Bank Nifty Levels & Strategy for 01/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 sustained at higher level after initial gap up & mild profit booking. Today, retailed traders were rewarded due to their overnight highly bullish stance. Retailed traders have now taken highly bearish stance for tomorrow's trade which is exactly opposite to what big players have done today. FIIs continued with heavy buying in cash as well as F&O. Is Bank Nifty heading towards it's new lifetime high????? Is Bank Nifty going to sustain at higher levels in coming days????? Please do share your thoughts.
Overall, market breadth is positive and it looks like any decent dip due to FOMC meeting/RBI's meeting in first week of Nov is going to be a buying opportunity. Please find below scorecard and quick update about F&O positions, PCR & India VIX.
BANK NIFTY SCORECARD DATED 31/OCT/2022
BANK NIFTY IS UP BY 317 POINTS
Name Price Previous Day Change % Change
Bank Nifty 41308 40991 317.05 0.77%
India VIX 15.80 15.92 -0.12 -0.75%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 41500 (Open Interest: 2743200, CE LTP: 247.6)
Max OI (Puts) 41000 (Open Interest: 1977000, PE LTP: 203)
PCR 0.9 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Long Buildup, OTM:Short covering, ITM:Short covering, FAR OTM:Long Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Stockmarketanalysis
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash.
* CRITICAL RESISTANCE TEST . US Midterm elections take place in a little over a week (11/08) and markets are bracing for the FOMC statement on FFR at 2pm on 11/02. Equity Futures are down while Cryptos are mixed and seeing a case of the Sunday Scaries. The Nikkei 225 and Hang Seng are currently up so it gives a bit of hope to US equities in the morning. Russia continues with its pause on the Black Sea grain deal which puts food supply chains at risk in the coming months leading into winter. As Elon Musk's Twitter deal completes, Twitter is to begin charging $20 a month for the blue check (account verification) . Brazil elects left-wing underdog Lula as President after serving two terms as Brazil's President from 2003-2010. Key Upcoming Dates: 2nd GDPNow US Q4 GDP estimate 11/ 01 ; FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.*
Price is currently breaking back above the 50MA and is trending up at ~$3900 after bouncing off of the lower trendline of the descending channel from August 2021 at ~$3790. Volume remains High (low) and has favored buyers in five of the past six sessions as Price tests the Point of Control (VP) at $3915 as resistance. Parabolic SAR flips bearish at $3600, this margin is mildly bearish at the moment. RSI is currently trending up at 60 after bouncing off of 52.68 support, the next resistance is at 68.42. Stochastic remains bearish in the "bullish autobahn zone" for two consecutive sessions and is completing a trough formation at ~89.5, it would experience a bullish crossover at ~90 where it would then likely retest max top. MACD is currently trending up at ~6.8 with no signs of peak formation as it approaches a test of 10.73 minor resistance for the first time since July 2022; it's also still technically testing the weak uptrend line from March 2020 at around -11.45 resistance. ADX is currently beginning to form a trough at 23 as Price pushes higher, this is mildly bullish at the moment.
If Price is able to keep pushing higher then it will likely formally retest $3938 minor resistance before potentially retesting the 100MA at ~$4100 as resistance . However, if Price breaks down here then it will likely test the 50MA at ~$3840 as support . Mental Stop Loss: (one close below) $3780.
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% SPX, 40% Cash.
* 50MA RESISTANCE TEST . Equity Futures, Hang Seng (Hong Kong) Index, Cryptos, DXY, US Treasuries and JPY are up while CNYUSD, GPBUSD and EURUSD are down. Equities and Commodities finished today's session higher. US September New Home Sales came -10.9% lower at 603k compared to August's 677k, and 17.6% lower than September 2021 . The housing market is finally catching up to financial markets and starting to reverse course. The 20th and final GPDNow US Q3 GDP estimate came in at 3.1% compared to 2.9% on 10/19. As the FOMC meeting on 11/01-11/02 nears, the recent significant downturns in PMI and New Home Sales may not be enough to save the Fed from going with 100bps if US September PCE index doesn't come down equivocally. However, most speculators are still betting on a 75bps rate hike. Key Upcoming Dates: US Q3 GDP First Estimate at 830am EST 10/27 ; Amazon Q3 and Apple Q4 Earnings 10/28; First GDPNow US Q3 GDP estimate 10/28; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.*
Price has successfully broken back into the descending channel from August 2021 and is currently trending down at ~$3830 after being rejected by the 50 MA at ~$3860 as resistance; it would confirm support of the channel if it were to successfully defend the lower trendline of the channel at ~$3795 as support. Volume both remains High (low) and has favored buyers for four consecutive sessions now. Parabolic SAR flips bearish at $3547, this margin is mildly bearish at the moment. RSI is currently trending down at 55.5 after forming a peak at 58, the next support is at 52.68. Stochastic is currently on the verge of crossing over bearish at 96, the next support is at 76 but as long as it stays above 85 it is in the "bullish autobahn". MACD remains bullish and is currently testing the weak uptrend line from March 2020 at 10.73 resistance with no signs of trough formation. ADX continues to trend lower at 25 as Price is pushing higher, this is mildly bearish at the moment.
If Price is able to breakout above the 50 MA at ~$3860 as resistance then it will likely aim to retest the VP Point of Control at around $3938 minor resistance . However, if Price continues to breakdown here, it will likely test the lower trendline of the descending channel from August 2021 at ~$3795 as support . Mental Stop Loss: (two consecutive closes below) $3795.
Boston Beer running up W Formation breakoutW Formation has formed after an extended downtrend.
The price has broken above and has a likelihood of running up.
Price above all MAs
Target $571.54
CONCERNS:
After a steep downtrend, the price is still vulnerable for upside. Either it rallies hard and furious. Or the market comes back down into the formation.
Either way, we have out signal to go long.
As usual I keep it simple ...major levels markedyes we are in uptrend but to be cautious is not wrong at all. all im gonna say that I will keep my bias neutral for tomorrow. I will patiently wait for any of my horizontal support or resistance to be broken. all we need to do is just follow the price. DO take note traders due to today's holiday the premium will decay fast so be careful on that part.
Best of luck Traders.
Happy expiry.
Bank Nifty & Levels for 25/Oct/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
Today global cues were positive on special occasion of Diwali 2022 Muhurat trading. Bank Nifty closed 581 points up. Bank Nifty, once again got close to lifetime high. It will be very interesting to see where Bank Nifty will cross it's lifetime high & sustain above it. Big players have taken bullish positions. We have also seen decent profit booking at higher levels. We have seen lot of actions in just one hour of Muhurat trading. Bank Nifty is looking positive.
Shall we 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 24/OCT/2022
BANK NIFTY IS UP BY 521 POINTS
Name Price Previous Day Change % Change
Bank Nifty 41305 40784 520.85 1.28%
India VIX 17.42 17.28 0.14 0.82%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 42000 (Open Interest: 2111875, CE LTP: 46.05)
Max OI (Puts) 39000 (Open Interest: 2433375, PE LTP: 10.1)
PCR 1.39 (PCR is in overbought 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:Long Liquidation
SPX Daily TA Cautiously BullishSPXUSD daily guidance is cautiously bullish. Recommended ratio: 70% SPX, 30% Cash.
*Equity Futures are up to start the week and Cryptos are currently seeing some Sunday Scaries, this particular combination typically bodes well for the Equity bulls in Monday's trading session. DXY is up and US Treasuries are down. Today Russia accused Ukraine of planning to detonate a 'dirty bomb' (an explosive with radioactive elements) with hopes of blaming Russia for using weapons of mass destruction and instigating a response from NATO . Key Upcoming Dates: S&P US October Manufacturing PMI at 945am EST 10/24 ; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; 20th and Final GDPNow US Q3 GDP estimate 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.*
Price is currently trending up at ~$3752 after bouncing from $3658 minor support, the next resistance is the lower trendline of the descending channel from August 2021 at ~$3800. Volume is currently High (low) and trading in the third largest supply/demand zone as it broke a three day streak of seller dominance with a green close in Friday's session. Parabolic SAR flips bearish at $3507, this margin is mildly bearish at the moment. RSI is currently trending up at 51 as it approaches a retest of 52.68 resistance for the first time since 09/12/22. Stochastic is currently crossing over bearish at 88 in the 'bullish autobahn zone', as long as it stays above ~85 this would still be bullish. MACD remains bullish and is currently testing -43.84 resistance for the first time since July of this year. ADX is currently trending down at 29.36 as Price keeps pushing higher, this is mildly bearish at the moment.
If Price is able to continue up here then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3800 as resistance before potentially retesting the 50 MA at ~$3900 as resistance . However, if Price breaks down here, it will likely retest $3658 minor support . Mental Stop Loss: (one close below) $3658.
Nifty Levels & Strategy for 21/Oct/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.
NIFTY
Nifty closed in green and Bulls are trying hard to retain the control & continue with ongoing relief rally. 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. Weakness in Indian Rupee is hurting Indian traders. Nifty & Bank Nifty are trading in opposite directions. We have Diwali two days of Diwali vacation prior to October expiry. Please avoid trading (specially buying) in weekly options.
Bulls have slightly upper hand based on OI data. 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.
NIFTY SCORECARD DATED 20/OCT/2022
NIFTY IS UP BY 52 POINTS
Name Price Previous Day Change % Change
Nifty 17564 17512 51.70 0.30%
India VIX 17.23 17.49 -0.25 -1.46%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 6777500, CE LTP: 11.95)
Max OI (Puts) 16500 (Open Interest: 5910800, PE LTP: 4.6)
PCR 1.17 (PCR is in buying Zone)
Nifty Calls:
ATM: Long Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Advanced Micro Devices Analyze!!!😉Advanced Micro Devices (AMD) completed a Double Zigzag correction in Descending channel.
AMD is completing one of the impulsive waves in my resistance zone, and I expect AMD goes down again to the support zone.
Also, Every time AMD has risen slightly above the EMA 111, it has fallen again (this is the fourth time).
Advanced Micro Devices Analyze, Daily Timeframe (Logscale).
🔴Resistance Zone🔴: 100.4$ until 98.3$
🟢Support Zone🟢:85$ until 82.9$
❗️Note❗️: If AMD breaks(valid) the resistance zone, then we can verify the end of the correction.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Bank Nifty Levels & Strategy for 20/Oct/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 started on an excellent note. Later, profit booking brought it down and finally Bank Nifty closed on 54 points up. FIIs who were buying from last few days has suddenly turned bearish as retail traders started showing buying interest. Both are working mostly in opposite direction. Big players have access to retail traders data and they are positioning accordingly therefore majority of the retail trader should work very carefully and focus more on learning. Today, US market has trading in red. Retail traders should wait for good quality opportunities.
BANK NIFTY SCORECARD DATED 19/OCT/2022
BANK NIFTY IS UP BY 54 POINTS
Name Price Previous Day Change % Change
Bank Nifty 40373 40319 54.45 0.14%
India VIX 17.49 17.45 0.03 0.20%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 40500 (Open Interest: 3104200, CE LTP: 9.85)
Max OI (Puts) 39000 (Open Interest: 2759000, PE LTP: 121)
PCR 1.06 (PCR is in sideways to mild bullish 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:Short Buildup, FAR OTM:Short Buildup
Tomorrow's expiry is likely to be volatile. Bulls as well as Bears are likely to get decent profit making opportunities. What should we do? Shall we buy on dips & sell on rise with strict SL in case we get good tradesetup. Yes, I think so. What are your thoughts?
SPX Daily TA Cautiously BearishSPXUSD daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash.
* BOUNCE WATCH . US September Building Permits came in 1.4% higher than in August while Housing Starts registered 8.1% lower , following a recent trend of builders making more plans to build but being unable to start. Several factors contributing to this include average 30yr Fixed Mortgages going above 7%, more supply chain interruptions delaying building material/parts arrivals and inflated prices that are increasing the cost of new builds. Equities, Equity Futures, Cryptos, Gold, Agriculture, EURUSD, GBPUSD, CNYUSD, JPYUSD are all down while DXY, US Treasuries and the VIX are all up. The 19th GDPNow US Q3 GDP estimate is now 2.9% compared to 2.8% on 10/14 . Putin has announced Martial Law in all four of the Ukrainian territories he "annexed" a few weeks ago . Key Upcoming Dates: S&P US October Manufacturing PMI at 945am EST 10/24; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.*
Price is currently trending down at $3685 after forming a peak just below the lower trendline of the descending channel from August 2021 at ~$3760, the next support (minor) is at $3658. Volume is currently Low (high) and on track to favor sellers for a second consecutive session. Parabolic SAR flips bearish at $3495, this margin is mildly bearish. RSI is currently trending down at 45 after forming a peak at 48.5 as it approaches a retest of the uptrend line from January 2022 at ~42 as support. Stochastic remains bullish and is currently trending up at 95 as it approaches a retest of max top. MACD remains bullish and is beginning to form a soft peak at -62, it's still technically testing the uptrend line from March 2020 as resistance at -76 minor resistance. ADX is currently trending down at 30 as Price is beginning to fall, this is neutral at the moment.
If Price is able to bounce here then it will likely aim to retest the lower trendline of the descending channel from August 2021 at ~$3770 as resistance . However, if Price continues to breakdown here, it will likely formally retest $3658 minor support . Mental Stop Loss: (one close above) $3700.
Will earnings Season push S&P to new lows? With the latest US earnings season underway, plenty of investors are still wary of making investment decisions. They hope that the earnings results will serve as guidance as to how the next few months will look like before factoring in fresh monetary policies and inflationary measures.
Earnings and the S&P 500
In the lead up to the earnings season, A Bloomberg survey showed that more than 60% of its 724 respondents believed the third-quarter earnings season will push the S&P 500 index lower.
But data from American financial data and software company FactSet is painting a different picture, revealing analysts' expectation of a roughly 7.5% growth in the earnings for S&P 500 companies for this year and the next, despite investors' fear of a worsening economic downturn.
Federal Rate decision
While investors are seeking clarity from the third-quarter earnings season, industry players and analysts are united in the belief that the Federal Reserve's rate decision will likely override any positive momentum and have major impact to stock performance moving forward.
JPMorgan CEO Jamie Dimon said depending on whether the Federal Reserve engineers a soft or hard landing for the economy, the S&P 500 could fall another 20%. It came with a warning on Monday that the US would likely fall into a recession over the next six to nine months. In contrast, the International Monetary Fund, said Tuesday that it expects the US economy to grow 1%.
The price of goods and services in the US continued to grow in September, with the consumer price index 8.2% higher than the prior-year period. The Federal Reserve and some economists maintain that demand generated by a hot labor market and higher wages fuel inflation and that higher unemployment and interest rates are the solution to bring it down.
President of Yardeni Research Ed Yardeni expects the S&P 500 to wait until the end of 2023 to be back at its peak, while other analysts are betting on an improving outlook that will push stock prices higher, the New York Times reported.
Bank Nifty Levels & Strategy for 19/Oct/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
Bullish run continued in Bank Nifty. F&O data clearly indicating that Bank Nifty trend is looking positive. Today, we have noticed heavy short covering in ITM calls and long positions were added in ATM calls. FIIs continued with their buying in F&O. Today FIIs & DIIs have significantly reduced the bearish positions. US market is also trading in green. Shall we look for buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think?????
BANK NIFTY SCORECARD DATED 18/OCT/2022
BANK NIFTY IS UP BY 398 POINTS
Name Price Previous Day Change % Change
Bank Nifty 40319 39920 398.30 1.00%
India VIX 17.45 18.42 -0.97 -5.24%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 40500 (Open Interest: 2556675, CE LTP: 56)
Max OI (Puts) 39500 (Open Interest: 2677750, PE LTP: 160.05)
PCR 1.22 (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:Long Liquidation
Alibaba Group Holding Analyze !!!BABA passed wave 5 in the Resistance Zone , and I expect that it will go DOWN to PRZ ( Price Reversal Zone ) & near the SMA 100 ( Daily Timeframe ) after breaking the Important Support Line .
Also, we can see the Regular Divergence (RD-) between Price and MACD Indicator .
Alibaba Group Holding Analyze ( BABAUSD ) Timeframe 4H ⏰ ( Heikin Ashi )
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Arcelormittal to break a resistance. ArcelorMittal - 30d expiry - We look to Buy a break of 22.52 (stop at 21.59)
Prices have reacted from 19.40.
A break of the recent high at 22.40 should result in a further move higher.
Short term bias has turned positive.
The RSI is trending higher.
This stock has seen good sales growth.
Our profit targets will be 24.92 and 25.72
Resistance: 22.50 / 23.50 / 24.50
Support: 22.00 / 21.40 / 21.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Bank Nifty Levels & Strategy for 18/Oct/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 performed as expected. Traders who simply followed the technical pattern got rewarded heavily. Once Bank Nifty has given breakout above VWAP & 13EMA then throughout the day not even a single candle closed below 13 EMA/VWAP on 15 min chart. Those who shorted initially, took SL and reversed the trade for wonderful one way relief rally. Retail traders got caught again. FIIs have heavily added bullish positions in F&O contracts, US market is trading in green today and majority of the retail traders did exactly opposite to what FIIs did. May GOD bless retail traders. Please don't get carried away in one direction. Bank Nifty is in oversold zone now.
We have to be patient enough to make some money and follow our rules without fail. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think?????
BANK NIFTY SCORECARD DATED 17/OCT/2022
BANK NIFTY IS UP BY 615 POINTS
Name Price Previous Day Change % Change
Bank Nifty 39920 39306 614.85 1.56%
India VIX 18.42 18.26 0.16 0.88%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 40000 (Open Interest: 2227475, CE LTP: 9.05)
Max OI (Puts) 37000 (Open Interest: 3057025, PE LTP: 363)
PCR 1.48 (PCR is in overbought 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
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!