Bank Nifty & Nifty Analysis
<p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">The Bank Nifty and Nifty saw a positive start to the day. The index opened positive and traded with capped gains in the first half of the session. However, some real strength came in the early afternoon on, and Nifty went on to move past the 11,300 level.</span></span></span></span></span></p>
<p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">Let’s check the data and do the analysis for Bank Nifty and Nifty for </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">29</span></span></span></span><sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">th</span></span></span></span></sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> July</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> 2020 based on </span></span></span></span><a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>Open Interest,</u></span></span></span></span></u></a><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> Change in OI, </span></span></span></span><a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>PCR</u></span></span></span></span></u></a><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">, Max pain and Trend Cycles.</span></span></span></span></span></p>
<p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>Bank Nifty Option Front</strong></span></span></span></span></strong></span></span></p>
<p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Bank Nifty has given closing at </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>22105</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>.</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2</strong></span></span></span></span></strong><strong> </strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">on spot on </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">28</span></span></span></span><sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">th</span></span></span></span></sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> July</span></span></span></span> <strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2020</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">. On the options front, maximum Put open interest was at </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>21</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>5</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00</strong></span></span></span></span></strong><strong> </strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">followed by </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>21</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>0</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> levels, while maximum Call OI was at 2</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">3</span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>0</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00 </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">followed by </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>5</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00 </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">levels. </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">The call </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">unwinding </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">has been seen at </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>20</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> and </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>25</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00 </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">levels whereas </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>17</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> and </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>180</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>0</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> witnessed significant put </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">addition</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">. </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">A good </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">call </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">addition has been seen around the </span></span></span></span><a href="https://www.mainebolatha.in/2020/02/moneyness-of-option.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>ATM</u></span></span></span></span></u></a><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> strike.</span></span></span></span></span></span></p>
<p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>Trading Range Of Bank Nifty</strong></span></span></span></span></strong></span></span></p>
<p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Now time to find out the trading range of the bank nifty. Trading Range is a general range between the highest call strike and highest put strike. To find the range, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Bank Nifty. Trading range seems to be </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>1500 </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">to </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>23000</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">.</span></span></span></span></span></span></p>
<p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2029th%20July%202020/image/blogs-image/change-open-interest-bnf.jpg" /></span></span></span></span></span></span></p>
<p style="margin-left:48px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>1. Highest Call at 2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>3</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>0</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00. </strong></span></span></span></span></strong></span></span></p>
<p style="margin-left:48px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2. Highest Put at </strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>21</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>5</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00. </strong></span></span></span></span></strong></span></span></p>
<p style="margin-left:48px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>3. Pivot Level at 2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>0</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00.</strong></span></span></span></span></strong></span></span></p>
<p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>Highest call </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">acts as the </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>highest resistance</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> and </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>highest put </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">acts as the </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>highest support</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> for the Nifty and bank nifty. </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>Pivot level</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> is the level that bulls and bears don’t want to let it go easily. Tug of the war goes around the pivot level between bulls and bears generally.</span></span></span></span></span></span></p>
<p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"> <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2029th%20July%202020/image/feature-image/open-interest-bnf.jpg" /></span></span></p>
<p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>Trading Range Of Nifty</strong></span></span></span></span></strong></span></span></p>
<p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Nifty has given closing at </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>11300</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>.</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>5</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>5</strong></span></span></span></span></strong><strong> </strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">at spot on </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">28</span></span></span></span><sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">th</span></span></span></span></sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> July</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">, </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2020</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">. </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">On the options front, maximum Put open interest stood at 11,000 followed by 11,200 levels, while maximum Call OI was at 11,500 followed by 11,400 levels. Call unwinding was seen at strike prices 11,200 and 11,500, while there was Put writing at 11,200 and 11,300 levels. Options data suggested a shift in trading range between </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"><strong>11,100</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"> and </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"><strong>11,500</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"> levels.</span></span></span></span></span></p>
<p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"><img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2029th%20July%202020/image/blogs-image/change-open-inte_RdiY0SJ.jpg" /></span></span></span></span></span></p>
<p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>1. Highest Call at 1</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>15</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00. </strong></span></span></span></span></strong></span></span></p>
<p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>2. Highest Put at </strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>11,000</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>. </strong></span></span></span></span></strong><br />
<strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>3. Pivot Level at </strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>11,3</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00.</strong></span></span></span></span></strong></span></span></p>
<p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong> <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2029th%20July%202020/image/feature-image/open-interest-nifty.jpg" /></strong></span></span></p>
<p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">I</span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>ndia Vix</strong></span></span></span></span></strong></span></span></p>
<p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">India VIX fell 5.14 per cent to 23.73. Overall lower volatility is supporting the bullish scenario, and every intraday decline is getting bought into. </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">It is sustaining above the maximum on Box Plot into outlier data on the daily scale and thus volatile swings may continue in the coming days. If you wonder </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#4c4c4c">what</span></span></span></span> <a href="https://www.mainebolatha.in/2020/02/how-to-monetize-volatility-in-trading.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>Box Plot is and how it works, you can check here details.</u></span></span></span></span></u></a></span></p>
<p style="text-align:left"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444"><strong>Derivative Data</strong></span></span></span></strong></span></p>
<p style="text-align:left"><span style="font-family:Calibri"><strong> </strong></span></p>
<table cellspacing="0" class="Table" style="border-collapse:collapse; border:none; font-family:"Times New Roman"; font-size:14px">
<tbody>
<tr>
<td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Symbol</span></span></span></span></p>
</td>
<td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:114px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a></span></span></span></p>
</td>
<td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:169px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Pre. Max Pain</span></span></span></span></p>
</td>
<td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">PCR (OI)</span></span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Bank Nifty</span></span></span></span></p>
</td>
<td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">2</span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">20</span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">00</span></span></span></span></p>
</td>
<td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">2</span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">20</span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">00</span></span></span></span></p>
</td>
<td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial">0.68</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Nifty</span></span></span></span></p>
</td>
<td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial">11150</span></span></span></p>
</td>
<td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">1</span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">10</span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">00</span></span></span></span></p>
</td>
<td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px">
<p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial">1.83</span></span></span></p>
</td>
</tr>
</tbody>
</table>
<p style="text-align:left"><span style="font-family:Calibri"><strong> </strong></span></p>
<p style="text-align:left"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#4c4c4c"><strong>Trend Cycles (EOD)</strong></span></span></span></strong></span></p>
<p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2029th%20July%202020/image/blogs-image/bnf-cycles.PNG" /></p>
<p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2029th%20July%202020/image/feature-image/nify-cycles.PNG" /></p>
<p style="text-align:left"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#4c4c4c"><strong>Conclusion</strong></span></span></span></strong></span></p>
<p style="margin-right:18px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">The range of the indices have been shifted higher. The max pain levels are shifting down. The strikes are increasing its level. These all indicate the bullishness of the market. PCR indicates some correction may be possible as it is at higher side.</span></span></span></span></span></span></p>
<p style="margin-right:18px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Bank Nifty shows weak cycles whereas Nifty shows a long cycles. So, data on cycles confusing.</span></span></span></span></span></span></p>
<p style="margin-right:18px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Open Interest Images are generated by the Telegram Bot: </span></span></span></span><a href="http://t.me/OIinAction_bot"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>OIinAction</u></span></span></span></span></u></a><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">. You can also join it and can generate OI images for free.</span></span></span></span></span></span></p>
<p style="margin-right:18px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>Disclaimer:</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> The analysis has been prepared for informational and educational purposes only. It is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.</span></span></span></span></span></span></p>
<p style="margin-right:18px; text-align:left"><strong><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#4c4c4c">Recommended Read:</span></span></span></span></span></span></strong></p>
<p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#ffc000"><u>How to detect Option Buyers or Sellers on Option Chain</u></span></span></span></span></u></a> </span></span></p>
<p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><a href="https://www.mainebolatha.in/2020/03/21-days-lock-down-learning-plan-for-traders.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>21 Days Lockdown Learning Plan For Traders</u></span></span></span></span></u></a></span></span></p>
<p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><a href="https://www.mainebolatha.in/2020/03/top-5-skills-traders-can-learn-from-bhagvad-gita.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>Trading skills from Bhagavad Gita</u></span></span></span></span></u></a></span></span></p>
<p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><a href="https://www.mainebolatha.in/2020/03/top-7-questions-you-must-ask-before-quitting-the-job-to-become-full-time-trader.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>Questions you must ask before quitting the job to be a full-time trader</u></span></span></span></span></u></a></span></span></p>
<p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><a href="https://www.mainebolatha.in/2020/03/scar-to-star-trading-journey-of-a-super-star.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>Scar to Star - Meet a Trading Super Star</u></span></span></span></span></u></a></span></span></p>
The Bank Nifty and Nifty saw a positive start to the day. The index opened positive and traded with capped gains in the first half of the session. Ho…
Read More
