TradePik by Replete Equities

2021-03-22 07:50:26 Intraday Market Outlook

Benchmark index is likely to trade rangebound with support at 14650 - 14550 and resistance at 14850 - 14950 level

Banking index is likely to trade range bound with support at 33700 -33400
and resistance at 34500-34800 level

COFORGE has closed with positive candlestick formation and it is likely to continue upside momentum today as well Open / Comment

2021-03-21 19:35:16 Replete Equities pinned a photo Open / Comment

2021-03-20 14:06:02 Free Demat Holi Offer with 30 Days Autotrender trial

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2021-03-19 11:38:33 Nifty & Bank Nifty weekly Option strategy for 25th Mar 2021

https://www.repleteequities.com/bank-nifty-weekly-option-strategy-25mar/ Open / Comment

2021-03-19 07:06:33 Derivatives data – Brief commentary (18 Mar 21)
• For Weekly/Monthly expiry (25 Mar), max OI addition was seen at 16000 call and 14200 put. Max OI is at 16000 call and 14500 put.
• Cumulative Nifty PCR stands at 1.12 (18 Mar) Vs 0.87 (17 Mar)

*Overall FII derivatives data is mild positive for Thursday (18 Mar 21)**
• In Index futures, there was addition on long side and unwinding on the short side resulting in net long exposure going up at 58.0% (18 Mar) Vs 57.1% (17 Mar)
• In Index options, there was net unwinding due to weekly options expiry. Open / Comment

2021-03-19 07:06:06 Intraday Market Outlook

 Benchmark index is likely to trade with negative bias today with support at 14450 - 14350 and resistance at 14650 - 14750 level

 Banking index is likely to trade with negative bias; it has support at 33500 -33000 and resistance at 34200-34500 level

 BAJAJAUTO has reached till its important support level of 100 EMA and it is likely to bounce back from current level Open / Comment

2021-03-17 07:13:37 Derivatives data – Brief commentary (16 Mar 21)
• For Weekly expiry (18 Mar), max OI addition was seen at 15700 call and 14900 put. Max OI is at 16000 call and 14500 put.
• For Monthly expiry (25 Mar), max OI addition was seen at 15000 call and 14800 put. Max OI is at 16000 call and 14500 put.
• Cumulative Nifty PCR stands at 0.92 (16 Mar) Vs 0.93 (15 Mar)

Overall FII derivatives data is positive for Tuesday (16 Mar 21)
• In Index futures, there was addition on long side and unwinding on the short side resulting in net long exposure going up at 57.4% (16 Mar) Vs 56.6% (15 Mar)
• In Index options, there was net addition in call options - long side and put options - short side. Open / Comment

2021-03-17 07:13:25 Intraday Market Outlook

Benchmark index is likely to trade range bound with support at 14800 - 14700 and resistance at 15000 - 15100 level

Banking index is likely to trade range bound with support at 34400-34000 and resistance at 35200-35500 level

HINDUNILVR has closed with Bullish candlestick formation above 21 EMA with volume support; it is likely to continue its upside momentum today as well Open / Comment

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2021-03-16 07:53:04 After a sharp decline in #Banknifty yesterday, we saw a good recovery from the important support level i.e. 34500.

Now #Banknifty is in a sideways trend and a breakdown from 34500 will lead to lower levels at 33500 & 32700.

So I suggest you should trade with sideways strategies until #banknifty is holing 33500 & 32700.

IV is high, so it's more important then you should trade with limited risk strategies only.

Protect your capital and let the market do its work. Open / Comment