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Published on 04-12-2025 10:39 am

How to Read the Data:

1) The Highest Open Interest (OI) in CE (Calls) denotes that the stock has a strong Resistance at that level.

*  E.g. – If ASIANPAINT has Highest OI at 2600 CE strike; it means 2600 level is a Stiff Resistance for the stock.

2) The Highest Open Interest (OI) in PE (Puts) denotes that the stock has a strong Support at that level.

*  E.g. – If ASIANPAINT has Highest OI at 2400 PE strike; it means 2400 is a Strong Support for the stock.

3) The Highest Addition & Liquidation in CE OI denotes whether the stock can witness buying or see selling.

*  E.g. – If ASIANPAINT saw Highest OI Addition at 2700 CE strike and Liquidation at 2600 CE strike; it means that the stock can witness a breakout of 2600 as writers are moving higher and stock can move towards 2700. Alternatively if the Highest OI Addition if at 2400 CE strike and Liquidation at 2600 CE strike; it means that the stock can witness selling and move towards 2400 levels as writers are writing lower strike CE’s.

4) The Highest Addition in PE OI denotes whether the stock can witness buying or see selling.

*  E.g. – If ASIANPAINT saw Highest OI Addition at 2300 PE strike and Liquidation in 2400 PE Strikes; it means that the stock can witness a breakdown of 2400 and move towards 2300 as writers are writing lower strikes in fear of further selling in stock. Alternatively if the Highest OI Addition if at 2600 PE strike and Liquidation in 2400 PE Strike; it means that the stock can witness buying and move towards 2600 levels as writers feel confident of a rise in stock and hence are writing higher strike Puts.

5) This Data when used in entirety can help ascertain the Signals of reliable stock moves.

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Published on 04-12-2025 10:27 am

F&O Highlights

SHORT BUILD UP WAS SEEN IN NIFTY FUTURES

Create Shorts with the SL of 26200 levels.

* Nifty extended its losing streak to a fourth straight session, slipping 46 points to close at 25,986. However, a sharp late hour rebound of over 100 points helped the index finish well above its intraday lows.

* Short Build-Up was seen in the Nifty Futures where Open Interest rose by 4.55% with Nifty falling by 0.18%.

* Long Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 3.64% with Bank Nifty rising by 0.13%.

* Nifty Open Interest Put Call ratio fell to 0.85 levels from 0.93 levels.

* Amongst the Nifty options (09-Dec Expiry), Call writing is seen at 26200-26300 levels, indicating Nifty is likely to find strong resistance in the vicinity of 26200-26300 levels. On the lower side, an immediate support is placed in the vicinity of 26100-26000 levels where we have seen Put writing.

* Short build-up was seen by FII's in the Index Futures segment where they net sold worth 2,633 cr with their Open Interest going up by 11396 contracts..

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Published on 04-12-2025 10:25 am

* Intraday Rational:

* Trend- Higher-high and Higher-low pattern for three-consecutive week.

* Levels Buy on declines near Wednesday low

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Published on 04-12-2025 10:25 am

Technical Outlook:

* The index opened on a flat and declined in the initial hours. However, supportive efforts from 20 days EMA helped index to recoup intraday losses and settle the session on a flat to positive note. Consequently, daily price action formed a bull candle with lower shadow, highlighting elevated buying demand

* Key point to highlight is that, past ten weeks price action has been captured in a well-defined rising channel. In last session, supportive efforts from lower band of rising channel helped index to maintained the sequence of higher high-low formation. Hence, follow through strength along with a decisive close above previous session high would confirm resumption of uptrend that would help index to challenge the All Time High and head towards 60500 in coming weeks. Hence, traders should adopt buy-on-dips approach in fundamentally strong banking names, particularly those that delivered robust Q2 earnings as immediate support is placed near 58,600, which also coincides with the 50% retracement of the recent upmove from (57157-60114)

* Historically, in the past two decades, there have been 17 instances where Bank Nifty delivered double-digit gains within four months after a decisive breakout above its previous two-month high. The current structure has once again confirmed such a breakout surpassing both the prior two-month high and the previous all-time peak (57,628), indicating a high-probability continuation setup for sustained upside momentum in the months ahead.

* The PSU Bank Index has been a underperformer, as after 13-week it has breached two weeks low indicating pause in upward momentum. The formation of lower-high and lower low indicate extended correction wherein key support is placed at psychological mark of 8000 being 50 days EMA that coincided with 16 months consolidation breakout at 8050 (as per change of polarity concept

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Published on 04-12-2025 10:24 am

Nifty Bank : 59348

Technical Outlook

Day that was:

Bank Nifty snapped two days losing streak and settled the session at 59348, up 74 points. In contrast, the Nifty PSU Bank index showed relative underperformance and concluded the session with 3% decline.

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