Bank Nifty Levels & Strategy for 22/Sep/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 is down by -265 points. PCR is shifted down from 1.07 (mild bullish zone) to 0.84 ( bearish zone). It looks like today Bank Nifty followed weak global cues and bulls were nervous ahead of US FED meeting outcome.
Highest open interest on call side at 43000 (Shifted up from 42000 to 43000)
Highest open interest on put side at 40000 (Remained at same level)
NIFTY
Nifty is down by -98 points. PCR is down from 0.99 (sideways zone) to 0.73 ( bearish zone). It looks like US market along with Indian market has digested US FED hike up to 0.75%. Today, US market is trading in green. Let us hope for the best for better outcome of US FED meeting. What are your views? Please do share.
Highest open interest on call side at 18000 (Remained at same level)
Highest open interest on put side at 17000 (Shifted up from 17000 to 17500)
Will tomorrow’s trades be based on US FED meeting outcome? I think so. What do you think?
However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change.
1. Global cues based on EOD data
2. FIIs/DIIs/Big player cash & F&O data analysis
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
BANK NIFTY
Bank Nifty is down by -265 points. PCR is shifted down from 1.07 (mild bullish zone) to 0.84 ( bearish zone). It looks like today Bank Nifty followed weak global cues and bulls were nervous ahead of US FED meeting outcome.
Highest open interest on call side at 43000 (Shifted up from 42000 to 43000)
Highest open interest on put side at 40000 (Remained at same level)
NIFTY
Nifty is down by -98 points. PCR is down from 0.99 (sideways zone) to 0.73 ( bearish zone). It looks like US market along with Indian market has digested US FED hike up to 0.75%. Today, US market is trading in green. Let us hope for the best for better outcome of US FED meeting. What are your views? Please do share.
Highest open interest on call side at 18000 (Remained at same level)
Highest open interest on put side at 17000 (Shifted up from 17000 to 17500)
Will tomorrow’s trades be based on US FED meeting outcome? I think so. What do you think?
However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change.
1. Global cues based on EOD data
2. FIIs/DIIs/Big player cash & F&O data analysis
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
FIIs: Highly Bearish
FIIs have bought in cash for -461 Crores and bought in derivatives market for 223 Crores. FIIs have built heavily bearish positions in index future (-12046) & stock future (-16325). FIIs also build bearish positions in all types of option contracts. Overnight, FIIs have changed their stance from highly bullish to highly bearish.
DIIs: Mild Bullish
DIIs bought in cash market for 538.5 Crores. DIIs added bullish positions to index futures and bearish positions in index futures. DIIs reduced the bearish positions in stock put and stock call options.
Pro Traders: Highly Bearish
Pro traders took bullish positions in stock futures (8575) & slight bearish position in index futures (-84). They have heavily added bearish positions in all types of options contracts.
Retail Traders: Highly Bullish
Retail traders have heavily added bullish positions in index futures (10589) & stock futures (8406). Retail traders did profit booking in index futures and index put options. Added bullish positions in all types of option contracts.
Please do review, analyse and share your comments as well. Let us work and win together.
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.