18.03.16 / 12:50
Intraday huge support at 7400 and some resistance at 7650. Lot of writing in puts seen even at 7500 level indicating 7500 will also provide support to the market. Off late market is getting hugly manipulated and we are observing reversal of trends in the last one hour.
Long term range now shifting to 7400 - 7700 shows upside bias. But lets wait for todays close to see what is in store for this series expiry.
Next week is a short week with Thursday and Friday being holidays, and we can see build up for expiry trades in next week trading.
16.03.16 / 14:30
7450 for Nifty is very crucial. Having good tussle at this level. Good support at 7400 and resistance at 7500. A move either towards 7500 or towards 7400 , so far is getting nullified.
So any move of +- 50 points from here can be decider for the further direction.
Long term range of 7200-7500 still intact.
16.03.16 / 9:55 a.m
Weak start for the markets . Huge position build up at 7500 and 7600 calls for Nifty whereas on put side position built up is seen at 7200 in the morning initial 45 minutes of trade. So again the range given by data is still 7200 to 7550-7600. This is maintained by market since last many days.
Although the beginning is on a bearish note, still Nifty should hold on to 7400 as of now as it is a good support. Also, for today's trading action so far , put writing on 7400 is higher compared to 7400 call , although the gap is very less.
So 7400 on downside and 7520-7550 on upside seems to be the range as per initial indications.
Better picture will be available at around 11:00 a.m. We will update if some significant difference in data occurs.
15.03.16 / 14:00
Although 7400 is a good support but seeing the data , a touch towards 7430 - 7420 is possible today. And if this move involves change in data, we may see a further downside. As of now, 7500 should act as stiff resistance.
15.03.16 / 10:30 a.m.
Long term range of Nifty as per options data is still holding on to 7200 -7500. These indications given by options data , work well in normal markets , but when markets are facing lots of new flows, then logic goes for six.
If news flow (RBI announcements , BOJ announcements etc) do not disturb the basic structure of market , markets will go as per the data and its possible to properly analyse. But if every now and then , we have some news to follow, the overall stability gets a big hit.
So as of now , as per options data, range of 7200 to 7500 is intact. Only in case there is some action, market will try to touch 7600 on upside and similarly can go towards 7350 on down side. At these points, we will again analyse and read the possible levels.
Intraday , levels of 7550 and 7450 should hold as per current data.
More on Nifty will be posted, in case some data points change during the day.
11.03.16 / 11:55 a.m
Markets are pretty undecided. As per options data, still there is lot of resistance at 7500 although market is trying to break this level. Long term range still intact i.e. 7200 - 7500 for Nifty.
In short term, as per the data there can be a move upto 7600 on intra-day basis. We need to see the actual data at that level to see whether that will be sustainable or not. On downside, 7400 will be providing lot of support and in any case Nifty needs a huge momentum on downside to break 7300, which at this stage seems difficult.
Also, with every passing day , we are moving closer to expiry and hence makes good sense to sell hedged options.
More on Nifty in case we find some data points change during the day.
10.03.16 / 10:50 a.m.
09.03.16 / 11:50 a.m.
Nifty is showing good resistance at 7500 and as of now , long term range of the market seems to be 7200 to 7500. Any significant breakout from 7530 + levels may take the markets to higher levels.
Till then it seems to be within a range only.
On downside, 7200 seems to have created a big support zone at least as of now.
Overall , as per options data , markets should be between 7350 - 7400, but markets are at a slightly higher levels. Lets se , whether data changes or markets come back to these levels.
More updates as and when changes are there.
Intraday huge support at 7400 and some resistance at 7650. Lot of writing in puts seen even at 7500 level indicating 7500 will also provide support to the market. Off late market is getting hugly manipulated and we are observing reversal of trends in the last one hour.
Long term range now shifting to 7400 - 7700 shows upside bias. But lets wait for todays close to see what is in store for this series expiry.
Next week is a short week with Thursday and Friday being holidays, and we can see build up for expiry trades in next week trading.
16.03.16 / 14:30
7450 for Nifty is very crucial. Having good tussle at this level. Good support at 7400 and resistance at 7500. A move either towards 7500 or towards 7400 , so far is getting nullified.
So any move of +- 50 points from here can be decider for the further direction.
Long term range of 7200-7500 still intact.
16.03.16 / 9:55 a.m
Weak start for the markets . Huge position build up at 7500 and 7600 calls for Nifty whereas on put side position built up is seen at 7200 in the morning initial 45 minutes of trade. So again the range given by data is still 7200 to 7550-7600. This is maintained by market since last many days.
Although the beginning is on a bearish note, still Nifty should hold on to 7400 as of now as it is a good support. Also, for today's trading action so far , put writing on 7400 is higher compared to 7400 call , although the gap is very less.
So 7400 on downside and 7520-7550 on upside seems to be the range as per initial indications.
Better picture will be available at around 11:00 a.m. We will update if some significant difference in data occurs.
15.03.16 / 14:00
Although 7400 is a good support but seeing the data , a touch towards 7430 - 7420 is possible today. And if this move involves change in data, we may see a further downside. As of now, 7500 should act as stiff resistance.
15.03.16 / 10:30 a.m.
Long term range of Nifty as per options data is still holding on to 7200 -7500. These indications given by options data , work well in normal markets , but when markets are facing lots of new flows, then logic goes for six.
If news flow (RBI announcements , BOJ announcements etc) do not disturb the basic structure of market , markets will go as per the data and its possible to properly analyse. But if every now and then , we have some news to follow, the overall stability gets a big hit.
So as of now , as per options data, range of 7200 to 7500 is intact. Only in case there is some action, market will try to touch 7600 on upside and similarly can go towards 7350 on down side. At these points, we will again analyse and read the possible levels.
Intraday , levels of 7550 and 7450 should hold as per current data.
More on Nifty will be posted, in case some data points change during the day.
11.03.16 / 11:55 a.m
Markets are pretty undecided. As per options data, still there is lot of resistance at 7500 although market is trying to break this level. Long term range still intact i.e. 7200 - 7500 for Nifty.
In short term, as per the data there can be a move upto 7600 on intra-day basis. We need to see the actual data at that level to see whether that will be sustainable or not. On downside, 7400 will be providing lot of support and in any case Nifty needs a huge momentum on downside to break 7300, which at this stage seems difficult.
Also, with every passing day , we are moving closer to expiry and hence makes good sense to sell hedged options.
More on Nifty in case we find some data points change during the day.
10.03.16 / 10:50 a.m.
As per options data, Nifty still in a range from 7200 to 7500. Yesterday there was an attempt to break 7500 resistance but it again came back today. If we analyse the options data minutely , Nifty should attempt to touch 7350 from where reversal is expected if and only if same data is there. But if options data changes, we need to calculate new levels.
So, 7350 can act as a good support. 7530/7550 is a good resistance. In case there is some news on global front (ECB) , we can see these levels breaking. Otherwise, it should be within this range. So trade accordingly.
More information will be given as and when data points change.
10.03.16 / 11:10 a.m.
Reliance Industries - Very strong resistance at 1040. (stock has almost touched that point and went back). Good support as of now at 1000. But once the dividend (if any) news is played out, stock can show move upto 960.
Please note, all this information is based on analyses of options data of scrip.
10.03.16 / 11:10 a.m.
Reliance Industries - Very strong resistance at 1040. (stock has almost touched that point and went back). Good support as of now at 1000. But once the dividend (if any) news is played out, stock can show move upto 960.
Please note, all this information is based on analyses of options data of scrip.
Nifty is showing good resistance at 7500 and as of now , long term range of the market seems to be 7200 to 7500. Any significant breakout from 7530 + levels may take the markets to higher levels.
Till then it seems to be within a range only.
On downside, 7200 seems to have created a big support zone at least as of now.
Overall , as per options data , markets should be between 7350 - 7400, but markets are at a slightly higher levels. Lets se , whether data changes or markets come back to these levels.
More updates as and when changes are there.
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