July 11/25

Global
  • Dow ended red -360 points
  • Markets world over are flat.
  • SGX is in red with -40 odd points.
Option chain
  • Max pain at 10800. Total premium is 256.55. So, the range becomes 10556.9 to 11070, calculated on current closing of 10813.45
  • PCR is 1.17 - indicating good support made on lower strikes.

  • Max pain for Nifty Bank is 22800. Total premium 893.15. So the range is 21906.85 to 23693.15, calculated based on 22800 strike.
  • Nifty Bank closing is at 22907. So, we can also assume a shift of 107 points up in the range.
FnO Data
  • No new options' positions.
  • FIIs have gone all-in for the futures long and the number is quite decent with 15k.

Charts & technicals
  • On the daily timeframe, yesterday was an inside bar candle formation. i.e. we played the whole day within the previous day's range.
  • The inside bar can be followed up by a big move. So, need to watch out for that.
  • Nifty 200 DMA at 10885.
Plan for today
  • I've decided to not trade today. So, let's see if I'm able to do that.
  • Anyway, from the plan standpoint - there are 2 ways to it.
  • 1) Short/Long based on the range breakout from yesterday.
  • 2) Go long in the dip towards 10700.

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July 2/25

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July 6/25

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