TradePik by Replete Equities

2021-03-16 07:44:46 After a negative opening, we saw a sharp decline in #Nifty yesterday. Later we saw some recovery from its important support level.

As I have shared in the weekly post, 14800 is acting as a strong support level, a breakdown will only lead to lower levels.

#Nifty is making higher lower that indicates that trend is still bullish. Although data is indicating a negative intraday trend. So a short term short trade is not advisable here.

If we get a breakdown from 14300, then only I will suggest initiating a short trade in nifty. Open / Comment

2021-03-16 06:51:11 Derivatives data – Brief commentary (15 Mar 21)
• For Weekly expiry (18 Mar), max OI addition was seen at 14800 call and 14800 put. Max OI is at 16000 call and 14500 put.
• For Monthly expiry (25 Mar), max OI addition was seen at 14900 call and 14500 put. Max OI is at 16000 call and 14000 put.
• Cumulative Nifty PCR stands at 0.93 (15 Mar) Vs 1.02 (12 Mar)

Overall FII derivatives data is negative for Monday (15 Mar 21)
• In Index futures, there was unwinding on the long side and addition on the short side resulting in net long exposure going down at 56.6% (15 Mar) Vs 58.6% (12 Mar)
• In Index options, there was net addition in call options - long side and put options - long side. Open / Comment

2021-03-16 06:50:40 Intraday Market Outlook

#Nifty is likely to trade range bound with support at 14850 - 14750 and resistance at 15050 - 15150 level

#BankNifty is likely to trade range bound with support at 34800-34500 and resistance at 35600-35900 level

#TECHM 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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2021-03-15 06:46:53 Derivatives data – Brief commentary (12 Mar 21)
• For Weekly expiry (18 Mar), max OI addition was seen at 15300 call and 15300 put. Max OI is at 16000 call and 15000 put.
• For Monthly expiry (25 Mar), max OI addition was seen at 15400 call and 15300 put. Max OI is at 16000 call and 14000 put.
• Cumulative Nifty PCR stands at 1.02 (12 Mar) Vs 1.39 (10 Mar)

Overall FII derivatives data is negative for Friday (12 Mar 21)
• In Index futures, there was unwinding on the long side and addition on the short side resulting in net long exposure going down at 58.6% (12 Mar) Vs 60.8% (10 Mar)
• In Index options, there was net addition in call options - short side and put options - long side. Open / Comment

2021-03-15 06:46:17 Intraday Market Outlook.

Benchmark index is likely to trade range bound with support at 15000 - 14900 and resistance at 15200 - 15300 level

Banking index is likely to trade range bound with support at 35100-34800 and resistance at 35900-36200 level

TATAPOWER 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

2021-03-14 16:54:43 Learn Option Strategies with Sachin Sival -
https://www.repleteequities.com/learn-option-strategies/ Open / Comment

2021-03-14 16:54:14 [Latest] Best Intraday Strategy for Bank Nifty Futures in 2021
https://www.repleteequities.com/bank-nifty-future-best-intraday-strategy/ Open / Comment