NiftyBank Futures Key Trading Levels for 8th Dec 2022NiftyBank Futures Key Trading Levels for 8th Dec 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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
Bankniftyoptionselling
NiftyBank Futures Key Trading Levels for 7th Dec 2022NiftyBank Futures Key Trading Levels for 7th Dec 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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
Nifty Bank Levels & Strategy for 06/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: Options data indicating mild bullishness. Smart money/big players are adding bullish positions. However, as a retail investor, we should continue to book profit near new lifetime high & wait for good trade setup/good buy on dips opportunities.
Red Flags to keep in mind for coming days:
1.Today, RBI meeting started. Reserve Bank of India (RBI) is likely to go ahead with another rate hike (approx. 0.25%) on Dec-07 then what will happen in banking stocks?????
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll stuff started today evening.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 05/DEC/2022
BANK NIFTY IS UP BY 229 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43333 43104 229.20 0.53%
India VIX 13.73 13.45 0.28 2.10%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43500 (Open Interest: 2402925, CE LTP: 162.15)
Max OI (Puts) 43000 (Open Interest: 3428300, PE LTP: 109.2)
PCR 1.08 (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
NiftyBank Futures Key Trading Levels for 6th Dec 2022NiftyBank Futures Key Trading Levels for 6th Dec 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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
Nifty Bank Levels & Strategy for 05/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: Options data indicating mild weakness. FIIs are super bearish & Retail traders are super bullish. Retail traders should be trading carefully near lifetime high levels & hedge their overnight positions. Wait patiently & trade only good quality trade setup with decent R:R.
Please find below BANK NIFTY scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 02/DEC/2022
BANK NIFTY IS DOWN BY -157 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43104 43261 -156.90 -0.36%
India VIX 13.45 13.36 0.09 0.67%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 3056650, CE LTP: 333)
Max OI (Puts) 43000 (Open Interest: 2718500, PE LTP: 191)
PCR 0.71 (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:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
NiftyBank Futures Key Trading Levels for 5th Dec 2022NiftyBank Futures Key Trading Levels for 5th Dec 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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
Bank Nifty Levels & Option Data for 02/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.
Please find below BANK NIFTY scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 01/DEC/2022
BANK NIFTY IS UP BY 30 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43261 43231 29.65 0.07%
India VIX 13.36 13.81 -0.45 -3.24%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43500 (Open Interest: 1701500, CE LTP: 200)
Max OI (Puts) 43000 (Open Interest: 1289625, PE LTP: 189)
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
NiftyBank Futures Key Trading Levels for 2nd Dec 2022NiftyBank Futures Key Trading Levels for 2nd Dec 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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
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
NiftyBank Futures Key Trading Levels for 1st Dec 2022_ExpiryNiftyBank Futures Key Trading Levels for 1st Dec 2022_expiry
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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
NiftyBank Futures Key Trading Levels for 31st Nov 2022NiftyBank Futures Key Trading Levels for 31st Nov 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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.
NiftyBank Futures Key Trading Levels for 30th Nov 2022NiftyBank Futures Key Trading Levels for 30th Nov 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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.
Bank Nifty Levels & Strategy for 29/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
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
NiftyBank Futures Key Trading Levels for 29th Nov 2022NiftyBank Futures Key Trading Levels for 29th Nov 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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.
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
NiftyBank Futures Key Trading Levels for 28th Nov 2022NiftyBank Futures Key Trading Levels for 28th Nov 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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.
Bank Nifty Levels & Strategy for 25/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 continued to hit new lifetime high. Bank Nifty started action with gap-up, mild profit booking, breakout above open price, consolidation through out the day & finally break-out. Bulls have clearly dominated the show. Volatility is quite low. US Dollar Index has corrected significantly. Brent crude is trading around $85 which is quite good for India. All factors are positive. We have seen significantly rally from lower levels. Is it really a bear market rally?????
Options data Call (ATM -long & ITM-Short covering) & PE writing in indicating strength towards long side. Today option buyers who waited patiently for breakout or breakdown opportunity were rewarded. Retail traders need wait patiently for good quality setup & simply replicate profit making trades again & again. Retail traders should continue to trade with caution near new lifetime high, buy on dips with hedge & book limited profit at higher level or loss at lower level. Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 24/NOV/2022
BANK NIFTY IS UP BY 346 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43075 42729 346.30 0.81%
India VIX 13.48 14.04 -0.56 -4.02%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 1430350, CE LTP: 339.9)
Max OI (Puts) 42500 (Open Interest: 1596950, PE LTP: 83)
PCR 1.42 (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
NiftyBank Futures Key Trading Levels for 25th Nov 2022NiftyBank Futures Key Trading Levels for 25th Nov 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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.
NiftyBank Futures Key Trading Levels for 24th Nov 2022 ExpiryNiftyBank Futures Key Trading Levels for 24th Nov 2022 Expiry
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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.
Bank Nifty Levels & Strategy for 24/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 once again hit the new lifetime high. Profit booking strategy at highest level of all time worked really well. Big players have long positions (mainly PE writing) as well as short positions (mainly CE writing). They are ready on both the sides. Gap-up is likely to be sold & vice-versa. It looks like once again we are heading for another range bound expiry.
Option bias is once again positive with new calls addition (ATM -long & ITM-Short covering) & PE writing. We should continue with profit booking at higher level as well as lower level. Option writers are really doing exceptionally well. Option buyers need to be very careful and wait patiently for breakout or breakdown opportunity. Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 23/NOV/2022
BANK NIFTY IS UP BY 272 POINTS
Name Price Previous Day Change % Change
Bank Nifty 42729 42457 272.05 0.64%
India VIX 14.04 13.84 0.20 1.44%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 3501750, CE LTP: 21)
Max OI (Puts) 42500 (Open Interest: 3720600, PE LTP: 46)
PCR 1.22 (PCR is in buying Zone)
Bank Nifty Calls:
ATM: Long 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
NiftyBank Futures Key Trading Levels for 23rd Nov 2022NiftyBank Futures Key Trading Levels for 23rd Nov 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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.
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
NiftyBank Futures Key Trading Levels for 22nd Nov 2022NiftyBank Futures Key Trading Levels for 22nd Nov 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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.