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:
BANK NIFTY:
- NIFTY and BANKNIFTY both forming Doji indecision candles.
- Still below key reversal levels like the hanging man on NIFTY and bearish engulfing on BANKNIFTY.
Options Chain Data: Key Levels
- 24,400 is acting as a clear resistance.
- Support zones are weak and scattered below.
PCR (Put-Call Ratio): 0.8 overall and 0.7 around ATM. Neutral to weak sentiment.
Participant Options Data
| Participant | Calls | Puts | Comment |
|---|---|---|---|
| FII | Short 18K | Short 45K | Indecisive |
| Pro | Long 50K | Short 45K | Indecisive |
| Client | Short 30K | Long 45K | Medium Bullish |
Summary: Overall positions suggest indecision, but today’s flow leans slightly negative.
FII DII Data Summary: Sensibull
Participant Futures Data
- FII, Pro, and Client are still net short.
- FII bought ₹900 Cr in futures today.
FII DII Futures and Options Data: Sensibull Analyse
Participant Stock Data
FII Index Futures: Bought ₹911 Cr in index futures. OI increased by 4.9k (Bullish).
FII Options:
- Call OI change: -62,518 (Bearish)
- Put OI change: -9,113 (Bullish)
FII Cash: Bought ₹2,386 Cr in cash. (Bullish)
Verdict
- Mixed signals: The Chart hasn’t broken out yet.
- Options data points to resistance at 24400.
- Derivative options data is bearish.
- Futures data is inconclusive.
- Expiry is likely to stay below 24400.
- If 24350 breaks on a closing basis, we could see higher levels.
Trade Plan and Approach
- For expiry, can sell calls above 24400 with a tight stop-loss.
- Waiting for confirmation from price action.
Watch the full analysis video here:
What’s your expiry view? 