FII Continue to selling. Major Players of BankNifty Stocks are week like HDFC, ICICI, KOTAK SBI etc. during session HDFC and ICICI tried some upward movement which had given little upside movement ot BankNifty but again steep fall was there. Now Option Chain Data giving bad signal, selling pressure to remain continue. I am expected a little Gapup to sideways on...
Gapup and Stip Profit Booking. Now I am Expecting little Bounce back, If Nifty Open Flat or Gap down We may see a bounce back due to Option Chain PCR (Put Call Ratio) Oversold and Secondly Nifty is near to Major Support level as per technical. We Will at morning 0915 to 1000 what type of option Chain Data is building then trade accordingly. for the time being my...
A gapup and then sideways and then Profit Booking...Bulls tried their everything to make the BankNifty to push towards new high. We were observing Option Chian DATA closes from morning and Booked Good Profit in 37500 PE. Now As per Data 37000 become crucial level and on breaking 37500 next support is 36800 and then finally 36500. If Market open gap down and went...
We have seen a Range bound session since morning and in second half little upside momentum. Now 17542 is important crucial level for further Upside. Trend is bullish but we have to look for 17600 PUT option Writer position on Monday otherwise again profit booking may come near to 17600 level. :)
With Seller Pressure on Morning We have seen some Buying in Second Half. Although there was lack of Momentum. Speculator Have Position over 37000 level as per Option Chain Data. But We Will see on Monday for Fresh Option Chain Data. Trend Looking Bullish As per Now. Watch for 37200+ level for further trend :) Weekend HomeWork Identify the Pattern Formed and...
We have See Good Move in BankNifty but Nifty was slow today as compare to BankNifty. Now Important Level to Watch is 17200 above this we can good move as CALL writer have Less conviction on 17200 and 17300 level So We keep our view from neutral to upside. On the Downside17000 is strong support :)
We have seen Good Momentum in BankNifty driven by ICICI Bank and Kotak Bank. Now 36500 is actin as major Support Level With New Short buildup at 36500 level and Long Addition on 37000+ level. If Bank Nifty Cross 37000 level We can see Huge and Good momentum again. First Resistance Would be 36800 and then 37000 Where some profit Booking Can bee seen or retrace can...
We have seen huge volatile session and Nifty Tried to break 17200 level but couldn't CALL Writer have less conviction on 17200 and 17300 level. If Price sustain above 17200 then 17300+ can be achieved easily on the downside 17000 is now major support we the market tested many times to break.. We can range bound session tomorrow We will trade according to price...
We have Notice Volatile Sessions from past few Days. Now 35950 is Crucial Level if break then We can see big fall again.. else Banknifty may go upside on crossing 36300+ and then 36500 level. Tomorrow is expiry Stay Lite with quantity :)
Nifty fall as analysis done previously. In the Last Hour We have seen some pull back. We can see a Gapup or small upside to consolidation between the range 17492 to 17556. We will be only bullish on niffy above 17556 and 17600 level. Other wise Nifty can again go down from these levels. Further Important support zone given on chart we do trade in the consolidation...
What a huge water Fall. We booked Good profit in Index PUTS, as Data Was negative from morning. Now BankNifty is Support level which very crucial i.e. near to 37000 level. We have seen bounce bank in last hour. But the sentiment is still bearish. We do not hold any position. Further important level to watch is 37557 as CALL writer made new Position at 37500 level...
With a hope of some recovery buyers trapped today and Nifty Fall again, We have seen LONGUNWINDING at 18000 level which was strong support and short buildup with 66.6 Lacs Open Interest at 18000 level. Further sentiment to remain bearish next support is 17900 which is having only 35 lac Open Interest on PUT side Which may be break and then 17800 which is very...
Again today buyers were trapped or have very small profit. Now We have Support at 38000 level with 22.7 lac Open Interest at PUS Side and ob the upper side we have resistance at 38500 with 25.3 Lac Open Interest in in between one Small Week Resistance 38200 Which BankNifty tried today to break but price didn't sustain above It. tomorrow We will watch for 38000 PE...
After A GapUp to little downside momentum for the day. We have Still strong support at 18000 level . But important point to note that we have Good Number of Long unwinding at 18000 level as per Option Chain Data. So upon breaking 18059 level on downside and breaking 18000 level we can see huge fall. We will see of new position are building at 18000 PUT side or...
A Gapup to downside BankNifty. Bull tried to break the 39000 level but failed... Price didn't sustain above 38930. Now 38667 is important to watch as we have PUT witter position ast 39500 level and also 38667 is fibonnaci 50% level. The Support is week upon breaking 38500 level huge fall can be seen on the Upper side 38700 and 38900 are also week resistance...
Sentiment is Still Bearish Important level to watch is 17800 if break then major fall can be seen on the above side 17900 is Resistance and 18000 is Major Resistance. We will trade accordingly as per Price action :)
We get Clear Picture of Option Chain Data for 18-Nov Expiry tomorrow.....Let New Data Buildup... Important Level as given 38426 We can see Bounce back with PINBAR CANDLE Sentiment to remain bearish
We have seen good momentum after some downside opening. CALL writer at 18000 level got trapped. Now 18000 is itself is immediate support for nifty and 18100 ,18200 target open as CALL writer have multiple position at diff strike. if 18100 break then we can see a good momentum tomorrow. further on the downside 17900 is strong support now. 18000 CE and 18100 CE will...