Nifty - This Week

2022年11月13日

I've marked the zones.

Bullish Bias till this month's expiry - but we don't know anything the path index will take to make a short-term high or ATH. So, if you're a futures player, continue to hold the futures with a SL of 18096.

Friday, the index closed at 18349.7 - and this is just below 18350.6 the high made on 18th Jan. On Monday, watch if this level acts as a resistance on daily time frame

US Mid term results, FTX Crypto Collapse - Not sure it will impact mainstream markets and ours in particular, watch how Nikkei reacts in the morning for clues

Between 18096 and 18600, there are many supply zones, and demand zones right now - Use each of the marked level to book partial/full profit on both sides

This is neither a recommendation nor a prediction - use your judgement. keep a stop loss.

Good luck!

2022年11月14日

注释

1 Hr candle strategically closed at 18351.2

2022年11月14日

注释

2 Hr candle closed at 17345.85 - also in the red zone

Short - stop loss 18387.5

2022年11月14日

注释

Strange Stuff going on

CMP: 18334

18350 CE - 93 (out of money)
18350 PE - 88 (in the money)

2022年11月14日

注释

Is this natural?

or

is someone 'managing' the prices here??

demand supply bs ???

2022年11月14日

注释

Hold your shorts - Nifty to move towards 18300

2022年11月14日

注释

Stupidity Continues..

CMP: 18341

18350 PE - 78 (in the money)
18350 CE - 100 (out of money)

2022年11月14日

注释

CMP: 18350

18350 PE - 70 (At the money)
18350 CE - 109 (At the money)

Will prices never catch up?

2022年11月14日

注释

Closing thoughts:

Marked levels worked beautifully.

18315/18318 level - This is the support for now

I was ranting about the 'management' / 'manipulation' of option prices - i guess we will just have live with it. The prices did finally catch up, but it's unfair

PCR - entered '<1' zone in the day

Large amount of 18300 calls were sold on Friday, as well as today morning - many of them are covered by the EOD

For tomorrow,

if the index
1. opens gap up - consider shorting as the index stays below 18387.5
2. opens gap down - consider going long, as long as the index stays above 18252-18288 zone
3. opens flat - watch and trade. you'll get opportunities on both sides

Remember, that till this month's expiry, index is expected to trend up(bullish bias). So, even if you short, make sure to book profit, and get ready to go long.