Bank Nifty & Levels for 25/Oct/2022
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BANK NIFTY
Today global cues were positive on special occasion of Diwali 2022 Muhurat trading. Bank Nifty closed 581 points up. Bank Nifty, once again got close to lifetime high. It will be very interesting to see where Bank Nifty will cross it's lifetime high & sustain above it. Big players have taken bullish positions. We have also seen decent profit booking at higher levels. We have seen lot of actions in just one hour of Muhurat trading. Bank Nifty is looking positive.
Shall we do profit booking near lifetime high? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
BANK NIFTY SCORECARD DATED 24/OCT/2022
BANK NIFTY IS UP BY 521 POINTS
Name Price Previous Day Change % Change
Bank Nifty 41305 40784 520.85 1.28%
India VIX 17.42 17.28 0.14 0.82%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 42000 (Open Interest: 2111875, CE LTP: 46.05)
Max OI (Puts) 39000 (Open Interest: 2433375, PE LTP: 10.1)
PCR 1.39 (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:Long Liquidation
BANK NIFTY
Today global cues were positive on special occasion of Diwali 2022 Muhurat trading. Bank Nifty closed 581 points up. Bank Nifty, once again got close to lifetime high. It will be very interesting to see where Bank Nifty will cross it's lifetime high & sustain above it. Big players have taken bullish positions. We have also seen decent profit booking at higher levels. We have seen lot of actions in just one hour of Muhurat trading. Bank Nifty is looking positive.
Shall we do profit booking near lifetime high? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
BANK NIFTY SCORECARD DATED 24/OCT/2022
BANK NIFTY IS UP BY 521 POINTS
Name Price Previous Day Change % Change
Bank Nifty 41305 40784 520.85 1.28%
India VIX 17.42 17.28 0.14 0.82%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 42000 (Open Interest: 2111875, CE LTP: 46.05)
Max OI (Puts) 39000 (Open Interest: 2433375, PE LTP: 10.1)
PCR 1.39 (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:Long Liquidation
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.