<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">Nifty opened negative and remained in a range of 100 points as buying emerged on declines throughout the day and closed the session with a gain of around 70 points.</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">Bank Nifty opened negative and moved sideways and is witnessing some underperformance over the past few sessions. The banking index did not see much momentum and settled the day flat with a loss of around 30 points.</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">Le</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">t’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">12</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"> February </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">202</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">1</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> 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 </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">P</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">ain 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">Bank Nifty Option Front</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>35752.10 </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 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">11</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"> February </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>202</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>1</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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">35</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><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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">34</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"> levels, while maximum Call OI was at </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">36</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></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">0</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">00 </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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">36</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">00 </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">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">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>35800 </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>35700 </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>35500 </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>35700 </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">writing</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></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/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20February%202021/image/blogs-image/change-open-interest-bnf.jpg" /></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">Trading Range Of Bank Nifty</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. The 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>35000 </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>37000</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="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">1. Highest Call at </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">36</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">,</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">0</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">00. </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">2. Highest Put at </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">34,0</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">00. </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">3. Pivot Level at </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">35,7</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">00.</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">Highest call </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">highest resistance</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">highest put </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">highest support</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">Pivot level</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/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20February%202021/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">Trading Range Of Nifty</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">15173</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">.3</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">0 </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 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"> 11</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"> February </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>202</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>1</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 was seen at strike price 14,000 followed by 13,500 while maximum Call OI was at 16,000 followed by 15,500. There was Put writing at strike prices 14,500 and 15,000 while Call writing was seen at 16,300 and 16,100 levels. Options data suggested a wider trading range between 14,500 and 15500 levels, while the immediate range is seen between 15,000 and 15,300 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/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20February%202021/image/blogs-image/change-open-interest-nifty.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">1. Highest Call at </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">15500</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">. </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">2. Highest Put at </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">14,000</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">. </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">3. Pivot Level at </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">15,100</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">.</span></span></span></span></strong></span></span></p> <p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20February%202021/image/feature-image/open-interest-nifty.jpg" /></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">India VIX</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 cooled down </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>3.78</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"> per cent5 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:#000000"><strong>23.04</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. Now, it needs to cool down and hold below 20 levels for the continuation of the ongoing momentum with a higher market base.</span></span></span></span></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">Derivative Data</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">35700</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></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">0.89</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">15150</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></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">1.36</span></span></span></p> </td> </tr> </tbody> </table> <p style="text-align:left"> </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">Trend Cycles (EOD)</span></span></span></strong></span></p> <p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20February%202021/image/blogs-image/bnf-cycles.PNG" /></p> <p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20February%202021/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">Conclusion</span></span></span></strong></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">The major trend is positive and a decline could be bought again. India VIX was up but the bullish undertone of the market is intact. The put-call ratio has increased with put writing at immediate strikes.</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:#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</span></span></span></span> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">can also join it and can generate OI images for free.</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">Disclaimer:</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"><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:#4c4c4c"><strong>Recommended Read:</strong></span></span></span></span></strong></span></span></p> <p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"> </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/2020/05/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"> </p> <p style="margin-right:18px; text-align:left"> </p> <gdiv></gdiv>
<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">Nifty opened with a gap-up above the 15,000 level and traded well at higher levels. It again touched a new lifetime high of 15,159 during the session. It moved in a range of 100 points and concluded the session with a gain of around 200 points.</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">Bank Nifty opened with a gap up, but moved quite steadily during the session. It moved sideways and consolidated for most part of the day. The banking index did not surpass the previous day’s high, but ended the day with a gain of around 330 points.</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">Le</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">t’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">9</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"> February </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">202</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">1</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> 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">Bank Nifty Option Front</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>35983.65 </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 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">8</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"> February </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>202</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>1</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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">34</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><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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">34</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>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, while maximum Call OI was at </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">37</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></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">0</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">00 </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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">36</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>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">00 </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>35500 </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>35700 </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>35500 </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>36000 </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">writing</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></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%209th%20February%202021/image/blogs-image/change-open-interest-bnf.jpg" /></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">Trading Range Of Bank Nifty</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>35000 </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>37000</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="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">1. Highest Call at </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">37</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">,</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">0</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">00. </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">2. Highest Put at </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">34,0</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">00. </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">3. Pivot Level at </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">36,0</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">00.</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">Highest call </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">highest resistance</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">highest put </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">highest support</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">Pivot level</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%209th%20February%202021/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">Trading Range Of Nifty</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">15115</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">.</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">80 </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 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"> 8</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"> February </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>202</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>1</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 14,000 level, followed by 14,500, while maximum Call OI stood at 15,500 followed by 15,300 levels. Call liquidation was seen at 14,900 and then 15,000 levels, while there was Put writing at strike prices 15,000 and 15,100. Options data suggested an immediate trading range between 15,000 and 15,200 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%209th%20February%202021/image/blogs-image/change-open-interest-nifty.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">1. Highest Call at </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">15500</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">. </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">2. Highest Put at </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">14,000</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">. </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">3. Pivot Level at </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">15,100</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">.</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"><img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%209th%20February%202021/image/feature-image/open-interest-nifty.jpg" /></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">India VIX</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 surged</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> 2.30</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"> per cent 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:#000000"><strong>23.95</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"> level. Now, VIX needs to cool down and hold below </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>20</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"> level for the continuation of the ongoing momentum with a higher market base.</span></span></span></span></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">Derivative Data</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">35800</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">35500</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">1.02</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">15000</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">14900</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">1.52</span></span></span></p> </td> </tr> </tbody> </table> <p style="text-align:left"> </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">Trend Cycles (EOD)</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%209th%20February%202021/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%209th%20February%202021/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">Conclusion</span></span></span></strong></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">The major trend is positive, and any decline could be rebought. India VIX was up but the bullish undertone of the market is intact. The put-call ratio has increased with put writing at immediate strikes.</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:#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</span></span></span></span> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">can also join it and can generate OI images for free.</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">Disclaimer:</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"><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:#4c4c4c"><strong>Recommended Read:</strong></span></span></span></span></strong></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/2020/05/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>again another time, repeating More (Definitions, Synonyms, Translation)</p> <gdiv></gdiv>
<p><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">JSW Steel</span></span></span> <span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">is the stock that we are going to analyse today based on </span></span></span><a href="https://www.mainebolatha.in/2020/01/how-do-i-analyse-open-interest.html"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#3faaff">Open Interest and Change in Open Interest</span></span></span></a><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444"> for swing as well as Intraday Trade. We also check the Trend Cycles of it. Before this, we have analyzed </span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Kotak Bank</span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#3faaff"> : <a href="https://www.mainebolatha.in/2021/01/kotak-bank-analysis-based-on-open-interest-and-trend-cycles-for-intraday-and-swing-trading/" target="_blank">You can check here.</a></span></span></span></span></p> <p> </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">JSW Steel</span></span></span></span></strong><strong> </strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Option Front :</span></span></span></span></strong><br /> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">JSW Steel</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 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>403.0 </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">on 5</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">February 2021. Highest call open interest is 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>400 </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">strike price, 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>410 </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 highest Open interest at put side is 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>350 </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">strike 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>360</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">. Good call addition 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>410</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>420 </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">strikes.</span></span></span></span></span></span></p> <p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/JSW%20Steel%20-%20Analysis%20Based%20on%20Open%20Interest%20and%20Trend%20Cycles%20for%20Intraday%20and%20Swing%20Trading/image/blogs-image/change-jsw.jpg" /></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">Trading Range Of JSW Steel</span></span></span></span></strong></span></span></p> <p style="text-align:left"><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 JSW Steel. For this purpose, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the JSW Steel. Trading range seems to be 380 to 440.</span></span></span></span></span></span></p> <p> </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">1. Highest Call at </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">410</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">. </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">2. Highest Put at 350. </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">1. Pivot Strike at 400.</span></span></span></span></strong></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">Highest call </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 highest resistance 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">highest put </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">will act as the highest support for the stocks.</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/JSW%20Steel%20-%20Analysis%20Based%20on%20Open%20Interest%20and%20Trend%20Cycles%20for%20Intraday%20and%20Swing%20Trading/image/feature-image/jsw-oi.jpg" /></span></span></span></span></span></span></p> <p><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Trend Cycles</span></span></span></strong></span></p> <p><img alt="" src="https://www.mainebolatha.in/media/Blog/JSW%20Steel%20-%20Analysis%20Based%20on%20Open%20Interest%20and%20Trend%20Cycles%20for%20Intraday%20and%20Swing%20Trading/image/blogs-image/jsw-trend-cycles.PNG" /></p> <p><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">Conclusion:</span></span></span></span></strong></span></p> <p style="text-align:left"><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">JSW Steel</span></span></span></span> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">is near a very important </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">level </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">that is </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">400</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">. If it sustains </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">above </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>400 </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">then some move towards </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>410, 420 </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>450 </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">can be seen. And </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 </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">if </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">un</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">able to </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">sustain</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> above</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 </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">support </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">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>400</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:#444444">some sell-off can take it towards </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>390 and 380</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><br /> <br /> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">This may take 6 to 7 trading days to happen. JSW Steel</span></span></span></span> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">looks strong in the trend cycles with long build-ups. A few more long may take JSW Steel to 420 else if JSW steel may go towards 380. These all depends on the pivot level </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>400 </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">as it is the make </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">or </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">break level for the JSW Steel.</span></span></span></span></span></span></p> <p style="text-align:left"> </p> <p style="text-align:left"> </p> <table align="center" cellspacing="0" class="Table" style="border-collapse:collapse; border:none; font-family:"Times New Roman"; font-size:14px"> <tbody> <tr> <td style="background-color:#ffffff; border-bottom:none; border-left:none; border-right:none; border-top:none; vertical-align:top; width:690px"> <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">Disclaimer:</span></span></span></strong><span style="font-size:12.0000pt"><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></p> </td> </tr> </tbody> </table> <p style="text-align:left"> </p> <p style="text-align:left"><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"> You can check here</span></span></span></span><a href="https://www.mainebolatha.in/search/label/Bank Nifty & Nifty Analysis?max-results=20"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"> Daily Nifty and Bank Nifty Analysis.</span></span></span></span></a></span></span></p> <p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><a href="https://www.mainebolatha.in/search/label/Meet a Pro Trader?&max-results=9"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff">Learn From Pro traders</span></span></span></span></a></span></span></p> <p> </p> <gdiv></gdiv>
<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">Nifty opened on a positive note and marked the day’s high in the first hour of the day and </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">tested its own historical mark of 15,000 and saw a corrective retracement before ending with a modest gain</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">. After that, it pared all its opening gains to dip modestly in the negative. It recovered again to trade in the green but never really made any major move on either side.</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">Bank Nifty made a gap-up opening and made a new life-time high of 36,615 but could not sustain at higher levels. It cascaded and ended the day with a gain of around 300 points, but lost all its intraday swing of 1,000 points from higher zones</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">.</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">Le</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">t’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">8</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"> February </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">202</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">1</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> 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">Bank Nifty Option Front</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>35654.50 </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 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">5</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"> February </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>202</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>1</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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">34</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><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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">35</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"> levels, while maximum Call OI was at </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">37</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></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">0</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">00 </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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">36</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>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">00 </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>35500 </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>35300 </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>35500 </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>35000 </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">writing</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></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">Trading Range Of Bank Nifty</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>34000 </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>37000</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%208th%20February%202021/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">1. Highest Call at </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">37</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">,</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">0</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">00. </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">2. Highest Put at </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">34,0</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">00. </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">3. Pivot Level at </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">35,5</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">00.</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">Highest call </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">highest resistance</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">highest put </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">highest support</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">Pivot level</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%208th%20February%202021/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">Trading Range Of Nifty</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">14924</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">.</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">25 </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 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"> 5</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"> February </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>202</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>1</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 14,000 level, followed by 14,500, while maximum Call OI stood at 15,500 followed by 15,000 levels. Call writing was seen at 14,900 and then 14,950 levels, while there was Put writing at strike prices 14,900 and 14,800. Options data suggested an immediate trading range between 14,800 and 15,100 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%208th%20February%202021/image/blogs-image/change-open-interest-nifty.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">1. Highest Call at </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">15500</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">. </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">2. Highest Put at </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">14,500</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">. </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">3. Pivot Level at </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">14,900</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">.</span></span></span></span></strong></span></span></p> <p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%208th%20February%202021/image/feature-image/open-interest-nifty.jpg" /></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">India VIX</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 surged 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:#000000"><strong>1.28</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"> per cent 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:#000000"><strong>23.41. </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">Now, the VIX index needs to cool down and hold below 20 zones for continuation in the ongoing momentum with a higher market base.</span></span></span></span></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">Derivative Data</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">35500</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">34600</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">1.17</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">14900</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">14800</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">1.41</span></span></span></p> </td> </tr> </tbody> </table> <p style="text-align:left"> </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">Trend Cycles (EOD)</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%208th%20February%202021/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%208th%20February%202021/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">Conclusion</span></span></span></strong></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">The major trend is positive, and any decline could be rebought. India VIX was up but the bullish undertone of the market is intact. The put-call ratio has increased with put writing at immediate strikes.</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:#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</span></span></span></span> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">can also join it and can generate OI images for free.</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">Disclaimer:</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"><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:#4c4c4c"><strong>Recommended Read:</strong></span></span></span></span></strong></span></span></p> <p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"> </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/2020/05/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"> </p> <p style="margin-right:18px; text-align:left"> </p> <gdiv></gdiv>
<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">Nifty opened flat and witnessed some profit booking in the initial hour, but that dip got bought into smartly during the rest of the session and took the index towards the 14,900 level. The session ended with some consolidation, and gains of around 100 points to its highest-ever close.</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">Bank Nifty opened negative, but managed to hold support at 34,250 level and the bullish momentum in all the banking stocks drove the index above the 35,400 mark. There was bullishness across the sector and the index closed with a gain of around 600 points</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">.</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">Le</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">t’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">5</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"> February </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">202</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">1</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> 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">Bank Nifty Option Front</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>35244.80 </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 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">4</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"> February </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>202</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>1</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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">34</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><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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">35</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"> levels, while maximum Call OI was at </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">36</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></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">0</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">00 </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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">35</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>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">00 </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">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">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>34500 </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>34300 </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>34500 </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>35000 </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">writing</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></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%205th%20February%202021/image/blogs-image/change-open-interest-bnf.jpg" /></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">Trading Range Of Bank Nifty</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>34500 </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>36000</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="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">1. Highest Call at </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">36</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">,</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">0</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">00. </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">2. Highest Put at </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">34,0</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">00. </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">3. Pivot Level at </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">35,0</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">00.</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">Highest call </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">highest resistance</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">highest put </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">highest support</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">Pivot level</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%205th%20February%202021/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">Trading Range Of Nifty</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">14895</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">.</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">65 </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 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"> 4</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"> February </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>202</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>1</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 14,500 level, followed by 14,700, while maximum Call OI stood at 15,000 followed by 15,500 levels. Call writing was seen at 14,900 and then 15,000 levels, while there was Put writing at strike prices 14,800 and 14,700. Options data suggested an immediate trading range between 14,800 and 15,100 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%205th%20February%202021/image/blogs-image/change-open-interest-nifty.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">1. Highest Call at </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">15000</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">. </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">2. Highest Put at </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">14,500</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">. </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">3. Pivot Level at </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">14,900</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">.</span></span></span></span></strong></span></span></p> <p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%205th%20February%202021/image/feature-image/open-interest-nifty.jpg" /></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">India VIX</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 cooled off</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> 2.60</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"> per cent 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:#000000"><strong>23.12</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"> level. Now, VIX needs to cool down and hold below 20 level for continuation of the ongoing momentum at a higher market base.</span></span></span></span></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">Derivative Data</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">34600</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">34000</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">1.28</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">14800</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">14700</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">1.14</span></span></span></p> </td> </tr> </tbody> </table> <p style="text-align:left"> </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">Trend Cycles (EOD)</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%205th%20February%202021/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%205th%20February%202021/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">Conclusion</span></span></span></strong></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">The market has turned bullish as the range of the market, resistance, support and pivot strikes have been shifted up.</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:#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</span></span></span></span> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">can also join it and can generate OI images for free.</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">Disclaimer:</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"><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:#4c4c4c"><strong>Recommended Read:</strong></span></span></span></span></strong></span></span></p> <p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"> </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/2020/05/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"> </p> <p style="margin-right:18px; text-align:left"> </p> <gdiv></gdiv>
<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">Nifty opened with gap up, continued the winning streak for the third consecutive session and touched yet another lifetime high of 14,868. The second half of the session saw some consolidation and the index finally closed with a gain of around 140 points.</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">Bank Nifty opened with a gap up and continued its upward journey to touch 34,908 level. Banking stocks soared higher and held the rate-sensitive index at higher levels. It closed with a gain of around 500 points</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">.</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">Le</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">t’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">4</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"> February </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">202</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">1</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> 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">Bank Nifty Option Front</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>34758.45 </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 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">3</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">rd</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"> February </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>202</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>1</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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">33</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><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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">34</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"> levels, while maximum Call OI was at </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">35</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></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">0</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">00 </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><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">36</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">00 </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>34500 </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>34000 </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>34500 </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>34700 </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">writing</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></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%204th%20February%202021/image/blogs-image/change-open-interest-bnf.jpg" /></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">Trading Range Of Bank Nifty</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>34000 </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>35500</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="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">1. Highest Call at </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">35</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">,</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">0</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">00. </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">2. Highest Put at </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">33,0</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">00. </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">3. Pivot Level at </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">34,5</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">00.</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">Highest call </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">highest resistance</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">highest put </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">highest support</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">Pivot level</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%204th%20February%202021/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">Trading Range Of Nifty</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">14789</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">.</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">95 </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 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"> 3</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">rd</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"> February </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>202</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>1</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 14,500 level, followed by 14,700, while maximum Call OI stood at 15,000 followed by 14,800 levels. Call writing was seen at 14,850 and then 14,950 levels, while there was Put writing at strike prices 14,500 and 14,600. Options data suggested an immediate trading range between 14,800 and 14,700 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%204th%20February%202021/image/blogs-image/change-open-interest-nifty.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">1. Highest Call at </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">15000</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">. </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">2. Highest Put at </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">14,500</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">. </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">3. Pivot Level at </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">14,800</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">.</span></span></span></span></strong></span></span></p> <p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/Nifty%20and%20Bank%20Nifty%20Analysis%20for%204th%20February%202021/image/feature-image/open-interest-nifty.jpg" /></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">India VIX</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 rose </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>1.74</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"> per cent 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:#000000"><strong> 23.74</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. Now, it needs to cool down and hold below 20 level for a continuation in the ongoing momentum.</span></span></span></span></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">Derivative Data</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">34000</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">33500</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">1.54</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">14700</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">14500</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">1.45</span></span></span></p> </td> </tr> </tbody> </table> <p style="text-align:left"> </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">Trend Cycles (EOD)</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%204th%20February%202021/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%204th%20February%202021/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">Conclusion</span></span></span></strong></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">The market has turned bullish as the range of the market, resistance, support and pivot strikes have been shifted up.</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:#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</span></span></span></span> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">can also join it and can generate OI images for free.</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">Disclaimer:</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"><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:#4c4c4c"><strong>Recommended Read:</strong></span></span></span></span></strong></span></span></p> <p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"> </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/2020/05/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> <gdiv></gdiv>