Nifty Bank Levels & Strategy for 14/Nov/2022

11 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
Today, Bank Nifty performed really well. Bank Nifty not only hit new lifetime high but also on closing basis. FIIs/Big players have turned the bullish and retail trader turned super bearish (Why ?????). Profit booking at higher level is okay. Bank Nifty was consolidating in less than 500 points range from last one week plus and today given a range breakout. Let us hope for higher levels in coming days and continue to look for buy on dips opportunities till Bank Nifty changes it's trend.

Please find below Bank Nifty Scorecard & options statistics. Options data clearly indicating new long positions buildup and short covering in calls and put writing at all levels. May God save retail traders. PLEASE UNDERSTAND THAT RETAIL TRADERS ARE MOSTLY BUYING OPTIONS AND BIG PLAYERS ARE MOSTLY SELLING OPTIONS. OPTION SELLERS, ALWAYS HAVE EDGE. THEREFORE, RETAIL TRADER SHOULD NEVER CARRY NAKED CALL OR PUT OPTIONS AND ALWAYS HEDGE THEIR OVERNIGHT POSITIONS IN FUTURE AS WELL AS OPTION CONTRACTS.

BANK NIFTY SCORECARD DATED 11/NOV/2022
BANK NIFTY IS UP BY 533 POINTS
Name Price Previous Day Change % Change
Bank Nifty 42137 41604 533.30 1.28%
India VIX 14.41 15.57 -1.16 -7.47%

OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA
Max OI (Calls) 44000 (Open Interest: 2467875, CE LTP: 9.15)
Max OI (Puts) 42000 (Open Interest: 3060575, PE LTP: 221.55)
PCR 1.15 (PCR is in buying 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

11 בנוב׳ 2022

הערה

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 11/Nov/2022

FIIs: Highly Bullish in Cash & F&O
FIIs have BOUGHT in cash market for 3958 Crores and BOUGHT in derivatives market for 6091 Crores. Today, FIIs also turned bullish in F&O segments.
FIIs have heavily added new bullish positions in index future, stock future, index call & index put options. They have also added relatively little bit of bearish positions in stock call & stock put options.

FII CHANGE OI IN INDEX CALL/PUT:
INDEX CALL CHANGE OI:0.44L, INDEX CALL LONG:1.3L, INDEX CALL SHORT:0.86L
INDEX PUT CHANGE OI:-0.15L, INDEX PUT LONG:1.02L, INDEX PUT SHORT:1.17L

FII NET OUTSTANDING OI IN INDEX CALL/PUT:
INDEX CALL NET OUTSTANDING OI:2.42L, INDEX CALL LONG:5.49L, INDEX CALL SHORT:3.07L
INDEX PUT NET OUTSTANDING OI:2.35L, INDEX PUT LONG:5.82L, INDEX PUT SHORT:3.47L

DIIs: Bullish in Cash & Mild Bearish in F&O
DIIs BOUGHT in cash market for 615.5 Crores. DIIs have added bullish positions in stock future & reduced the short contracts in stock future. They have added new bearish positions in index put and stock call options.

Pro Traders: Mild Bullish
Pro traders have added new bearish positions in index future & stock future. They have heavily added bullish positions in all types of option contracts.

Retail Traders: Super Bearish
Retail traders have very heavily added new bearish positions in index future, stock future and all types of option contracts. They are traded exactly opposite to big players & market trend. Let us hope for the best for retail traders.

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.