2 lakhs is needed for every open interest. Increasing put writer is a stronger signal than cutting call writer. Retailer does not work in Monthly. One who knows something is going to happen, he works in Monthly. You can become a fund manager and perform better than fund manager.
So, Hello everyone, welcome back to your channel. Well, today’s video is a continuation video. Earlier, we have told you about the features used in auto-render software. Now, we are doing a continuation. If you trade in Nifty, Bank Nifty and Fin Nifty, then you have to keep in mind those things which will help you to catch the right direction of the market. You should not get trapped.
Your profits should increase and your losses should be reduced. And after that, Nitin ji is going to tell you many secret tricks and features. In fact, when Nitin ji speaks, many strategies are also revealed.
I hope you are making notes. So that you don’t miss out on what they are telling you. And you can get maximum things from their knowledge and experience. So, don’t forget to make notes. And Sir, let’s start. We have talked about Nifty ahead. So, let’s start from there. So, let’s start from here. How can we see the data of Nifty, Bank Nifty and Fin Nifty? And for that, I am going to the derivative section. And in the derivative section, we have seen PCR. How is this PCR? So, this is the Nifty OI table. This is the PCR. And below that, Bank Nifty. This is also the PCR. Yes, install it once and show how people see PCR. See, we just discussed PCR. How is the PCR and what graphs are being formed. What is its trend? Similarly, you can see the PCR of Bank Nifty. And the PCR of Bank Nifty was very positive on Friday. And the market went up. And along with this, we also have the data of Fin Nifty. And the Fin Nifty expiry is on Tuesday. So, we can see the data of Fin Nifty here as well. It is surprising that the Fin Nifty data is negative. And the Bank Nifty data is positive. So, we have to see how the movement came there.
We can see here. Yes. From the price of 180. It happened basically because it is an HDFC Bank. HDFC Bank has the highest weightage in Fin Nifty.
So, there was no movement in HDFC Bank. Because of which we can see Fin Nifty. There was not much momentum.
Yes, not too much. It went up to 220. Yes, but it went up a little bit. But there was no change in PCR.
Maybe the price increased. But we have not seen any specific data in PCR.
Because one reason can be that the value of open interest is not very high. We can see here that the open interest is more in the call side.
Call writing is high. So, if call writing is high, it means that if the strength is going up, then there is no strength. So, this is the data of Fin Nifty. But comparatively, the 40-50 point movement that we are seeing here. Yes. What we are seeing from the average. Yes. And in Bank Nifty, we are seeing a movement of 800-900 points. So, there is a lot of difference. So, PCR supported Bank Nifty somewhere. Yes, it supported Bank Nifty.
However people think that the movement of Bank Nifty and Fin Nifty will be exactly the same. No, sometimes it is not so. Yes, as we just saw.
Yes, we just saw. But it is 80-90% correlation. Yes, there is correlation. There is correlation. But sometimes it happens that it is not even 10% correlated.
So, this is how we see this data here. And now I will take you to the option chart.
And this is the graphical representation of OI. And you can see the OI concentration at the top.
And we can see the February data. Now, February expiry is going on. And where do we see the highest open interest? 22,000.
At 22,000. That means it will act like a resistance. And in February, it happened three times that the market came to 22,000 and came back to 22,000. Then it came to 22,000 and came back to 22,000. And now this is the third time the market bounced back.
And I think the expiry should be below 22,000. Because it is right at 22,000. And where is the support coming below? 21,500.
21,500 is the strongest and above that is 21,700. So, we can see that there is support at 21,700.
And the market is still around it. So, it seems that the market should come above the support at 21,800. So, you can take your decision by looking at this data. And below you can see this change in OI today.
This is a live update in the live market. This is a live data update. And you can see whether the writing is more in Put or more in Call. It is just starting in Put. Open interest is more in Put. This means that the market trend is positive. What is being formed in Call is at 22,000. See it is being formed at 22,000. And it is formed at Rs 21,800. But if you look at Put from below, you will see the red line of Put is more. This means that the position is more in Put and less in Call. So what will be the PCR? PCR will be positive. And see here is the intraday trend.