منشورات Money Champs-BNIFTY NIFTY على Telegram

BankNifty Outlook for 17th Oct’23:

- Long : Short Ratio is at
- VIX at 11.07
- FIIs outlook is rangebound to positive for indices & slightly negative for F&O stocks

- BNF witnessed unwinding of OI to the tune of 1.4% + its PCR_OI at 0.83 indicating an indecisive outlook

- Aggressive OI additions seen in 44000 PE to the tune of 0.58 L contracts & total OI now of 1.60 L contracts which is the highest on PE side indicating support

- On the CE side, aggressive OI added in 44200/44300 with each more than 0.60 L contracts indicating minor resistances

- Highest OI on the CE side is at 44500 CE with 1.78 L contracts

- Immediate resistance is in the band of 44500 - 44700 followed by series’ crucial resistance of 45000/100

- Support is at 44000/43900 band

- All spot levels

🎯 *View:* Wait for the immediate crucial resistance band of 44500/44700 to break to initiate any intraday longs up to 45000/100; Support is at 44000

▶️ *Actionable:* Buy above 44750 spot for TGT of 45000/100 & (that time) keeping a SL of 44400 (spot levels)

Pure Hero Zero


Buy midcpnifty 9200 Pe cmp 18-23

Target double triple

Full advance level provided in Advance 🔥🔥

38 to 48 🚀

lot size 200

2000 rs gained in just 2 minutes ✅

🚀Book or Trail 👍

Asianpaint 3100 pe
Above 32
Tgt 39-47++
Sl near buying price

*NIFTY Outlook & Actionable 16Oct’23*

*NIFTY: 19751.05 (-43 Pts.)*

👉🏼India VIX: 10.62%

👉🏼FII Long/Short Ratio at 27:73

👉🏼Nifty Futures witnessed long unwinding to the tune of 4%

👉🏼Adv: Decline ratio more or less neutral at 23:27

👉🏼Nifty specific FII Activity noted selling in futures (276 Crs.) & selling in options (3054 Crs.) indicating mildly positive outlook

👉🏼Highest OI at 19800/ 19900 CE (1.26 Lac/1.07 Lac contracts) and 19700/ 19600 PE (1.29 Lac/ 1.01 Lac contracts) indicating a narrow trading range.

👉🏼OIPCR for 19Oct expiry at 1.02

🍁 *NIFTY View* : A squeezed trading range for Nifty as per the options OI data indicate that consolidation & time correction within a narrow range is likely to continue for a couple of days more.

-- On the upside 19850 remains to be the crucial resistance. Only on a close above this resistance, upsides of 20050/ 20100 will be seen on Nifty.

-- On the downside, support stands at 19600.

-- Derivative parameters hint at an underlying positive undertone though time correction may extend for a while. Buy on dips strategy to be used for Index trading. In case of a sideways price move, focus more on stock specific activity.

▶️ *Actionable* : For the week, Buy on dips strategy has worked brilliantly on Fri giving us an intraday gain of 170 points. Continue with the same strategy with levels mentioned below

🟢 Buy on dips at 19610-19640

Target: 19950/ 20100  SL: 19500

Watxh Banknifty 44500 CE
330-350

SL 280

Target 400-444-500++

Watch GAIL For positional

Big Breakout on charts

Natural Gas prices can potentially double in the next 3 months. Positive if government raises prices.

Short-term Delivery Target of 170

INTRADAY CALL- BUY BANKNIFTY 18 OCT 44900 CE BETWEEN 150 -167 SL 115 TGT 220-256-300++×

Hit 400🚀🚀👍

As suggested market took support