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Nifty Level & 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. NIFTY 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. ATM/OTM/ITM Calls were written by the big players & professional traders. We have seen short covering in on Puts side which indicates little bearishness. Option buyers should still wait & stay away and get into trade only when 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: NIFTY SCORECARD DATED 18/NOV/2022 NIFTY IS DOWN BY -36 POINTS Name Price Previous Day Change % Change Nifty 18308 18344 -36.25 -0.20% India VIX 14.39 14.88 -0.49 -3.28% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 18400 (Open Interest: 10565600, CE LTP: 69) Max OI (Puts) 18300 (Open Interest: 6853050, PE LTP: 78.95) PCR 0.73 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Buildup Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Covering, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
Balkrishna Industries Levels & Strategy for near futureDear 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. Balkrishna Industries has posted weak results. Also announced a dividend of Rs 4.0 per share on 07/Nov/2022 with record date of 22/Nov/2022. Company sales rose 28.2% (QOQ) BUT NET PROFIT DECLINED BY 2.2% (QOQ). Company's achievable capacity will remain at reduced level amid ongoing global issues. Balkrishna Industries has not given guidance for future due to ongoing global/European issues. Company's business growth is pretty muc dependent on global economy. Balkrishna Industries exports may get impacted in coming quarters. Retail investors should make use of recent up move to exit higher level/book the profit & stay away till ongoing global issues get sorted.
NSE:BALKRISIND
by manishmgupta
PAYTM (SHALL WE INVEST OR AVOID ?????) 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. PAYTM (SHALL WE INVEST OR AVOID ?????) Please share your thoughts. I have shared my idea on chart. It's in my avoid list. Sharing my inputs in response to trader's query regarding investment in PayTM. Disclaimer: I don't have any investment/position in PAYTM STOCK.
NSE:PAYTM
by manishmgupta
Nifty Levels & Strategy for 11/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. NIFTY Profit booking pushed Nifty to major support levels. Bulls attempted tried hard to recover and Nifty closed above 18000 psychological level. Let us consider today's move as profit booking. We should continue to book profit in long positions near major resistance levels marked in the chart and work level by level. Option writers are really enjoying the theta decay. Good luck to option buyers (take directional trade only when market pick-up the momentum & you get a good trading setup). Please find below Nifty scorecard with long as well short option positions details. NIFTY SCORECARD DATED 10/NOV/2022 NIFTY IS DOWN BY -129 POINTS Name Price Previous Day Change % Change Nifty 18028 18157 -128.80 -0.71% India VIX 15.57 15.92 -0.35 -2.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9282300, CE LTP: 2) Max OI (Puts) 18000 (Open Interest: 6997050, PE LTP: 110) PCR 0.79 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 09/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 Nifty opened with a gap-up . Immediately profit booking brought it down. Later, Bank Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Bank Nifty consolidated nicely at higher levels within 500 points for more than a week. Now, Bank Nifty is all set to touch new lifetime highs. It will be interesting to check whether Bank Nifty will be able to sustain near new lifetime high amid several global issues. Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions. BANK NIFTY SCORECARD DATED 07/NOV/2022 BANK NIFTY IS UP BY 428 POINTS Name Price Previous Day Change % Change Bank Nifty 41687 41258 428.25 1.04% India VIX 15.59 15.66 -0.07 -0.45% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 2044175, CE LTP: 5.35) Max OI (Puts) 41500 (Open Interest: 2511950, PE LTP: 135) PCR 1.1 (PCR is in buying Zone) Bank Nifty Calls: ATM: Short covering, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 01/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 sustained at higher level after initial gap up & mild profit booking. Today, retailed traders were rewarded due to their overnight highly bullish stance. Retailed traders have now taken highly bearish stance for tomorrow's trade which is exactly opposite to what big players have done today. FIIs continued with heavy buying in cash as well as F&O. Is Bank Nifty heading towards it's new lifetime high????? Is Bank Nifty going to sustain at higher levels in coming days????? Please do share your thoughts. Overall, market breadth is positive and it looks like any decent dip due to FOMC meeting/RBI's meeting in first week of Nov is going to be a buying opportunity. Please find below scorecard and quick update about F&O positions, PCR & India VIX. BANK NIFTY SCORECARD DATED 31/OCT/2022 BANK NIFTY IS UP BY 317 POINTS Name Price Previous Day Change % Change Bank Nifty 41308 40991 317.05 0.77% India VIX 15.80 15.92 -0.12 -0.75% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 2743200, CE LTP: 247.6) Max OI (Puts) 41000 (Open Interest: 1977000, PE LTP: 203) PCR 0.9 (PCR is in bearish zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Short covering, 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/Oct/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 Today global cues were positive. Dollar index is coming down which is quite good for global markets. As expected once again bulls as well as bears got the opportunity with sufficient time to trade & book the profit. Specially retails traders enjoyed the profit due to up move. Big players are light and have started on a positive note for Nov series. FIIs are high bullish & added bullish positions in F&O contracts. Tomorrow, also we should continue to booking profit at higher levels and buy the strength in only monthly option (not in weekly options) therefore you get enough of opportunities to adjust your trades in coming weeks. Shall we continue 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 27/OCT/2022 BANK NIFTY IS UP BY 177 POINTS Name Price Previous Day Change % Change Bank Nifty 41299 41123 176.55 0.43% India VIX 16.60 16.88 -0.28 -1.67% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 1019950, CE LTP: 400) Max OI (Puts) 40000 (Open Interest: 1047475, PE LTP: 90.85) PCR 0.96 (PCR is in sideways to mild bearish 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 27/Oct/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 Today global cues are positive. Profit booking in Bank Nifty near lifetime high is quite obvious. Big players have significantly reduced their existing long as well as short positions. Today markets are really doing well. However, retail traders need to be cautious in Bank Nifty near lifetime high. Market is quite volatile and almost daily offering nice trading opportunities to Bulls as well as Bears. Traders who working patiently and waiting for right levels, good quality trade setup are getting regularly getting rewarded. Shall we continue 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 25/OCT/2022 BANK NIFTY IS DOWN BY -182 POINTS Name Price Previous Day Change % Change Bank Nifty 41123 41305 -182.15 -0.44% India VIX 16.88 17.42 -0.54 -3.11% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 42000 (Open Interest: 2832775, CE LTP: 6.9) Max OI (Puts) 40000 (Open Interest: 2365750, PE LTP: 12.5) PCR 1.03 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Long Liquidation
NSE:BANKNIFTY
by manishmgupta
Bank Nifty & Levels for 25/Oct/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 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
NSE:BANKNIFTY
by manishmgupta
BERGERPAINT – Long Opportunity for a Swing TradeBergerpaint had been in a recent up trend post which there has been a retracement and it’s taking support on 0.618 levels. Considering the Fibonacci levels, we are expecting the long rally to be in tact and considering the recent downtrend as a pull back. We can initiate a long trend with a stop loss lower than 0.618 levels (599) and can target a risk to reward ration of 1:1 and trail stop loss to 1:2 Disclaimer: This is for educational purpose. We are not SEBI registered analysts. #TrendAnalysis #NSEindia #Trading #StockMarketindia #Tradingview
NSE:BERGEPAINTLong
by TeddyBear8884
2
Nifty Levels & Strategy for 25/Oct/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. NIFTY Today, global cues & India's internal cues were balanced. Nifty really performed well and profit booking brought it back to opening level. Big players have written ATM options in Nifty. Overall, it looks like, we are all set to enjoy a happy Diwali. Once again bulls as well bears were rewarded who waited patiently for the right trading setup. Today, I have also shared a sample Nifty short trade setup for retail traders reference. Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please share your thoughts. There is no need for traders to work with fixed mindset. Keep the things simple and trade one day at at time. We have Diwali holidays on Monday & Wednesday so only two more trading days left before October month expiry. Today, US markets are trading in green. We need to digest tdoay & Monday's data for Tuesday's trades. RIGHT NOW, OVERALL BIAS IS POSITIVE. LET US KEEP AN EYE ON GLOBAL CUES & DECIDE ON NEXT ACTIONS ON TUESDAY MORNING. NIFTY SCORECARD DATED 21/OCT/2022 NIFTY IS UP BY 12 POINTS Name Price Previous Day Change % Change Nifty 17576 17564 12.35 0.07% India VIX 17.28 17.23 0.05 0.28% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 9194300, CE LTP: 5.7) Max OI (Puts) 17000 (Open Interest: 6194850, PE LTP: 7.15) PCR 0.88 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM: Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
2
Nifty: Successful short trade based on good quality trade setupDear traders, I have identified chart levels, trade setup 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. NIFTY An example of a successful short trade in Nifty based good quality trade setup. Technical indicators worked really well. Please do share your thoughts. Thanks
NSE:NIFTYShort
by manishmgupta
Nifty Levels & Strategy for 21/Oct/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. NIFTY Nifty closed in green and Bulls are trying hard to retain the control & continue with ongoing relief rally. Today, once again Bears as well as Bulls were rewarded who traded based on good quality setup. Buy on only when price action indicate you to buy & vice versa in case of sell. Weakness in Indian Rupee is hurting Indian traders. Nifty & Bank Nifty are trading in opposite directions. We have Diwali two days of Diwali vacation prior to October expiry. Please avoid trading (specially buying) in weekly options. Bulls have slightly upper hand based on OI data. Shall we continue to buy on dips & sell on rise with strict SL untill market trend is clear? Yes, I think so. Please share your thoughts. NIFTY SCORECARD DATED 20/OCT/2022 NIFTY IS UP BY 52 POINTS Name Price Previous Day Change % Change Nifty 17564 17512 51.70 0.30% India VIX 17.23 17.49 -0.25 -1.46% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 6777500, CE LTP: 11.95) Max OI (Puts) 16500 (Open Interest: 5910800, PE LTP: 4.6) PCR 1.17 (PCR is in buying Zone) Nifty Calls: ATM: Long Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
5
Bank Nifty Levels & Strategy for 20/Oct/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 started on an excellent note. Later, profit booking brought it down and finally Bank Nifty closed on 54 points up. FIIs who were buying from last few days has suddenly turned bearish as retail traders started showing buying interest. Both are working mostly in opposite direction. Big players have access to retail traders data and they are positioning accordingly therefore majority of the retail trader should work very carefully and focus more on learning. Today, US market has trading in red. Retail traders should wait for good quality opportunities. BANK NIFTY SCORECARD DATED 19/OCT/2022 BANK NIFTY IS UP BY 54 POINTS Name Price Previous Day Change % Change Bank Nifty 40373 40319 54.45 0.14% India VIX 17.49 17.45 0.03 0.20% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 40500 (Open Interest: 3104200, CE LTP: 9.85) Max OI (Puts) 39000 (Open Interest: 2759000, PE LTP: 121) PCR 1.06 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Tomorrow's expiry is likely to be volatile. Bulls as well as Bears are likely to get decent profit making opportunities. What should we do? Shall we buy on dips & sell on rise with strict SL in case we get good tradesetup. Yes, I think so. What are your thoughts?
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 19/Oct/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 Bullish run continued in Bank Nifty. F&O data clearly indicating that Bank Nifty trend is looking positive. Today, we have noticed heavy short covering in ITM calls and long positions were added in ATM calls. FIIs continued with their buying in F&O. Today FIIs & DIIs have significantly reduced the bearish positions. US market is also trading in green. Shall we look for buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think????? BANK NIFTY SCORECARD DATED 18/OCT/2022 BANK NIFTY IS UP BY 398 POINTS Name Price Previous Day Change % Change Bank Nifty 40319 39920 398.30 1.00% India VIX 17.45 18.42 -0.97 -5.24% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 40500 (Open Interest: 2556675, CE LTP: 56) Max OI (Puts) 39500 (Open Interest: 2677750, PE LTP: 160.05) PCR 1.22 (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:Long Liquidation
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 18/Oct/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 performed as expected. Traders who simply followed the technical pattern got rewarded heavily. Once Bank Nifty has given breakout above VWAP & 13EMA then throughout the day not even a single candle closed below 13 EMA/VWAP on 15 min chart. Those who shorted initially, took SL and reversed the trade for wonderful one way relief rally. Retail traders got caught again. FIIs have heavily added bullish positions in F&O contracts, US market is trading in green today and majority of the retail traders did exactly opposite to what FIIs did. May GOD bless retail traders. Please don't get carried away in one direction. Bank Nifty is in oversold zone now. We have to be patient enough to make some money and follow our rules without fail. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think????? BANK NIFTY SCORECARD DATED 17/OCT/2022 BANK NIFTY IS UP BY 615 POINTS Name Price Previous Day Change % Change Bank Nifty 39920 39306 614.85 1.56% India VIX 18.42 18.26 0.16 0.88% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 2227475, CE LTP: 9.05) Max OI (Puts) 37000 (Open Interest: 3057025, PE LTP: 363) PCR 1.48 (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 Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 17/Oct/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 simply followed the US market & jumped up 1.76%. Bank Nifty consolidated throughout the day after initial gap-up. We have very interesting data setup for tomorrow. US markets closed in red so we are likely to start with a mild gap-down. FIIs have heavily added long positions in F&O so we should expect a bounce back from lower level. Later, we can work based on good quality trade setups. This indicates bulls as well as bears will get opportunities. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think????? BANK NIFTY SCORECARD DATED 14/OCT/2022 BANK NIFTY IS UP BY 682 POINTS Name Price Previous Day Change % Change Bank Nifty 39306 38624 681.60 1.76% India VIX 18.26 20.29 -2.03 -10.02% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 42000 (Open Interest: 2727075, CE LTP: 13.25) Max OI (Puts) 37000 (Open Interest: 1510250, PE LTP: 7) PCR 0.76 (PCR is in bearish 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 Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta