THREAD ON NIFTY50 ANALYSIS
Data points under consideration:
1. PCR
2. IV("NOT INDIA VIX")
3. OPEN INTEREST DATA OF NF
4. OPTION CHAIN (MONTHLY EXPIRY)
If found useful "RT"
Please don't take it as long term view I am just anticipating a bounce over here
#Nifty
Data points under consideration:
1. PCR
2. IV("NOT INDIA VIX")
3. OPEN INTEREST DATA OF NF
4. OPTION CHAIN (MONTHLY EXPIRY)
If found useful "RT"
Please don't take it as long term view I am just anticipating a bounce over here
#Nifty
1. COMPARISION OF NIFTY PCR(CURRENT EXPIRY) W/ IV
a. According to the data plotted above it being observed that PCR is constantly under falling zone it was getting stuck towards the zone of 1.3 - 1.0 and it fell below 1 today ~0.8 which means OI of CALLS>OI of PUTS
a. According to the data plotted above it being observed that PCR is constantly under falling zone it was getting stuck towards the zone of 1.3 - 1.0 and it fell below 1 today ~0.8 which means OI of CALLS>OI of PUTS
b. Seeing the IV data of NIFTY its being observed that when PCR is constantly falling, IV is setting the higher tones which very conclusive to say that "SHORT COVERING" on PUTS is bringing more pain to INDEX and if this SHORT COVERING continues INDEX will fall further down
c. The above presented idea was just one side of story but if we take CALLS into consideration seeing the nature of IV and PCR it can be concluded that
'THERE ARE SOME MARKET PARTICIPANTS WHO TOOK A CHANCE TO BUY CHEAP CALLS'
(Read the next point for better idea of above point)
'THERE ARE SOME MARKET PARTICIPANTS WHO TOOK A CHANCE TO BUY CHEAP CALLS'
(Read the next point for better idea of above point)
As per PCR and IV its my conclusion that these CALLS that are being added are not SHORTS instead they are LONGS
And the red bar that are seen below the 0(ZERO) are reflecting "SHORT COVERING" of PUTS as mentioned in the above point
And the red bar that are seen below the 0(ZERO) are reflecting "SHORT COVERING" of PUTS as mentioned in the above point
OPEN INTEREST DATA:
OI Data of NF suggests that there is SHORT BUILDUP as there is 'DECREASE IN PRICE WITH INCREASE IN OI' but if you are watching the data closely its very evident that the OPEN INTEREST added today in form of SHORTS are far less than average contracts
OI Data of NF suggests that there is SHORT BUILDUP as there is 'DECREASE IN PRICE WITH INCREASE IN OI' but if you are watching the data closely its very evident that the OPEN INTEREST added today in form of SHORTS are far less than average contracts
PRICE ACTION ANALYSIS
Demand Zone: 10585 - 10741
Supply Zone: 10987 - 11118
NIFTY(SPOT) needs to stay above today's low~10718 for better move on higher side
See the chart its more self explanatory
According to FIBO LEVELS "SUPPORT ZONE" is in the range of 10499 - 10806
Cont...
Demand Zone: 10585 - 10741
Supply Zone: 10987 - 11118
NIFTY(SPOT) needs to stay above today's low~10718 for better move on higher side
See the chart its more self explanatory
According to FIBO LEVELS "SUPPORT ZONE" is in the range of 10499 - 10806
Cont...
Even the indicator is making higher lows where as price is forming lower lows which is indicating that there is lose of momentum but the actual buying confidence will come when the indicator turns into "green bar"
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