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Bank Nifty Levels & Strategy for 21/Nov/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. BANK NIFTY Bank Nifty trading range is quite clear & perfectly trading within a range (marked on chart). Range is always good for option writers. Please review the option data. All types (ATM, OTM, ITM & FAR OTM) calls as well as puts options are written by the big players & professional traders. Option buyers should stay away and get into trade only when bank nifty break out above or break down below the range with rise in volatility and market clearly pick-up the momentum. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 18/NOV/2022 BANK NIFTY IS DOWN BY -21 POINTS Name Price Previous Day Change % Change Bank Nifty 42437 42458 -20.60 -0.05% India VIX 14.39 14.88 -0.49 -3.28% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 42500 (Open Interest: 3814050, CE LTP: 274.3) Max OI (Puts) 42500 (Open Interest: 2120450, PE LTP: 265) PCR 0.87 (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:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 17/Nov/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. BANK NIFTY Bank Nifty is again hit new lifetime high. Bank Nifty was all set for gap-up however Poland missile attack issue gave opportunity to bulls to add new long positions at opening as well as in 2nd half. Profit booking is happening at higher level. Big players have turned neutral and keeping watch on Poland issue development which is capable of swinging market in either direction. Please note that index is getting managed at higher level and profit booking is going on in stocks. STAY LIGHT & KEEP POSITIONS HEDGED. GET INTO TRADE ONLY WHEN YOU GET GOOD SETUP WITH SMALL SL. TREND IS ALWAYS YOUR FRIEND. OPTIONS WRITERS ARE REALLY MAKING GOOD MONEY WHO REALLY UNDERSTAND THE UNDERTONE OF THE MARKET. RETAIL TRADERS SHOULD TRY TO LEARN OPTION WRITING BY DOING VIRTUAL TRADES & KEEP ANALYZING THE PROFIT & LOSS FOR CLEAR & BETTER UNDERSTANDING. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 16/NOV/2022 BANK NIFTY IS UP BY 163 POINTS Name Price Previous Day Change % Change Bank Nifty 42535 42373 162.60 0.38% India VIX 15.10 14.64 0.47 3.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 42500 (Open Interest: 3075550, CE LTP: 140.3) Max OI (Puts) 42000 (Open Interest: 3719600, PE LTP: 30) PCR 1.47 (PCR is in overbought zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Stratagy for 16/Nov/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. BANK NIFTY Bank Nifty is again hit new lifetime high after consolidation from past few days. Bank Nifty closed at new lifetime high. Options data & PCR is indicating price action in long direction. Bulls have added new in ATM & OTM long calls & pushed the bears for short covering in ITM calls. Bank Nifty is looking strong. However, retail traders should continue to book profit near lifetime high and stay light. Shall we continue with buy on dips with strict SL????? Yes, I think so. Please find below scorecard & options statistics. BANK NIFTY SCORECARD DATED 15/NOV/2022 BANK NIFTY IS UP BY 296 POINTS Name Price Previous Day Change % Change Bank Nifty 42373 42077 295.95 0.70% India VIX 14.64 14.91 -0.27 -1.84% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 2141575, CE LTP: 34.55) Max OI (Puts) 42000 (Open Interest: 3370300, PE LTP: 63) PCR 1.36 (PCR is in overbought zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 15/Nov/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. BANK NIFTY Bank Nifty is sideways after hitting new lifetime high. FIIs/Big players have again turned the bearish and retail traders turned super bullish. Profit booking at higher level is going on. Retail traders should trade carefully near lifetime high amid several global issues. Retail traders should hedge their overnight positions without fail to protect their capital. Please find below scorecard & options statistics. Options data & PCR is indicating sideways action. Big players have written calls as well as puts at every level (ATM, ITM, OTM). Option buyers should get into action only when market pick-up the momentum (breakout or breakdown) else theta decay in options will continue to hurt option buyers. BANK NIFTY SCORECARD DATED 14/NOV/2022 BANK NIFTY IS DOWN BY -60 POINTS Name Price Previous Day Change % Change Bank Nifty 42077 42137 -60.30 -0.14% India VIX 14.91 14.41 0.51 3.51% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 44000 (Open Interest: 2615650, CE LTP: 5.05) Max OI (Puts) 42000 (Open Interest: 3134725, PE LTP: 200.05) PCR 1.01 (PCR is in sideways 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:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Nifty Bank Levels & Strategy for 14/Nov/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. BANK NIFTY Today, Bank Nifty performed really well. Bank Nifty not only hit new lifetime high but also on closing basis. FIIs/Big players have turned the bullish and retail trader turned super bearish (Why ?????). Profit booking at higher level is okay. Bank Nifty was consolidating in less than 500 points range from last one week plus and today given a range breakout. Let us hope for higher levels in coming days and continue to look for buy on dips opportunities till Bank Nifty changes it's trend. Please find below Bank Nifty Scorecard & options statistics. Options data clearly indicating new long positions buildup and short covering in calls and put writing at all levels. May God save retail traders. PLEASE UNDERSTAND THAT RETAIL TRADERS ARE MOSTLY BUYING OPTIONS AND BIG PLAYERS ARE MOSTLY SELLING OPTIONS. OPTION SELLERS, ALWAYS HAVE EDGE. THEREFORE, RETAIL TRADER SHOULD NEVER CARRY NAKED CALL OR PUT OPTIONS AND ALWAYS HEDGE THEIR OVERNIGHT POSITIONS IN FUTURE AS WELL AS OPTION CONTRACTS. BANK NIFTY SCORECARD DATED 11/NOV/2022 BANK NIFTY IS UP BY 533 POINTS Name Price Previous Day Change % Change Bank Nifty 42137 41604 533.30 1.28% India VIX 14.41 15.57 -1.16 -7.47% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 44000 (Open Interest: 2467875, CE LTP: 9.15) Max OI (Puts) 42000 (Open Interest: 3060575, PE LTP: 221.55) PCR 1.15 (PCR is in buying Zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 10/Nov/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. BANK NIFTY As expected, Bank Nifty hit the new lifetime high. We have observed good strength in Bank Nifty at higher level, however it's good to see profit booking by trader at new lifetime high. Big players are buying in cash & adding bearish positions in F&O. Call writing as well as put writing strategy at higher level & lower level is working well. Option buyers are getting trapped in both the directions. Review, call & put option data as mentioned below to get better idea. BANK NIFTY SCORECARD DATED 09/NOV/2022 BANK NIFTY IS UP BY 97 POINTS Name Price Previous Day Change % Change Bank Nifty 41783 41687 96.50 0.23% India VIX 15.92 15.59 0.33 2.12% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 42000 (Open Interest: 3007225, CE LTP: 51.05) Max OI (Puts) 41500 (Open Interest: 2591175, PE LTP: 73) PCR 1.09 (PCR is in buying 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
Bank Nifty Levels & Strategy for 09/Nov/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. BANK NIFTY Nifty opened with a gap-up . Immediately profit booking brought it down. Later, Bank Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Bank Nifty consolidated nicely at higher levels within 500 points for more than a week. Now, Bank Nifty is all set to touch new lifetime highs. It will be interesting to check whether Bank Nifty will be able to sustain near new lifetime high amid several global issues. Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions. BANK NIFTY SCORECARD DATED 07/NOV/2022 BANK NIFTY IS UP BY 428 POINTS Name Price Previous Day Change % Change Bank Nifty 41687 41258 428.25 1.04% India VIX 15.59 15.66 -0.07 -0.45% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 2044175, CE LTP: 5.35) Max OI (Puts) 41500 (Open Interest: 2511950, PE LTP: 135) PCR 1.1 (PCR is in buying Zone) Bank Nifty Calls: ATM: Short covering, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 07/Nov/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. BANK NIFTY Bank Nifty performed as expected & respected the major resistance & support levels. Market volatility is offering opportunities to bulls as well as bears almost on daily basis. Today, option writers also got rewarded. Option writers always have edge and theta decay goes in favor of option writers. Today, US markets are also trading flat. We should expect a trending move in next few days till then enjoy the volatility and trade in both the directions with strict SL and maximise profit using TSL. Please note that FIIs/Big players are continuously adding bearish positions in F&O segment so retail traders should trade carefully & continue to book profit at higher levels and hedge their positions/portfolio to avoid any surprises in coming days. Please find below scorecard and quick update about F&O positions, PCR & India VIX . BANK NIFTY SCORECARD DATED 04/NOV/2022 BANK NIFTY IS DOWN BY -40 POINTS Name Price Previous Day Change % Change Bank Nifty 41258 41298 -39.90 -0.10% India VIX 15.66 15.94 -0.29 -1.80% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 2694825, CE LTP: 272) Max OI (Puts) 41000 (Open Interest: 1774125, PE LTP: 195) PCR 0.85 (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:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
4
Bank Nifty Levels & Strategy for 04/Nov/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. BANK NIFTY Bank Nifty offered opportunities to bears as well as bulls. US Fed meeting impact was absorbed in few mins by bulls and they have pushed it to higher levels. Today, bullish move was quite good for retail traders. Big players were bearish and again brought Bank Nifty down. Indian markets are nicely coupled with US market. Next move should be based on US market. Hoping, RBI may not play the spoiling sport in coming days. RBI may sell USD or increase rate to keep rupee dollar equation checked. Indian market is performing well and weakness is imported from the overseas. Retail traders should continue to book profit near lifetime high & enjoy the daily volatility. Please find below scorecard and quick update about F&O positions, PCR & India VIX . BANK NIFTY SCORECARD DATED 03/NOV/2022 BANK NIFTY IS UP BY 152 POINTS Name Price Previous Day Change % Change Bank Nifty 41298 41147 151.70 0.37% India VIX 15.94 16.66 -0.72 -4.32% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 1606025, CE LTP: 359) Max OI (Puts) 40500 (Open Interest: 1192075, PE LTP: 132.55) PCR 0.99 (PCR is in sideways zone ) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 03/Nov/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. BANK NIFTY Bank Nifty closed in red due to heavy PL booking at higher level ahead of US Fed Reserve FOMC meeting (Nov1-2) outcome later tonight. Big players have taken bearish positions and retail traders took highly bullish positions. Tomorrow's move will be based on US Fed meeting outcome & RBI's meeting. Please find below scorecard and quick update about F&O positions, PCR & India VIX . BANK NIFTY SCORECARD DATED 02/NOV/2022 BANK NIFTY IS DOWN BY -143 POINTS Name Price Previous Day Change % Change Bank Nifty 41147 41290 -142.90 -0.35% India VIX 16.66 16.13 0.53 3.30% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 3907375, CE LTP: 101) Max OI (Puts) 41000 (Open Interest: 2066450, PE LTP: 177) PCR 0.68 (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: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Shall we look for sell on rise opportunities near major resistance levels?????? Please do share your thoughts.
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 02/Nov/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. BANK NIFTY Bank Nifty closed flat & slightly in red. Profit booking at higher level is quite obvious. However, bulls continued to dominate. Today, max OI in call as well as put is at 41500 level. It looks like tomorrow, Bank Nifty is likely to remain sideways ahead of US FED hike & RBI's meeting/hike. US market indices are trading in red ahead of major event. Overall, market breadth is quite positive. Is tomorrow's trading session, going to offer good opportunity to option writers????? Please find below scorecard and quick update about F&O positions, PCR & India VIX . BANK NIFTY SCORECARD DATED 01/NOV/2022 BANK NIFTY IS DOWN BY -18 POINTS Name Price Previous Day Change % Change Bank Nifty 41290 41308 -18.35 -0.04% India VIX 16.13 15.80 0.33 2.07% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 4543275, CE LTP: 195.1) Max OI (Puts) 41500 (Open Interest: 2162625, PE LTP: 375) PCR 0.72 (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:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 25/Oct/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. BANK NIFTY Today global cues & India's internal cues were balanced. Bank Nifty really performed well and closed 684 points up in nice green. Big players have also taken bullish positions. We have also seen decent profit booking at higher levels. Overall, it looks like, we are all set to enjoy a happy Diwali. Once again bulls as well bears were rewarded who waited patiently for the right trading setup. Today, I have also shared a sample Nifty short trade setup for retail traders reference. Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please share your thoughts. There is no need for traders to work with fixed mindset. Keep the things simple and trade one day at at time. We have Diwali holiday on Monday & Wednesday so only two more trading days left before October month expiry. Today, US markets are trading in green. We need to digest tdoay & Monday's data for Tuesday's trades. RIGHT NOW, OVERALL BIAS IS POSITIVE. LET US KEEP AN EYE ON GLOBAL CUES & DECIDE ON NEXT ACTIONS ON TUESDAY MORNING. BANK NIFTY SCORECARD DATED 21/OCT/2022 BANK NIFTY IS UP BY 685 POINTS Name Price Previous Day Change % Change Bank Nifty 40784 40100 684.50 1.71% India VIX 17.28 17.23 0.05 0.28% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 2246725, CE LTP: 258) Max OI (Puts) 40000 (Open Interest: 2269975, PE LTP: 95.45) PCR 1.19 (PCR is in buying Zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
BankNifty Trade setup Idea for 14 September, 2022Based on the global data, the market is expected to gap down massively. Since SGX nifty shows a 300 point drop, I expect the market to open around the 40000 levels and hold that range. There might be some volatility in that range. Since FII is still buying, I wouldnt be so worried. This is infact a healty correction, considering the contineous green candles for the last couple of days. My plan: I would wait for the first 15 mins candle to close and then take a call based on that to show me the direction. The first 5 minutes is going to be crazy where the retail investors get into a panic and could start selling.
NSE:BANKNIFTY
by GenkeiFutura
BankNifty Futures Key Trading Levels for 21st March 2022 BankNifty Futures Key Trading Levels for 21st March 2022 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:BANKNIFTY1!
by sbkurandwad77
3