data formation is negative after open
We strongly indicated caution and negative data buildup around 14500 levels now we are trading near 14100- fallen fast- Rollo over is slow and not good as of now just before Budget on 1st Feb. Data indication remains negative as of now before the Budget. we should be hedge if have buy positions. How to Hedge- Can have some puts based of portfolio Beta
Below 30700 bank nifty futures will become dangerous on the downside- observe levels now 30900
Daily Report :
Benchmark index is likely to trade with mild negative bias with support at 14100-14000 and resistance at 14350-14400 level.
Banking index is likely to trade with negative bias with support at 30700-30500 and resistance at 31400-31600 level.
INDUSINDBK has closed with negative candlestick formation and volume support. It is likely to continue its downside momentum today as well.
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Daily Report :
Benchmark index is likely to open on positive note in line with Asian peers; However, Nifty may turn volatile in second half ahead of trading holiday on Tuesday. It has support at 14250-14150 and resistance at 14500-14600 level.
Banking index is likely to trade with mild negative bias with support at 30800-30600 and resistance at 31600-31800 level.
JINDALSTEL has closed with negative candlestick formation below 21 EMA with volume support and it is likely to continue its downside momentum today as well.
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Daily Report
Benchmark index is likely to trade with mild positive bias; it has support at 14550-14500 and resistance at 14750-14800 level.
Banking index is likely to trade range bound with support at 32200-32000 and resistance at 32800-33000 level.
APOLLOTYRE has given a fresh breakout from the consolidation with volume support; it is likely to continue its upside momentum today as well.
ਗੁਰੂ ਗੋਬਿੰਦ ਸਿੰਘ ਜੀ ਤੁਹਾਨੂੰ ਹੌਂਸਲਾ ਦੇਣ ਤਾਂ ਜੋ ਤੁਸੀਂ ਬੁਰਾਈ ਨਾਲ ਲੜ ਸਕੋ ਅਤੇ ਹਮੇਸ਼ਾਂ ਸੱਚ ਦੇ ਨਾਲ ਖੜੇ ਹੋਵੋ. ਗੁਰੂ ਗੋਬਿੰਦ ਸਿੰਘ ਜੀ ਦੇ ਜਨਮ ਦਿਨ ਦੀ ਸਬ ਨੂ ਵਡਿਆਈਣ!
May Guru Gobind Singh Ji give you the courage and strength to fight evil and always stand by the side of truth. Wishing you a very happy Gurpurab!
POSITIVE DATA IS SEEN in markets after open
we are ready to move towards 14700 and 33000 on nifty and banknifty avoid puts
PVR Ltd
It is in talks with producers to release their movies in cinema halls now rather than on streaming sites, now that the pandemic is easing in India. It is Indias biggest cinema operator and runs about 835 screens across 71 cities. Currently it is operating most theaters at half capacity due to Covid-related restrictions. However, it sees benefits in the “age-old strategy” of movies first coming to the big screen before being monetized on other platforms.
A number of Indian films starring top actors opted for streaming platform release in 2020 as theaters were shuttered by LOCKDOWN. Post reopening, science fiction “Tenet” and superhero movie “Wonder Woman” were the only prominent releases before Tamil action thriller “Master” opened in theaters last week.
It is hopeful that Master will be a case study based on which one will see over the next few weeks. Bollywood film guys and more South Indian regional guys are planning the release calendar of the films which are currently ready.
It reported a loss of Rs 491 million in the three months ended December compared with a profit of Rs 363 million a year ago. The loss was, however, smaller than the consensus estimates.
It has “reasonable liquidity” to meet debt and interest obligations for the next few months. Major costs such as fees charged by top actors haven’t dropped for producers despite the pandemic-induced slowdown, and therefore, movie makers will seek better returns by releasing in cinemas first before less lucrative models like streaming.
(note for info)
Daily Report :
Benchmark index is likely to trade rangebound; it has support at 14400-14300 and resistance at 14600-14700 level.
Banking index is likely to trade rangebound; it has support at 32000-31800 and resistance at 32800-33000 level.
SIEMENS has given fresh a breakout from the consolidation with volume support; it is likely to continue its upside momentum today as well.
One more profitable day was added to our trading journal.
I got a timely alert and booked almost 300 points in #BankNifty.
Just following our system blindly, nothing else.
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Daily Report :
Benchmark index is likely to trade range bound today; it has support at 14200-14100 and resistance at 14400-14500 level.
Banking index is likely to trade range bound today; it has support at 31400-31000 and resistance at 32200-32500 level.
RELIANCE has closed with reversal candlestick formation with volume support; it is likely to continue its upside today as well.
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Derivatives data – Brief commentary (25 Jan 21)
• For Weekly/Monthly expiry (28 Jan), max OI addition was seen at 14400 call and 14200 put. Max OI is at 15000 call and 14000 put.
• Cumulative Nifty PCR stands at 1.02 (25 Jan) Vs 1.14 (22 Jan)
Overall FII derivatives data is positive for Monday (25 Jan 21)
• In Index futures, there was addition on the long side and unwinding on the short side resulting in net long exposure going up at 64.2% (25 Jan) Vs 59.5% (22 Jan).
• In Index options, there was addition in call options - long side and put options - short side.
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Derivatives data – Brief commentary (22 Jan 21)
• For Weekly/Monthly expiry (28 Jan), max OI addition was seen at 14500 call and 13800 put. Max OI is at 15000 call and 14000 put.
• Cumulative Nifty PCR stands at 1.14 (22 Jan) Vs 1.58 (21 Jan)
Overall FII derivatives data is negative for Friday (22 Jan 21)
• In Index futures, there was unwinding on the long side and addition on the short side resulting in net long exposure going down at 59.5% (22 Jan) Vs 66.6% (21 Jan).
• In Index options, there was addition in call options - short side and put options - long side.
Weekly Market Analysis: The market is at an all-time high. What next?
https://www.repleteequities.com/weekly-market-analysis-for-coming-week/
Data looks big Positive today. We may see #nifty expiry around 14700 - 14800 Levels. Avoid Puts and follow your risk management rules.
Data looks big Positive for #banknifty also today. We may see an expiry around 32700 - 33000 Levels.
Keep Tracking!
#StockMarket #markets
Derivatives data – Brief commentary (20 Jan 21)
• For Weekly expiry (21 Jan), max OI addition was seen at 14750 call and 14600 put. Max OI is at 14700 call and 14000 put.
• For Monthly expiry (28 Jan), max OI addition was seen at 15000 call and 14600 put. Max OI is at 15000 call and 14000 put.
• Cumulative Nifty PCR stands at 1.44 (20 Jan) Vs 1.36 (19 Jan)
Overall FII derivatives data is mild negative for Wednesday (20 Jan 21)
• In Index futures, there was unwinding on the long side and addition on the short side resulting in net long exposure going down at 63.6% (20 Jan) Vs 67.2% (19 Jan).
• In Index options, there was net addition in call options - short side and put options - long side.
Nifty And Bank Nifty Support And Resistance For Tomorrow
https://www.repleteequities.com/nifty-support-and-resistance-for-tomorrow/
Data looks positive in early hours. Avoid puts. Targets are 14700 & 33000 in #Nifty & #Banknifty
Based on OI data, 14400 - 14700 & 32000 - 33000 are the range for #Nifty & #Banknifty for coming expiry.
Keep Tracking!
Derivatives data – Brief commentary (19 Jan 21)
• For Weekly expiry (21 Jan), max OI addition was seen at 14650 call and 14400 put. Max OI is at 14600 call and 14400 put.
• For Monthly expiry (28 Jan), max OI addition was seen at 15000 call and 14400 put. Max OI is at 15000 call and 14000 put.
• Cumulative Nifty PCR stands at 1.36 (19 Jan) Vs 1.12 (18 Jan)
Overall FII derivatives data is mild positive for Tuesday (19 Jan 21)
• In Index futures, there was net addition on the long side resulting in net long exposure going up at 67.2% (19 Jan) Vs 66.9% (18 Jan).
• In Index options, there was net addition in call options - long side and put options - short side.
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Derivatives data – Brief commentary (18 Jan 21)
• For Weekly expiry (21 Jan), max OI addition was seen at 14400 call and 13500 put. Max OI is at 14600 call and 13500 put.
• For Monthly expiry (28 Jan), max OI addition was seen at 14500 call and 14100 put. Max OI is at 15000 call and 14000 put.
• Cumulative Nifty PCR stands at 1.12 (18 Jan) Vs 1.19 (15 Jan)
Overall FII derivatives data is mild negative for Monday (18 Jan 21)
• In Index futures, there was net unwinding on the long side resulting in net long exposure going down at 66.9% (18 Jan) Vs 67.4% (15 Jan).
• In Index options, there was net addition in call options - long side and put options - long side.
We saw a weak opening in #banknifty
Based on the OI data, We can see a huge OI buildup from 32000 CE to 33000 CE, which indicates that #banknifty is facing resistance from higher levels.
Support has shifted to 31500 from 32000. where 31000 is acting as the next support level