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Bankniftyoptions

Bank Nifty Levels & Strategy for 29/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 Once gap-down was bought instantly amid global issues which is buying indication buying euphoria. Later Bank Nifty moved up but failed to cross previous day high/lifetime high. Profit booking at higher level forced Bank Nifty to closed flat. Shorts are build up in ATM/OTM/ ITM calls & puts except long liquidation in puts which show mild bearishness. Who is making money????? As usual, option writers are really making good money. Avoid buying euphoria amid ongoing global issues, retails traders should continue wait patiently for good trade setup for identifying buying/selling opportunities. Retail traders must hedge their overnight positions. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 28/NOV/2022 BANK NIFTY IS UP BY 37 POINTS Name Price Previous Day Change % Change Bank Nifty 43020 42984 36.50 0.08% India VIX 13.57 13.33 0.23 1.74% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 5644175, CE LTP: 222.7) Max OI (Puts) 43000 (Open Interest: 4493450, PE LTP: 187.6) PCR 0.84 (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:Long Liquidation, 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
Bank Nifty Levels & Strategy for 25/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 continued to hit new lifetime high. Bank Nifty started action with gap-up, mild profit booking, breakout above open price, consolidation through out the day & finally break-out. Bulls have clearly dominated the show. Volatility is quite low. US Dollar Index has corrected significantly. Brent crude is trading around $85 which is quite good for India. All factors are positive. We have seen significantly rally from lower levels. Is it really a bear market rally????? Options data Call (ATM -long & ITM-Short covering) & PE writing in indicating strength towards long side. Today option buyers who waited patiently for breakout or breakdown opportunity were rewarded. Retail traders need wait patiently for good quality setup & simply replicate profit making trades again & again. Retail traders should continue to trade with caution near new lifetime high, buy on dips with hedge & book limited profit at higher level or loss at lower level. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 24/NOV/2022 BANK NIFTY IS UP BY 346 POINTS Name Price Previous Day Change % Change Bank Nifty 43075 42729 346.30 0.81% India VIX 13.48 14.04 -0.56 -4.02% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 1430350, CE LTP: 339.9) Max OI (Puts) 42500 (Open Interest: 1596950, PE LTP: 83) PCR 1.42 (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:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 24/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 once again hit the new lifetime high. Profit booking strategy at highest level of all time worked really well. Big players have long positions (mainly PE writing) as well as short positions (mainly CE writing). They are ready on both the sides. Gap-up is likely to be sold & vice-versa. It looks like once again we are heading for another range bound expiry. Option bias is once again positive with new calls addition (ATM -long & ITM-Short covering) & PE writing. We should continue with profit booking at higher level as well as lower level. Option writers are really doing exceptionally well. Option buyers need to be very careful and wait patiently for breakout or breakdown opportunity. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 23/NOV/2022 BANK NIFTY IS UP BY 272 POINTS Name Price Previous Day Change % Change Bank Nifty 42729 42457 272.05 0.64% India VIX 14.04 13.84 0.20 1.44% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 3501750, CE LTP: 21) Max OI (Puts) 42500 (Open Interest: 3720600, PE LTP: 46) PCR 1.22 (PCR is in buying Zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
2
Bank Nifty Level & Strategy for 23/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 continued to trade in small range. Big players have significantly reduced their long as well as short positions. F&O action - new longs & short covering in calls & put writing (ATM/OTM, ITM) is indicating strength in Bank Nifty. Overall, Bulls Vs Bears positions with positive bias are pretty much balanced with highest OI in CE & PE at 42500. However, we should continue to book profit at higher level. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 22/NOV/2022 BANK NIFTY IS UP BY 111 POINTS Name Price Previous Day Change % Change Bank Nifty 42457 42347 110.50 0.26% India VIX 13.84 14.80 -0.95 -6.45% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 42500 (Open Interest: 3873475, CE LTP: 157.55) Max OI (Puts) 42500 (Open Interest: 2449875, PE LTP: 150) PCR 1.07 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Long Liquidation 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 22/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 trading still trading a within a range. However, Bank Nifty is continuously closing at higher level from past 10 days which really shows the wonderful strength. Profit booking at higher level is quite obvious. Bank Nifty is slowly getting ready for a trending view. Have a little more patience & simply join the range breakout/breakdown party. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 21/NOV/2022 BANK NIFTY IS DOWN BY -91 POINTS Name Price Previous Day Change % Change Bank Nifty 42347 42437 -90.90 -0.21% India VIX 14.80 14.39 0.41 2.83% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 42500 (Open Interest: 3447025, CE LTP: 157.7) Max OI (Puts) 42000 (Open Interest: 2166050, PE LTP: 80.6) PCR 0.97 (PCR is in sideways to mild bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
2
Bank Nifty Levels & Strategy for 21/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 trading range is quite clear & perfectly trading within a range (marked on chart). Range is always good for option writers. Please review the option data. All types (ATM, OTM, ITM & FAR OTM) calls as well as puts options are written by the big players & professional traders. Option buyers should stay away and get into trade only when bank nifty break out above or break down below the range with rise in volatility and market clearly pick-up the momentum. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 18/NOV/2022 BANK NIFTY IS DOWN BY -21 POINTS Name Price Previous Day Change % Change Bank Nifty 42437 42458 -20.60 -0.05% India VIX 14.39 14.88 -0.49 -3.28% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 42500 (Open Interest: 3814050, CE LTP: 274.3) Max OI (Puts) 42500 (Open Interest: 2120450, PE LTP: 265) PCR 0.87 (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