Bank Nifty Levels & Strategy for 14/Sep/2022

13 sept. 2022

Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. 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 your own skills and please do consult your financial advisor before trading.

BANK NIFTY
Bank Nifty is up again by 299 points. Bank Nifty has closed 3rd time in a row at new lifetime weekly high. Bulls have really performed well amid several global issues. Everything was going good for bulls, but today’s higher US inflation data is likely to put a break in sharp bear market rally. Bears are all set to take over. Market is going to give opportunities to those who missed to buy during the rally/clear the bleeding short positions.

Highest open interest on call side at 41000 (Shifted up from 40500 to 41000)
Highest open interest on put side at 40000 (Shifted down from 40500 to 40000)

NIFTY
Nifty is up again by 134 points. Today, Nifty has broken the 18K wall of highest open interest, but strength was clearly missing after initial breakout. PCR is further up from 1.02 (sideways zone) to 1.32 ( bullish zone). Bears are all set to bring down Nifty below 18K after blood bath in US market based on US inflation data and fear of jumbo rate hike in near future.

Highest open interest on call side at 18500 (Shifted up from 18000 to 18500)
Highest open interest on put side at 17900 (Shifted up from 17900 to 18000)

Shall we start looking for sell on rise opportunity amid global issues till US Fed hike in near future near major resistance level with strict stoploss? Or
Shall we look for buy on dips opportunity after decent correction? What do you think?

PLEASE MAKE A NOTE THAT TOMORROW MORNING, WE WILL SEE THE SHARP REACTION OF US INFLATION DATA.
Please do share your comments. Have a very happy, healthy & profitable day ahead!

13 sept. 2022

Note

FIIs & DIIs, Cash & F&O Buy/Sell Data Analysis Dated 13/Sep/2022

FIIs has bought in cash market for 1957 Crores and sold in derivatives market for -742 Crores. Tomorrow, they are likely reduce their long positions in no time based US inflation data.

FIIs has significantly reduced short positions in index future, long positions in stock future and short index call option contracts. FIIs have shorted 42769 put option, shorted stock call & stock put option contracts. Overall, today, FIIs have bullish view in the market.

DIIs sold in cash market for -1268 Crores. DIIs have bought 10297 stock future contracts. DIIs have hedged their long future contract by shorting index future and stock call option contracts. DIIs are kept neutral view in the market.

Pro traders shorted in index as well as stock future contracts. They have heavily shorted index put & stock put options. Pro traders have reduced their short index call options. Overall, they are bearish in shorted 20K future contract vs bullish in 150K option contracts.

Retail traders have sold index futures & bought stock future contracts. They have done profit booking in index call options and added short positions in index put and stock put options. They are bullish in stock call option. Overall, they are lucky to be on bearish side today.

Please do share your views and queries if any. Let us work & win together. Have a very happy, healthy & profitable day ahead! Thanks 🙏🙏

Friends, I have analyzed the data based on my limited knowledge. I am not a SEBI registered member. Information shared by me 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.