NIFTY & BANK NIFTY Analysis: 23rd April 2025

Technical Analysis Kya Lag Raha Hai Market
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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:

  • Formed a Doji candle near the 200 EMA, indicating indecision at higher levels.
  • Momentum remains strong, but this could be a pause before continuation or reversal.

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BANK NIFTY:

  • Less defined Doji, but also showing signs of hesitation.
  • No clear trend reversal signal yet.

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Options Chain Data: Key Levels

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Resistance: 24,200 is a nearby resistance, but not as significant.

  • Above 24,200, the next hurdle is around 24,500.

Support: 24,000 continues to act as strong support.

PCR (Put-Call Ratio): 0.9 overall and 1.1 near ATM. Indicates a bullish bias, though not extremely strong.

Open Interest: Sensibull

Participant Options Data

Participant Calls Puts Comment
FII Long 1.6L Long 1.6L Neutral to bullish
Pro Short 45K Short 1.7L Bullish
Client Short 1.1L Short 60K Bearish

Summary: FIIs appear neutral with equal exposure. Pros are building bullish bets with heavier put shorts. Clients remain bearish with call shorts dominating.

FII DII Data Summary: Sensibull

Participant Futures Data

  • FII sold ₹230 crore in index futures.

FII DII Futures and Options Data: Sensibull Analyse

Participant Stock Data

FII Index Futures: Sold ₹235 Cr in index futures. OI dropped by 1.1k (Bearish).

FII Options:

  • Call OI change: -11,289 (Bearish)

  • Put OI change: -12,274 (Bullish)

FII Cash: Bought ₹1,290 Cr in cash. (Bullish)

FII DII Data: Sensibull

:memo: Verdict

  • Do not bet against the trend.
  • Wait for a cleaner signal to enter long or short positions.

:dart: Trade Plan and Approach

  • No trade until there is a clear setup.
  • Avoid chasing momentum or entering without a defined stop-loss level.

Watch the full analysis video here:

Got a different take? Would love to hear what levels you’re tracking. :slightly_smiling_face:

1 Like
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Bro, my TA suggests that it will touch 24500 and then fall more then 1000 points in the next 15 days. @Jason_Castelino do you like this kind of TA? and yeah its inevitable.

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Followin TA, IMO knows where SL is. Ain’t risk appetite, just followin rules.

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Bro, I wish it goes as per your view. At 24500 I will be selling and 23500 without doubt I am buying again.
Also give a timeframe na. Otherwise some day in future you may get these levels.

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I said 15 days. Its just a joke reference to the other thread BTW. :joy:

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Yeah. You did mention it as a joke in your earlier post. I saw the letters ‘TA’ in it. :joy::sweat_smile::sweat_smile:

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Damn. I missed it. Apologies :pray:

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No worries, i was just going through the thread and conversation was too interesting. :rofl:

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Get to know me better. Your life will get much more interesting. :sweat_smile:
Okay enough. My words will be interpreted differently. :hugs:

1 Like