Bank Nifty & Nifty Analysis

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Kumar Chandan

Bank Nifty & Nifty Analysis
May 17, 2021, 9:11 p.m.

Bank Nifty and Nifty Analysis for 18th May 2021

Nifty opened with a gap up above 14,750 level and moved in the northward direction throughout the session. Bank Nifty opened with a gap up and moved above 33,500 level during the session. The bulls ruled the banking stocks and the index saw its highest daily close in 10 sessions. Let’s check the data and do the analysis for Bank Nifty and Nifty for 18th May 2021 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max Pain, and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 33459.25 on spot on 17th May 2021. On the options front, maximum Put open interest was at 32,000 followed by 33,000 levels, while maximum Call OI was at 35,000 followed by 33,500 levels. The call unwinding has been seen at 32200 and 33000 levels whereas 33500 and 33000 witnessed significant put writing. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2018th%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /> Trading Range Of Bank Nifty Now time to find out the trading range of the bank nifty. Trading Range is a general range between the highest call strike and highest put strike. To find the range, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Bank Nifty. The trading range seems to be 33000 to 35000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2018th%20May%202021/image/feature-image/open-interest-bnf.jpg" /> 1. Highest Call at 35,000.  2. Highest Put at 32,000.  3. Pivot Level at 33,000. The highest call acts as the highest resistance and the highest put acts as the highest support for the Nifty and bank nifty. Pivot level is the level that bulls and bears don’t want to let go of ease. The tug of the war goes around the pivot level between bulls and bears generally.   Trading Range Of Nifty Nifty has given closing at 14923.15 on spot on 17th May 2021. On the options front, maximum Put Open Interest was seen at 14,700 level followed by 14,500 while maximum Call OI stood at 15,000 level followed by 15,100. Call unwinding was seen at strike prices 14,800 and 14,700 while there was Put writing at 14,700 and 14,800 levels. Options data suggested a wider trading range between 14,800 and 15,050 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2018th%20May%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 15000.  2.  Highest Put at 14,700.  3. Pivot Level at 14,800. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2018th%20May%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX fell 3.27 percent to 19.60 level. India VIX is at the lowest level of 2021, as it has recorded the lowest close of the last 87 sessions since January 1, 2021. Derivative Data   <table cellspacing="0" class="Table" style="border-collapse:collapse; border:none; font-family:"Times New Roman"; font-size:14px"> <tbody> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> Symbol </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:114px"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:169px"> Pre. Max Pain </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> PCR (OI) </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 33000 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 32400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.44 </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 14800 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 14700 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.4 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2018th%20May%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2018th%20May%202021/image/feature-image/nify-cycles.PNG" /> Conclusion The market is witnessing the profit booking at a higher level and some short covers are seen in the lower levels so, you must look for your profit booking on the rise. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: The analysis has been prepared for informational and educational purposes only. It is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Recommended Read:   <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 16, 2021, 8:03 p.m.

Bank Nifty and Nifty Analysis for 17th May 2021

Nifty opened positive but failed to surpass a key hurdle at 14,750 level and cascaded throughout the day. Finally, the index witnessed some recovery from lower levels and managed to close on a flat note below the 14,700 marks. Bank Nifty opened flat and traded with a negative to rangebound bias for the most part of the session. Banking stocks have been facing weakness and pulled the index to test the 32,115 level before it concluded the day with a loss of around 280 points. Let’s check the data and do the analysis for Bank Nifty and Nifty for 17th May 2021 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max Pain, and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 32169.55 on spot on 14th May 2021. On the options front, maximum Put open interest was at 31,000 followed by 30,000 levels, while maximum Call OI was at 32,500 followed by 33,000 levels. The call addition has been seen at 31500 and 32000 levels whereas 32500 and 32300 witnessed significant put unwinding. Trading Range Of Bank Nifty Now time to find out the trading range of the bank nifty. Trading Range is a general range between the highest call strike and highest put strike. To find the range, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Bank Nifty. The trading range seems to be 31000 to 32500. 1. Highest Call at 32,500.  2. Highest Put at 31,000.  3. Pivot Level at 32,000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2017th%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /> The highest call acts as the highest resistance and the highest put acts as the highest support for the Nifty and bank nifty. Pivot level is the level that bulls and bears don’t want to let go of easily. The tug of the war goes around the pivot level between bulls and bears generally.  <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2017th%20May%202021/image/feature-image/open-interest-bnf.jpg" /> Trading Range Of Nifty Nifty has given closing at 14677.80 on spot on 14th May 2021. On the options front, maximum Put Open Interest was seen at 14,000 level followed by 14,500 while maximum Call OI stood at 15,000 level followed by 14,900. Call writing was seen at strike prices 14,800 and 14,700 while there was Put writing at 14,700 and 14,600 levels. Options data suggested a wider trading range between 14,500 and 14,800 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2017th%20May%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 15000.  2.  Highest Put at 14,000.  3. Pivot Level at 14,700. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2017th%20May%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX moved up 0.93 percent to the 20.26 level. India VIX needs to hold below 20 levels to again attract a bullish stance in the market. Derivative Data   <table cellspacing="0" class="Table" style="border-collapse:collapse; border:none; font-family:"Times New Roman"; font-size:14px"> <tbody> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> Symbol </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:114px"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:169px"> Pre. Max Pain </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> PCR (OI) </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 32400 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 32500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.71 </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 14700 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 14800 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.11 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2017th%20May%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2017th%20May%202021/image/feature-image/nify-cycles.PNG" /> Conclusion The market is witnessing the profit booking at a higher level and some short covers are seen in the lower levels so, you must look for your profit booking on the rise. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: The analysis has been prepared for informational and educational purposes only. It is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Recommended Read:   <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 13, 2021, 9:48 p.m.

Bank Nifty and Nifty Analysis for 14th May 2021

Nifty opened negative amid weak global cues and slipped towards 14,650 level witnessed selling pressure. It saw some recovery from lower levels, but the bounce got sold into and the index closed the day with a loss of around 150 points. Bank Nifty opened negative but failed to surpass the 32,750 level and drifted towards the 32,350 marks. It failed to surpass a key hurdle at 33,333 level and now the bears have started pulling the index to lower levels. Let’s check the data and do the analysis for Bank Nifty and Nifty for 14th May 2021 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max Pain, and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 32452.30 on spot on 12th May 2021. On the options front, maximum Put open interest was at 32,000 followed by 32,400 levels, while maximum Call OI was at 32,500 followed by 33,000 levels. The call addition has been seen at 32500 and 32600 levels whereas 32700 and 32800 witnessed significant put unwinding. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2014th%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /> Trading Range Of Bank Nifty Now time to find out the trading range of the bank nifty. Trading Range is a general range between the highest call strike and highest put strike. To find the range, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Bank Nifty. The trading range seems to be 32000 to 32800. 1. Highest Call at 32,500.  2. Highest Put at 32,000.  3. Pivot Level at 32,500. The highest call acts as the highest resistance and the highest put acts as the highest support for the Nifty and bank nifty. Pivot level is the level that bulls and bears don’t want to let go of easily. The tug of the war goes around the pivot level between bulls and bears generally.  <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2014th%20May%202021/image/feature-image/open-interest-bnf.jpg" /> Trading Range Of Nifty Nifty has given closing at 14696.50 on spot on 12th May 2021. On the options front, maximum Put Open Interest was seen at 14,000 level followed by 14,500 while maximum Call OI stood at 15,000 level followed by 14,800. Call writing was seen at strike prices 14,800 and 14,850 while there was Put writing at 14,700 and 14,600 levels. Options data suggested a wider trading range between 14,500 and 14,800 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2014th%20May%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 15000.  2.  Highest Put at 14,000.  3. Pivot Level at 14,700. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2014th%20May%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX moved up 1.26 percent to the 20.08 level. The fear gauge needs to hold below the 20 marks to again attract a bullish stance in the market. Derivative Data   <table cellspacing="0" class="Table" style="border-collapse:collapse; border:none; font-family:"Times New Roman"; font-size:14px"> <tbody> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> Symbol </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:114px"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:169px"> Pre. Max Pain </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> PCR (OI) </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 32500 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 33000 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.88 </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 14800 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 14800 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.28 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2014th%20May%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2014th%20May%202021/image/feature-image/nify-cycles.PNG" /> Conclusion The market is witnessing the profit booking at a higher level and some short covers are seen in the lower levels so, you must look for your profit booking on the rise. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: The analysis has been prepared for informational and educational purposes only. It is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Recommended Read:   <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 11, 2021, 9:57 p.m.

Bank Nifty and Nifty Analysis for 12th May 2021

Nifty opened with a gap down below 14,800 level amid weak global cues, but the bulls took charge from the opening tick and took the index towards the 14,900 marks. Bank Nifty opened with a gap down but managed to hold the 32,500 level and bounced towards the 33,150 marks. Let’s check the data and do the analysis for Bank Nifty and Nifty for 12th May 2021 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max Pain, and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 32872.20 on spot on 11th May 2021. On the options front, maximum Put open interest was at 32,000 followed by 32,500 levels, while maximum Call OI was at 33,500 followed by 33,000 levels. The call addition has been seen at 33100 and 33500 levels whereas 32700 and 32800 witnessed significant put writing. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /> Trading Range Of Bank Nifty Now time to find out the trading range of the bank nifty. Trading Range is a general range between the highest call strike and highest put strike. To find the range, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Bank Nifty. The trading range seems to be 32500 to 33500. 1. Highest Call at 33,500.  2. Highest Put at 32,000.  3. Pivot Level at 33,000. The highest call acts as the highest resistance and the highest put acts as the highest support for the Nifty and bank nifty. Pivot level is the level that bulls and bears don’t want to let go of easily. The tug of the war goes around the pivot level between bulls and bears generally.  <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20May%202021/image/feature-image/open-interest-bnf.jpg" /> Trading Range Of Nifty Nifty has given closing at 14850.75 on spot on 11th May 2021. On the options front, maximum Put Open Interest was seen at 14,800 level followed by 14,500 while maximum Call OI stood at 15,000 level followed by 15,100. Call writing was seen at strike prices 14,800 and 14,850 while there was Put unwinding at 14,900 and 15,000 levels. Options data suggested a wider trading range between 14,800 and 15,000 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20May%202021/image/blogs-image/change-open-interest-nifty.jpg" /> 1.  Highest Call at 15000.  2.  Highest Put at 14,800.  3. Pivot Level at 14,850. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20May%202021/image/feature-image/open-interest-nifty.jpg" /> India VIX India VIX fell 1.98 percent to 19.83 level. India VIX needs to hold below 20 levels to again attract a bullish stance. Derivative Data   <table cellspacing="0" class="Table" style="border-collapse:collapse; border:none; font-family:"Times New Roman"; font-size:14px"> <tbody> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> Symbol </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:114px"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:169px"> Pre. Max Pain </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> PCR (OI) </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 33000 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 33000 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.90 </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 14800 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 14900 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.27 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20May%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2012th%20May%202021/image/feature-image/nify-cycles.PNG" /> Conclusion The market is witnessing the profit booking at a higher level and some short covers are seen in the lower levels so, you must look for your profit booking on the rise. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: The analysis has been prepared for informational and educational purposes only. It is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Recommended Read:   <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 10, 2021, 9:15 p.m.

Bank Nifty and Nifty Analysis for 10th May 2021

Nifty opened with a gap up above 14,900 level and traded in a 70-point range throughout the day. The index moved in the positive territory and sustained at a higher level before concluding the day. Bank Nifty opened with a gap up and moved in a narrow range as it held above 33,000 level. Let’s check the data and do the analysis for Bank Nifty and Nifty for 11th May 2021 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max Pain, and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 33142.40 on spot on 10th May 2021. On the options front, maximum Put open interest was at 33,000 followed by 32,500 levels, while maximum Call OI was at 33,500 followed by 34,000 levels. The call addition has been seen at 33200 and 33500 levels whereas 33000 and 32500 witnessed significant put writing. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2010th%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /> Trading Range Of Bank Nifty Now time to find out the trading range of the bank nifty. Trading Range is a general range between the highest call strike and highest put strike. To find the range, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Bank Nifty. The trading range seems to be 33000 to 33500. 1. Highest Call at 33,500.  2. Highest Put at 33,000.  3. Pivot Level at 33,200. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2010th%20May%202021/image/feature-image/open-interest-bnf.jpg" /> The highest call acts as the highest resistance and the highest put acts as the highest support for the Nifty and bank nifty. Pivot level is the level that bulls and bears don’t want to let go of easily. The tug of the war goes around the pivot level between bulls and bears generally.   Trading Range Of Nifty Nifty has given closing at 14942.35 on spot on 10th May 2021. On the options front, maximum Put Open Interest was seen at 14,500 level followed by 14,900 while maximum Call OI stood at 15,500 level followed by 15,200. Call writing was seen at strike prices 14,700 and 15,000 while there was Put writing at 14,900 and 14,700 levels. Options data suggested a wider trading range between 14,900 and 15,100 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2010th%20May%202021/image/blogs-image/open-interest-nifty.jpg" /> 1.  Highest Call at 15500.  2.  Highest Put at 14,500.  3. Pivot Level at 15,000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2010th%20May%202021/image/feature-image/change-open-interest-nifty.jpg" /> India VIX India VIX cooled down by 2.86 percent to 20.22 levels. The fear gauge needs to hold below 20 levels to again attract a bullish stance. Derivative Data   <table cellspacing="0" class="Table" style="border-collapse:collapse; border:none; font-family:"Times New Roman"; font-size:14px"> <tbody> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> Symbol </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:114px"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:169px"> Pre. Max Pain </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> PCR (OI) </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 33000 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 32800 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.93 </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 14900 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 14700 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.32 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2010th%20May%202021/image/blogs-image/bnf-cycles.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2010th%20May%202021/image/feature-image/nify-cycles.PNG" /> Conclusion The market is witnessing the profit booking at a higher level and some short covers are seen in the lower levels so, you must look for your profit booking on the rise. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: The analysis has been prepared for informational and educational purposes only. It is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Recommended Read:   <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>

Kumar Chandan

Bank Nifty & Nifty Analysis
May 6, 2021, 9:38 p.m.

Bank Nifty and Nifty Analysis for 7th May 2021

Nifty opened with a gap up and after a slight dip in the initial tick, moved in the positive territory throughout the session. It respected its immediate support at the 14,600 level and rebounded towards the 14,750 marks. Bank Nifty opened with a gap up but witnessed a rangebound move from the opening level. Let’s check the data and do the analysis for Bank Nifty and Nifty for 7th May 2021 based on <a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html">Open Interest,</a> Change in OI, <a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html">PCR</a>, Max Pain, and Trend Cycles. Bank Nifty Option Front Bank Nifty has given closing at 32827.80 on spot on 6th May 2021. On the options front, maximum Put open interest was at 32,000 followed by 32,500 levels, while maximum Call OI was at 34,000 followed by 33,000 levels. The call addition has been seen at 32800 and 33000 levels whereas 32800 and 32500 witnessed significant put writing. Trading Range Of Bank Nifty Now time to find out the trading range of the bank nifty. Trading Range is a general range between the highest call strike and highest put strike. To find the range, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Bank Nifty. The trading range seems to be 32000 to 33500. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%206th%20May%202021/image/blogs-image/change-open-interest-bnf_oIJ26qi.jpg" /> 1. Highest Call at 34,000.  2. Highest Put at 32,000.  3. Pivot Level at 33,000. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%206th%20May%202021/image/feature-image/open-interest-bnf_NIdbI8N.jpg" /> The highest call acts as the highest resistance and the highest put acts as the highest support for the Nifty and bank nifty. Pivot level is the level that bulls and bears don’t want to let go of easily. The tug of the war goes around the pivot level between bulls and bears generally.   Trading Range Of Nifty Nifty has given closing at 14617.85 on spot on 6th May 2021. On the options front, maximum Put Open Interest was seen at 14,500 level followed by 14,000 while maximum Call OI stood at 15,000 level followed by 15,200. Call writing was seen at strike prices 14,700 and 15,000 while there was Put writing at 14,600 and 14,700 levels. Options data suggested a wider trading range between 14,600 and 14,900 levels. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%206th%20May%202021/image/blogs-image/change-open-interest-nifty_Hzi9esi.jpg" /> 1.  Highest Call at 15000.  2.  Highest Put at 14,500.  3. Pivot Level at 14,700. <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%206th%20May%202021/image/feature-image/open-interest-nifty_qlxzjdu.jpg" /> India VIX India VIX moved up marginally by 0.34 percent to 22.03 level. It needs to hold below 20 zones to again attract a bullish stance. Derivative Data   <table cellspacing="0" class="Table" style="border-collapse:collapse; border:none; font-family:"Times New Roman"; font-size:14px"> <tbody> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> Symbol </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:114px"> <a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:169px"> Pre. Max Pain </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> PCR (OI) </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Bank Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 32800 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 32700 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 0.96 </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> Nifty </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> 14700 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> 14600 </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> 1.14 </td> </tr> </tbody> </table>   Trend Cycles (EOD) <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%206th%20May%202021/image/blogs-image/bnf-cycles_PoTp2xU.PNG" /> <img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%206th%20May%202021/image/feature-image/nify-cycles_TGONGPW.PNG" /> Conclusion The market is witnessing the profit booking at a higher level and some short covers are seen in the lower levels so, you must look for your profit booking on the rise. Open Interest Images are generated by the Telegram Bot: <a href="http://t.me/OIinAction_bot">OIinAction</a>. You can also join it and can generate OI images for free. Disclaimer: The analysis has been prepared for informational and educational purposes only. It is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Recommended Read:   <a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html">How to detect Option Buyers or Sellers on Option Chain</a>

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