Bank Nifty Levels & Strategy for 18/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 has again hit new lifetime high. Big players are managing index at higher levels and profit booking is going on in stock & also at higher level in indices. Big players have turned neutral and option writers are making good money. Option buyers should stay away and get into trade only when volatility rises and market picks-up the momentum.
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 17/NOV/2022
BANK NIFTY IS DOWN BY -77 POINTS
Name Price Previous Day Change % Change
Bank Nifty 42458 42535 -77.25 -0.18%
India VIX 14.88 15.10 -0.22 -1.47%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 42500 (Open Interest: 1760750, CE LTP: 335.05)
Max OI (Puts) 42000 (Open Interest: 1675700, PE LTP: 163)
PCR 1 (PCR is in sideways 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:Long Buildup, FAR OTM:Short Buildup
