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:
- Confirmed yesterday’s Doji.
- 100 DMA not offering much support, opening up the possibility of a reversal.
BANK NIFTY:
- Rejection from below a long-term trendline is getting confirmed.
- Weekly candle may end up as a shooting star if the next two sessions are weak.
Options Chain Data: Key Levels
Call additions at 23,500, making it a tough level to cross.
Resistance: 23,600+
PCR (Put-Call Ratio): 0.8 around ATM, 0.8 overall – Neutral stance.
Participant Options Data
| Participant | Calls | Puts | Comment |
|---|---|---|---|
| FII | Long 2.2 L | Long 2.7L | Added more puts than calls. |
| Pro | Long 1.3 L | Short 1.8 L | Net short on both sides. |
| Client | Short 1L | Short 1.4L | Net short on both sides. |
Summary: FII turned cautious with more puts. Pro and Client are net short, hinting at a range-bound to bearish bias.
FII DII Data Summary: Sensibull
Participant Futures Data
- FII still short, Client still long.
- FII bought ₹1,350 Cr in index futures today.
FII DII Futures and Options Data: Sensibull Analyse
Participant Stock Data
FII Index Futures: Bought ₹1,329 Cr, OI Change: +6,871 (Bullish)
FII Options:
-
Call OI change: +76,179 (Bullish)
-
Put OI change: +83,100 (Bearish)
FII Cash: Bought ₹2,241 Cr (Bullish)
Verdict
- 23,500 might hold for expiry, and 23,700 unlikely to be broken.
- Expecting a flat to negative expiry.
- Long-term bearish view remains unchanged.
Trade Plan and Approach
- Will wait for weekly close candle to decide on entering more shorts.
- Current zone is tricky; not adding fresh shorts yet unless there’s confirmation from weekly candles.
Watch the full analysis video here:
Got a different take? Would love to hear what levels you’re tracking. 