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 hanging man candle, which could also turn into a dragonfly Doji depending on tomorrow’s close.
- A close below today’s low may confirm the hanging man as a bearish signal.
BANK NIFTY:
- Forming a bearish engulfing candle on the daily timeframe.
- Not a strong breakdown yet, but caution warranted.
Options Chain Data: Key Levels
• Put side is slightly stronger, indicating support at lower levels.
• On an expiry day, open interest cues are often unreliable.
• Overall, the option chain suggests the index can go either way.
PCR (Put-Call Ratio): 1 overall and 0.8 around ATM. Indicates a neutral to mild bearish tone.
Participant Options Data
Participant | Calls | Puts | Comment |
---|---|---|---|
FII | Long 1.5L | Long 1L | Bullish leaning |
Pro | Short 50K | Short 1.4L | Bullish |
Client | Short 1L | Short 30K | Slight Bearish |
Summary: FIIs and Pros lean bullish with more put exposure. Clients are still mildly bearish with heavier call shorts.
FII DII Data Summary: Sensibull
Participant Futures Data
- FII bought ₹1,300 crore in index futures.
- Their net futures position still remains short overall.
FII DII Futures and Options Data: Sensibull Analyse
Participant Stock Data
FII Index Futures: Bought ₹1,326 Cr in index futures. OI increased by 7.6k (Bullish).
FII Options:
-
Call OI change: -11,588 (Bearish)
-
Put OI change: -61,659 (Bullish)
FII Cash: Bought ₹3,333 Cr in cash. (Bullish)
Verdict
- There is a possible reversal signal in both NIFTY and BANK NIFTY.
- Tomorrow’s close will be key to confirming the bearish setup.
Trade Plan and Approach
- If tomorrow’s close is weaker than today, bear call spreads or bear put spreads can be considered.
- No long trades unless reversal signals are invalidated by a strong move up.
Watch the full analysis video here:
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