Nifty Bank IndexUpdated Bank Nifty Level & Strategy for 30/Sep/2022
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
Today's gap-up was sold in no time and once again, Bank Nifty closed in red & below 50 DMA. Bank Nifty is still trading above 100 & 200 DMA levels. Bank Nifty continued to remain in oversold zone and looking weak ahead of RBI policy/rate hike on 30/Sep/2022. We are expecting RBI rate hike upto 0.5% and majority of the global factors is already priced in. Tomorrow's move will be based on RBI's rate hike & post hike commentary.
BANK NIFTY SCORECARD DATED 29/SEP/2022
BANK NIFTY IS DOWN BY -112 POINTS
Name Price Previous Day Change % Change
Bank Nifty 37648 37760 -112.10 -0.30%
India VIX 21.30 22.10 -0.79 -3.59%
OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA
Max OI (Calls) 41000 (Open Interest: 1529125)
Max OI (Puts) 36000 (Open Interest: 1013725)
PCR 0.61 (PCR is in oversold 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
Please do wait & watch for RBI's policy and commentary. Tomorrow, once again trading is likely to be volatile only. Price-action on chart will be give you the correct picture. Work level by level to avoid big surprises.
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
BANK NIFTY
Today's gap-up was sold in no time and once again, Bank Nifty closed in red & below 50 DMA. Bank Nifty is still trading above 100 & 200 DMA levels. Bank Nifty continued to remain in oversold zone and looking weak ahead of RBI policy/rate hike on 30/Sep/2022. We are expecting RBI rate hike upto 0.5% and majority of the global factors is already priced in. Tomorrow's move will be based on RBI's rate hike & post hike commentary.
BANK NIFTY SCORECARD DATED 29/SEP/2022
BANK NIFTY IS DOWN BY -112 POINTS
Name Price Previous Day Change % Change
Bank Nifty 37648 37760 -112.10 -0.30%
India VIX 21.30 22.10 -0.79 -3.59%
OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA
Max OI (Calls) 41000 (Open Interest: 1529125)
Max OI (Puts) 36000 (Open Interest: 1013725)
PCR 0.61 (PCR is in oversold 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
Please do wait & watch for RBI's policy and commentary. Tomorrow, once again trading is likely to be volatile only. Price-action on chart will be give you the correct picture. Work level by level to avoid big surprises.
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
Note
FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 29/Sep/2022FIIs sold in cash -3599 Crores and bought in F&O market for 6363 Crores. DIIs bought in cash market for 3162 Crores to support market.
Tomorrow, we have RBI policy at 10am. Wait & watch price action on chart after RBI's hike & post hike commentary to decide next actions.
Please do review, analyse and share your comments as well. Many thanks for following me on twitter, liking my analysis & retweet. Let us work and win together. Wish you a very happy, healthy & profitable trading day ahead!
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.