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:
- Closed below yesterday’s hanging man candle.
- Weekly chart could form a shooting star if weakness continues.
BANK NIFTY:
- Closed below the bearish engulfing from yesterday.
- Today’s candle is an inverted hammer, not yet a clear continuation.
Options Chain Data: Key Levels
- Nothing major has formed yet.
- Too early to draw conclusions on support or resistance.
PCR (Put-Call Ratio): 0.8 overall and around ATM. But still day one, not much to take away yet.
Participant Options Data
| Participant | Calls | Puts | Comment |
|---|---|---|---|
| FII | Long 2L | Long 1.8L | Slightly bullish |
| Pro | None | Short 45K | Bullish leaning |
| Client | Short 2L | Short 2L | Neutral |
FII DII Data Summary: Sensibull
Participant Futures Data
- FII short by 25K contracts.
- Bought ₹1,000 Cr in index futures today.
- Too early to say if there’s a rollover into next month.
FII DII Futures and Options Data: Sensibull Analyse
Participant Stock Data
FII Index Futures: Bought ₹956 Cr in index futures. OI increased by 45.9k (Bullish).
FII Options:
- Call OI change: 49,957 (Bullish)
- Put OI change: 78,559 (Bearish)
FII Cash: Bought ₹8,251 Cr in cash. (Bullish)
Verdict
- No clear long or short signal yet.
- Still in wait-and-watch mode.
Trade Plan and Approach
- No new trades for now.
- Waiting for clean setups before taking positions.
Watch the full analysis video here:
Thoughts? What would convince you to go long or short from here? 