during the start of the week. We believe, 19900 - 20000 may continue to provide a cushion in case of any dips and traders should continue with Buy on dip approach for the time being.

Stock Market Wisdom | Swing Trading

28 Nov 2023 04:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19785 S2 - 19700
R1 - 19915 R2 - 20000

BankNifty Futures :
S1 - 43500 S2 - 43230
R1 - 44125 R2 - 44430

Nifty Highest Open Interest (30th Nov Monthly expiry) : Call: 19900 / Put : 19800

FII DATA as on 24/11/2023 (fig in crores) Cash Market
FII Net 2625.21
FII Buy 8833.27
FII Sell 6208.06
India Vix : 11.33

GIFT Nifty: 19874

Securities in Ban For Trade Date 28-NOV-2023 - 1.BALRAMCHIN, 2.BHEL, 3.GRANULES, 4.HINDCOPPER, 5.HINDPETRO, 6.IBULHSGFIN, 7.ZEEL (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 2625 cr. Simultaneously, they sold worth Rs. 2 cr in Index futures with a mere increase in open interest.On the derivatives front, we observed a mere addition of longs in key indices on a weekly basis. On the options front, for the November series, the highest open interest concentration is seen at 19800- 19700 put strikes, indicating nearby support. While, scattered piling of OI is seen from 19800-20000 call strikes, suggesting a series of resistance. FIIs curtailed short positions, slightly improving the Long Short Ratio to 23% from 21% WoW. For now, the index is likely to hover within the mentioned range, and a decisive breakthrough on either side could only trigger fresh momentum in the markets. Meanwhile, sector churning is evident; Identifying thematic movers should be the apt approach.

Stock Market Wisdom | Swing Trading

24 Nov 2023 05:39

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Stock Market Wisdom | Swing Trading

24 Nov 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19800 S2 - 19720
R1 - 19930 R2 - 20020

BankNifty Futures :
S1 - 43500 S2 - 43200
R1 - 43900 R2 - 44200

Nifty Highest Open Interest (30th Nov Monthly expiry) : Call: 20000 / Put : 19800

FII DATA as on 23/11/2023 (fig in crores) Cash Market
FII Net 255.53
FII Buy 7,348.72
FII Sell 7,093.19
India Vix : 11.31

GIFT Nifty: 19867

FIIs were net buyers in the cash market segment to the tune of Rs. 256 cr. Simultaneously, they sold worth Rs. 554 cr in Index futures with a negligible decrease in open interest. On the derivatives front, we observed a muted weekly expiry session for Nifty. On the options front, significant piling of OI isseen at 19800 PE,suggesting an immediate support, followed by 19700 PE. On the higher end, 19900 CE and 20000 CE attracted Call writers for the final expiry. The Long Short Ratio slightly cools down to 21% from 23%, amidst weekly settlement. Considering the data, Nifty seems range bound and awaits trigger to come out of slumber phase. Though the undertone remains bullish, and any dips are likely to augur well for the bulls.

Stock Market Wisdom | Swing Trading

16 Nov 2023 04:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19660 S2 - 19570
R1 - 19810 R2 - 19900

BankNifty Futures :
S1 - 44200 S2 - 43900
R1 - 44600 R2 - 44900

Nifty Highest Open Interest (16th Nov Weekly expiry) : Call: 19800 / Put : 19600

FII DATA as on 15/11/2023 (fig in crores) Cash Market
FII Net 550.19
FII Buy 15,620.95
FII Sell 15,070.76

India Vix : 11.14

GIFT Nifty: 19748

Securities in Ban For Trade Date 16-NOV-2023 - 1. DELTACORP, 2.HINDCOPPER, 3.IBULHSGFIN, 4.MCX, 5. SAIL, 6.ZEEL (Source - nseindia.com)

Stock Market Wisdom | Swing Trading

15 Nov 2023 04:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19430 S2 - 19350
R1 - 19800 R2 - 19880

BankNifty Futures :
S1 - 43800 S2 - 43500
R1 - 44250 R2 - 44500

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

FII DATA as on 13/11/2023 (fig in crores) Cash Market
FII Net (1244.44)
FII Buy 5,991.24
FII Sell 7,235.68

India Vix : 11.18

GIFT Nifty: 19740

Securities in Ban For Trade Date 15-NOV-2023 - 1. CHAMBLFERT, 2. DELTACORP. 3.HINDCOPPER, 4.IBULHSGFIN, 5.MANAPPURAM, 6. SAIL, 7.ZEEL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 1244 cr. Simultaneously, they bought worth Rs. 616 cr in Index futures with a decrease in open interest, indicating short covering. On the derivatives front, we observed some fresh short addition in Nifty, while long addition was seen in Bank Nifty on a weekly basis. On the options front, decent piling is seen at 19500-19650 call strikes, indicating sturdy hurdles on the higher levels. On the lower end, some unwinding was observed in 19500- 19400 put strikes. FIIs continue with their selling streak in equities but covered fresh shorts in index futures front. Considering the recent data, our market seems slightly tentative as it reached pivotal resistance, hence, one needs to maintain caution and follow a stock-centric approach until sustainable strength returns to the market.

Stock Market Wisdom | Swing Trading

12 Nov 2023 13:53

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Stock Market Wisdom | Swing Trading

28 Dec 2023 04:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21620 S2 - 21530
R1 - 21820 R2 - 21900

BankNifty Futures :
S1 - 48150 S2 - 47900
R1 - 48600 R2 - 48900

FinNifty Futures :
S1 - 21600 S2 - 21520
R1 - 21720 R2 - 21800

MIDCPNIFTY :
S1 - 10230 S2 - 10160
R1 - 10350 R2 - 10420

S&P BSESENSX :
S1 - 71800 S2 - 71500
R1 - 72250 R2 - 72550

Nifty Highest Open Interest (28th Dec Monthly expiry) : Call: 22000 / Put : 21500

FII DATA as on 27/12/2023 (fig in crores) Cash Market
FII Net 2,926.05
FII Buy 10,654.11
FII Sell 7,728.06
India Vix : 15.55

GIFT Nifty: 21753

Securities in Ban For Trade Date 28-DEC-2023 - 1.NATIONALUM, 2.RBLBANK (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 2926 cr. Simultaneously, they sold worth Rs. 488 crin Index futures with an increase in open interest. On the derivatives front, we observed fresh longs in the key indices ahead of the monthly expiry. On the options front, put writers’ have shifted positions to 21600- 21500 strike, indicating an upshift in the support zone. On the flip side, Nifty eyeing for next milestone of 22000 as highest OI among call strikes is seen around the same. The Long Short Ratio marginally corrected to 63% from 65%. Considering the recent developments, our market seems a bit overbought and might spike up volatility amidst the last monthly expiry of the calendar year 2023. It is advisable to have a pragmatic approach.

Stock Market Wisdom | Swing Trading

26 Dec 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21340 S2 - 21250
R1 - 21490 R2 - 21580

BankNifty Futures :
S1 - 47350 S2 - 47050
R1 - 47800 R2 - 48100

FinNifty Futures :
S1 - 21170 S2 - 21100
R1 - 21290 R2 - 21370

MIDCPNIFTY :
S1 - 10200 S2 - 10130
R1 - 10310 R2 - 10380

S&P BSESENSX :
S1 - 70900 S2 - 70600
R1 - 71300 R2 - 71600

Nifty Highest Open Interest (28th Dec Monthly expiry) : Call: 22000 / Put : 21000

FII DATA as on 22/12/2023 (fig in crores) Cash Market
FII Net (2.828.94)
FII Buy 10,905.88
FII Sell 13,734.82
India Vix : 13.70

GIFT Nifty: 21429

Securities in Ban For Trade Date 26-DEC-2023 - 1.ASHOKLEY, 2.BALRAMCHINI, 3.DELTACORP, 4.HINDCOPPER, 5. INDIACEM, 6.NATIONALUM, 7.SAIL (Source - nseindia.com)

FIIs were net sellers in the cash market segment to the tune of Rs. 2829 cr. Simultaneously, they sold worth Rs. 225 cr in Index futures with a slight increase in open interest, indicating short formation. On the derivatives front, we observed a long unwinding in key indices during the week. For the upcoming monthly expiry, put writers' shifted position to 21300- 21200 strikes, indicating a nearby support zone. On the flip side, scattered piling of OI is seen from 21500 - 21600 call strikes, suggesting the probable resistance. FIIs have marginally expanded their positions as ‘Long Short Ratio’ slightly advanced to 65% from 60% WoW. Considering the recent developments, volatility is likely to persist in the last week of the Calendar year. The undertone remains buoyant, though a pragmatic approach is advisable to the traders’ fraternity.

Stock Market Wisdom | Swing Trading

21 Dec 2023 04:36

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21040 S2 - 20950
R1 - 21270 R2 - 21350

BankNifty Futures :
S1 - 47250 S2 - 46950
R1 - 47700 R2 - 48000

FinNifty Futures :
S1 - 21200 S2 - 21120
R1 - 21310 R2 - 21400

MIDCPNIFTY :
S1 - 9970 S2 - 9900
R1 - 10070 R2 - 10150

S&P BSESENSX :
S1 - 70300 S2 - 70000
R1 - 70700 R2 - 71000

Nifty Highest Open Interest (21st Dec Weekly expiry) : Call: 21500 / Put : 21000

FII DATA as on 20/12/2023 (fig in crores) Cash Market
FII Net (1,322.08)
FII Buy 19,190.00
FII Sell 20,512.08

India Vix : 14.45

GIFT Nifty: 21100

Securities in Ban For Trade Date 21-DEC-2023 - 1.ASHOKLEY, 2.BALRAMCHINI, 3.DELTACORP, 4.INDIACEM, 5. INDUSTOWER, 6.MANAPPURAM, 7.NATIONALUM, 8.PEL, 9.RBLBANK, 10. SAIL(Source - nseindia.com)

👉 Indian markets are likely to open on a negative note, tracking global cues
👉Asian markets are trading on a negative note
👉US markets ended on a negative note. Dow Jones (-475 pts.) Nasdaq (-225 pts)

Stock Market Wisdom | Swing Trading

18 Dec 2023 04:34

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21420 S2 - 21330
R1 - 21620 R2 - 21700

BankNifty Futures :
S1 - 48050 S2 - 47800
R1 - 48500 R2 - 48800

FinNifty Futures :
S1 - 21530 S2 - 21450
R1 - 21650 R2 - 21730

MIDCPNIFTY :
S1 - 10250 S2 - 10180
R1 - 10360 R2 - 10430

S&P BSESENSX :
S1 - 71250 S2 - 71000
R1 - 71700 R2 - 72000

Nifty Highest Open Interest (21st Dec Weekly expiry) : Call: 22000 / Put : 21300

FII DATA as on 15/12/2023 (fig in crores) Cash Market
FII Net 9,239.42
FII Buy 37,677.58
FII Sell 28,438.16
India Vix : 13.12

GIFT Nifty: 21487

Securities in Ban For Trade Date 18-DEC-2023 - 1.BALRAMCHINI, 2.DELTACORP, 3.HINDCOPPER, 4.INDIACEM, 5. MANAPPURAM, 6.ZEEL, 7.SAIL (Source - nseindia.com)

👉FIIs were net buyers in the cash market segment to the tune of Rs. 9239 cr. Simultaneously, they sold worth Rs. 1451 cr in Index futures with some rise in open interest, indicating long formation. On the derivatives front, we observed a meaningful long addition in key indices during the week. For the upcoming weekly series, put writers' shifted position to 21300-21200 strikes, indicating an upward shift in the support zone. On the flip side, piling up of OI is seen from 21500-21700 call strikes, suggesting the probable resistance. FIIs continued their buying spree in both cash & F&O; Long Short Ratio advanced to 60% from 58% WoW. Market has recently given a spectacular move off late and looks a bit overbought for the time being, hence, would recommend avoiding any aggressive bets and keep booking timely profits.

Stock Market Wisdom | Swing Trading

14 Dec 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20970 S2 - 20880
R1 - 21280 R2 - 21380

BankNifty Futures :
S1 - 47200 S2 - 46900
R1 - 47600 R2 - 47900

FinNifty Futures :
S1 - 21200 S2 - 21120
R1 - 21320 R2 - 21400

MIDCPNIFTY :
S1 - 10040 S2 - 9970
R1 - 10150 R2 - 10220

S&P BSESENSX :
S1 - 69400 S2 - 69200
R1 - 69750 R2 - 70000

Nifty Highest Open Interest (14th Dec Weekly expiry) : Call: 21000 / Put : 20500

FII DATA as on 13/12/2023 (fig in crores) Cash Market
FII Net 4,710.86
FII Buy 19,273.27
FII Sell 14,562.41
India Vix : 12.06

GIFT Nifty: 21217

Securities in Ban For Trade Date 14-DEC-2023 - 1.BALRAMCHINI, 2.DELTACORP, 3.HINDCOPPER, 4.IBULHSGFIN, 5. INDIACEM, 6.NATIONALUM, 7.ZEEL (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 4711 cr. Simultaneously, they sold worth Rs. 861 cr in Index futures with some fall in open interest, indicating long unwinding. On the derivatives front, short covering was observed in key indices ahead of weekly settlement. Except for some build-up in 20900 call options, we hardly saw any strikes adding any relevant build-up as far as options are concerned. Meanwhile, 20900 put and 21000 call strikes holds highest open interest concentration now. FIIs were net buyers in equities but they opted unwinding longs in the index futures segment. Long Short Ratio remained unchanged at 57%, as seen at the start of the week. At this point, we can expect some volatility in index, and it would be prudent strategy to trade in individual counters and stay light in index.

Stock Market Wisdom | Swing Trading

11 Dec 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 21000 S2 - 20900
R1 - 21140 R2 - 21230

BankNifty Futures :
S1 - 47300 S2 - 47000
R1 - 47700 R2 - 48000

FinNifty Futures :
S1 - 21250 S2 - 21170
R1 - 21370 R2 - 21450

MIDCPNIFTY :
S1 - 9910 S2 - 9830
R1 - 10030 R2 - 10100

S&P BSESENSX :
S1 - 69700 S2 - 69500
R1 - 69950 R2 - 70150

Nifty Highest Open Interest (14th Dec Weekly expiry) : Call: 21000 / Put : 20000

*FII DATA
as on 8/12/2023
(fig in crores) Cash Market
FII Net 3,632.30
FII Buy 19,329.28
FII Sell 15,696.98

India Vix : 12.47

GIFT Nifty: 21072

Securities in Ban For Trade Date 11-DEC-2023 - 1.BALRAMCHINI, 2.DELTACORP, 3.HINDCOPPER, 4.IBULHSGFIN, 5. NATIONALUM, 6.SAIL, 7.ZEEL (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 3632 cr. Simultaneously, they bought worth Rs. 360 cr in Index futures with a negligible increase in open interest, indicating a long position. On the derivatives front, we observed a substantial addition of longs in Nifty. On the options front, scattered piling of OI is seen from 21000-21100 call strikes, suggesting a nearby resistance. Simultaneously, the put writers' shift position to 20900-20800 strikes, indicating an upward shift in the support zone. FIIs maintained their buoyancy as the Long Short Ratio soared to 58% from 38% on a weekly basis. Considering the data, the market seems overbought, and we would advocate traders not to become complacent and stay fussy with stock selection after the recent vertical rally.

Stock Market Wisdom | Swing Trading

06 Dec 2023 04:35

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20880 S2 - 20800
R1 - 21110 R2 - 21200

BankNifty Futures :
S1 - 46950 S2 - 46700
R1 - 47350 R2 - 47600

FinNifty Futures :
S1 - 21060 S2 - 20980
R1 - 21170 R2 - 21250

MIDCPNIFTY :
S1 - 9860 S2 - 9780
R1 - 9980 R2 - 10050

S&P BSESENSX :
S1 - 69170 S2 - 69050
R1 - 69400 R2 - 69600

Nifty Highest Open Interest (7th Dec Weekly expiry) : Call: 21000 / Put : 20700

FII DATA as on 5/12/2023 (fig in crores) Cash Market
FII Net 5,223.51
FII Buy 17,190.73
FII Sell 11,967.22
India Vix : 13.45

Securities in Ban For Trade Date 06-DEC-2023 - 1.DELTACORP, 2.IBULHSGFIN, 3.INDIACEM, 4.ZEEL (Source - nseindia.com)

FIIs were net buyers in the cash market segment to the tune of Rs. 5224 cr. Simultaneously, they bought worth Rs. 1938 cr in Index futures with an increase in open interest, suggesting long formation. On the derivatives front, we observed some long additions in the benchmark index. On the options front, strong piling of OI is seen at 20800-20700 put strikes, suggesting an upshift in the support zone. On the higher end, the highest OI concentration is seen at 21000 CE, indicating a nearby resistance. FIIs continued their buying streak in equities and added longs in the index futures segment. Long Short Ratio advanced to 49% from 44%. Considering the data, the market seems a bit overbought, and it is advisable to have a pragmatic approach with a ‘buy on dips’ strategy.

Stock Market Wisdom | Swing Trading

04 Dec 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20320 S2 - 20230
R1 - 20690 R2 - 20770

BankNifty Futures :
S1 - 44850 S2 - 44600
R1 - 45300 R2 - 45600

Nifty Highest Open Interest (7th Dec Weekly expiry) : Call: 21000 / Put : 20000

FII DATA as on 1/12/2023 (fig in crores) Cash Market
FII Net 1,589.61
FII Buy 10,522.36
FII Sell 8,932.75
India Vix : 12.38

GIFT Nifty: 20629

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

FIIs were net buyers in the cash market segment to the tune of Rs. 1587 cr. Simultaneously, they bought worth Rs. 703 cr in Index futures with a rise in open interest, suggesting the addition of fresh long positions. On the derivatives front, we observed the addition of some longs in Nifty and short covering was seen in the banking index. On the options front, we hardly saw any meaningful build-up on either side of options. However, 20000 put and 20400 call options continue attracting traders’ attention. FIIs continued their buying streak in equities for the sixth straight session and added longs in the index futures segment. Long Short Ratio advanced to 38% from 23% WoW. We believe, 19900-20000 may continue to provide a cushion in case of any dips and traders should continue with ‘Buy on dip’ approach for the time being.

Stock Market Wisdom | Swing Trading

30 Nov 2023 04:32

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 20060 S2 - 19975
R1 - 20180 R2 - 20250

BankNifty Futures :
S1 - 44450 S2 - 44100
R1 - 44925 R2 - 45250

Nifty Highest Open Interest (30th Nov Monthly expiry) : Call: 20200 / Put : 20000

FII DATA as on 29/11/2023 (fig in crores) Cash Market
FII Net 71.91
FII Buy 16,041.33
FII Sell 15,969.42
India Vix : 12.72

GIFT Nifty: 20132

Securities in Ban For Trade Date 30-NOV-2023 - 1.HINDCOPPER, 2.MANAPPURAM (Source - nseindia.com)

Stock Market Wisdom | Swing Trading

26 Nov 2023 01:11

Fundamentally Good Stocks with Zero Returns...What are the Learning Lessions???

🟣Biocon - 71 Months - 0 Returns
🟣IGL - 49 Months - 0 Returns
🟣HUL - 42 Months - 0 Returns
🟣Voltas 35 Months - 0 Returns
🟣Dabur - 35 Months - 0 Returns
🟣Divis Labs - 35 Months - 0 Returns
🟣HDFC Bank - 34 Months - 0 Returns
🟣Kotak Bank - 34 Months - 0 Returns
🟣Tata Steel - 30 Months - 0 Returns
🟣Bajaj Finance - 27 Months - 0 Returns
🟣Pidilite - 25 Months - 0 Returns
🟣Marico - 29 Months - 0 Returns
🟣Infosys - 29 Months - 0 Returns
🟣Sumitomo - 29 Months - 0 Returns
🟣TCS - 27 Months - 0 Returns
🟣Reliance - 25 Months - 0 Returns
🟣Schaefflers - 16 Months - 0 Returns
🟣ICICI Bank - 14 Months - 0 Returns
🟣ITC - 6 Months - 0 Returns

Stock Market Wisdom | Swing Trading

24 Nov 2023 05:39

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Stock Market Wisdom | Swing Trading

17 Nov 2023 04:33

Standard Support / Resistance : Intraday

Nifty Futures :
S1 - 19730 S2 - 19650
R1 - 19890 R2 - 19980

BankNifty Futures :
S1 - 44100 S2 - 43800
R1 - 44500 R2 - 44800

Nifty Highest Open Interest (23rd Nov Weekly expiry) : Call: 19900 / Put : 19700

FII DATA as on 16/11/2023 (fig in crores) Cash Market
FII Net 957.25
FII Buy 13,546.39
FII Sell 12,589.14
India Vix : 11.64

GIFT Nifty: 19790

Securities in Ban For Trade Date 17-NOV-2023 - 1.CHAMBLFERT, 2.DELTACORP, 3.HINDCOPPER, 4.INDIACEM, 5.MANAPPURAM, 6.MCX, 7.SAIL, 8.ZEEL(Source - nseindia.com)

❇️FIIs were net buyers in the cash market segment to the tune of Rs. 957 cr. Simultaneously, they bought worth Rs. 1574 cr in Index futures with a decrease in open interest, indicating short covering. On the derivatives front, we observed mixed activity in key indices. On the options front, for the coming weekly series highest open interest concentration is visible at 19700 put and 19900 call options. FIIs turned net buyers in equities and covered shorts in index futures for a second straight session now. Considering the final hour profit booking, it would be interesting to see a follow-up move and any sustainable move beyond 19850-19900 shall be a positive development for the market.

Stock Market Wisdom | Swing Trading

15 Nov 2023 04:51

110.80+++💥🔥🚀🚀🚀
7% move done so far within 2 trading day

Stock Market Wisdom | Swing Trading

13 Nov 2023 10:16

Tomorrow 14.11.2023 Tuesday market remains closed on A/c of "BALIPRATIPADA" "Diwali New Year"

Stock Market Wisdom | Swing Trading

10 Nov 2023 08:22

💥Diwali Muhurat Trading Time💥

BSE and NSE conduct a special, one-hour session, known as the 'Muhurat' trading session, on the day of Diwali. the session will be held from 6 pm to 7:15 pm on Sunday, November 12