- Indices managed to close positively after the huge sell off from the previous session.
- FIIs still taking out money on a consistent basis, today net sold 2400 crs
- FII long exposure increased to 1% in Index Futures and Options. now 37% longs and 63% shorts were present in the index future and options.
- Daily CPR narrowed compared to previous day CPR, but the pivot levels did not change much , which means sentiment is still did not change (bearish).
- Max pain is around 29300 level, this is down from previous session levels 29500. indicates that bearish sentiment.
- However today's closing price is above the level of daily pivot which is bullish.
- US and all global markets are positive because of stimulus hopes from the respective central bank.
- we have to see how today's US market closes.
- this is a sell on rise rally, every pull back can be sold into until we cross above 30000 levels, only then we can think of bull market.
- Key support and resistance levels did not change much since previous day.
- Key Support level is today's low which is 28750 then to 28550 , and 28380 level which is weekly 100 MA, if this breaks then we are going down to 28000 levels.
- Upside 29440, 29650 and then 30000 are the key things to watch-out for.
Disclaimer: I am not a SEBI register advisior, The above trade setup is purely based on my own study and analysis. i am not giving suggestions to buy / sell specific options. please consult your financial advisors / do the due diligence before taking any trade.
- Last hour panic selling caused all indices closed Negatively.
- Bank Nifty reversed exactly from weekly pivot.
- FIIs were net seller, sold almost 1350 crs in cash market.
- as mentioned in previous blog, 28500 to 28300 is strong support zone, it took support near 28500 level and almost 350 points recovered in the last few minutes.
- This panic selling is due to cases reported in India, even global futures were trading positively our indices fell.
- Bank Nifty down almost 1200 points from intra day high.
- Daily Pivot made lower low formation and price closed below Pivot which is bearish sentiment.
- CPR widened significantly, which means tomorrow could be sideways movement, but morning hour expecting that market will be highly volatile.
- Vix crashed to -8% and shoot up almost 9% on closing basis.
- All deep OTM puts are high due to this heavy selling.
- Now DOW trading mixed and today's closing will decide our opening tomorrow.
- Key Support level is today's low which is 28570 then to 28380 level which is weekly 100 MA, if this breaks then we are going down to 28000 levels.
- Upside 29000 level, 29200 and then 29440 are the key things to watch-out for.
- FII long to short net exposure is at 36% to 64%, this is surprising compare to previous day numbers. net shorts in index future down by 31300 this is surprising. is there some news which we dont know but they know? could this be the bottom? only time will tell.
Disclaimer: I am not a SEBI register advisior, The above trade setup is purely based on my own study and analysis. i am not giving suggestions to buy / sell specific options. please consult your financial advisors / do the due diligence before taking any trade.
- It was no brainier on Friday, every pull back is sold into.
- Indices managed to close in Negative.
- Surprisingly Dow futures recovered 1000 points and closed positively on Friday.
- Monthly, Weekly, Daily Pivot is formed lower low formation which is bearish sentiment.
- Huge short were added that brings Max Pain to 29500 level.
- FII were net short holding Long to short positions 32% vs 68% respectively in index futures and Options.
- Closing price is below Daily pivot which is bearish sentiment.
- All depends on how market will open on Monday.
- CPR width widened, which imply there could be side way movement for short term.
- Based on volatility all put premium shoot up significantly.
- VIX up 30% on Friday.
- Key Support and resistance to watch out for 28500 to 28300 area should be strong support down side, upside 30000 which is weekly 50 moving avg.
- only if there is some good news about virus remedy could lift the market (short covering), until then it would be sell on rise rally.
- as OTM Call and Put option premiums are high good for short sellers to collect the premium.
Disclaimer: I am not a SEBI register advisior, The above trade setup is purely based on my own study and analysis. i am not giving suggestions to buy / sell specific options. please consult your financial advisors / do the due diligence before taking any trade.
