Chart:
- NIFTY printed a Doji near 24,920, signaling indecision at the top of a prior bullish breakout. A small hanging man from Friday appears to be confirming.
- BANKNIFTY showed a near shooting star—not perfect, but still hinting at supply pressure.
Option Chain:
- Massive resistance stacked at 25,000 CE and above—looks like everyone’s writing calls there.
- Support? Pretty much missing. Even 24,800 PE lacks comfort. Market is tilted bearish on OI data alone.
PCR (Put/Call Ratio):
- Overall PCR ~0.6. Same around ATM.
- Indicates a clear bearish bias—puts being unwound, calls being sold aggressively.
Participant Option Data:
- FIIs: Bought puts, sold calls = đź”» bearish.
- Pros: Sold both calls and puts = cautious bearish lean.
- Clients (retail): Bought 60,000 calls = 🤞 hoping for upside.
- Net-net: Smart money is defensive, retail is the only one swinging for highs.
Participant Futures Data:
- No major action. FIIs increased shorts, but size is small. Others are just loitering around.
Participant Stock Data:
- FIIs sold ₹500 Cr in cash market—not a big amount but sentiment still feels risk-off.
- DII flows are too mild to counterbalance.
Verdict:
The market is showing indecision on charts but clear caution in positioning. 25,000 is becoming a psychological and technical wall. Looks like a low-confidence week ahead with a bearish tilt.
Trades (Not a Recommendation):
🛡️ Bear Call Spreads around 25,000 might make sense if resistance holds.
🎯 Short straddles or strangles could also work—IV is compressed and charts show indecision.
⚠️ This is not investment advice. Just a view to think through risk-reward.