Bank Nifty Levels & Stratagy for 16/Nov/2022

15 de nov. de 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 again hit new lifetime high after consolidation from past few days. Bank Nifty closed at new lifetime high. Options data & PCR is indicating price action in long direction. Bulls have added new in ATM & OTM long calls & pushed the bears for short covering in ITM calls. Bank Nifty is looking strong. However, retail traders should continue to book profit near lifetime high and stay light.

Shall we continue with buy on dips with strict SL????? Yes, I think so. Please find below scorecard & options statistics.

BANK NIFTY SCORECARD DATED 15/NOV/2022
BANK NIFTY IS UP BY 296 POINTS
Name Price Previous Day Change % Change
Bank Nifty 42373 42077 295.95 0.70%
India VIX 14.64 14.91 -0.27 -1.84%

OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 2141575, CE LTP: 34.55)
Max OI (Puts) 42000 (Open Interest: 3370300, PE LTP: 63)
PCR 1.36 (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

15 de nov. de 2022

Nota

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 15/Nov/2022

FIIs: Mild Bearish in Cash & Bullish in F&O
FIIs have SOLD in cash market for -221 Crores and SOLD in derivatives market for -3074 Crores. FIIs have added new bullish positions in index future, index call, index put, stock call & stop put options. They have reduced long contracts & added new short contracts in stock future.

FII CHANGE OI IN INDEX CALL/PUT:
INDEX CALL CHANGE OI:0.48L, INDEX CALL LONG:0.02L, INDEX CALL SHORT:-0.45L
INDEX PUT CHANGE OI:-0.5L, INDEX PUT LONG:0.15L, INDEX PUT SHORT:0.65L

FII NET OUTSTANDING OI IN INDEX CALL/PUT:
INDEX CALL NET OUTSTANDING OI:2.4L, INDEX CALL LONG:5.64L, INDEX CALL SHORT:3.25L
INDEX PUT NET OUTSTANDING OI:2.15L, INDEX PUT LONG:5.98L, INDEX PUT SHORT:3.83L

DIIs: Bearish in Cash & F&O
DIIs SOLD in cash market for -549.28 Crores. DIIs have added bearish positions in index future & stock call (-9.8K) options. They have done PL booking in bearish/short contracts of stock future.

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

Retail Traders: Bearish
Retail traders have heavily added new bullish positions in index future, stock future, stock call & stock put options. They did PL booking & reduced long contracts & short contracts in index call. Heavily added new short contracts in index put (159K).

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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.