Monday, 6 December 2021

Banknifty investing and trading plan| 7th December

How did Banknifty perform today?

Today, 6th December, is another bearish day for banknifty. Today banknifty fell by 1.27%.
Banknifty closed near to 200-day moving average. This is an excellent point to invest in banknifty bees. 
Banknifty future is near AVWAP support 35666. 
We will consider this fall a healthy correction in the Bull market till 35666 is protected on a close of business ( COB) basis.

How did banknifty constituents perform today?


FII is building long put. Are they hedging their stock futures or index futures?

Open interest and option chain analysis

source: valuestock

FII and Pro are net short in the market.

36000 strike has lost equal OI for Call and put. 

35500 witnessed huge put writing. This might be the expiry level if the market fails to move above 36000.

Bannifty levels for tomorrow

 Will short below 35600. This will be an intraday trade.

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