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Published on 12-11-2025 10:38 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 12-11-2025 10:16 am

Intraday Rational:

* Trend- Higher-high and higher-low structure

*Levels Buy on declines near previous session’s high

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Published on 12-11-2025 10:16 am

Technical Outlook:

* Bank Nifty opened the session on a firm note and witnessed decline during first half. However, strong buying demand emerged near the 50% retracement (57,600) of the previous two-session up move, leading to a sharp recovery in the latter half. The daily price action formed a bullish candle with a long lower shadow, indicating supportive efforts emerged from key support levels.

* Today index is likely to open gap up today tracking Bihar election exit poll coupled with development on India-US tariff negotiations. Over the past 12 session, the index has been consolidating within a broader 1500-point range (58,600-57,100), while sustaining above the 38.2% retracement level of its preceding 4300-point upswing, indicating a healthy consolidation phase. Going forward, a decisive close above the October high of 58,600 would signal a range breakout and pave the way for the next leg of the up move towards the revised target of 60,000, which corresponds to the measured move projection derived from the current consolidation range.

* Momentum indicators such as the RSI continue to sustain above the 60 level on both weekly and monthly timeframes, maintaining a positive mediumterm bias. Hence, focus should be on accumulating quality stocks on dips backed by strong earnings as immediate support is placed near 56,900, corresponding to the 38.2% retracement of the ongoing advance (54,226– 58,577).

* Historically, there have been 17 instances over the past two decades where Bank Nifty, following a decisive breakout above its previous two-month high, delivered double-digit returns within the subsequent four months. In the current setup, the index has once again confirmed a breakout above its prior two-month high and surpassed the previous all-time peak, reaffirming the prevailing bullish structure. This setup indicates a high-probability continuation pattern for sustained upside momentum in the coming months.

* The PSU Bank Index continues to outperform, maintaining a higher-high, higher-low formation for the tenth-straight week on the back of strong Q2 earnings. In near term, index is witnessing series of healthy consolidation after sharp up move. However, any dip from hereon should not be construed as negative instead capitalized it as buying opportunity in quality stock as strong support is placed near 7,800, aligning with the 38.2% retracement of the latest rally (6,730–8,391).

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Published on 12-11-2025 10:15 am

Nifty Bank : 58138

Technical Outlook

Day that was:

* Bank Nifty continued with its gain for the third consecutive session amid heightened volatility to settle the day at 58,138 up 0.35%. The Nifty Private Bank index has mirrored the benchmark and closed positive to settle at 28,046 up 0.35%

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Published on 12-11-2025 10:15 am

Intraday Rational:

* Trend- Higher-high and higher low structure

* Levels: Buy on declines near previous session’s high

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