Nifty
- Nifty has had a nice pullback from the lows of 17780 odd levels this week
- today it respected 50 day EMA at 18164 odd levels
- Will the pullback continue or will it stop???
Let's look at Futures and Options data
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F&O Data analysis
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Futures Data
- Retail participants booked profits / exited 4.4 K Long Contracts & added 7.67 K Short contracts
- FIIs added merely 580 Long Contracts and exited from 2.80 K Short Contracts
- Pro traders added 5.32 K Long contracts and exited from 1.09 K Short contracts
Call Option
- Retail participants added 5.93 Lakhs Call Long Contracts & added 4.82 Lakh Call Short contracts
- FIIs added 2 K Call Long Contracts and added only 778 Call Short Contracts
- Pro traders added 92.56 K Call Long contracts and added 2.04 Lakh Call Short contracts
Put Option
- Retail participants added 3.85 Lakh Put Long Contracts & added 3.80 Lakh Put Short contracts
- FIIs added 5.43 K Put Long Contracts and added 11.85 K Short Contracts
- Pro traders added 70.15 K Put Long contracts and added 88.14 K Put Short contracts
Put Call ratio is at 1.13 (Neutral zone)
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What we make from the data reading...
Retail traders have been exiting from Long position since last 3 days.
FIIs are in holiday mood ( not trading actively in F&O)
Pro traders have been exiting from short positions in Futures in last 3 days and have added Long position in Futures today. They have used Options to hedge their position.
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Conclusion and important levels for the day
As I am writing, our Dow baba (Dow Jones) is down 300 points, but based on Nifty Chart set up and F&O data, prima facie I'm not expecting a big down fall.
The battle is our space in between Pro traders and retail traders.
My closing figure for Nifty expiry day
On the lower side 18048 / 18033 / 18011
On the upper side 18155 / 18181 / 18233
With tomorrow being expiry day, pls understand Markets are dynamic and data changes every moment. This view can change during market hours and I may or may not be able to update the same. Trading Options on expiry day require more skills, more study and then there is luck that may favor you :-).
Pls do your research and follow risk management. Read the disclaimer carefully.
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Do let me know if you find the analysis and insights helpful.
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Take care & safe trading...!!!
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