Postmortem on #BankNifty — 11 OCT 2022

Bank nifty’s performance today was quite surprising. Opened at 39058 right near where we closed yesterday. Usually BN has the habit of opening gap up or gap down everyday, but today’s open was the first surprise — the trade was almost the continuation of yesterday’s price action. Secondly the IV (implied volatility) of bank nifty was very…