(38) Morning Update 8:30 am BNF & NF daily chart analysis

BANK NIFTY & NIFTY Thursday 13 August 2020 Daily Chart Analysis
(Morning update 8:30 am)
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SGX nifty is very important parameter in order to identify gap up/gap down opening. SGX nifty trading around 11322 (time 8:10 am, 13 Aug 2020) Which is 0.10 % positive.  As per current sgx level we can expect flat or slight gap up opening today in our market. you can watch current status of SGX nifty by clicking the SGX nifty image.


If we look at Bank nifty option chain data (13AUG2020) then Total open interest on calls side around 73 lakh and puts side 71 lakh which means it shows call writers more as compare to put writers.

Further if we look at Implied volatility at ATM (at the money), we will find 32.37 % on put side and 34.50 % on call side, Which means From Total OI its Shows slight negative.

Similarly we can look for nifty option chain data.

You can see Option chain data by clicking Nifty 50 & Bank Nifty image.


On Bank nifty(spot), 5 minute chart I have market important Support and Resistance and few trend line as shown in video.

As per sgx nifty level we are expecting flat or slight  gap up opening today in our market. Which means bank nifty may open around 22200-22330.

1st possible scenario,If bank nifty able to break 22000 support then we can see fall up to 21850, 21690.

2nd possible scenario if bank nifty able to sustain above 22340 then we can expect 22450, 22550 levels upside.

You can see investing.com chart of bank nifty by clicking bank nifty image.


Similarly if we look at nifty 50 (spot), 5 minute chart, today it can open flat or slight  gap up around 11290-11320

In nifty all important support and resistance I have marked as shown in video.

1st possible scenario if nifty able to break its support down side which is around 11280 we can see fall upto 11240, 11200.

2nd possible scenario if nifty able to sustain above 11340 then we can see up move upto 11390,11420.

You can see investing.com chart of nifty 50 by clicking nifty 50 image.


By looking at all parameters and data points, I am sharing My personal view towards slight Negative direction.

Note: 1) if bank nifty not able to break yesterday’s low or high (22000 & 22320) then it could be sideways market again.

2) if any how bank nifty able  to break that range (22000 & 22320)  then we may see very quick move either side.

Tabrez Ansari

CEO @ TechWorld Day Trader

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Tabrez Ansari

As the CEO at ‘TechWorld day Trader’ Tabrez oversees the business, and overall development. He also handles strategic planning, marketing, finance management, and digital growth. Tabrez Ansari holds a bachelor’s degree in Mechanical Engineering from Savitribai Phule Pune University (SPPU), Pune. He is a Technical Analyst & Head trader at ‘TechWorld day Trader’,Generally Trade in BankNifty Options and Also Provides Training for the same.He is also Zerodha 60 days challenge winner in EQ-FO Segment.