Bank Nifty Levels & Strategy for 17/Nov/2022

2022年11月16日

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 is again hit new lifetime high. Bank Nifty was all set for gap-up however Poland missile attack issue gave opportunity to bulls to add new long positions at opening as well as in 2nd half. Profit booking is happening at higher level. Big players have turned neutral and keeping watch on Poland issue development which is capable of swinging market in either direction. Please note that index is getting managed at higher level and profit booking is going on in stocks. STAY LIGHT & KEEP POSITIONS HEDGED. GET INTO TRADE ONLY WHEN YOU GET GOOD SETUP WITH SMALL SL. TREND IS ALWAYS YOUR FRIEND.

OPTIONS WRITERS ARE REALLY MAKING GOOD MONEY WHO REALLY UNDERSTAND THE UNDERTONE OF THE MARKET. RETAIL TRADERS SHOULD TRY TO LEARN OPTION WRITING BY DOING VIRTUAL TRADES & KEEP ANALYZING THE PROFIT & LOSS FOR CLEAR & BETTER UNDERSTANDING.

Please find below scorecard, PCR update & options statistics for your reference:

BANK NIFTY SCORECARD DATED 16/NOV/2022
BANK NIFTY IS UP BY 163 POINTS
Name Price Previous Day Change % Change
Bank Nifty 42535 42373 162.60 0.38%
India VIX 15.10 14.64 0.47 3.18%

OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA
Max OI (Calls) 42500 (Open Interest: 3075550, CE LTP: 140.3)
Max OI (Puts) 42000 (Open Interest: 3719600, PE LTP: 30)
PCR 1.47 (PCR is in overbought zone)

Bank Nifty Calls:
ATM: Short 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

2022年11月16日

註釋

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 16/Nov/2022

FIIs: Mild Bearish in Cash & Neutral in F&O
FIIs have SOLD in cash market for -386 Crores and BOUGHT in derivatives market for 1437 Crores. FIIs have added new bullish positions in index future & index call option. They have added new bearish positions in stock future, index put, stock call & stock put options.

FII CHANGE OI IN INDEX CALL/PUT:
INDEX CALL CHANGE OI:0.42L, INDEX CALL LONG:0.38L, INDEX CALL SHORT:-0.04L
INDEX PUT CHANGE OI:0.07L, INDEX PUT LONG:0.41L, INDEX PUT SHORT:0.34L

FII NET OUTSTANDING OI IN INDEX CALL/PUT:
INDEX CALL NET OUTSTANDING OI:2.82L, INDEX CALL LONG:6.02L, INDEX CALL SHORT:3.2L
INDEX PUT NET OUTSTANDING OI:2.22L, INDEX PUT LONG:6.39L, INDEX PUT SHORT:4.17L

DIIs: Bullish in Cash & F&O
DIIs BOUGHT in cash market for 1437 Crores. DIIs have added bullish positions in stock future (11.4K) and bearish positions in index put & stock call. Reduced few long & short positions in index future contracts.

Pro Traders: Bearish
Pro traders have added new bullish positions in index future, stock future & index put options. They have added bearish positions in index call, stock call & stock put options.

Retail Traders: Bullish
Retail traders have new bearish positions index future, index put. Added bullish positions in index call, stock call & stock put options. Did PL booking in stock future (long & short) and index future(long) contracts.

Please do review, analyse and share your comments as well. Many thanks for following me on twitter, liking my analysis & retweet. Let us work and win together. Wish you a very happy, healthy & profitable trading day ahead!

Disclaimer: I have analysed the data based on my limited knowledge. I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me for trading as it may lead to financial losses. Please consult your financial advisor before trading.