Market Trade Setup: Due to increasing tension between India and Pakistan, the Nifty declined by more than 1 percent in the week ended on Friday 9 May. A long bearish candle became a long bearish candle on the weekly time frame. Along with this, there was a sign of more weakness in the volatility index. However, despite Friday’s correction, the Nifty remains within the radius of 23,850-24,600. The decisive decline below the lower end of this realm may push the Nifty towards 23,600-23,500 in the coming business sessions. Conversely, if the Nifty manages to move above 24,600, then a new phase of speed can begin.
Here you are giving some such figures on the basis of which you will be able to catch profitable deals.
Support and registration level for nifty
Support based on Pivot Point: 23,949, 23,895 and 23,808
Registration based on Pivot Point: 24,123, 24,177 and 24,264
Bank nifty
Resistance based on pivot points: 53,929, 54,064 and 54,283
Support based on pivot points: 53,493, 53,358 and 53,139
Resistance based on Fibonacci Retress: 54,524-56,381
Fibonacci Retress based support: 52,900, 51,902
Nifty call option data
A maximum call of 72.53 lakh contracts has been seen open interest on a strike of 25,000 on a weekly basis, which will work as an important registration level in the upcoming business sessions.
Nifty put option data
A maximum of 67.71 lakh contracts have been seen open interest on a strike of 24,000, which will work as important support level in the coming business sessions.
GIFT NIFTY 400 points up, Indo-Pakistan tension has to open with a strong increase in the market with a strong rise
Bank Nifty Call Option Data
The bank Nifty has seen a maximum call open interest of 13.35 lakh contracts on a strike of 54,000, which will work as important registration levels in the upcoming business sessions.
Bank Nifty put option data
A maximum of 17.3 lakh contracts have been seen open interest on a strike of 54,000, which will work as an important registration level in the coming business sessions.
FII and DII Fund Flow
India Vix, which measured the market’s potential volatility, reached a one-month high amid growing tension between India and Pakistan. This created trouble for the stunning. At the same time, the trend became more favorable for the mandis. India Vix rose 2.98 per cent to 21.63, which is its highest closing level since 7 April.
High delivery trade
Here are the stocks given in which the largest part of the delivery trade was seen. The large part of delivery reflects the interest of investors (unlike trading) in stock.
Long build-up shown in 30 stocks
Along with the increase in open interest, the rise in prices is also usually estimated to become a long position. Long build-ups were seen in 30 shares on the previous trading day based on Open Interest Future Percentage.
Long Unwinding seen in 73 Stocks
Along with the fall in open interest, the fall in prices is also usually gauged by long disagreement. Based on the Open Interest Future Percentage, 73 shares saw the highest long long long long -liveding.
Short build-ups shown in 57 stocks
Along with the increase in open interest, the decline in prices is also usually gauged by short build-up. Based on the Open Interest Future Percentage, the highest short build-up was seen in 57 shares on the previous trading day.
Short coverings seen in 60 stocks
Short covering is usually estimated by the rise in open interest as well as the rise in prices. Based on the Open Interest Future Percentage, 60 shares saw the highest short cover in 60 shares on the previous trading day.
Call call ratio
The Nifty Put-Call Ratio, which depicted the market mood, fell at 0.94 on May 9, while it was at 1.08 levels in the previous session. Significantly, the departure of PCR above 0.7 or 1 cross PCR is generally considered a sign of boom. Whereas the ratio falling below 0.7 or 0.5 is a sign of recession.
Stock under F&O Bain
The F&O segment includes the restricted securities that include the derivative contract market wide position limit to more than 95 per cent.
Stocks involved in F&O ban: nobody
Stocks already involved in F&O ban: Central Depository Services, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: nobody
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