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Bankniftylevels

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
NSE:BANKNIFTY
by manishmgupta
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
NSE:BANKNIFTY
by manishmgupta