Bank Nifty Levels & Strategy for 02/Nov/2022

1 בנוב׳ 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 closed flat & slightly in red. Profit booking at higher level is quite obvious. However, bulls continued to dominate. Today, max OI in call as well as put is at 41500 level. It looks like tomorrow, Bank Nifty is likely to remain sideways ahead of US FED hike & RBI's meeting/hike. US market indices are trading in red ahead of major event.

Overall, market breadth is quite positive. Is tomorrow's trading session, going to offer good opportunity to option writers????? Please find below scorecard and quick update about F&O positions, PCR & India VIX .

BANK NIFTY SCORECARD DATED 01/NOV/2022
BANK NIFTY IS DOWN BY -18 POINTS
Name Price Previous Day Change % Change
Bank Nifty 41290 41308 -18.35 -0.04%
India VIX 16.13 15.80 0.33 2.07%

OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 41500 (Open Interest: 4543275, CE LTP: 195.1)
Max OI (Puts) 41500 (Open Interest: 2162625, PE LTP: 375)
PCR 0.72 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup

1 בנוב׳ 2022

הערה

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 01/Nov/2022

FIIs: Highly Bullish in Cash & F&O
FIIs have BOUGHT in cash market for 2610 Crores and BOUGHT in derivatives market for 12699 Crores. FIIs have heavily added bullish contracts in index future, stock future, index call and stock put options. They have added few bearish positions in index put and stock call options. FIIs have further reduced the short/bearish contracts in stock future.

FII CHANGE OI IN INDEX CALL/PUT:
INDEX CALL CHANGE OI:0.78L, INDEX CALL LONG:1.7L, INDEX CALL SHORT:0.92L
INDEX PUT CHANGE OI:0.51L, INDEX PUT LONG:1.32L, INDEX PUT SHORT:0.82L

FII NET OUTSTANDING OI IN INDEX CALL/PUT:
INDEX CALL NET OUTSTANDING OI:2.44L, INDEX CALL LONG:5.63L, INDEX CALL SHORT:3.2L
INDEX PUT NET OUTSTANDING OI:2.44L, INDEX PUT LONG:5.62L, INDEX PUT SHORT:3.18L

DIIs: Highly Bearish in Cash & F&O
DIIs SOLD in cash market for -730 Crores. DIIs have continued to add bearish positions in stock future, index put & stock call options. DIIs have done PL booking & reduced the long as well short contracts in index futures.

Pro Traders: Bullish
Pro traders have added bullish positions in index future, index put, stock call and stock put options. They have added bearish positions in stock future & index call options. Did PL booking in long contracts of index call & put options.

Retail Traders: Highly Bearish
Retail traders have heavily added bearish positions in index future, stock future, index put, stock call & stock put options. They have added bullish positions in index call options. Continued to trade exactly opposite to big players.

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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.