Bank Nifty Today: The short-term trend in Nifty Bank has turned positive as the index price has crossed its 5-day EMA
Long build up is seen in the Bank Nifty futures where we have seen 3 per cent rise in the open interest with it rising by 1.07 per cent
Cues from F&O market for December 10: Foreign investors are seen building long positions in Nifty futures thus far this month, with open interest rising by 27% in the last six days.
Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.
The weekly contracts of Sensex will expiry on Tuesday of every week instead of Fridays, the BSE said
The Sensex nosedived 1,192 points, and Nifty slipped 359 points as weak global cues and profit-booking triggered a sharp market correction.
Derivatives market update for Nov 25: FIIs net purchased 46,700 contracts of index futures on Friday - the most in a single day since September 22; thus reducing some of their short bets.
Both the BSE Sensex and NSE Nifty50 surged over 2% on Friday, November 22. Watch the video to know what drove the rally.
F&O cues for Nov 22: Bank Nifty formed a hammer candlestick pattern on Thursday; trade above 50,650 levels can trigger a pullback towards 51,000 - 51,500 levels, says analyst from Asit C Mehta.
F&O cues for Nov 21: Foreign investors open interest in Bank Nifty futures declined over 9 per cent as they net bought nearly 25,000 contracts on Tuesday, shows the NSE F&O data.
All new futures & options contracts to be introduced from November 21, 2024 will have an increased Lot Size owing to meet the Sebi mandate on higher contract value.
F&O cues for Nov 19: Rising Call-writing across 23,500-24,000 range underscores seller dominance, while diminishing Put-writing reflects cautious sentiment, said Dhupesh Dhameja of SAMCO Securities.
F&O cues for Nov 18: As long as Bank Nifty holds the 200-DEMA support near 49,900, the index could witness a pullback move towards 50,500-50,600 levels, believes Hrishikesh Yedve of Asit C. Mehta.
F&O cues for Nov 14: Nifty has dipped nearly 3% thus far in Nov series, with FIIs holding short positions in 3:1 ratio; while retail investors holding bullish bets at 2:1 in index futures, shows data.
F&O cues for Nov 12: Options data hint support for Nifty at 23,950; with a high probability of a bounce back towards 24,500 - 24,700; says Sahaj Agarwal of Kotak Securities.
F&O cues for Nov 11: Nifty's outlook has shifted to a bearish-to-sideways bias, as multiple rally attempts have been thwarted by sellers, says Dhupesh Dhameja of SAMCO Securities.
F&O cues for Nov 08: According to the options data, the max pain level for the Nifty now stands at 24,200, and for Bank Nifty at 52,100; says Dhupesh Dhameja of SAMCO Securities.
Trading strategies in Nifty and Bank Nifty by market experts: Consensus view is that Nifty may hold the bullish bias as long as the index holds above 24,000-mark; check key levels here.
F&O cues for Nov 07: Meanwhile, Bank Nifty PCR dipped to 0.72, reflecting a shift towards a cautious outlook, says Dhupesh Dhameja of SAMCO Securities.
F&O cues for Nov 06: The Nifty options data reflects a cautious outlook, with call writing significantly outpacing put activity, says Dhupesh Dhameja of SAMCO Securities.