Bank Nifty Levels & Strategy for 31/Oct/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
Bank Nifty performed as expected. Profit booking was done at higher levels. US market clsoed in green. SGX Nifty closed almost 200 points up. Bank Nifty PCR shifted to oversold zone amid several ongoing global issues (Key issues to be considered are US FED hike in Nov & RBI's corrective action). Is Bank Nifty once again getting ready to cross it's lifetime high????? Is sell on rise & buy on dips working????? However, please do review the following Bank Nifty scorecard data which will give you clear idea about long & short positions in Calls & Puts.
BANK NIFTY SCORECARD DATED 28/OCT/2022
BANK NIFTY IS DOWN BY -308 POINTS
Name Price Previous Day Change % Change
Bank Nifty 40991 41299 -308.45 -0.75%
India VIX 15.92 16.60 -0.68 -4.07%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 41500 (Open Interest: 2660400, CE LTP: 217)
Max OI (Puts) 41000 (Open Interest: 1534125, PE LTP: 400.95)
PCR 0.65 (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: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Long Buildup
BANK NIFTY
Bank Nifty performed as expected. Profit booking was done at higher levels. US market clsoed in green. SGX Nifty closed almost 200 points up. Bank Nifty PCR shifted to oversold zone amid several ongoing global issues (Key issues to be considered are US FED hike in Nov & RBI's corrective action). Is Bank Nifty once again getting ready to cross it's lifetime high????? Is sell on rise & buy on dips working????? However, please do review the following Bank Nifty scorecard data which will give you clear idea about long & short positions in Calls & Puts.
BANK NIFTY SCORECARD DATED 28/OCT/2022
BANK NIFTY IS DOWN BY -308 POINTS
Name Price Previous Day Change % Change
Bank Nifty 40991 41299 -308.45 -0.75%
India VIX 15.92 16.60 -0.68 -4.07%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 41500 (Open Interest: 2660400, CE LTP: 217)
Max OI (Puts) 41000 (Open Interest: 1534125, PE LTP: 400.95)
PCR 0.65 (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: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Long Buildup
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