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Bank Nifty Levels & Option Data for 12/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 09/DEC/2022 BANK NIFTY IS UP BY 37 POINTS Name Price Previous Day Change % Change Bank Nifty 43633 43597 36.60 0.08% India VIX 13.48 13.40 0.08 0.60% OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA Max OI (Calls) 44000 (Open Interest: 2219650, CE LTP: 88.65) Max OI (Puts) 43500 (Open Interest: 1850050, PE LTP: 181) PCR 0.91 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Inflation not going to slow down for the US until 2028In the short term - like today! 8:30 EST 13 Oct 2022 If the CPI (measures inflation) comes out at above 8.2% this could lead to a market crash as the Fed would likely raise interest rates by another 100 bps on 2 November to curb inflation. If the CPI comes out below 8.2 this could spark a market rally as they will believe inflation is starting to cool down. In the long term. Price broke out of the W Formation and is showing major upside to come for Inflation. This could go on until 2028... If this happens, there is a potential Depression that could kick in world wide. This depression would then last for another 10 - 20 years (if they can get it under control). We need a government and quantitative reset... Sorry for the doom and gloom but it's not looking good technically.
ECONOMICS:USIRYYLong
by Timonrosso
SPY Fractal: will SPY re-capture 390 after a hammer & engulfing?Pessimism is all over with analyst calling for recession & another 20% drop from 390. SPY already made an impressive recovery from June Low even touching ma200 line but then falls back to the 390 zone after high inflation data. Further rally was again delayed by FDX declaring recession & slashing guidance. Adobe also contributed to the pessimism after investors didn’t like its over-priced purchase of a competitor. POSITIVE VIEW: UPS’s announcement did not quite agree with FDX so maybe FDX is just losing its logistics business to UPS & AMZN. Market may have over-reacted. If after today, FED raises by 75 basis points which was already priced in, SPY may continue to bounce especially now that it already made a hammer & a bullish engulfing candle in the last 2 days. Maybe SPY will initially tank to make a bigger bulltrap before rising above 390 again. This will confirm the ongoing bullish divergences & a rally may follow soon. SPY now at the crossroad of my dotted 0.786 Fib Channel line & the pandemic trendline. Also, price action is somewhat similar to the fractal in the chart which ends bullish. NEGATIVE SIDE: End of September is historically bearish before a rally in the 4Q. BUT this time it may be different. Not trading advice
AMEX:SPYLong
by xtremerider8
2
XRP BREAKOUT TO THE BEARS!The price has officially broken out the consolidation range to the bears. The target point for a reversal is still at at $0.28 however there is a few levels of support before the price reaches this point, these support levels were sourced from the fib retracement of the current wedge formation. The price has bounced off the golden ratio, (62.8% fib) so the price should sit around this area for a bit before breaking lower, ($0.334-$0.330). The RSI is also pushing oversold on the 4 hour chart. This is a good indicator as a recovery is in sights. It can be argued that the reason for the price dump along the whole crypto space is based on the current talks about a interest rate hike by the FED which on top of the previous hike, results in a sell off of traditional stocks and assets as we have seen today. Feel free to comment your opinion on the matter.
BITFINEX:XRPUSDShort
by Crisp_Flow
Range break out ! What you need to know?Hello traders 👋! I already shared an idea 💡that btc will be ranging this week-end from 39,370$ to 39,930$ 💵 (see the chart bellow) but the real question is WHEN RALLY and WHERE ? I think the first movements we that will be seeing is at the Asian trading session 🐉 begining, In this session we will be seeing a fakeout or a stop loss hunt to the opposing side than a rally to the main trend direction. Put simply, if the market makers wants the prices to go down, they will do a fakeout to the top hiting the short SL by making a new high than heading to the bottom. or heading to the bottom Hitting the long SL than going back to the top ! This is known as "LIQUIDITY GRAB" This pattern is exclusive for post week-end trading ! ______________________________________________ So, where are we heading ? DOWN ! WE"RE GOING DOWN ! 📉 Why ? THE FED. The federal reserve declarations latetly has been causing the markets to rush into fear 😱 specially the declarations about selling their risky assets and rising interest rates to fight inflation caused by the distribution chain & the Russian war. Therefore, we will be seeing more downtrend in correlation with the S&P500 index, since lately BTC has been correlated 70% with the NASDAQ & more than that with the S&P. If you found this idea insightfull please hit the like button and share with me your opinion down in the comment.
by Pleased_Owl
1