Bank Nifty Levels & Strategy for 20/Oct/2022

19 Eki 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 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?

19 Eki 2022

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FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 19/Oct/2022

FIIs: Mild Bearish in Cash & Highly Bearish in F&O
FIIs have SOLD in cash market for -454 Crores and BOUGHT in derivatives market for 4443 Crores. FIIs have again turned bearish and added bearish positions in index future, index call, index put, stock call & stock put option contracts. They have added bullish positions only in stock futures.

FIIs Outstanding Open Interest in Index options as of today:
NET INDEX CALL CONTRACTS:1.91L, INDEX CALL LONG:5.56L, INDEX CALL SHORT:3.65L
NET INDEX PUT CONTRACTS:3.45L, INDEX PUT LONG:7.25L, INDEX PUT SHORT:3.81L
DIIs: Bullish in Cash & Bearish in F&O

DIIs bought in cash market for 908 Crores. DIIs have added bearish positions in index future, index put and stock call option contracts. They have added new as well as covered the short position in stock futures contracts.

Pro Traders: Neutral
Pro traders have added bullish positions in index future, stock future & stock put options contracts. They have added bearish positions in index call, stock call & stock put option contracts.

Retail Traders: Bullish
Retail traders have added bearish positions in index future, stock future, stock call & stock put option contracts. They have added bearish positions in index future, stock future 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.