Blogs

Kumar Chandan

Bank Nifty & Nifty Analysis
Sept. 19, 2020, 7:51 p.m.

Nifty and Bank Nifty Analysis for 21st September 2020

Bank Nifty and Nifty traded in a narrow range throughout the last session before getting a huge sell-off in the final hours. Let’s check the data and do the analysis for Bank Nifty and Nifty for 21st September 2020 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max pain and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 22031.05 on spot on 18th September 2020. On the options front, maximum Put open interest was at 21,000 followed by 20,000 levels, while maximum Call OI was at 22,500 followed by 23,000 levels. The call addition has been seen at 22300 and 22500 levels whereas 22500 and 22100 witnessed significant put unwinding. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2021st%20September%202020/image/blogs-image/change-open-interest-bnf.jpg" /> Trading Range Of Bank Nifty 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 21000 to 22500. 1. Highest Call at 22,500.  2. Highest Put at 21,000.  3. Pivot Level at 22,000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2021st%20September%202020/image/feature-image/open-interest-bnf.jpg" /> Highest call acts as the highest resistance and highest put acts as the highest support for the Nifty and bank nifty. Pivot level 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.   Trading Range Of Nifty Nifty has given closing at 11504.95 on spot on 18th September 2020. The maximum Put open interest in Nifty stood at 11,500 level followed by 11,000, while maximum Call OI was at 12,000 followed by 11,600 levels. There was Call writing at strike prices 11,800 and 11,500 and Put addition 11,200 and 11,250 levels. Trading range for the nifty seems to be 11300 to 11600. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2021st%20September%202020/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 11600.  2.  Highest Put at 11,500.  3. Pivot Level at 11,500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2021st%20September%202020/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX fell 0.27 per cent to 20.04 levels. It has slipped below 20 zone with its lowest closing in the last 13 sessions. It needs to cool down further towards 20-18 zone to help the bulls get a grip for the next leg of rally. Derivative Data   <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"> Symbol </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"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </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"> Pre. Max Pain </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"> PCR (OI) </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"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 22400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 22500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.68 </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"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 11500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 11550 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.36 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2021st%20September%202020/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2021st%20September%202020/image/feature-image/nify-cycles.PNG" /> Conclusion For Nifty, 11500 has emerged as a very good support and for Bank Nifty 22000 strike looks a good support. So As long as these levels are respected by indices, bulls will be on driving sheets. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: 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. Recommended Read: <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>  <gdiv></gdiv>

Kumar Chandan

Bank Nifty & Nifty Analysis
Sept. 16, 2020, 9:16 p.m.

Nifty and Bank Nifty Analysis for 17th September 2020

Nifty opened positive and extended its move towards the 11,620 level and the index picked up gain by around 80 points. The major trend of the market remains positive and every small decline is getting bought into with a gradual shift to higher trading zones. Bank Nifty managed to hold key support at 22,000 level and recovered by around 400 points from the lower point. However, it has been underperforming Nifty, but multiple support near the 22,000 level has been pushing it higher. Let’s check the data and do the analysis for Bank Nifty and Nifty for 17th September 2020 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max pain and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 22573.55 on spot on 16th September 2020. On the options front, maximum Put open interest was at 22,000 followed by 21,000 levels, while maximum Call OI was at 23,000 followed by 23,500 levels. The call unwinding has been seen at 22000 and 22500 levels whereas 22300 and 22400 witnessed significant put addition. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2017th%20September%202020/image/blogs-image/change-open-interest-bnf.jpg" /> Trading Range Of Bank Nifty 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 22000 to 23000. 1. Highest Call at 23,000.  2. Highest Put at 22,000.  3. Pivot Level at 22,500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2017th%20September%202020/image/feature-image/open-interest-bnf.jpg" /> Highest call acts as the highest resistance and highest put acts as the highest support for the Nifty and bank nifty. Pivot level 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.   Trading Range Of Nifty Nifty has given closing at 11604.55 on spot on 16th September 2020. The maximum Put open interest in Nifty stood at 11,500 level followed by 11,400, while maximum Call OI was at 11,700 followed by 11,600 levels. There was Call unwinding at strike prices 11,500 and 11,550 and Put addition 11,500 and 11,550 levels. Trading range for the nifty seems to be 11500 to 11700. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2017th%20September%202020/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 11700.  2.  Highest Put at 11,500.  3. Pivot Level at 11,600. <img alt="" src="mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2017th%20September%202020/image/feature-image/open-interest-nifty.jpg" /><img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2017th%20September%202020/image/feature-image/open-interest-nifty.jpg" style="height:480px; width:640px" /> India VIX India VIX fell 4.56 per cent from 20.60 to 19.66 levels. It has slipped below 20 zone with its lowest closing in the last 13 sessions. It needs to cool down further towards 20-18 zone to help the bulls get a grip for the next leg of rally. Derivative Data   <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"> Symbol </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"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </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"> Pre. Max Pain </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"> PCR (OI) </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"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 22500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 22500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.83 </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"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 11550 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 11500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.6 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2017th%20September%202020/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2017th%20September%202020/image/feature-image/nify-cycles.PNG" /> Conclusion For Nifty, 11500 has emerged as a very good support and for Bank Nifty 22000 strike looks a good support. So As long as these levels are respected by indices, bulls will be on driving sheets. On Option chain, support, resistance and pivot strikes have been shifted up that indicates a positive sign for the market. Thus, the overall market seems to buy on decline. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: 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. Recommended Read:   <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>  <gdiv></gdiv>

Kumar Chandan

Bank Nifty & Nifty Analysis
Sept. 15, 2020, 8:16 p.m.

Nifty and Bank Nifty Analysis for 16th September 2020

Nifty opened positive and after an early consolidation slowly headed towards the 11,535 level. Bank Nifty opened positive and slowly headed towards 22,500 level, as it managed to hold the immediate support at 22,000 level. Let’s check the data and do the analysis for Bank Nifty and Nifty for 16th September 2020 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max pain and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 22465.65 on spot on 15th September 2020. On the options front, maximum Put open interest was at 22,000 followed by 21,000 levels, while maximum Call OI was at 22,500 followed by 23,000 levels. The call unwinding has been seen at 22700 and 23000 levels whereas 22000 and 22200 witnessed significant put addition. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2016th%20September%202020/image/blogs-image/change-open-interest-bnf.jpg" /> Trading Range Of Bank Nifty 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 22000 to 23000. 1. Highest Call at 23,000.  2. Highest Put at 22,000.  3. Pivot Level at 22,500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2016th%20September%202020/image/feature-image/open-interest-bnf.jpg" /> Highest call acts as the highest resistance and highest put acts as the highest support for the Nifty and bank nifty. Pivot level 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.   Trading Range Of Nifty Nifty has given closing at 11521.80 on spot on 15th September 2020. The maximum Put open interest in Nifty stood at 11,000 level followed by 11,400, while maximum Call OI was at 11,700 followed by 11,600 levels. There was Call unwinding at strike prices 11,500 and 11,550 and Put addition 11,400 and 11,500 levels for the coming few days. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2016th%20September%202020/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 11700.  2.  Highest Put at 11,000.  3. Pivot Level at 11,500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2016th%20September%202020/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX moved down 2.32 per cent to 20.59 level. It needs to cool down below 20-18 zone to help the bulls get a grip for the next leg of rally, else it will continue the roller-coaster ride. Derivative Data   <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"> Symbol </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"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </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"> Pre. Max Pain </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"> PCR (OI) </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"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 22500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 22400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.84 </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"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 11500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 11450 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.46 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2016th%20September%202020/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2016th%20September%202020/image/feature-image/nify-cycles.PNG" /> Conclusion For Nifty, 11400 has emerged as a very good support and for Bank Nifty 22000 strike looks a good support. So As long as these levels are respected by indices, bulls will be on driving sheets. On Option chain, support, resistance and pivot strikes have been shifted up that indicates a positive sign for the market. Thus, the overall market seems to buy on decline. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: 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. Recommended Read:   <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>  <gdiv></gdiv>

Kumar Chandan

Bank Nifty & Nifty Analysis
Sept. 14, 2020, 8:52 p.m.

Nifty and Bank Nifty Analysis for 15th September 2020

Nifty opened positive in line with the strength in global markets, but failed to hold its gains and drifted towards the 11,400 level. It corrected around 180 points from the intraday high of 11,568 level and closed the session with a loss of 25 points. Bank Nifty opened positive, but failed to surpass its immediate hurdle at 22,750 and drifted towards the 22,000 mark. Let’s check the data and do the analysis for Bank Nifty and Nifty for 15th September 2020 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max pain and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 22101.25 on spot on 14th September 2020. On the options front, maximum Put open interest was at 21,000 followed by 22,000 levels, while maximum Call OI was at 23,000 followed by 22,500 levels. The call addition has been seen at 22700 and 22800 levels whereas 21500 and 21000 witnessed significant put addition. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2015th%20September%202020/image/blogs-image/change-open-interest-bnf_8gjH6U5.jpg" /> Trading Range Of Bank Nifty 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 21000 to 23000. 1. Highest Call at 23,000.  2. Highest Put at 21,000.  3. Pivot Level at 22,000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2015th%20September%202020/image/feature-image/open-interest-bnf.jpg" /> Highest call acts as the highest resistance and highest put acts as the highest support for the Nifty and bank nifty. Pivot level 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.   Trading Range Of Nifty Nifty has given closing at 11440.05 on spot on 14th September 2020. The maximum Put open interest in Nifty stood at 11,000 level followed by 11,200, while maximum Call OI was at 11,500 followed by 11,600 levels. There was Call writing at strike prices 11,600 and 11,550 and Put addition 11,100 and 11,200 levels for the coming few days. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2015th%20September%202020/image/feature-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 11500.  2.  Highest Put at 11,000.  3. Pivot Level at 11,400. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2015th%20September%202020/image/feature-image/open-interest-nifty.jpg" /> India VIX   India VIX moved up 2.32 per cent from 20.71 to 21.19 level. It needs to cool down below 20-18 zone to help the bulls get a grip for the next leg of rally, else it will continue the roller-coaster ride. Derivative Data   <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"> Symbol </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"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </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"> Pre. Max Pain </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"> PCR (OI) </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"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 22400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 22500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.66 </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"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 11450 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 11400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.35 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2015th%20September%202020/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2015th%20September%202020/image/feature-image/nify-cycles.PNG" /> Conclusion As long as nifty can hold above 11300, bulls would be on driving sheet. However, these days the market seems to be quite volatile so we can see some wild swings both side. Overall view of the market seems to be range-bound to negative side. Trend cycles are also showing confusion in the market. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: 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. Recommended Read:   <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>  <gdiv></gdiv>

Kumar Chandan

Bank Nifty & Nifty Analysis
Sept. 12, 2020, 9:14 p.m.

Nifty and Bank Nifty Analysis for 14th September 2020

Nifty opened flattish on Friday and consolidated in a narrow range of 50 points for most part of the session, but finally managed to close positive above the 11,450 level. Bank Nifty opened positive, but failed to hold the gains at higher levels and drifted towards the 22,200 level in the first half of the session. However, a quick recovery was seen from lower levels in the last hour of trade, which helped it close near the 22,500 level. Let’s check the data and do the analysis for Bank Nifty and Nifty for 14th September 2020 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max pain and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 22479.95 on spot on 11th September 2020. On the options front, maximum Put open interest was at 21,000 followed by 22,000 levels, while maximum Call OI was at 22,500 followed by 23,000 levels. The call addition has been seen at 22500 and 22600 levels whereas 22500 and 22000 witnessed significant put addition. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2014th%20September%202020/image/blogs-image/change-open-interest-bnf.jpg" /> Trading Range Of Bank Nifty 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 21000 to 23000. 1. Highest Call at 22,500.  2. Highest Put at 21,000.  3. Pivot Level at 22,500. Highest call acts as the highest resistance and highest put acts as the highest support for the Nifty and bank nifty. Pivot level 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.  <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2014th%20September%202020/image/feature-image/open-interest-bnf.jpg" /> Trading Range Of Nifty Nifty has given closing at 11464.45 on spot on 11th September 2020. The maximum Put open interest in Nifty stood at 10,500 level followed by 11,300, while maximum Call OI was at 11,500 followed by 12,000 levels. There was Call writing at strike prices 11,600 and 11,500 and Put addition 11,400 and 11,300 levels for the coming few days. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2014th%20September%202020/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 11500.  2.  Highest Put at 10,500.  3. Pivot Level at 11,400. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2014th%20September%202020/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX fell 2.58 per cent from 21.26 to 20.71 level. The VIX has seen the lowest closing level of the week, but needs to cool down further below 20-18 levels, to help the bulls get a grip and kick off the next leg of the rally. Derivative Data   <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"> Symbol </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"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </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"> Pre. Max Pain </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"> PCR (OI) </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"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 22500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 22500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.86 </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"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 11400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 11400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.49 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2014th%20September%202020/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2014th%20September%202020/image/feature-image/nify-cycles.PNG" /> Conclusion As long as nifty is able to hold above 11300, bulls would be on driving sheet. However, these days the market seems to be quite volatile so we can see some wild swings both side. Overall view of the market seems to be range-bound to negative side. Trend cycles are also showing confusion in the market. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: 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. Recommended Read: <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>  <gdiv></gdiv>

Kumar Chandan

Bank Nifty & Nifty Analysis
Sept. 10, 2020, 9 p.m.

Nifty and Bank Nifty Analysis for 11th September 2020

Nifty opened positive above the immediate hurdle at 11,333 level, and witnessed sustained buying interest towards the 11,450 level. Bank Nifty needs to hold above 22,500 level to witness some stability and move towards 22,750 and 23,200 zones. However, a hold below 22,222 level may drag the rate-sensitive index towards 21,750 level. Let’s check the data and do the analysis for Bank Nifty and Nifty for 11th September 2020 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max pain and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 22466.20 on spot on 10th September 2020. On the options front, maximum Put open interest was at 21,000 followed by 22,000 levels, while maximum Call OI was at 23,000 followed by 22,500 levels. The call addition has been seen at 22500 and 22700 levels whereas 22500 and 22000 witnessed significant put addition. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2011th%20September%202020/image/blogs-image/change-open-interest-bnf.jpg" /> Trading Range Of Bank Nifty 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 21000 to 23000. 1. Highest Call at 23,000.  2. Highest Put at 21,000.  3. Pivot Level at 22,500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2011th%20September%202020/image/feature-image/open-interest-bnf.jpg" /> Highest call acts as the highest resistance and highest put acts as the highest support for the Nifty and bank nifty. Pivot level 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.   Trading Range Of Nifty Nifty has given closing at 11449.25 on spot on 10th September 2020. The maximum Put open interest in Nifty stood at 10,500 level followed by 11,300, while maximum Call OI was at 12,000 followed by 11,500 levels. There was Call writing at strike prices 11,700 and 11,600 and Put addition 11,200 and 11,300 levels for the coming few days. <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2011th%20September%202020/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 11600.  2.  Highest Put at 11,000.  3. Pivot Level at 11,300.  <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2011th%20September%202020/image/feature-image/open-interest-nifty.jpg" /> India Vix India VIX fell 4.35 per cent from 22.23 to 21.26 level. The VIX has fallen to the lowest closing point of the week, but needs to further cool down below the 20-18 zone to help the bulls get a grip for the next leg of rally. Derivative Data   <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"> Symbol </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"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </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"> Pre. Max Pain </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"> PCR (OI) </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"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 22500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> - </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.80 </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"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 11400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> - </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.46 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2011th%20September%202020/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%2011th%20September%202020/image/feature-image/nify-cycles.PNG" /> Conclusion Now a major support for nifty seems to be 11300. If nifty sustains this we can see some bull movement otherwise some sell-off can take nifty towards 11000. Bank Nifty is underperforming nifty. The Indo-China border tension can give a VIX surge that may bring uncertainty in the market. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: 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. Recommended Read: <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>  <gdiv></gdiv>

Page 1 of 33.