Super Performance Trading & Wealth Creation
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Some observations on volatility created by the BIG BOY CLUB:πŸ‘€πŸ‘€

πŸ‘‰πŸ»Nifty average trading range(daily volatility) at 17500 in Sep'2021 was around 140-150 points,now at 17300 its 275-300 points

πŸ‘‰πŸ»Bank Nifty average trading range(daily volatility) at 37500 in Sep'2021 was around 500-600 points,now at 37500 its 750-850 points

They are hunting stoploss of both bulls and bears with this huge volatility as there has been a surge in option sellers in last 1-2 years,retail have tried to enter their arena.So they are making sure they hurt retail option sellers
As per live chart data after first half hourπŸ‘‰πŸ»
Previous week's low and previous month's low respected by Nifty.Bank Nifty also previous week's low respectedπŸ‘€πŸ‘€
As per live data at 10 amπŸ‘‰πŸ»
Nifty cmp 16940
Resistance 17070-17150

Bank Nifty cmp 37125
Resistance 37460-37675

Bears upper hand till price sustains below these levels,bulls can keep these levels in radar too

Extra fno internal data
IV expansion in call side by 3% and put side by 6% indicating covering by put option sellers in fear and some call buyers also visible
Bulls not giving up:
17000pe OI 63 lacs yesterday's closing.Today dipped to 46 lacs at 10.23 am.Now back to 65 lacs at 12.10 pm.Tremendous resilience by bulls

Till 17000pe remains below 190 all ok for today,cmp 169
#Data Patterns cmp 597 has now corrected from recent listing price 860,now near IPO price of 585.Looks good to add on dips for those who missed application or didn't get allocationπŸ‘€πŸ‘€
Bosch is near medium term support area.Investors who love MNC pedigree can keep an eye.Support 15750-15100
ITC once again near support levels where risk reward starts getting attractive to add in portfolio.Support 209-203
As per live data at 12.25 pmπŸ‘‰πŸ»
Nifty cmp 17175
Support 17115-17050
Resistance 17290-17320

Bank Nifty cmp 37625
Support 37475-37377
Resistance 37830-38010
As per live data at 10.45 amπŸ‘‰πŸ»
Nifty cmp 16575
Resistance 16725-16810

Bank Nifty cmp 36210
Resistance 36545-36860

Bears upper hand till price sustains below 17000/37000 levels,traders can use resistance levels to play short side on any bounce with small stop.Selling after 500 points gap down is difficult.So either use bounce or avoid trading for the day

Extra fno internal data
March 16500pe has highest OI buildup 47 lacs,with further addition of 1.75 lacs today.So this level becomes important on weekly closing basis
Super Performance Trading & Wealth Creation
Don’t buy because of FOMO Don’t sell because of panic #SochKarSamajhKarInvestKar
πŸ‘†πŸ»πŸ‘†πŸ»Last time alerted was on 20th Dec at 16400 bottom from where we saw big rally to 18350.Now tomorrow 25th Feb is a time cycle date.Don't be sad or hurry.Traders wait for market signals for good things to come
GOOD TIME TO START BUILDING PORTFOLIOπŸš€πŸš€πŸš€πŸš€
Tailor made way as per risk profile.Fees applicable

Those interested can contact @KaranTradingMonk