Tag: bank nifty expiry

What Happened Yesterday?

NIFTY started the day at 20,169 with a gap-up and then consolidated an all-time high. There was a fall afternoon till the day low which was recovered, and then another fall at 3 PM. NIFTY closed at 20,192, up by 89 points or 0.44%.

BANK NIFTY started the day at 46,152 with a gap-up with a 100-point gap-up. The index was mostly volatile during the entire day Mostly it was a consolidating day and BANK NIFTY closed at 46,231, up by 231 points or 0.5%.

U.S. markets closed in the red on Friday. The European markets closed in the green.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading slightly in the green.

GIFT NIFTY is trading in red at 20,190.

All the factors combined indicate a gap-down opening in the market.

NIFTY has supports at 20,140, 20,036, 19,980 and 19,920. We can expect resistances at 20,220, 20,250 and 20,300.

BANK NIFTY has supports at 46,000, 45,840 and 45,635. Resistances are at 46,280 46,370(all-time high) and 46,500.

FINNIFTY has supports at 20,450, 20,400 and 20,330. Resistances are at 20,570, and 20,660[all-time high].

NIFTY has the highest call OI build-up at 20,200. The highest put OI build-up is at 20,100. PCR is highly bullish at 1.14.

BANK NIFTY has the highest call OI build-up at 46,500. The highest put OI build-up is at 46,000. PCR is at 1.03.

FINNIFTY has the highest call OI buildup at 20,700. The highest put OI buildup is at  20,300. PCR is at 0.99.

Foreign Institutional Investors net-bought shares worth Rs 164 crores. Domestic Institutional Investors net-bought worth Rs 1938 crores.

INDIA VIX decreased to 10.9.

Last week was another breakout week for the market. Super bullish candles were seen, especially on Monday and Wednesday. 

Friday however was a day of consolidation, despite the gap-up. Both NIFTY at BANK NIFTY closed at points very similar to their opening levels.

Throughout the last many weeks, Fridays have been trend-deciding days for the upcoming week in the market. 

And now, with the interest rate decisions due, it looks like markets may break the bullish move and become consolidated.

On Friday, the Bank of Japan is expected to announce its monetary policy. The entire U.S. Federal Reserve’s decision is expected early Thursday in India.

Our markets will be closed tomorrow on account of Ganesh Chathurthi. So won’t be surprising if NIFTY moves into a profit booking mode. 

Do note that today is the FINNIFTY expiry, and my expectation is a downward trending day. PCR is not bullish for FINNIFTY and there is pressure before the trading holiday tomorrow. Watch out for Friday’s low as an important support before taking trades!

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 20,127 with a small gap-up and created a fresh all-time high. But soon, NIFTY fell back to yesterday’s levels and consolidated there. Movement was limited to a 50-point range. NIFTY closed at 20,103, up by 33 points or 0.16%.

BANK NIFTY started the day at 46,013 with a 100-point gap-up. After an initial up-move, the index faced rejection and fell over 350 points. It was a consolidating day and BANK NIFTY closed at 46,000, up by 91 points or 0.2%.

U.S. markets had a super bullish closing. The European markets also gave a proper breakout after our markets closed.

What to Expect Today?

Asian markets are trading well in the green.

The U.S. Futures are trading in the green.

GIFT NIFTY is trading in red at 20,239.

All the factors combined indicate a gap-up opening in the market.

NIFTY has supports at 20,036, 19,980 and 19,920. We can expect resistances at 20,110, 20,150 and 20,200.

BANK NIFTY has supports at 46,000, 45,840 and 45,635. Resistances are at 46,240 and 46,370(all-time high and 46,500).

For next week, NIFTY has the highest call OI build-up at 20,200. The highest put OI build-up is at 20,000. PCR is highly bullish at 1.07.

BANK NIFTY has the highest call OI build-up at 46,000. The highest put OI build-up is also at 46,000. PCR is at 0.93.

Foreign Institutional Investors net-bought shares worth Rs 294 crores. Domestic Institutional Investors net-sold worth Rs 50 crores.

INDIA VIX decreased to 11.31.

After the initial moves, it was a good day of consolidation in the market. NIFTY traded in a 50-point zone and BANK NIFTY traded in a 200-point zone.

Once again, global markets are super bullish. Dow Jones was 1% in the green, while UKX closed 2% in the green. 

Midcaps recovered yesterday, indicating that there is still continued buying happening generally across the market.

It will be interesting to see how the straddle sellers at 46,000 in BANK NIFTY move around today.

The 3 expiry week continues and the market is gearing up for another week.

The next Federal Reserve’s interest rate hike decision is on September 19-20th. The general consensus is that interest rates will be kept unchanged.

However, Fridays have been a trend-setting day for the next week of the market. Let’s closely watch to understand what is in store for us next week.

Hope you have a wonderful closing day to the week!

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day flat at 19,998 and moved up and down with volatility. After stabilising, it broke the day high just before noon and moved up. Resistance was found at 20,100 levels. NIFTY closed at 20,070, up by 76 points or 0.38%.

BANK NIFTY started the day at 45,471 with a slight gap-down and played around near Tuesday’s low. From the support, a 700-point up-move was seen, which took the index up to the 46,000 mark. BANK NIFTY closed at 45,909, up by 398 points or 0.87%.

U.S. markets closed mixed. The European markets closed slightly in the red.

What to Expect Today?

Asian markets are trading in the green, with Japan more than 1% up.

The U.S. Futures are trading slightly in the green.

GIFT NIFTY is trading in red at 20,184.

All the factors combined indicate a gap-up opening in the market.

NIFTY has supports at 20,036, 19,980 and 19,920. We can expect resistances at 20,100, 20,150 and 20,200.

BANK NIFTY has supports at 45,860, 45,635 and 45,470. Resistances are at 46,000, 46,240 and 46,370(all-time high).

NIFTY has the highest call OI build-up at 20,100. The highest put OI build-up is at 19,900. PCR is highly bullish at 1.16.

For next week, BANK NIFTY has the highest call OI build-up at 46,000. The highest put OI build-up is at 45,500. PCR is at 1.27.

Foreign Institutional Investors net-sold shares worth Rs 1,631 crores. Domestic Institutional Investors net-bought worth Rs 841 crores.

INDIA VIX increased to 11.82.

Bullishness was the expectation and BANK NIFTY expiry ended up being super bullish with a 700-point rally from the day’s low to 46k. 

As we move on to the NIFTY expiry, the market still looks strong. U.S. futures and Asian markets in the green will give some confidence at the opening. The short sellers at 20,100 will be the first resistance.

There is a high put-to-call ratio in the market, which further indicates bullishness. NIFTY the important levels to watch out for on the lower side would be 20,000 and 19,900.

Last week also, we saw good volatility on Thursday due to high speculation from traders on the expiry. If such intraday OI buildups happen, do take those levels as fresh supports and resistances.

HDFC Bank and SBI are on a small breakout, and Reliance is taking support in a long-term trendline in the day chart. Do have an eye out for the heavyweights today!

Hope you have a wonderful trading expiry.

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 20,110 with a huge gap-up of 110+ points. It immediately fell 200 points from the opening level, and then quickly bounced back again. After the initial fall, it was mostly consolidation and NIFTY closed flat at 19,993, down by 3 points or 0.02%.

BANK NIFTY started the day at 45,893 with a gap-up of 320 points. Just like Nifty, the bank index fell 500 points by 10 AM and quickly bounced back. With volatile consolidation after that, BANK NIFTY closed at 45,511, down by 59 points or 0.13%.

U.S. markets closed slightly in the red. The European markets closed mixed.

What to Expect Today?

Asian markets are trading mostly in the red.

The U.S. Futures are trading slightly in the red.

GIFT NIFTY is trading in red at 20,043.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 19,980, 19,920 and 19,865. We can expect resistances at 20,000, 20,050 and 20,100 as we move to all-time highs.

BANK NIFTY has supports at 45,470, 45,230 and 45,100. Resistances are at 45,635, 45,860 and 46,000.

NIFTY has the highest call OI build-up at 20,100. The highest put OI build-up is at 19,900. PCR is highly bullish at 1.12.

BANK NIFTY has the highest call OI build-up at 46,000. The highest put OI build-up is at 45,000. PCR is at 1.06.

Foreign Institutional Investors net-sold shares worth Rs 1,047 crores. Domestic Institutional Investors net-bought worth Rs 259 crores.

INDIA VIX increased to 11.69.

FINNIFTY had a very volatile expiry yesterday, with a 1% fall in the first 45 minutes and a quick recovery. However, after the initial fall, there was a good sideways movement in the index.

Even with the sudden brake in the markets for profit booking, NIFTY interestingly closed flat for the day.

Midcap and smallcap indices had their biggest falls of the year as profit booking pulled down the indices. There were speculations that this happened due to a huge FII portfolio being liquidated, but current data is not showing so, looks like just profit booking.

In India, retail inflation comparatively cooled down but is still at 6.83%. This is still above RBI’s target of 6% inflation, and the current expectation is that no repo rate increases will happen in India.

Even in the fall, IT stocks remained confident. ICICI Bank and HDFC Bank also stayed strong. Reliance was the major contributor to the market’s fall yesterday.

So today for BANK NIFTY expiry, do have a watch out for the heavyweights as they are not yet weak. If midcap fall is done, the heavyweights might keep the market balanced.

There are good levels to watch out for, including Tuesday’s high of 45,900 and Monday’s low of 45,230.

Bulls remain strong, just that they waited and observed yesterday as Reliance and Midcaps fell. Let us see how they react today to the BANK NIFTY expiry, hoping for a day in the green!

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 19,890 with a good gap-up of 70 points. The index continued to move gradually with resistance around 19,950. But after 3 PM, good strength was seen which pushed NIFTY to a fresh all-time high of 20,008. NIFTY closed at 19,996, up by 176 points or 0.89%.

BANK NIFTY started the day at 45,340 with a gap-up of 194 points. Initially, the index consolidated and kept finding resistance at 45,470. Then, it gave a breakout just like NIFTY. BANK NIFTY closed at 45,570, up by 414 points or 0.92%.

U.S. markets closed slightly in the green with NASDAQ showing strength. The European markets closed in green.

What to Expect Today?

Asian markets are trading mixed.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in green at 20,134.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 19,980, 19,920 and 19,865. We can expect resistances at 20,000, 20,050 and 20,100 as we move to all-time highs.

BANK NIFTY has supports at 45,470, 45,230 and 45,100. Resistances are at 45,635, 45,860 and 46,000.

FINNIFTY has supports at 20,266, 20,200 and 20,120. Resistance are at 20,320, 20,375 and 20,420.

NIFTY has the highest call OI build-up at 20,000. The highest put OI build-up is at 19,900. PCR is highly bullish at 1.41.

BANK NIFTY has the highest call OI build-up at 46,000. The highest put OI build-up is at 45,500. PCR is at 1.40.

FINNIFTY has the highest call OI build-up at 20,300. The highest put OI buildup is at 20,200. PCR is at 1.17.

Foreign Institutional Investors net-bought shares worth Rs 1,473 crores. Domestic Institutional Investors net-bought worth Rs 366 crores.

INDIA VIX increased to 11.34.

The breakout continues, and now that 19,650 is broken with good strength. 

Now it is unmapped territory for the markets. With a good put build-up, as long as there is no sudden jerkiness in international markets, we will continue to move up.

Next week there is a Fed Meeting on interest rate decision. The bullishness across the world is being seen with hope that the Federal Reserve will not raise rates at next week’s meeting.

For India, today we can see the August CPI data coming out. And the same data comes out tomorrow in the U.S. If inflation is well under control, the interest rates may be hiked!

For the FINNIFTY expiry, the resistance of 20,450 will be important. The supports are also very close by with aggressive put selling. 

It looks like a time for continued breakout in the market. This will keep on being the case until a day candle closes below a previous day’s low.

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 19,598 flat and fell 50 points initially. But this was followed by good bullishness, with multiple breakouts. The index moved up to the 19,730 level. NIFTY closed at 19,727, up by 116 points or 0.59%.

BANK NIFTY started the day flat at 44,418, dipped down below and then moved up. After some initial volatility, the index also gave a proper breakout to the highest closing in 1 month. BANK NIFTY closed at 44,878, up by 469 points or 1.06%.

U.S. markets closed slightly in the green. The European markets closed mixed.

What to Expect Today?

Asian markets are trading slightly in the red.

The U.S. Futures are trading flat to slightly in the green.

GIFT NIFTY is trading in green at 19,793.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 19,660, 19,560 and 19,500. We can expect resistances at 19,760, 19,840 and 19,920.

BANK NIFTY has supports at 44,800, 44,600 and 44,500. Resistances are at 44,900, 45,100 and 45,230.

NIFTY has the highest call OI build-up at 20,000. The highest put OI build-up is at 19,600. PCR is at 1.27.

BANK NIFTY has the highest call OI build-up at 45,000. The highest put OI build-up is at 44,500. PCR is at 1.38.

Foreign Institutional Investors net-sold shares worth Rs 758 crores. Domestic Institutional Investors net-bought worth Rs 28 crores.

INDIA VIX is at 10.87.

A very tough move indeed from NIFTY today! Once 19,640 was taken out, there was no looking back.

The number of people speculating on the market has shot up, as NIFTY and BANk NIFTY expiry separated. The PCR Ratio at one time in NIFTY was even 2, indicating that there were double the puts in the market than calls!

Anyway, a tough day indeed for non-directional option sellers with fast spikes in premium. 

This will likely be a reality in the market going ahead. All traders will free up capital by Wednesday’s NIFTY expiry, and start trading aggressively on Thursday. Earlier, Thursday’s trading volume used to be split between the two indices.

Now that a good resistance zone of 19,650 is broken, it will be respected as good support in upcoming sessions.

And the journey continues for traders, heading towards yet another eventful week. Let it be an amazing one!

Follow along with Smart Money (NIFTY) and Piggy Bank( BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 p.m. on our YouTube channel. All the best for the day!

What Happened Yesterday?

Haldirams denied reports of a 51% stake sale to Tata Consumer.

NIFTY started the day flat at 19,581 and consolidated in a 50-point range. This consolidation was soon broken, and the index moved down. After creating a base afternoon, there was bullishness and a new day-high thanks to the 3 PM candle. NIFTY closed at 19,611, up by 36 points or 0.18%.

BANK NIFTY started the day flat at 44,494 and made similar moves to NIFTY. After consolidation, the index fell to 44,200 levels. And just like the rest of the market, there was a rebound and a good green candle at 3 PM. BANK NIFTY closed at 44,409, down by 123 points or 0.28%.

U.S. markets closed in the re for the day. The European markets closed in the red.

What to Expect Today?

Asian markets are trading slightly in the red.

The U.S. Futures are trading flat.

GIFT NIFTY is trading flat at 19,627.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 19,560, 19,500 and 19,400. We can expect resistances at 19,600, 19,650 and 19,720.

BANK NIFTY has supports at 44,226, 44,150 and 44,000. Resistances are at 44,600, 44,800 and 45,000.

NIFTY has the highest call OI build-up at 19,600. The highest put OI build-up is at 19,500. PCR is at 1.25.

BANK NIFTY has the highest call OI build-up at 45,000. The highest put OI build-up is at 44,000. PCR is at 0.86.

Foreign Institutional Investors net-sold shares worth Rs 3,245 crores. Domestic Institutional Investors net-sold worth Rs -247.46 crores.

INDIA VIX fell to 10.67.

The markets created a surprise move at 3 PM yesterday and shot up by quite a lot. Interestingly, NIFTY moved up more than BANK NIFTY.

It looks like the high call addition at the beginning of the day yesterday, leaded to a short-covering move in NIFTY.

Pressure on global markets continues with U.S. closing 0.5% in the red. Again, Saudi and Russia reducing supply of oil is creating a fresh fear of high inflation everywhere.

There was enough volatility yesterday, as expected from the BANK NIFTY expiry yesterday.

Kotak and ICICI Bank remain weak in the market. Meanwhile, HDFC Bank has created a good base and is trying to move up. 

Largecaps are looking stable with some good supports to watch for. Midcaps are also flat. NIFTY still looks to be bullish, with a good base support at 19,500. There is good resistance at the 19,650 level I will be watching out for.

So this looks like even after the high institutional selling, markets moved up due to short-covering.

Now, there is today’s expiry in NIFTY left and I hope that it will be a day of consolidation with some

Let’s hope for a good expiry trading session in the NIFTY!

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 19,564 with a gap-up of 36 points. Throughout the day, the index consolidated within just a 55-point range between 19,530 and 19,580 levels. Nifty closed at 19,574, up by 46 points or 0.24%.

BANK NIFTY started the day at 44,625 with a small gap-up. Initially, it showed similar movements to NIFTY but failed to close in the green. BANK NIFTY closed at 44,532, down by 46 points or 0.1%.

U.S. markets closed flat for the day. The European markets closed slightly in the red.

What to Expect Today?

Asian markets are trading mixed.

The U.S. Futures are trading flat.

GIFT NIFTY is trading with slight green at 19,660.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 19,530, 19,400 and 19,300. We can expect resistances at 19,600, 19,650 and 19,720.

BANK NIFTY has supports at 44,520, 44,277 and 44,150. Resistances are at 44,600, 44,800 and 45,000.

NIFTY has the highest call OI build-up at 19,600. The highest put OI build-up is at 19,500. PCR is at 1.39.

BANK NIFTY has the highest call OI build-up at 44,600 and 45,000. The highest put OI build-up is at 44,500 and 44,000. PCR is at 0.90.

Foreign Institutional Investors net-sold shares worth Rs 1,725 crores. Domestic Institutional Investors net-bought worth Rs 1077 crores.

INDIA VIX fell to 10.81.

Markets moved according to expectations with overall consolidation for Tuesday.

Global markets are also consolidating near the top for this week. U.S. markets also closed flat yesterday.

There is some pressure near the top as Saudi and Russia reduced the supply of oil, and crude oil prices moved up above $90/barrel for the first time since Nov 2022.

Again, do watch out for some strength in Reliance.

The headline today would be the first weekly expiry in BANK NIFTY on a Wednesday. We have to wait and see how the markets react to this.

I am curious to see if the market structure itself might change, with Wednesday’s turning more volatile.

We have an iron condor running in BANK NIFTY for today’s expiry and just puts sold in NIFTY.

Let’s hope for a good expiry trading session!

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!