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:
- Gravestone doji on the weekly chart is now confirmed.
- A strong bearish marubozu candle on the daily reinforces the downside risk.
BANK NIFTY:
- Trading below the bottom of a long-standing channel.
- No bullish reversal signal is visible yet.
Options Chain Data: Key Levels
Resistance: Towering resistances above 23,000.
Support: No strong support zones until at least 22,500.
PCR (Put-Call Ratio): 0.75 near ATM and 0.6 overall.
- Weak sentiment across the board.
Participant Options Data
| Participant | Calls | Puts | Comment |
|---|---|---|---|
| FII | Long 2.8 L | Long 3.5L | Bearish leaning |
| Pro | Short 80K | Short 20K | Mildly bearish |
| Client | Short 2L | Short 4L | Aggressively bearish |
Summary: FIIs and clients continue to build heavy downside positions. Pros are moderately short, suggesting limited expectation of upside.
FII DII Data Summary: Sensibull
Participant Futures Data
- FII continues to add short positions.
- Client positions show aggressive long build-up.
- FII sold ₹2,200 crore in index futures.
FII DII Futures and Options Data: Sensibull Analyse
Participant Stock Data
FII Index Futures: Sold ₹2,276 Cr in index futures. OI dropped by 13.4k (Bearish).
FII Options:
-
Call OI change: 54,896 (Bullish)
-
Put OI change: 1.15L (Bearish)
FII Cash: Sold ₹3,484 Cr in cash. (Bearish)
Verdict
- This might just be the beginning.
- Do not try to fish for the bottom.
Trade Plan and Approach
- No change in view.
- Still holding December short positions and waiting for further confirmation.
Watch the full analysis video here:
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