Replete Equities

14 May 2025 05:32

_Morning Snippet:- 14th May 2025_

Index Observation

Nifty gave up 1/3rd of its previous day’s gain in yesterday’s session on account of profit taking after an extended rally. Index has ended just below its trailing to its support of 24600. Upside to 24900 / 25400 remains open unless the index fails to hold above 24600. Next 2-3 trading days are expected to remain volatile after a large range day at the start of this week.

Bank Nifty has reversed its course from its 5 year polarity trendline support highlighted earlier this week. Unless a closing below its previous bearish target of 53500 is not seen, further downside cannot be seen on this index. For this week - a range between 54900 and 55900 can be seen unfolding.

NSE Nifty, weekly expiry is scheduled for tomorrow while the weekly closing is seen on Friday on charts.

Interesting Observation

Since the tragic Pahalgam attack on 22nd April 2025, Indian equities have largely demonstrated resilience, with the Nifty 50 standing at a 1.6% gain from that day’s opening level.

However, a closer look at sectoral performance reveals a more nuanced picture. The IT sector has emerged as a clear outperformer, surging by 9.6%, followed by the Defence sector with a 9.4% gain and Auto up 6%.

Conversely, sectors like PSE and PSU Banks have struggled, declining by 2.4% and 2% respectively.

These divergences highlight which segments of the market one should be looking at - or which one should be avoided —during this periods of uncertainty and heightened volatility.

DERIVATIVES | Trade Setup

Cash Market Activity
FII: ₹ -476 Cr
DII: ₹ 4,273 Cr

Week-to-Date (WTD)
FII: ₹ 770 Cr
DII: ₹ 5,721 Cr

Month-to-Date (MTD)
FII: ₹ 8,627 Cr
DII: ₹ 19,462 Cr

F&O Cues
FIIs have reversed their stance again in index futures, adding 36,650 short contracts in the latest session. The net position has turned short-heavy, and currently stand at 36.5k short contracts

In the options segment, the 24,000 strike remains a strong support level, indicated by the highest put open interest, while 25,000 continues to act as key resistance, marked by the highest call open interest.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 0
New 52 Week Lows: 0

Mid Cap:
New 52 Week Highs: 3
New 52 Week Lows: 0

Small Cap:
New 52 Week Highs: 6
New 52 Week Lows: 0

NIFTY500:
New 52 Week Highs: 9
New 52 Week Lows: 0

Replete Equities

13 May 2025 14:49

One more profitable day was added to our trading journal.

Buying is dominating over selling nowadays!

Intraday Return = 1%.

If you want to deploy this basket is your account, can DM us.

Replete Equities

13 May 2025 05:58

Photo from Replete Equities

Replete Equities

12 May 2025 06:50

Our BTST strategy in Nifty Options worked very well today.

Made decent return.

However, I did an adjustment in it on Friday due to recent domestic tension and adjustment worked very well.

Will share how I adjust in sometime, please keep following!

Replete Equities

09 May 2025 06:00

_Morning Snippet :- 09th May 2025_

Index Observation

Nifty ended at a 8 day closing low in yesterday’s weekly expiry session as panic set in second half of trade on news reports of further escalation between Indo-Pak tensions. The trailed support of 24230 was seen breached while the index is now likely to head for an important support of 23900 which has held its test of time in the past few weeks. We reiterate our view that only a closing below 23900 is likely to allow further downside on the index, unless a close is observed - a range between 23900 - 24400 could continue to play out.

_Traders are unlikely to carry elevated longs over this uncertain weekend after the run up seen in April on both leading indices._

After past week’s lower high formation on weekly charts - Bank Nifty’s underperformance continues to unfold. With Bank Nifty closing below its support of 54500 - directional move has started playing out. We had highlighted this for past 2 days - morning snippet which is now being played out with a resistance seen at 55050 and a target on downside of 53500 / 53100.

Interesting Observation:

On Wednesday, we highlighted the potential weakness in the U.S. Technology ETF. A similar setup is now visible on the Nasdaq index chart, reinforcing our view.

The index has retraced nearly 61.8% of its previous decline and formed a Doji candlestick pattern in the latest session—an early indication of possible exhaustion in the ongoing uptrend.

Additionally, the index encountered two critical resistance levels yesterday:
1. It faced selling pressure near the previous swing high marked on March 25, 2025.
2. It also completed a 100% Fibonacci extension from the low registered on April 4, 2025.

Unless the index manages to close decisively above the 20,400 level, there is a strong likelihood of a trend reversal from current levels.

Given the Nasdaq’s global influence, a reversal in the U.S. technology index could potentially weigh on the global technology sector as well.

DERIVATIVES

Trade Setup

Activity in Cash Market
FII Cash: 2,007 Cr
DII Cash: -596 Cr

WTD (Week-to-Date)
FII: ₹ 8,883 Cr
DII: ₹ 3,173 Cr

MTD (Month-to-Date)
FII: ₹ 11,652 Cr
DII: ₹ 6,463 Cr

F&O Cues
FIIs continued to build long positions in index futures, adding 7k long contracts in the latest session. Their net position now stand at 7.4k long contracts.

On the options front, 23,500 strike holds as support with maximum put open interest, while 24500 remains the key resistance as indicated by the highest call OI.

DERIVATIVES

Trade Setup

Activity in Cash Market
FII Cash: 2,007 Cr
DII Cash: -596 Cr

WTD (Week-to-Date)
FII: ₹ 8,883 Cr
DII: ₹ 3,173 Cr

MTD (Month-to-Date)
FII: ₹ 11,652 Cr
DII: ₹ 6,463 Cr

F&O Cues
FIIs continued to build long positions in index futures, adding 7k long contracts in the latest session. Their net position now stand at 7.4k long contracts.

On the options front, 23,500 strike holds as support with maximum put open interest, while 24500 remains the key resistance as indicated by the highest call OI.

Replete Equities

08 May 2025 14:21

The Trade That Taught Me to Respect Risk — Forever

https://newsletter.tradepik.com/posts/the-trade-that-taught-me-to-respect-risk-forever

Replete Equities

08 May 2025 05:50

_Morning Snippet:- 08th May 2025_

Index Observation

Nifty continued to remain in range after covering all the gap down opening losses in the opening bell itself. The index has been confined within a 2% band ever since the geopolitical tensions emerged on April 22nd, 2025. We continue to see 24230 as our revised support for long side view on the index as the index continues to face supply above 24400.

Bank Nifty’s underperformance continues on weekly charts after a lower high formation seen in last week’s trade. A directional move on the short side can play out towards 53550 / 53100 with a resistance seen at 55050 as the index has closed below 54500 support earlier this week.

Nifty’s weekly expiry is scheduled for today while the weekly closing on charts is seen tomorrow.

Interesting Observation

Q4FY25: Hits & Misses So Far

• The table compares Q4FY25 earnings expectations vs. reported results for Nifty 50 companies ex-finance.

• It highlights key financial metrics—Revenue, EBITDA, adjusted PAT, and adjusted EPS—showing whether companies beat or missed estimates.

• 16 Nifty 50 companies have reported Q4FY25 results in the image
—> 9 companies beat expectations
—> 4 companies missed expectations
—> 4 had mixed/neutral results


*, DERIVATIVES**


Trade Setup

Activity in Cash Market

FII Cash: ₹ 2,585 Crs

DII Cash: ₹ 2,378 Crs

WTD (Week-to-Date)

FII: ₹ 6,876 Crs

DII: ₹ 3,769 Crs

MTD (Month-to-Date)

FII: ₹ 9,645 Crs

DII: ₹ 7,059 Crs

F&O Cues
FIIs turned net long on index futures, adding 3.1k long contracts in the latest session. Their net position has flipped to the long side after being short previously.

On the options front, the 24,000 strike continues to offer strong support with maximum put open interest, while 25,000 remains a key resistance level as per call open interest.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 3
New 52 Week Lows: 0

Mid Cap:
New 52 Week Highs: 0
New 52 Week Lows: 1

Small Cap:
New 52 Week Highs: 5
New 52 Week Lows: 2

NIFTY500:
New 52 Week Highs: 8
New 52 Week Lows: 3

Replete Equities

07 May 2025 05:47

Photo from Replete Equities

Replete Equities

05 May 2025 05:35

_Morning Snippet:- 05th May 2025_

Index Observation

Nifty has scaled back to a fresh 4.5 month high, as it has been trading in a broad 2% range for the past 2 weeks now. With the speed of supply seen on Friday above 24500-mark, Nifty is likely to retest its 200 DMA on the downside at 24050. Further pressure on the index is likely to unfold only on closing below 23900, which is the nearest logical support on charts. The current range ends on closing above 24400 or below 23900.

Despite Bank Nifty closing at the highest weekly ending ever, it has made a lower high formation on weekly charts, which signals exhaustion of longs in the current set up where in the index rallied close to 15% in a matter of 3 weeks. Bank Nifty is consolidating in a 3% range for the past 2 weeks now, and a directional move is likely to unfold above 56000 or below 54500 which are support and resistance levels of the ongoing rangebound consolidation. Any breakout on either side is likely to allow for a 1400 – 1600 point move in the direction of breakout.

BSE Sensex weekly expiry is scheduled for tomorrow while Nifty’s weekly expiry is set for Thursday.

Interesting Observation

While the Indian markets ended flat in Friday's session, the underlying market breadth tells a different story.

A comparison between the Nifty 500 Equal Weighted Index and the Market Cap Weighted Index reveals a divergence. During April’s rally, this ratio remained stagnant and eventually declined, suggesting that the upward movement was driven primarily by heavyweight stocks, not broad-based participation.

In recent sessions, the ratio also broke down from an inverse flag-and-pole pattern — a bearish signal — pointing to further deterioration in market breadth.

This raises a note of caution: the current rally appears narrow and concentrated, reducing the likelihood of its sustainability.

DERIVATIVES

Trade Setup
Activity in Cash Market

FII Cash: 2769 Crs.
DII Cash: 3290 Crs.

WTD
FII: 7678 Crs.
DII: 9268 Crs.

MTD
FII: 2769 Crs.
DII: 3290 Crs.


F&O CUES

FIIs stance on index futures were neutral in the previous session. They have added 2k long contracts. FIIs net position on index futures now stand at 8K short contracts.

On the option front, 24000 strike will continue to act as support as this strike has significant put open interest. On the upside, 24500 strike has significant call open interest and therefore will act as resistance.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 2
New 52 Week Lows: 0

Mid Cap:
New 52 Week Highs: 3
New 52 Week Lows: 1

Small Cap:
New 52 Week Highs: 2
New 52 Week Lows: 1

NIFTY500:
New 52 Week Highs: 7
New 52 Week Lows: 2

Replete Equities

04 May 2025 07:49

Must read for this weekend.

https://killerstartups.com/gen-i-spent-5-years-studying-how-the-rich-really-build-wealth-and-its-not-what-financial-gurus-tell-you/

Replete Equities

02 May 2025 05:21

Photo from Replete Equities

Replete Equities

30 Apr 2025 05:17

_Morning Snippet:- 30th April 2025_

Index Observation

Nifty hit a fresh 4 month high, yet closed below its previous day’s high as well as previous swing high registered on 23rd of April 2025. Signs of exhaustion are seen on the index after a sharp run up of 10% on the index from its panic lows of start of this fiscal. With the week being truncated for a trading holiday tomorrow, a range between 23900 and 24400 can be seen holding on for the balance of this week while 23900 continues to act as a strong support on downside.

Early morning pressure on Gift Nifty Futures is seen due to an early morning presser by Pakistan claiming a possible military strike by India across LOC in the next 24-36 hours.

Bank Nifty as well ended flat in Tuesday’s session with the index closing below previous day’s high after making a lower high formation on daily charts. A loss of momentum is seen on both of these leading indices after huge run up from its intramonth lows. Bank Nifty has completed its initial target on downside at 54200 and further downside opens up only after the correlated Nifty gives a closing below 23900. As highlighted yesterday, we continue to view 54200 – 56000 as a range for this week’s trade, meanwhile the index also saw supply near the 56000 mark in yesterday’s session.

Nifty’s weekly expiry is due today ahead of trading holiday tomorrow.

Interesting Observation

Following Monday’s analysis of Nifty vs. S&P 500, we now turn our attention to the bond market and the U.S. dollar.

The U.S. 2-year government bond yield (upper panel) has rebounded from a key swing low, a level that has served as a support for the past two years.

The Dollar Index (DXY) (lower panel) is showing positive divergence with the RSI, suggesting a potential for upward momentum. Additionally, DXY has witnessed a bullish weekly candle after four consecutive weeks of decline.

Sustenance in both the bond market and the dollar index can further support the case that U.S. equities can outperform global markets.

DERIVATIVES

Trade Setup
Activity in Cash Market

FII Cash: 2385.61 Crs.
DII Cash: 1369.19 Crs.

WTD
FII: 4859.71 Crs.
DII: 4186.83 Crs.

MTD
FII: 2684.45 Crs.
DII: 26436.3 Crs.


F&O CUES

FIIs stance on index futures were bullish in the previous session. They have added 4K long contracts. FIIs net position on index futures now stand at 17K short contracts.

On the option front, 24300 strike will continue to act as support as this strike has significant put open interest. On the upside, 24500 strike has significant call open interest and therefore will act as resistance.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 1
New 52 Week Lows: 0

Mid Cap:
New 52 Week Highs: 3
New 52 Week Lows: 0

Small Cap:
New 52 Week Highs: 2
New 52 Week Lows: 0

NIFTY500:
New 52 Week Highs: 6
New 52 Week Lows: 0

Replete Equities

29 Apr 2025 13:34

One more profitable day was added to our trading journal.

Around 1% intraday return.

After 4 months of continuous testing and optimisation, finally our basket started generating some consistent return.

If you want to know more about the basket, DM us. @RepleteEq

Replete Equities

29 Apr 2025 05:43

_Morning Snippet:- 29th April 2025_


Index Observation

Nifty recovered all of its Friday’s losses on the first trading day of this truncated week while ending back to CY 2025 highs. This bounce was partially fueled by bouncing back from support of 23900 as well as, no serious escalation on the Indo-Pak front over the weekend. Charts yet continue to appear stretched on daily as well as weekly charts and we continue to see a range of 24-24.5k for this week’s trading.

Bank Nifty as well, inline with Nifty recovered all of its Friday’s losses instead closed above Friday’s high after completing its initial 1000 point downside on Friday. The index opens further downside only after the correlated Nifty ends below 23900. For the current week a range between 54700 and 56000 can be seen playing out.

BSE SENSEX weekly expiry is scheduled today while Nifty’s weekly expiry is scheduled for tomorrow with a trading holiday observed on Thursday.

Interesting Observation

• Brazilian equities have lagged other emerging markets; Ibovespa is only 13% above its pre-Covid 2020 peak.
• A trendline breakout is visible on the Ibovespa/MSCI EM ratio chart (weekly timeframe).
• The ratio has formed a base at a previous resistance-turned-support, with three successful bounces in 2024-2025.
• A rise in Ibovespa could hint at strength in soft commodities (Brazil’s key exports).
• Likely beneficiaries: coffee, sugar, soybeans, corn, and oranges.

DERIVATIVES

Trade Setup
Activity in Cash Market

FII Cash: 2474 Crs.
DII Cash: 2817 Crs.

WTD
FII: 2474 Crs.
DII: 2817 Crs.

MTD
FII: 298 Crs.
DII: 25,067 Crs.


F&O CUES

FIIs stance on index futures were bullish yesterday as they have added 12k long contracts in previous trading session. The net position on index futures now stand at 23k short contracts.

On the option front, 24000 strike will continue to act as support as this strike has significant put open interest. On the upside, 24500 strike has significant call open interest and therefore will act as resistance.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 1
New 52 Week Lows: 0

Mid Cap:
New 52 Week Highs: 0
New 52 Week Lows: 0

Small Cap:
New 52 Week Highs: 2
New 52 Week Lows: 0

NIFTY500:
New 52 Week Highs: 3
New 52 Week Lows: 0

Replete Equities

28 Apr 2025 05:11

_Morning Snippet:- 28th April 2025_

Index Observation

Nifty dropped nearly 500 points from its intraday high to lows on Friday ahead as fears to escalation between India - Pak heightened ahead of the weekend. Traders generally lighten up their position if they are sitting on a recent run up in the market ahead of an uncertain event. Despite this, recovery in the second half of trade led to 23900 support being protected on a closing basis. We continue to hold by our stance of a sideways market movement unless support of 23900 is not taken down which could unfold further southward pressure.

Bank Nifty after ending below its support of 55240 on Thursday, completed its target of 800-1000 point downside in the very next session. The index mildly underperformed Nifty for the past 2 trading days as it ended its outperforming stance on previous leg's target completion. Bank Nifty's target can extend further lower towards 53550 odd but this trigger opens up only if the peer index Nifty breaks its support of 23900 on a closing basis.

BSE Sensex broadly remained in line with Nifty all through last week, for now a support of 78200 is being established on daily charts, below which negative momentum can develop. Ahead of its weekly expiry tomorrow, the index is broadly likely to trade within 79700 and 78200 on the downside.

BSE Sensex weekly expiry is scheduled for tomorrow while Nifty's weekly expiry is scheduled on Wednesday ahead of a trading holiday on Thursday

Interesting Observation

On March 12, 2025, we had highlighted a pivotal moment where the Nifty 50 was poised to outperform the S&P 500, and the market action since then has validated our view, with the Nifty delivering over 20% relative outperformance. However, looking at the latest developments on the NIFTY/SPX ratio chart, the setup appears to be shifting.

After a sharp bounce from long-term support, the ratio has now approached a historically significant resistance zone — an area that has consistently capped relative performance over the last decade. Multiple failed breakouts and reversals from this zone (marked with arrows) signal caution.

Given this backdrop, we now believe the Indian benchmark may lose momentum in its outperformance cycle against the US market over the coming months.

⸻

DERIVATIVES

Trade Setup
Activity in Cash Market

FII Cash: 2952 Crs.
DII Cash: 3539 Crs.

**WTD*,
FII: 17,794 Crs.
DII: 1132 Crs.

MTD
FII: -2,175 Crs.
DII: 22,249 Crs.


F&O CUES

FIIs stance on index futures were bearish yesterday as they have added 11k short contracts in previous trading session. The net position on index futures now stand at 35k short contracts.

On the option front, 23500 strike will continue to act as support as this strike has significant put open interest. On the upside, 24500 strike has significant call open interest and therefore will act as resistance.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 2
New 52 Week Lows: 0

Mid Cap:
New 52 Week Highs: 4
New 52 Week Lows: 0

Small Cap:
New 52 Week Highs: 2
New 52 Week Lows: 0

NIFTY500:
New 52 Week Highs: 8
New 52 Week Lows: 0

Replete Equities

14 May 2025 05:31

Photo from Replete Equities

Replete Equities

13 May 2025 05:58

_Morning Snippet:- 13th may 2025_

Index Observation

From ending at 3 week low on Friday to ending at a fresh 6 month high reclaiming its 200 DMA and gaining the most in absolute terms in the last 4 years on Nifty — is what the markets witnessed yesterday. All of this was on back of the ceasefire understanding announced over the weekend added by a sweetener to global equities on a temporary agreement reached between US and China on tariffs. Markets extended gains surprisingly even after a 500 pt gap up opening. 24600 now acts as fresh support while 25600/25800 can now be seen as possible targets on upside.

Bank Nifty gained close to 1800 points on similar newsflow as the index reversed its course from the 5 year trendline’s polarity support highlighted in yesterday’s snippet wherein it also completed its initial downside target. Unless a closing below the same (53500) is not seen further downside cannot be seen opening up. For now a range between 54900 and 55900 can be seen playing for this week on the index.

Interesting Observation

The chart highlighted is a ratio of The Nifty Financial Services to Nifty 50 ratio

The Ratio has historically exhibited a distinct pattern— rallying around 16% on average, with past surges reaching upto 23%.

Since the February 2024 low, the ratio has already advanced by 20%, closely aligning with its historical average.

This rally has also retraced 61.8% of the broader 2020–2024 decline—an important Fibonacci level, often seen as a crucial point of reversal.

Since past few days it has been observed the the Nifty Financial Services index has started showing its underperformance against the broader market.

The technical setup suggests that the financial sector may face relative headwinds, as its ratio against the Nifty 50 is starting to trend lower.

DERIVATIVES
Trade Setup

Activity in Cash Market

FII Cash: ₹ 1,246 Cr
DII Cash: ₹ 1,448Cr

WTD (Week-to-Date)
FII: ₹ 1,246 Cr
DII: ₹ 1,448 Cr

MTD (Month-to-Date)
FII: ₹ 9,103 Cr
DII: ₹ 15,189 Cr

F&O Cues
F&O Cues
FIIs reverse their stance in index futures as they have covered their short positions in yesterday’s session. They have added 7k long contracts. Now the net position stands at mere 150 long contracts.

On the options front, the range has shifted higher with 24500 strike to act as strong support with the highest put open interest, while 25500 remains a key resistance level, indicated by the call OI.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 3
New 52 Week Lows: 0

Mid Cap:
New 52 Week Highs: 4
New 52 Week Lows: 0

Small Cap:
New 52 Week Highs: 5
New 52 Week Lows: 0

NIFTY500:
New 52 Week Highs: 12
New 52 Week Lows: 0

Replete Equities

12 May 2025 08:44

How We Turned a Losing Trade into a ₹32,000 Gain – Real BTST Strategy Breakdown!

https://www.repleteequities.com/nifty-btst-strategy-profit-breakdown/

Replete Equities

12 May 2025 05:43

_Morning Snippet:- 12th May 2025_

Index Observation

Despite ending at a 3 week closing low - (lowest closing since the Pahalgam attacks took place) , Nifty did not close below its important support of 23900. This support has been tested twice in the past 2 weeks, yet it managed to hold on closing basis. We reiterate our view shared on Friday that only a closing below 23900 is likely to allow further downside on the index, unless a close is observed - a range between 23900 - 24400/450 could continue to play out. Another important aspect to note on a price action front is that Nifty on weekly charts has closed below its previous week's low suggesting that weakness could remain unless it is able to sustain today's gap up opening for at least 2 more trading days.

Bank Nifty completed its target of 53500 on downside which we had been highlighting all through last week. The index is currently at a polarity support of its erstwhile 5-year trendline of 53500 and any downside from here will need a closing below same to escalate further. Today's gap up opening is solely backed by geopolitical news on ceasefire arrangement between India and Pakistan and this could sustain only if the ceasefire is respected by both nations. For now, an initial uptick towards 54900 could played out with support remaining at Friday's low of sub 53500.

BSE Sensex, is not in line with NSE Nifty as far as weekly chart's are concerned, the index shows minor disconnect by not closing below its previous week's low. The daily candle of Friday also appears stronger on the BSE Sensex - relative to Nifty if we compared the candle's range to body ratio. With its weekly expiry due tomorrow, 78900 - 80900 are the levels to watch for as immediate support and resistance marks.

BSE Sensex weekly expiry is scheduled for tomorrow while Nifty's weekly expiry is scheduled for coming Thursday. Domestic (India) CPI data (April) is scheduled to be released post market hours today.

Interesting Observation

The attached chart of MSCI ACWI ex-USA Index has repeatedly tested the 360 level in 2007, 2021, 2024 and now in 2025.
Past rejections triggered major corrections. However, a key structural shift is visible: each correction has been progressively shallower, suggesting improving investor confidence outside the U.S.

Recent price action shows higher lows and consolidation under resistance—often a sign of an impending breakout.

As of April 2025, top country weights in this 46-country index are:
* Japan: 13.95%
* United Kingdom: 9.47%
* China: 8.44%
* Canada: 7.91%
* France: 7.26%
* India: 7.21%

With India now holding a significant 7.21% weight, its rising global relevance is evident. The overall setup increases the odds of a sustainable breakout above the 360–365 zone which would mark the end of a 17-year consolidation phase and trigger a new structural bull cycle in global ex-U.S. equities. However, confirmation via strong follow-through remains key.

DERIVATIVES
Trade Setup

Activity in Cash Market

FII Cash: ₹ -3,798 Cr
DII Cash: ₹ 7,277 Cr

WTD (Week-to-Date)
FII: ₹ 5,085 Cr
DII: ₹ 10,450 Cr

MTD (Month-to-Date)
FII: ₹ 7,854 Cr
DII: ₹ 13,740 Cr

F&O Cues
FIIs reversed their stance in index futures, adding 14k short contracts in the latest session. Their net position now reflects a short bias, at 7k short contracts.

On the options front, 23,500 strike continues to act as strong support with the highest put open interest, while 24,500 remains a key resistance level, indicated by the call OI.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 0
New 52 Week Lows: 0

Mid Cap:
New 52 Week Highs: 1
New 52 Week Lows: 4

Small Cap:
New 52 Week Highs: 1
New 52 Week Lows: 6

NIFTY500:
New 52 Week Highs: 2
New 52 Week Lows: 10

Replete Equities

09 May 2025 06:00

Photo from Replete Equities

Replete Equities

08 May 2025 13:02

Made decent profit in the last hour today.

Intraday Return is 1.5%

Deplyed our Nifty Buying + Selling basket today.

Wanted to work with our Nifty Basket or have any questions, feel free to DM us. @RepleteEq

Have a lovely evening.

Replete Equities

07 May 2025 05:48

_Morning Snippet: 07th May, 2025_

Index Observation

Despite trading at 4.5 month highs, Ever since the geopolitical tensions have erupted 2 weeks ago, Nifty has been confined with a 2% range. For the first time in past 7 trading days, the index has closed below its previous day’s low showing signs of short term weakness after exhaustion signs we have been seeing all through past week. We continue with the revised support seen at 24230 however chances of the same breaking are high given the supply seen yesterday above 24400 as well as geopolitical developments.

After a lower high formation on weekly charts, Bank Nifty continues to underperform against Nifty with the index shredding over a percent yesterday. Directional move can now playout given the closing below 54500 for targets of 53550 / 53100. Any rise above 54500 are likely to act as *sell on rise* levels on the Bank Nifty.

Nifty’s weekly expiry is scheduled for tomorrow.

Interesting Observation

The ratio between the Technology sector ETF and the S&P 500 ETF reveals a notable development in relative performance.

* After outperforming for about 1.5 years, the ratio peaked in mid-2024 and has trended lower since.
* A significant support level was broken in February 2025, and the decline extended into early April, signaling underperformance by the tech sector.
* Recently, the ratio has rebounded and is now testing the former support, which may act as resistance.
* At the same time, the tech ETF itself is nearing a previous swing high—a potential supply zone.

For the technology sector to reassert leadership, it must decisively clear this swing high. Until then, the ratio implies continued relative weakness of the tech sector against the S&P 500.

DERIVATIVES

Trade Setup

Activity in Cash Market
• FII Cash: ₹ 3,794 Crs
• DII Cash: ₹ -1,397 Crs

WTD (Week-to-Date)
• FII: ₹ 4,291 Crs
• DII: ₹ 1,391 Crs

MTD (Month-to-Date)
• FII: ₹ 7,060 Crs
• DII: ₹ 4,681 Crs

F&O CUES

• FIIs’ stance on index futures were neutral in the previous session with the addition of 2k long contracts. Their net position now stands at 3k short contracts.

• On the option front, the 24,000 strike continues to offer strong support, while the 25,000 strike remains a key resistance level.

Replete Equities

06 May 2025 10:27

The Blueprint Behind Every Winning Trade!

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#sharemarket #Sensex

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05 May 2025 05:33

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02 May 2025 05:22

_Morning Snippet:- 2nd May 2025_

Index Observation

Nifty ended flat ahead of a trading holiday despite sharp downmove in the final minutes of trade on Wednesday. We continue to hold by the view shared earlier for a range on spot Nifty to be seen between 23900 and 24400 for this week as exhaustion signs after a sharp 10% upmove are widely visible on the index. 23900 continues to act as a strong support on downside.

Bank Nifty on the other hand underperformed Nifty continuing its stance for the 3rd straight day in a row. The index continues to remain in range highlighted at the start of this week as 56000-54200. This 56k level has been allowing good supply for downside on Bank Nifty while a farther pressure could only be seen when its correlated Nifty ends below 23900. The range mentioned earlier stands valid for today as well.

Nifty’s weekly closing is scheduled for today, while BSE Sensex weekly expiry is set for coming Tuesday.

Interesting Observation

The USDINR currency pair is showing a noteworthy development on the monthly chart.

• A long-term Elliott Wave structure appears to be nearing completion, with the fifth impulse wave approaching parity in value terms with the third wave.

• Towards the final leg of this fifth wave, an evening star pattern has emerged — a classic signal of potential reversal. This pattern gains further credibility with April month’s candle closing below the low of the evening star.

• A rising wedge pattern has formed on the monthly chart - a formation typically preceding corrections within an ongoing uptrend.

Taken together, these technical signals suggest that a corrective phase — the next anticipated move in the Elliott Wave sequence — could soon unfold in the USDINR pair.

DERIVATIVES

Trade Setup
Activity in Cash Market

FII Cash: 50.5 Crs.
DII Cash: 1792.1 Crs.

WTD
FII: 4909.7 Crs.
DII: 5978.2 Crs.

MTD
FII: 2436 Crs.
DII: 3161 Crs.


F&O CUES

FIIs stance on index futures were neutral in the previous session. They have added 7k long contracts. FIIs net position on index futures now stand at 10K short contracts.

On the option front, 24000 strike will continue to act as support as this strike has significant put open interest. On the upside, 25000 strike has significant call open interest and therefore will act as resistance.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 0
New 52 Week Lows: 0

Mid Cap:
New 52 Week Highs: 2
New 52 Week Lows: 1

Small Cap:
New 52 Week Highs: 1
New 52 Week Lows: 0

NIFTY500:
New 52 Week Highs: 3
New 52 Week Lows: 1

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