Bank Nifty Levels & Strategy for 29/Nov/2022
Updated
Dear 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.
BANK NIFTY
Once gap-down was bought instantly amid global issues which is buying indication buying euphoria. Later Bank Nifty moved up but failed to cross previous day high/lifetime high. Profit booking at higher level forced Bank Nifty to closed flat. Shorts are build up in ATM/OTM/ ITM calls & puts except long liquidation in puts which show mild bearishness. Who is making money????? As usual, option writers are really making good money.
Avoid buying euphoria amid ongoing global issues, retails traders should continue wait patiently for good trade setup for identifying buying/selling opportunities. Retail traders must hedge their overnight positions. Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 28/NOV/2022
BANK NIFTY IS UP BY 37 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43020 42984 36.50 0.08%
India VIX 13.57 13.33 0.23 1.74%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 5644175, CE LTP: 222.7)
Max OI (Puts) 43000 (Open Interest: 4493450, PE LTP: 187.6)
PCR 0.84 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
BANK NIFTY
Once gap-down was bought instantly amid global issues which is buying indication buying euphoria. Later Bank Nifty moved up but failed to cross previous day high/lifetime high. Profit booking at higher level forced Bank Nifty to closed flat. Shorts are build up in ATM/OTM/ ITM calls & puts except long liquidation in puts which show mild bearishness. Who is making money????? As usual, option writers are really making good money.
Avoid buying euphoria amid ongoing global issues, retails traders should continue wait patiently for good trade setup for identifying buying/selling opportunities. Retail traders must hedge their overnight positions. Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 28/NOV/2022
BANK NIFTY IS UP BY 37 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43020 42984 36.50 0.08%
India VIX 13.57 13.33 0.23 1.74%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 5644175, CE LTP: 222.7)
Max OI (Puts) 43000 (Open Interest: 4493450, PE LTP: 187.6)
PCR 0.84 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Note
FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 28/Nov/2022FIIs: Bullish in Cash & F&O
FIIs have BOGHT in cash market for 936 Crores and BOUGHT in derivatives market for 2333 Crores. FIIs have added new bullish positions in index future, index call & index put. They have added bearish positions in stock future, stock call & stock put options. They have reduced long contracts in stock future (-19.8K)
FII CHANGE OI IN INDEX CALL/PUT:
INDEX CALL CHANGE OI:0.24L, INDEX CALL LONG:0.48L, INDEX CALL SHORT:0.24L
INDEX PUT CHANGE OI:-0.01L, INDEX PUT LONG:0.78L, INDEX PUT SHORT:0.79L
FII NET OUTSTANDING OI IN INDEX CALL/PUT:
INDEX CALL NET OUTSTANDING OI:2.14L, INDEX CALL LONG:6L, INDEX CALL SHORT:3.86L
INDEX PUT NET OUTSTANDING OI:1.64L, INDEX PUT LONG:5.73L, INDEX PUT SHORT:4.09L
DIIs: Bullish in Cash & Bearish in F&O
DIIs BOUGHT in cash market for 88 Crores. DIIs have added new bearish positions in stock call (4.2K) only. They have done PL booking & reduced short contracts in stock future (-2.6K).
Pro Traders: Bearish
Pro traders have added new bearish positions in index future, index call, stock call & stock put options. They have added bullish positions in stock future & index put.
Retail Traders: Bullish
Retail traders have added bullish positions in stock future, index call, stock call & stock put options. They have added bearish positions in index future & index put options.
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Disclaimer: I have analysed the data based on my limited knowledge. I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me for trading as it may lead to financial losses. Please consult your financial advisor before trading.
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