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Bank Nifty Levels & Strategy for 29/Nov/2022Dear 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 Once gap-down was bought instantly amid global issues which is buying indication buying euphoria. Later Bank Nifty moved up but failed to cross previous day high/lifetime high. Profit booking at higher level forced Bank Nifty to closed flat. Shorts are build up in ATM/OTM/ ITM calls & puts except long liquidation in puts which show mild bearishness. Who is making money????? As usual, option writers are really making good money. Avoid buying euphoria amid ongoing global issues, retails traders should continue wait patiently for good trade setup for identifying buying/selling opportunities. Retail traders must hedge their overnight positions. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 28/NOV/2022 BANK NIFTY IS UP BY 37 POINTS Name Price Previous Day Change % Change Bank Nifty 43020 42984 36.50 0.08% India VIX 13.57 13.33 0.23 1.74% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 5644175, CE LTP: 222.7) Max OI (Puts) 43000 (Open Interest: 4493450, PE LTP: 187.6) PCR 0.84 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Nifty 50 Price action today Friday 18/11/2022We have seen very volatile expiry. Buyers had shown their confidants well. But the triple pattern break was in a down trend. Now wave 5 and wave 3 have been confirmed. As you are seeing a big correction wave after 5 wave finish. And also a 5 wave down trend pattern in itself can be seen on the chart. 18200 -18230 range is likely to have a retracement. It is the fourth correlation wave to small retracement of the 5 wave downtrend. Anyway lets wait for the next impulse wave which is 5th wave of 4hr time frame, as i said the 3rd impulse also we confirmed yesterday. As per the wave pattern this downtrend is valid whenever nifty holding its price range above 17500. However Nifty is very confident of not going below 17900.
NSE:NIFTY
by DeepuPrabhakarTrade
Bank Nifty Levels & Strategy for 18/Nov/2022Dear 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 has again hit new lifetime high. Big players are managing index at higher levels and profit booking is going on in stock & also at higher level in indices. Big players have turned neutral and option writers are making good money. Option buyers should stay away and get into trade only when volatility rises and market picks-up the momentum. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 17/NOV/2022 BANK NIFTY IS DOWN BY -77 POINTS Name Price Previous Day Change % Change Bank Nifty 42458 42535 -77.25 -0.18% India VIX 14.88 15.10 -0.22 -1.47% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 42500 (Open Interest: 1760750, CE LTP: 335.05) Max OI (Puts) 42000 (Open Interest: 1675700, PE LTP: 163) PCR 1 (PCR is in sideways zone ) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Nifty 50 Price action today expiry 17/11/2022Looking at elliott waves, we can see that Nifty has now completed a C pattern yesterday (5 and 15 min time frame ). As well as the start of an impulse wave. Once this has proceeded as an impulse wave. As you can see the second wave retraces from that yellow box and continues the upward trend and 3 rd wave impulse. If we look at the open interest, we have reasonable support at 18300 and if Nifty is not able to sustain that level, a decline will happen. As per my earlier posts, a steep decline can happen anytime until we confirm the end of wave 5 of lower time frame or wave 3 of the 4 hour time frame. it will be the last correction for this year.
NSE:NIFTY
by DeepuPrabhakarTrade
Nifty & Bank Nifty Support/Resistance levels on 25 OctGood morning 🌞 Have a profitable day 💰👍🏻 Morning Market Update 25 Oct 2022 SGX NIFTY is indicating a gap up opening - SGX NIFTY is trading at 17790 - US futures are in Flat Red - ASIAN Market is in Green - USDINR at 82.75 In Nifty 17500 PE and 17700 CE Also added OI at Far OTM 18000 CE have high Open Interest in weekly In BankNifty 40500 PE and 41000 CE Also added OI at Far OTM 39500 PE and 40000 PE have high Open Interest in weekly Hong Kong Stocks Were Volatile While Mainland China Markets Continued To Slide Tuesday With Investor Sentiment Turning Following The Conclusion Of The China’s Party Congress And The Release Of A Slew Of Delayed Economic Data, While Other Major Asian Markets Rose After Wall Street’s Second Straight Positive Session; ASX 200 (+0.19%), Nikkei 225 (+0.81%), KOSPI (+0.04%) Stocks Ban In F&O: NIL
NSE:NIFTY
by PrathapTrader
Nifty and Bank Nifty Levels for 21 OctGood morning 🌞 Have a profitable day 💰👍🏻 Morning Market Update 21 Oct 2022 SGX NIFTY is indicating a Flat opening - SGX NIFTY is trading at 17496 down by -24 points - US futures are in Red - ASIAN Market is in Red - USDINR at 82.82 In Nifty 17500 PE and 17500 CE Also added OI at Far OTM have high Open Interest in weekly In BankNifty 40000 PE and 40000 CE Also added OI at Far OTM have high Open Interest in weekly Asia-Pac Equity Markets Begin Subdued As The Region Takes Its Cue From The Negative Lead From The US Where Stocks Reversed Initial Gains Amid Continued Upside In Yields; ASX 200 (-0.9%), Nikkei 225 (-0.4%), KOSPI (-0.2%) Stocks Ban In F&O: Bhel, Delta Corp, Indiabulls Hsg, India Cement, Zeel STOCKS TO WATCH: AXIS BANK, TATA CONSUMER, COFORGE, UBL, ITC, L&T FIN, HAL, DYNAMATIC TECH, DIXON TECH, ICICI SEC, UTI AMC, KEI IND, SUZLON, IEX, BAJAJ FINANCE, SHRIRAM TRANSPORT, AARTI DRUGS Earnings Today: Amber Ent, Ambuja Cements, Atul, Bajaj Finserv, Bajaj Hold, Birla Soft, Car Trade, Century Enka, Chalet Hotels, CreditAccess, CRISIL, CSB Bank, DLF, Finolex Ind, Garware Technic, Glenmark Life, GNA Axles, HDFC Life, Hind Zinc, HUL, IDBI Bank, IRB Infra, JK Bank, JSW Steel, Jubilant Pharmo, Kewal Kiran, Kokuyo Camlin, Laurus Labs, Meghmani Organic, Motilal Oswal, Nacl Ind, PNB Gilts, Poonawalla Fin, Ramkrishna Forge, Rane Madras, Rattan Power, Reliance, Route, S H Kelkar, Sasken Tech, SBI Life, Shanti Gears, Sharda Crop, Tata Steel Long, Tejas Networks, Tips Ind, Torrent Pharma, United Spirits, Vip Ind
NSE:NIFTY
by PrathapTrader
Nifty and Bank Nifty Levels for 20 Oct 2022SGX NIFTY is indicating a Gap down opening 👉 SGX NIFTY is trading at 17350 down by 153 points 👉 US futures are in Red 👉 ASIAN Market is in Red 👉 USDINR at 83.00 In Nifty 17000 PE and 17600 CE have high Open Interest in weekly In BankNifty 40000 PE and 40500 CE have high Open Interest in weekly Asia-Pac Equity Markets Are Negative Following The Weak Handover From Wall St Owing To The Higher Yield Environment As Global Inflationary Headwinds Offset Earnings Momentum; ASX 200 (-1.0%), Nikkei 225 (-1.1%), KOSPI (-0.6%) Stocks Ban In F&O: Bhel, Delta Corp, Indiabulls Hsg, India Cement, Zeel Earnings Today: Aarti Drugs, Aavas Financier, Asian Paints, Axis Bank, Bajaj Finance, Bharat Wire, Canara Bank, Central Bank, Coforge, Colgate, Control Print, Dixon Tech, Embassy Office, Eris Life, Eris Life, Granules India, Guj Ind Power, Happiest Minds, ICICI Sec, ICRA, IEX, ITC, KEI Ind, L&T Finance, Lakshmi Machine, Mastek, Meghmani Fine, Menon Bearings, Mphasis, Nath Bio-Genes, Nazara Tech, Nelco, Som Distilleries, Symphony, Tanla Platforms, Tata Consumer, Union Bank, United Breweries, UTI AMC, Zensar Tech STOCKS TO WATCH: KAVERI SEED, FILATEX INDIA, AU SMALL, MAH SCOOTERS, PERSISTENT SYSTEMS, JINDALSTEL, NLC, METRO BRANDS, RALLIS INDIA, INDUSIND BANK, NIPPON LIFE, SHOPPERS STOP, KOTAK BANK, TATA MOTORS, MAX FIN, BEL, IIFL WEALTH, DCM SHRIRAM, HAVELLS, SAGAR CEMENTS, RCF, LUPIN
NSE:BANKNIFTY
by PrathapTrader
2
Nifty and Bank Nifty Levels on 19 Oct 2022Good morning 🌞 Have a profitable day 💰👍🏻 Morning Market Update 19 Oct 2022 SGX NIFTY is indicating a Flat opening 👉 SGX NIFTY is trading at 17520 up by 25 points 👉 US futures are in Green 👉 ASIAN Market is in Green 👉 USDINR at 82.28 In Nifty 17400 PE and 17500 CE have high Open Interest in weekly In BankNifty 40000 PE and 40500 CE have high Open Interest in weekly 👉 Asia-Pac Stocks Lack Firm Direction After The Choppy Performance Stateside, While US Equity Futures Are Propped Up Following The Earnings Beat By Netflix And United Airlines After Hours; ASX 200 (+0.3%), Nikkei 225 (+0.2%), KOSPI (-0.2%) 👉 Stocks Ban In F&O: Bhel, Delta Corp, Indiabulls Hsg, India Cement, Zeel 👉 Earnings Today: 5Paisa, Accelya Kale, Agro Tech Foods, AU Small, CG Power, DB Corp, DCM Shriram, Hatsun Agro, Havells, HDFC AMC, Home First, IndusInd Bank, Inox Leisure, JK Agri, Jhonson Control, K.P Energy, Mah Scooters, Max Financial, Metro Brands, Navin Fluorine, Nestle, Nippon, Oracle Fin, Persistent, Rallis India, Rane Brake, Sagar Cement, Shemaroo Ent, Shoppers Stop, Ultratech Cement
NSE:NIFTY
by PrathapTrader
1
Nifty levels for 17 Oct 2022Good morning 🌞 Have a profitable day 💰👍🏻 Morning Market Update 17 Oct 2022 SGX NIFTY is indicating a negative opening 👉 SGX NIFTY is trading at 17079 down by 134 points 👉 US futures are in Green 👉 ASIAN Market is in Red 👉 USDINR at 82.34 In Nifty 17000 PE and 17300 CE have high Open Interest in weekly In BankNifty 33900 PE and 39500 CE have high Open Interest in weekly 👉 Asian Stocks Are Negative After Friday's Declines On Wall St Where Risk Assets Were Hit By Inflationary Concerns, While The Region Also Digests Hawkish Global Central Bank Rhetoric And China Sticking To Its Strict COVID Policy; ASX 200 (-1.4%), Nikkei 225 (-1.1%), KOSPI (-1.2%) 👉 STOCKS TO WATCH: DMART, HDFC BANK, L&T INFO, GARWARE TECH, BAJAJ AUTO, TATA ELXSI, JUST DIAL, DBL, BIRLA CORP, DLF, NBCC, ANSAL PROP, ADANI PORTS, ICICI PRU, SHREE CEMENT, NARAYANA HRUD, OLECTRA GREEN, TATA POWER, VOLTAMP TRANSFORMERS 👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg, India Cement
NSE:NIFTY
by PrathapTrader
Nifty daily analysis for 12/10/22Nifty on the daily time frame has formed a bearish engulfing candle. The markets opened flat and remained for selling whole day. Nifty tried to recover after the initial fall but in the second half huge sell off was there. On the hourly time frame, nifty took resistance from the 20 ema and a nice sell candle can be seen in the closing hour of the market. In the first 15 minute candle, the market broke its 20 and 200 ema and took resistance from the levels. A bearish moving average cross over is also there. The market has closed below the support level of 17k and another red candle can be there, if the market has decided its trend. Support :- 16920, 16840,16750 Resistance:- 16990-17000, 17065, 17170 The market has clearly give an engulfing candle and as per the technicals it can be a signal of a bearish market. Wait for the price action near the levels before entering the markets. Watch for the trend to continue for a swing/positional trades.
NSE:NIFTY
by Mambotrade