EquityCompound2

29th Mar' 2022 (Evening)  --  | Written at 10.00 PM | 1. FII were net Buyers for 35 Cr today, while DII were buyers for 1713 Cr. A net buying of 1748 Cr from the institutional side. 2. FII's created 8007 longs and created 202 shorts on the index futures 3. On the option front FII  created 9974 short calls and   created 12467 short puts. They also created 38947 long calls and  created 24215 long Puts. 4. For next week expiry, Nifty has the highest OI for PE at 17000 followed by 17200 and highest OI for CE is at 18000 followed by 17500. Highest Put writing was seen at 17300 and highest call writing was seen at 17800 levels. 5. For the next week expiry, Bank Nifty has the highest OI for PE at 35500 followed by 35000 and highest OI for CE is at 36000 followed by 38000. Highest Put writing was seen at 36000 and highest call writing was seen at 36000 levels.  6. Asian markets closed mostly in green and Europe trading in green 7. US markets trading in green a...

25th Mar' 2022 (Evening)   -- | Written at 9.00 PM on 27th Mar' 202  | Indices on Friday consolidated in a range, though with a negative bias. The indices saw some recovery in the last one and a half hour of trading. On a daily chart they still closed lower and made a bearish candle. So both Nifty and Bank Nifty may face some pressure on the higher end of the trading range on Friday. This translates into 17200 for Nifty and 35600 for Bank Nifty. However, 17300 and 36000 would proves to be strong resistance for the indices to breach.  For both the indices to continue their northward journey, it is extremely important  to take down 17500 on Nifty and 36850 for Bank Nifty. The next levels to watch are 17500, 17650, 17800, 18350 on Nifty and 36850, 37600, 38050, 38500 and then 39200 for Bank Nifty. The short term trend seems to be positive and this trend may continue if the resistance mentioned above are taken down. Levels : This being the last week of the Mar serie...

23rd Mar' 2022 (Evening)  --  | Written at 11.00 PM | Following a strong global handover and strong cues coming in, the indices opened gap up. However, after a small gain, the selling started, pushing the indices to close at the lower end of the day. Nifty closed 70 points lower and Bank Nifty closed 200 point lower. The trading range of the day was 243 and 763 point respectively for Nifty and Bank Nifty respectively. Nifty and Bank Nifty both made bearish candles on the daily chart and seem poised to retest yesterdays lows. A breach of yesterdays lows could pull the market further down.  Lets look at the levels below : On the options side, there was heavy call writing today and the call writers have positioned themselves from 17500 and 36500 onwards on Nifty and Bank Nifty respectively. Also the support seem to be at 16700 and 36000. The wide range could be an indication of volatility and a wide trading range in tomorrow's expiry. So, if one is an expiry trader, he has t...

22nd Mar' 2022 (Evening)  --  | Written at 11.00 PM | Indices today gave a surprise in the second half. As mentioned yesterday, after some profit booking in the first half, a sudden buying came in the second half and gave the indices a solid boost.  Both Nifty and Bank Nifty covered all there initial losses and ended up approx 1% higher. Nifty made a gain of 198 points and Bank Nifty made a gain of 330 points before closing. The trading range today was wider than yesterday, with Nifty trading in a range of 328 points and Bank Nifty trading in a range of 1084 points. The sharp rally today has placed both the indices very close to its resistance and a gap up opening tomorrow could position above this level. For Nifty this level was 17350 and for Bank Nifty this level is 36475. Now important is to watch how the first hour trades tomorrow. If the opening and trade above the first resistance mentioned above is sustained, then the nest targets would be 17800 on Nifty and 37700 ...

21st Mar' 2022 (Evening)  --  |  Written at 10.30 PM  |  First of all, apologize for not being able to post updates from some time. Was bogged down with multiple issues, hence could not spend quality time on the markets. Would try to be regular going forward. Since, i am doing an analysis after a gap. Would keep it brief and get to depth in a day or two. Generally speaking the Indices have been roaring from past two weeks. After the low made on 8th Mar, Indices have not looked back. Bulls had a great time, trapping a good amount of bears in the market. Lets look at the levels below : After a stellar rise for two weeks, both Nifty and Bank Nifty made bearish engulfing candles today. I suspect, some profit booking and consolidation is on the cards from here. Important levels to watch are 16825 and 35900 for Nifty and Bank Nifty respectively. A Breach of these levels could pull the Indices down to 16550 and 34700 respectively.  I feel the sharp rise seen latel...

28th Feb' 2022 (Evening)  -- | Written on 1st Mar' 2022 at 9.45 PM | Ok, so i have been talking about the risk of Russia Ukraine for some time. In fact I closed all my positions and was on the fence. On Thu also, I mentioned that the market is highly volatile and expiry trades are risky.  Since the fall on Thu, markets have been on a roller coaster ride. Thu the Indices lost 816 points on Nifty and 2164 points on Bank Nifty. Almost 50% of this was recovered on Fri and then on Mon again the Indices gave wild swings. The trading range for Nifty was 459 points on Monday, It actually made a decent recovery of 437 points from the day lows, closing the index well in green. Bank Nifty on the other hand closed in red. I feel that, following the news coming in, the markets would continue to be volatile. In these volatile and uncertain days, the technical levels carry no meaning and any trends are likely to make wild reversals. These markets are extremely difficult to trade.  Moreo...