TradePik by Replete Equities

2021-02-01 07:43:34 The market will be highly volatile due to budget sessions. So avoid trading if you are not comfortable with very high risk.

Trade with proper risk management and do not over trade. Open / Comment

2021-02-01 06:53:09 Daily Report :

Benchmark index is likely to trade with heightened volatility due to Budget with support at 13400-13200 and resistance at 14000-14250 level.

Banking index is likely to trade with heightened volatility with support at 29300-29800 and resistance at 31300-31800 level.

SUNPHARMA has closed with Positive candlestick formation and volume support. It is likely to continue its upside momentum today as well. Open / Comment

2021-02-01 06:20:03 Derivatives data – Brief commentary (29 Jan 21)
• For Weekly expiry (04 Feb), max OI addition was seen at 15000 call and 13800 put. Max OI is at 16000 call and 13800 put.
• For Monthly expiry (25 Feb), max OI addition was seen at 15000 call and 13100 put. Max OI is at 15000 call and 14000 put.
• Cumulative Nifty PCR stands at 0.98 (29 Jan) Vs 1.34 (28 Jan)

Overall FII derivatives data is neutral for Friday (29 Jan 21)
• In Index futures, there was net unwinding resulting in net long exposure going up at 62.6% (29 Jan) Vs 61.9% (28 Jan).
• In Index options, there was net addition in call options - long side and put options - long side. Open / Comment

2021-02-01 05:34:06 Good morning guys!

I hope you have enjoyed your weekend.

Ready for budget session??

What precautions you will take today? reply in comments. Open / Comment

2021-01-30 19:32:11 How To Trade Options? 2 Best Options Strategies For Beginners
https://www.repleteequities.com/how-to-trade-options/ Open / Comment

2021-01-29 10:54:47 Weekly Market Update with weekly options strategies for 04th Feb Exp

https://www.repleteequities.com/weekly-market-update-04feb/ Open / Comment

2021-01-29 05:15:53 Rollover data indicates – Short rollover to Feb series and indicates caution before the budget on 1Feb
We are seeing lower buying interest in Feb series as carried over positions are 10% less in index and 20% less in index options compared to previous month. Bigger hands have carried more short position compared to previous two months. They have reduced buy position and did lower rollover to Feb indicating low buyers interest. Nifty top 10 stocks have also seen short rollover and delivery based selling in last 5 day of expiry
Conclusion- Caution before the outcome on Budget on 1st Feb Open / Comment

2021-01-28 13:49:56 today data is sideways- not one way down or up - so avoid naked options You can initiate below butterfly today. Buy 13900 puts one lot Sell 13800 puts-2 lots and Buy 13700 puts one lot Open / Comment

2021-01-28 07:37:58 today data is sideways- not one way down or up - so avoid naked options

You can initiate below butterfly today.

Buy 13900 puts one lot
Sell 13800 puts-2 lots
and Buy 13700 puts one lot Open / Comment

2021-01-28 06:54:27 Open / Comment