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sam20051968
Dec 14, 2022 4:41 PM

NIFTY BANK AND NIFTY ANALYSIS FOR 15 DEC 2022 Short

Nifty Bank IndexNSE

Description

14 Dec 2022 2200 Hrs.
TOMORROW IS EXPIRY.
1. US , Europe & Asia are all looking bullish.
2. SGX Nifty is indicating 35 points up @ 18785. This amounts to 100 points uptick on Bank Nifty @ 43100.
3. HDFC Bank is bullish and ICICI Bank has made a bearish engulfing pattern.
4. Reliance is bearish.
5. Max open interest of call is at 44000 and put OI is at 43500.
6. Nifty has Highest call OI @18700 and put OI is at 18600.
7. Bank Nifty is below key Pivot level of 44053. Also Nifty is below pivot level of 18657.
Analysis
1. I remain neutral to bearish on Bank nifty as Hdfc Bank and ICICI bank is in counter trend.
2. Nifty is bearish as Reliance and ICICI and IT remain bearish.
Any rise towards 18700 can be sold in futures. As options has very less premium.
similarly Any move of Bank Nifty to 41200 can be sold in futures.
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