Bank Nifty Levels & Strategy for 28/Oct/2022

27 ต.ค. 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 were positive. Dollar index is coming down which is quite good for global markets. As expected once again bulls as well as bears got the opportunity with sufficient time to trade & book the profit. Specially retails traders enjoyed the profit due to up move. Big players are light and have started on a positive note for Nov series. FIIs are high bullish & added bullish positions in F&O contracts. Tomorrow, also we should continue to booking profit at higher levels and buy the strength in only monthly option (not in weekly options) therefore you get enough of opportunities to adjust your trades in coming weeks.

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 27/OCT/2022
BANK NIFTY IS UP BY 177 POINTS
Name Price Previous Day Change % Change
Bank Nifty 41299 41123 176.55 0.43%
India VIX 16.60 16.88 -0.28 -1.67%

OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 41500 (Open Interest: 1019950, CE LTP: 400)
Max OI (Puts) 40000 (Open Interest: 1047475, PE LTP: 90.85)
PCR 0.96 (PCR is in sideways to mild bearish 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

27 ต.ค. 2022

บันทึก

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 27/Oct/2022

FIIs: Highly Bullish in Cash & F&O
FIIs have BOUGHT in cash market for 2818 Crores and BOUGHT in derivatives market for 24082 Crores. FIIs have added new long contracts in index future only & reduced the short contracts in index future. They did PL booking & reduced their long as well as short positions significantly in stock future, index call, index put, stock call & stock put. Overall, they are sounding highly bullish.

FIIs Outstanding Open Interest in Index options as of today:
NET INDEX CALL CONTRACTS:1.43L, INDEX CALL LONG:2.57L, INDEX CALL SHORT:1.14L
NET INDEX PUT CONTRACTS:1.86L, INDEX PUT LONG:3.26L, INDEX PUT SHORT:1.4L
DIIs: Bearish in Cash & only Bullish in F&O

DIIs SOLD in cash market for -1580 Crores. DIIs have not added any new long or short contracts. They have mainly reduced bearish positions in stock future & did PL booking in all types of long as well as short contracts.

Pro Traders: Bearish
Pro traders have added new bearish positions in index future only. They have significantly reduced long as well as short contracts. They did PL booking in all types of F&O contracts.

Retail Traders: Neutral & light for November 03 series
Retail traders had a wonderful day today and benefitted by nice up move today. They did PL booking in their all types of (mainly) long as well as short contracts.

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.