Welcome to Kya Lag Raha Hai Market, your daily look at NIFTY and BANK NIFTY predictions and market analysis with Abid Hassan from Sensibull. We analyse options trading by tracking candlestick patterns, price action, FII-DII data, support and resistance levels, open interest, option chain moves, trend formations, and risk-reward setups to help you navigate the markets better.
Disclaimer: This content is purely for educational purposes and does not constitute investment advice or stock tips. The aim is to help you understand derivative data, option trading strategies, and technical analysis better.
Chart Analysis
NIFTY:
- Forming a gravestone doji below the trendline on the weekly candle.
- A bearish signal, if confirmed.
BANK NIFTY:
- Taking rejection near a channel boundary, price struggling to sustain above key levels.
- Still above the 200 DMA, but the structure looks weak, with no bullish follow through.
Options Chain Data: Key Levels
Calls > Puts – Slightly heavier on the call side.
Resistance: Above 23,600.
Support: None seen below 23,500 – if broken, free fall likely.
Participant Options Data
| Participant | Calls | Puts | Comment |
|---|---|---|---|
| FII | Long 75K | Long 1.5L | Bearish leaning |
| Pro | Short 10K | Short 50K | Neutral |
| Client | Short 60K | Short 1.6L | Heavily bearish |
Summary: FII added heavy puts. Pro sold 2L calls. Client reduced shorts after buying 1.6L calls.
FII DII Data Summary: Sensibull
Participant Futures Data
- FII sold ₹3,000 Cr in index futures on Friday.
- Client added long futures positions.
FII DII Futures and Options Data: Sensibull Analyse
Participant Stock Data
FII Index Futures : Sold ₹3,116 Cr; OI down 18.4k contracts (bearish)
FII Options:
-
Call OI change: -76,817 (Bearish)
-
Put OI change: -46,409 (Bullish)
FII Cash: Bought ₹4,353 Cr (Bearish)
Verdict
- We are likely headed lower.
- If the gravestone doji on the weekly candle is confirmed with a lower close than last week, much lower levels can be expected.
Trade Plan and Approach
- Staying with all the December shorts.
- Not chasing the upside due to multiple resistances ahead.
- Waiting for a clear reversal signal before acting.
Watch the full analysis video here:
What’s your view? 
