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Only Α- Sniper Shot 3: Myfno

The document provides a technical analysis of L&T FH and Grasim futures and options data. It notes that both stocks are trading near long-term support levels and have seen a rise in short positions and put options open interest. If the support levels of Rs. 79 for L&T FH and Rs. 640 for Grasim are broken, it predicts big downside potential for both stocks. The analysis recommends short positions below Rs. 78 for L&T FH and watching Rs. 640 level for Grasim, as breaks below could present shorting opportunities.

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Phani Krishna
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325 views

Only Α- Sniper Shot 3: Myfno

The document provides a technical analysis of L&T FH and Grasim futures and options data. It notes that both stocks are trading near long-term support levels and have seen a rise in short positions and put options open interest. If the support levels of Rs. 79 for L&T FH and Rs. 640 for Grasim are broken, it predicts big downside potential for both stocks. The analysis recommends short positions below Rs. 78 for L&T FH and watching Rs. 640 level for Grasim, as breaks below could present shorting opportunities.

Uploaded by

Phani Krishna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ONLY α– Sniper Shot 3

Breakout Tech Taandav

FnO Action Analysis (data source MyFnO software): -

Post big bang announcement by our FM on Friday, unprecedented (until recently) move came in Indices and most of the FnO
scrips. All were led by massive Short-Covering in the system. However, for most of the scrips follow up buying didn’t came and
even if they came for few names depth was pretty low. Hence, all are retracing back to their previous levels.

Small and midcaps again started falling like earlier. Seems, market may take some more time to completely revive the mood and
go frenzy.

Many names already broken, or on the verge of breaking their long term supports on weekly and daily charts. LICHF, L&FH,
Grasim are amongst few. Below key levels all these names can fall and have potential to give quick bucks or scalping
opportunities. Levels are very important so please take special note on those. If levels do not break, a sharp bounce back may
also come.

Complete tech view of L&TFH and GRASIM

PS: All option data OI are in no of Lots.

Disclaimer:- This is not an investment recommendation. I am not a SEBI registered Investment Advisors. The
content published here is for educational purpose only and taken from publicly available sources.
Please consult your financial advisors before acting upon anything basis on this report.
A) L&T FH: Cmp 80.6 m, direction ↓

FnO Data:

a. 6 Months Futures- Price going down continuosly without any respite with incremental cummulative OI on each passing series
and with strong rollovers. As of now OI in system is at 1.5 yr highest levels. Scrip is trading near to its multibottom supirt range
of 80-79. Below 79 Rs, moderate IVs can jumpbig time and we may see big downside here. PCR too are lying low.
b. 5D and 1D Oct Futures- Price, OI, Volume and PCR data suggests: Price gone down from 92 odd to 81 with high fresh shorts
(Increase in outstanding Future OI), may be longs have exited too. PCR fell from 0.75>> 0.51(OTM and ATM calls were
aggressively written off). IVs too came down, suggesting trend is pretty obvious and volaity will increase only with the
beginning of new trend like breaking of major support of bouncing back big time from supports.
c. Option Chain Analysis: Very clearly, we can see that outstanding OIs (in no. of contracts) at calls of all the nearest strikes are
going up significantly (means more resistance on upside). Also, at nearest strikes 80 and 75 puts OI gone up only with 9 and 13
contracts only however volume on those particular strikes are down by 28% and 48% respectively, means no interest at all.
Suggesting that gate for 75 and 70 are now open for bears to take.
d. Chart:- Weekly attached. Below 79 significantly weak. Comfortable short below 78. Find your trade and do per your own R:R
B) Grasim:- Cmp 654.5 , direction ↓

a. 6 Months Futures- Price going down continuosly without any respite with incremental cummulative OI on each passing series
and with strong rollovers. As of now OI in system is at 5 yr highest levels. Scrip is trading near to its multibottom supirt range
of 650-640. Below 640 Rs we may see big downside here. PCR too are lying low.
b. 5D and 1D Oct Futures- Price, OI, Volume and PCR data suggests: Price gone down from 685 odd to 647 with high fresh
shorts (Increase in outstanding Future OI), may be longs have exited too. PCR fell from 0.59>> 0.41(OTM and ATM calls were
aggressively written off). IVs too came down, suggesting trend is pretty obvious and volaity will increase only with the
beginning of new trend like breaking of major support of bouncing back big time from supports. Keep an eye on 640 levels. If
broekn can be a good short candidate. 5D
1 D
c. Option Chain Analysis: Very clearly, we can see that outstanding OIs (in no. of contracts) at calls of all the nearest strikes 660-
680-700 gone up significantly (means increased resistance now). Also, puts OI gone up on 620 and 600 in last 2-3 days but
those are 5-7% down from cmp. 640 puts seen new addition of 24 contracts with low volumes. Can provide a minor support.
d. Chart:- Weekly attached. Below 640 very weak. Find your trade and do per your own R:R

Only Alpha

Krishna Agrawal
Breakout Tech Taandav

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