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Bank Nifty Levels & Strategy for 01/Dec/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 Every dip is getting bought from last few weeks. Levels are marked on chart & strategy is simple i.e. buy on dips till uptrend is intact & continue to book profit near lifetime high. Today, US market is trading in red & SGX Nifty is trading in red & 100+ points down. Tomorrow morning, gap-down should be a buying opportunity with strict SL. Put premium are very low so we should avoid PE writing. Get into short trade only when support levels are broken convincingly. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 30/NOV/2022 BANK NIFTY IS UP BY 178 POINTS Name Price Previous Day Change % Change Bank Nifty 43231 43053 177.55 0.41% India VIX 13.81 13.62 0.19 1.41% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 44000 (Open Interest: 4515025, CE LTP: 6.1) Max OI (Puts) 43000 (Open Interest: 4237425, PE LTP: 38) PCR 1.01 (PCR is in sideways zone) Bank Nifty Calls: ATM: Short covering, 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
2
Bank Nifty Levels & Strategy for 28/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 Profit booking near lifetime high pushed Bank Nifty in red. Shorts are build up in ATM/OTM/ITM calls as well as puts which is indicating sideways move. Retails traders should wait patiently for range breakout/short covering in either direction. Important Note: Big players are short on index & retails traders are highly bullish. We must hedge our positions without fail to handle any surprise move. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 25/NOV/2022 BANK NIFTY IS DOWN BY -91 POINTS Name Price Previous Day Change % Change Bank Nifty 42984 43075 -91.45 -0.21% India VIX 13.33 13.48 -0.14 -1.08% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 4563025, CE LTP: 269) Max OI (Puts) 43000 (Open Interest: 3078775, PE LTP: 206.6) PCR 0.8 (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 22/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 still trading a within a range. However, Bank Nifty is continuously closing at higher level from past 10 days which really shows the wonderful strength. Profit booking at higher level is quite obvious. Bank Nifty is slowly getting ready for a trending view. Have a little more patience & simply join the range breakout/breakdown party. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 21/NOV/2022 BANK NIFTY IS DOWN BY -91 POINTS Name Price Previous Day Change % Change Bank Nifty 42347 42437 -90.90 -0.21% India VIX 14.80 14.39 0.41 2.83% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 42500 (Open Interest: 3447025, CE LTP: 157.7) Max OI (Puts) 42000 (Open Interest: 2166050, PE LTP: 80.6) PCR 0.97 (PCR is in sideways to mild bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
2
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 & 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
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
BANKNIFTY Analysis/Prediction for Tomorrow 20-07-2022NSE: BANKNIFTY Analysis/Prediction for Tomorrow 20-07-2022 If Price opens in Zone 🟢 Buy CE above 36000 ✔️ Target Should Be 36400 🔴 Buy PE below 35400 ✔️ Target Should Be 35030, 34500 Note: 🚨 Gap-UP & Gap-Down more than 200 points wait for price action. 🚨 Gap-UP & Gap-Down up-to 200 points wait for pullback. ⚠️ Wait for the 5-minute candle to close for confirmation. ⚠️ Trade Like: Either SL or Target. ⚠️ Important: Always maintain your Risk & Reward Ratio.
NSE:BANKNIFTY
by TheTechNifty