Blogs

Kumar Chandan

Bank Nifty & Nifty Analysis
June 1, 2021, 9:27 p.m.

Bank Nifty and Nifty Analysis for 2nd June 2021

Nifty opened positive and made a new lifetime high of 15,660, but it was unable to hold at higher levels and drifted towards the 15,528 marks. Bank Nifty opened positive but failed to hold above 35,700 level and remained negative to rangebound through the day. It failed to continue its positive streak of the last four sessions and closed the session in the negative with a loss of around 190 points. Let’s check the data and do the analysis for Bank Nifty and Nifty for 2nd June 2021 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 35337.20 on spot on 1st June 2021. On the options front, maximum Put open interest was at 34,000 followed by 35,000 levels, while maximum Call OI was at 35,500 followed by 36,000 levels. The call writing has been seen at 35500 and 35400 levels whereas 35200 and 35300 witnessed significant put writing. 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. The trading range seems to be 34500 to 36000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%202nd%20June%202021/image/blogs-image/change-open-interest-bnf.jpg" /> 1. Highest Call at 35,500.  2. Highest Put at 34,000.  3. Pivot Level at 35,500. The Highest call acts as the highest resistance and the 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 lose it easily. Tug of the war goes around the pivot level between bulls and bears generally.  <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%202nd%20June%202021/image/feature-image/open-interest-bnf.jpg" style="height:480px; width:640px" /> Trading Range Of Nifty Nifty has given closing at 15574.85 on spot on 1st June 2021. On the options front, Maximum Put Open Interest was seen at 15,000 level followed by 15,400, while maximum Call OI was seen at 16,000 level followed by 15600. Call writing was seen at 15,650 and 15,600 strikes, while Put writing was seen at 15,500 then 15,600 levels. The Option data suggests a trading range between 15,400 and 15,650 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%202nd%20June%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 16000.  2.  Highest Put at 15,000.  3. Pivot Level at 15,600. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%202nd%20June%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX moved up 2.95 percent to 17.38 level. The fear gauge is near its lowest point in 65 weeks since February 2020 and a Falling VIX could extend the bullish market momentum towards the new high territory. 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"> 35300 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 35300 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.72 </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"> 15550 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 15500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.31 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%202nd%20June%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%202nd%20June%202021/image/feature-image/nify-cycles.PNG" /> Conclusion One can keep positive bias on the market and utilize the decline for a buyer. 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>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 31, 2021, 10 p.m.

Bank Nifty and Nifty Analysis for 1st June 2021

Nifty opened flat, and after seeing a slight dip in the initial hour, the bulls pulled the index back and it escalated throughout the day. The index touched yet another lifetime high of 15,606 and closed the session near the day’s high point, with a gain of around 150 points. Bank Nifty opened slightly negative and after touching a low of 34,930, it recovered and crossed the previous day’s high. Banking stocks managed to lift the index above the 35,500 level at its highest daily close of the 51 sessions with gains of around 400 points. Let’s check the data and do the analysis for Bank Nifty and Nifty for 1st June 2021 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 35526.65 on spot on 31st May 2021. On the options front, maximum Put open interest was at 35,000 followed by 34,000 levels, while maximum Call OI was at 35,500 followed by 36,000 levels. The call writing has been seen at 35500 and 35600 levels whereas 35500 and 35400 witnessed significant put writing. 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. The trading range seems to be 34500 to 36000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%201st%20June%202021/image/blogs-image/change-open-interest-bnf.jpg" /> 1. Highest Call at 35,500.  2. Highest Put at 35,000.  3. Pivot Level at 35,500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%201st%20June%202021/image/feature-image/open-interest-bnf.jpg" /> The Highest call acts as the highest resistance and the 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 lose it easily. Tug of the war goes around the pivot level between bulls and bears generally.   Trading Range Of Nifty Nifty has given closing at 15582.80 on spot on 31st May 2021. On the options front, Maximum Put Open Interest was seen at 15,400 level followed by 15,500, while maximum Call OI was seen at 16,000 level followed by 15700. Call writing was seen at 15,650 and 15,700 strikes, while Put writing was seen at 15,500 then 15,600 levels. Options data suggests a trading range between 15,500 and 15,700 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%201st%20June%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 16000.  2.  Highest Put at 15,400.  3. Pivot Level at 15,500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%201st%20June%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX fell 2.96 percent to 16.88 levels. The fear gauge was at the lowest level in 65 weeks since February 2020 and a falling VIX is likely to extend the bullish market momentum towards the higher territory. 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"> 35300 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 35000 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.93 </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"> 15500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 15400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.51 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%201st%20June%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%201st%20June%202021/image/feature-image/nify-cycles.PNG" /> Conclusion One can keep positive bias on the market and utilize the decline for a buyer. 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>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 30, 2021, 9:12 p.m.

Bank Nifty and Nifty Analysis for 31st May 2021

Nifty opened with a gap up and the bulls cheered the Street to help Nifty hit an all-time high of 15,469 marks on the first day of the June F&O series. The index took support near the 15,400 level and yet again saw the highest daily close at 15,435 with gains of around 100 points. Bank Nifty opened with a gap up and touched a high of 35,436 level during the day, but couldn’t hold and witnessed volatility during the session. It saw the highest daily close of the last 49 sessions and settled with a marginal gain of around 50 points.   Let’s check the data and do the analysis for Bank Nifty and Nifty for 31st May 2021 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 35141.45 on spot on 28th May 2021. On the options front, maximum Put open interest was at 35,000 followed by 34,500 levels, while maximum Call OI was at 35,500 followed by 36,000 levels. The call writing has been seen at 35200 and 35300 levels whereas 35000 and 35200 witnessed significant put writing. 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. The trading range seems to be 34500 to 36000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2031st%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /> 1. Highest Call at 35,500.  2. Highest Put at 35,000.  3. Pivot Level at 35,000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2031st%20May%202021/image/feature-image/open-interest-bnf.jpg" /> The Highest call acts as the highest resistance and the 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 lose it easily. Tug of the war goes around the pivot level between bulls and bears generally.   Trading Range Of Nifty Nifty has given closing at 15435.65 on spot on 28th May 2021. On the options front, Maximum Put Open Interest was seen at 15,300 level followed by 15,000, while maximum Call OI was seen at 16,000 level followed by 15500. Call writing was seen at 15,600 and 15,400 strikes, while Put writing was seen at 15,400 then 15,500 levels. Options data suggests a trading range between 15,300 and 15,500 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2031st%20May%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 15500.  2.  Highest Put at 15,300.  3. Pivot Level at 15,400. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2031st%20May%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX cooled down by 12.59 percent to 17.40 level. India VIX is at the lowest level of the last 65 weeks since February 2020 after its biggest single-day drop since November 25, 2020. A falling VIX is likely to extend the bullish market momentum towards a new high. 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"> 35000 </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"> 0.75 </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"> 15400 </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"> 1.32 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2031st%20May%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2031st%20May%202021/image/feature-image/nify-cycles.PNG" /> Conclusion One can keep positive bias on the market and utilize the decline for a buyer. 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>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 26, 2021, 8:59 p.m.

Bank Nifty and Nifty Analysis for 27th May 2021

The Nifty index opened with a gap up at 15,291 levels on Wednesday, but witnessed pressure at higher zones and consolidated in a broader range. The Bank Nifty opened on a positive note, but could not cross its previous day’s highs and moved in a range throughout the day. Let’s check the data and do the analysis for Bank Nifty and Nifty for 27th May 2021 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 34684.20 on spot on 26th May 2021. On the options front, maximum Put open interest was at 34,500 followed by 34,000 levels, while maximum Call OI was at 35,000 followed by 36,000 levels. The call writing has been seen at 34900 and 34800 levels whereas 34800 and 34700 witnessed significant put writing. 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. The trading range seems to be 34000 to 35000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2027th%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /> 1. Highest Call at 35,000.  2. Highest Put at 34,500.  3. Pivot Level at 34,700. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2027th%20May%202021/image/feature-image/open-interest-bnf.jpg" /> The Highest call acts as the highest resistance and the 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 lose it easily. Tug of the war goes around the pivot level between bulls and bears generally.   Trading Range Of Nifty Nifty has given closing at 15301.45 on spot on 26th May 2021. On the options front, Maximum Put Open Interest was seen at 15,000 level followed by 14,500, while maximum Call OI was seen at 15,500 level followed by 15300. Call writing was seen at 15,300 and 15,350 strikes, while Put writing was seen at 15,200 then 15,100 levels. Options data suggests a trading range between 15,000 and 15,400 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2027th%20May%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 15500.  2.  Highest Put at 15,000.  3. Pivot Level at 15,300. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2027th%20May%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX declined by 1.50 percent to 18.84 levels. India VIX needs to hold below 20 zones to extend the bullish market momentum towards new lifetime territory. 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"> 34500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 34100 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.06 </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"> 15200 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 15100 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.38 </td> </tr> </tbody> </table>   Trend Cycles (EOD)     Conclusion One can keep positive bias on the market and utilize the decline for a buyer. 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>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 23, 2021, 9:26 p.m.

Bank Nifty and Nifty Analysis for 24th May 2021

Nifty opened positive near the 15,000 level and witnessed sustain buying interest throughout the day. It crossed the psychologically important 15,000 marks and headed to the 15,190 level after a slight correction in the last two sessions. Bank Nifty opened positive and buying interest in all the banking stocks pulled the index towards 34,700 level. Let’s check the data and do the analysis for Bank Nifty and Nifty for 24th May 2021 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 34606.90 on spot on 21st May 2021. On the options front, maximum Put open interest was at 33,000 followed by 34,000 levels, while maximum Call OI was at 35,000 followed by 36,000 levels. The call writing has been seen at 34700 and 34800 levels whereas 34500 and 34600 witnessed significant put writing. 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. The trading range seems to be 34000 to 35500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2024th%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /> 1. Highest Call at 35,000.  2. Highest Put at 33,000.  3. Pivot Level at 34,500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2024th%20May%202021/image/feature-image/open-interest-bnf.jpg" /> The Highest call acts as the highest resistance and the 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 lose it easily. The tug of the war goes around the pivot level between bulls and bears generally.   Trading Range Of Nifty Nifty has given closing at 15175.30 on spot on 21st May 2021. On the options front, maximum Put Open Interest stood at 14,000 level followed by 14,500, while maximum Call OI was seen at 15,500 followed by 16,000 levels. Call writing was seen at strike prices 15,700 and 15,600 and Put writing at 15,000 and 15,100. Options data suggested a broader trading range between 14,800 and 15,400 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2024th%20May%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 15500.  2.  Highest Put at 14,500.  3. Pivot Level at 15,100. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2024th%20May%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX fell 2.90 percent to 19.08 level. India VIX needs to hold below 20 levels to extend the bullish market momentum towards a new lifetime high. 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"> 34100 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 33500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.06 </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"> 15000 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 15000 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.38 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2024th%20May%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2024th%20May%202021/image/feature-image/nify-cycles.PNG" /> Conclusion The buying has been seen in the dips. So, if there any correction comes in the market that can be used as a buying opportunity.   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>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 20, 2021, 9:35 p.m.

Bank Nifty and Nifty Analysis for 21st May 2021

Nifty opened flattish but failed to hold above 15,050 level as profit booking kicked in and continued through the day. The index breached the crucial support at the psychologically important 15,000 marks and corrected towards the 14,884 level. Bank Nifty opened flat, but failed to hold above 33,750 level and fell towards the 33,300 marks. Let’s check the data and do the analysis for Bank Nifty and Nifty for 21st May 2021 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 33334.55 on spot on 20th May 2021. On the options front, maximum Put open interest was at 33,000 followed by 32,000 levels, while maximum Call OI was at 34,000 followed by 33,500 levels. The call writing has been seen at 33500 and 33400 levels whereas 33000 and 33100 witnessed significant put writing. 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. The trading range seems to be 33000 to 34000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2021st%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /> 1. Highest Call at 34,000.  2. Highest Put at 33,000.  3. Pivot Level at 33,000. The Highest call acts as the highest resistance and the 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 lose it easily. The tug of the war goes around the pivot level between bulls and bears generally.  <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2021st%20May%202021/image/feature-image/open-interest-bnf.jpg" /> Trading Range Of Nifty Nifty has given closing at 14906.05 on spot on 20th May 2021. On the options front, maximum Put Open Interest stood at 14,000 level followed by 14,500 while maximum Call OI was seen at 15,000 level followed by 15,500. Call writing was seen at strike prices 15,000 and 15,500 while there was Put writing at 14,900 and 15,000 levels. Options data suggested a broader trading range between 14,800 and 15,050 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2021st%20May%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 15300.  2.  Highest Put at 14,900.  3. Pivot Level at 15,000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2021st%20May%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX moved up 1.72% from 19.31 to 19.65 levels. The fear gauge needs to hold below 20 levels to extend the bullish market momentum. 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"> 33500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 33500 </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"> 14900 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 15000 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.11 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2021st%20May%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2021st%20May%202021/image/feature-image/nify-cycles.PNG" /> Conclusion The market is witnessing the profit booking at a higher level and some short covers are seen in the lower levels so, you must look for your profit booking on the rise. 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>

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