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 right around the 23,300 mark, the election day high.
- Still in a tricky spot, not enough strength to confirm a breakout.
BANK NIFTY:
- Retracing a bit higher, but no clear bullish setup.
- The structure remains indecisive, lacking strong cues.
Options Chain Data: Key Levels
Option chain is indecisive with no clear structure around ATM.
Resistance: 23,300.
Support: 23,000 has limited support.
PCR (Put-Call Ratio): 0.9 overall and 0.8 near ATM.
- Neutral to slightly positive but lacks strength.
Participant Options Data
| Participant | Calls | Puts | Comment |
|---|---|---|---|
| FII | Long 21K | Long 90K | Bearish leaning |
| Pro | Short 1.1L | Short 1.4L | Neutral to slightly positive |
| Client | Short 65K | Short 25K | Mixed and unclear stance |
Summary: FII continues to hold more puts than calls, showing caution. Pros are short on both sides, likely expecting a range-bound expiry.
FII DII Data Summary: Sensibull
Participant Futures Data
- Largely the same compared to yesterday. FII bought 600 Cr.
FII DII Futures and Options Data: Sensibull Analyse
Participant Stock Data
FII Index Futures: Bought ₹663 Cr in index futures. OI increased by 4.2k (Bullish)
FII Options:
-
Call OI change: -51,066 (Bearish)
-
Put OI change: -1.06L (Bullish)
FII Cash: Sold ₹1,539 Cr in cash. (Bearish)
Verdict
- Nothing major has changed.
- Today’s bounce could be a dead cat bounce or a minor retracement within the larger downtrend.
Trade Plan and Approach
- No change in view.
- Still holding December short positions and waiting for further confirmation.
Watch the full analysis video here:
Are you seeing something different on the charts? Do share your view. 
