Bank Nifty Levels & Strategy for 27/Oct/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
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
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
Comment:
PLEASE NOTE THAT VOLATILITY IS LIKE TO GROW IN COMING WEEKS DUE TO ANOTHER US FED HIKE IN FIRST WEEK OF NOVEMBER. KEEP USING POSITIONS HEDGED & DON'T GET CARRIED AWAY.
Comment:
FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 25/Oct/2022
FIIs: Mild Bearish in Cash & Bullish in F&O
FIIs have SOLD in cash market for -247 Crores and SOLD in derivatives market for -2139 Crores. FIIs have done PL booking & reduced their long as well as short positions significantly in index future, index put, stock call, stock put and reduced 40K plus short contracts in stock futures. Added long new positions in stock future and short positions in index call options.
FIIs Outstanding Open Interest in Index options as of today:
NET INDEX CALL CONTRACTS:2.05L, INDEX CALL LONG:4.93L, INDEX CALL SHORT:2.87L
NET INDEX PUT CONTRACTS:3.53L, INDEX PUT LONG:6.36L, INDEX PUT SHORT:2.83L
DIIs: Bullish in Cash & Bearish in F&O
DIIs BOUGHT in cash market for 872.88 Crores. DIIs added bearish positions in index future, stock future and put option contracts. They did PL booking in stock call options.
Pro Traders: Bearish
Pro traders have heavily added bearish positions in index call. They have added bullish positions in stock calls & did PL heavy booking in bullish position in index future, index call, index put, stock future & stock call options.
Retail Traders: Bullish
Retail traders have heavily added bullish positions index call and index future. They did PL booking in long as well as short positions in index put, stock future, stock call & stock put options.
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.
FIIs: Mild Bearish in Cash & Bullish in F&O
FIIs have SOLD in cash market for -247 Crores and SOLD in derivatives market for -2139 Crores. FIIs have done PL booking & reduced their long as well as short positions significantly in index future, index put, stock call, stock put and reduced 40K plus short contracts in stock futures. Added long new positions in stock future and short positions in index call options.
FIIs Outstanding Open Interest in Index options as of today:
NET INDEX CALL CONTRACTS:2.05L, INDEX CALL LONG:4.93L, INDEX CALL SHORT:2.87L
NET INDEX PUT CONTRACTS:3.53L, INDEX PUT LONG:6.36L, INDEX PUT SHORT:2.83L
DIIs: Bullish in Cash & Bearish in F&O
DIIs BOUGHT in cash market for 872.88 Crores. DIIs added bearish positions in index future, stock future and put option contracts. They did PL booking in stock call options.
Pro Traders: Bearish
Pro traders have heavily added bearish positions in index call. They have added bullish positions in stock calls & did PL heavy booking in bullish position in index future, index call, index put, stock future & stock call options.
Retail Traders: Bullish
Retail traders have heavily added bullish positions index call and index future. They did PL booking in long as well as short positions in index put, stock future, stock call & stock put options.
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.