- FII’s sold 25.6 K contract of Index Future worth 1473 cores ,23.5 K Long contract were liquidated by FII’s and 2 K short contracts were added by FII’s. Net Open Interest decreased by 21.5 K contract, so fall in Nifty market was used by FII’s to exit long and enter shorts in Index futures.Do you want to be “Perfect” in Trading
- Support is near 7546-7519 range and resistance around 7582/7684 so market can swing in both the levels for sometime before making the next major move.Weekly closing tomorrow Bulls will try to close above 7582 and bears below 7500 Bank Nifty stuck in gann arc,EOD Analysis
- Nifty April Future Open Interest Volume is at 1.70 core with liquidation of 0.60 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @7740, broken it.
- Total Future & Option trading volume was at 2.22 Lakh core with total contract traded at 1.8 lakh , PCR @0.91 also no increase in vix was seen in this fall, Trader’s Resolutions for the New Financial Year 2016-17
- 8000 CE is having Highest OI at 83.8 lakh, resistance at 8000 .7500/8000 CE added 17.7 lakh so bears continue to pound on bulls added in range of 7700/7800 .FII sold 614 CE longs and 11.6 K CE were shorted by them .Retail bought 56.7 K CE contracts and 11.8 K CE were shorted by them.
- 7500 PE OI@51.5 lakhs having the highest OI strong support at 7500. 7000-7600 PE liquidated 3 Lakh in OI so strong base near 7500will be tested tomorrow to see the strength of bulls .FII bought 6.5 K PE longs and 2.9 K PE were shorted by them .Retail sold 12.9 K PE contracts and 5.1 K PE were shorted by them.
- FII’s sold 294 cores in Equity and DII’s sold 16 cores in cash segment.INR closed at 66.46
- Nifty Futures Trend Deciding level is 7591 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7701 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7572 Tgt 7606,7640 and 7665 (Nifty Spot Levels)
Sell below 7535 Tgt 7512,7480 and 7420 (Nifty Spot Levels)
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Dear Brameshji ,Is there any formula to calculate the percentage change in option premiums on different strike prices of a derivative contract on percentage change in underlying or on the price of the futures contract?.Could u please advise on any website which could help find a chart to help compare nifty and a stock on percentage change on a daily basis rather than the prices?
Dear Sir,
You can develop and excel based on requirement. I never came across such site.
Rgds,
Bramesh
Sirji ,
Following are my doubts :
1) ” 7500/8000 CE added 17.7 lakh ” whats the meaning of this ? Few ppl wrote 7500 CE call options and few wrote 8000 CE call options ?
2) ” FII’s sold 294 cores in Equity and DII’s sold 16 cores in cash segment ” Is equity and Cash different ?
With regards 8200 call 3 rs writing , Its not really free , Its has huge risk which can wipe you out (in case of black swan event), better you put the margin money in 1 month FD , u will earn more , risk free.
As usual Sirji Keep on posting your super articles 🙂
Sir..please include an article how premium amount changes in option trading in nifty when we are moving toward expiry.
Thanks
sure will write an article
No sir
nifty buy
Dear Bramesh Ji, in last 2 days 12 lakh added in 8200 call at price of around 3 rupees. is it normal, generally 3 rupees are very less for option writing at beginning of series. Thanks
It’s free money