Bank Nifty Levels & Strategy for 21/Oct/2022

20 ott 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 slipped in red and Bears are trying to regain the control. Today, once again Bears as well as Bulls were rewarded who traded based on good quality setup. Buy on only when price action indicate you to buy & vice versa in case of sell. PCR is indicating weakness & weakness in Indian Rupee is hurting Indian traders. We have Diwali two days of Diwali vacation prior to October expiry. Please avoid trading (specially buying) in weekly options. Your overnight position must be hedged & trade based on good quality trade setup.

Bears have slightly upper hand at higher levels. Shall we continue to buy on dips & sell on rise with strict SL untill market trend is clear? Yes, I think so. Please share your thoughts.

BANK NIFTY SCORECARD DATED 20/OCT/2022
BANK NIFTY IS DOWN BY -274 POINTS
Name Price Previous Day Change % Change
Bank Nifty 40100 40373 -273.65 -0.68%
India VIX 17.23 17.49 -0.25 -1.46%

OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 41000 (Open Interest: 1750875, CE LTP: 120)
Max OI (Puts) 39000 (Open Interest: 1507475, PE LTP: 72.7)
PCR 0.84 (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: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup

20 ott 2022

Nota

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 20/Oct/2022

FIIs: Bullish in Cash & Bearish in F&O
FIIs have BOUGHT in cash market for 1865 Crores and BOUGHT in derivatives market for 14998 Crores. FIIs have heavily added bearish positions in index futures & stock put options. Added bullish positions in stock future & stock call option contracts. They did profit booking in short positions of stock future, index call & index put options.

FIIs Outstanding Open Interest in Index options as of today:
NET INDEX CALL CONTRACTS:1.75L, INDEX CALL LONG:3.94L, INDEX CALL SHORT:2.18L
NET INDEX PUT CONTRACTS:3.61L, INDEX PUT LONG:5.83L, INDEX PUT SHORT:2.22L

DIIs: Bearish in Cash & F&O
DIIs SOLD in cash market for -887 Crores. DIIs have added bearish positions in index future, index put and stock call option contracts. They did profit booking in short contracts of stock futures.

Pro Traders: Neutral
Pro traders have added bullish positions in index future, index call, stock call & stock put options. They did PL booking & reduced positions in index call, index put, stock future & stock put options. They have added new bearish positions in stock futures.

Retail Traders: Mild Bullish to Neutral
Retail traders have added bullish positions in index future contracts & bearish positions in stock futures & stock put. They have done PL booking in index call, index put, stock future, stock call and stock put.

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.