Nifty
Retail traders had a bet neutral addition in Index Futures and in Options had a net positive bias
FIIs added more on the Short side in Index Futures and in Options had a net negative bias
Proprietary traders added Long in Index Futures but have hedged it using Options
Before taking any trade decision today Important pointers
PCR is at 0.72
Since PCR is in oversold region Fresh shorts might be risky and should be done near resistance levels.
Watch out for 17096 odd levels in Nifty futures. That would decide whether we see short covering rally or whether bounce fizzles out
Majority of Weekly Call Option buyers of yesterday are trapped now and might require a Nifty close above 17280 by 13 Oct
So understand the psychology of traders and take decision wisely
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be