If we look at the 5mts chart of bank nifty, apart from the opening 30mts of volatility — we had a smooth day of trade today. Inline open at 42071 and dip below the support level by 09.20, the next candle perfectly closed below the SR and might have indicated further pain ahead. The option premiums even…
Bank nifty fell 1.33% ~ 568 pts today, but the option prices were behaving like we had a 5% fall intraday. Yeah the intensity of the fall was quite strong, but the level in which options premium jumped — its quite hard to believe. What i feel is the Finnifty expiry on tuesday is creating unwanted speculation…
Take a look at the chart below, 5mts TF its a perfect continuation from yesterday — we broke the 1st support at 09.40 and 2nd support at 13.15 in the single leg. And then we had a retracement back to the SR level (yellow dotted lines) and final close there. So what do we infer from the…
I dont know why the bank nifty didnt fall today, the science seemed so solid — if i were to borrow King Julian’s words from Madagascar. The handover from US market was negative as expected and today’s opening was a gap down at 42684. The first candle was red went down to the support level of 42573….
Bank nifty opened today 42864 just below the resistance level of 42888 and the intention to go lower was very clear. By the 3rd candle the support level of 42574 was tested and by 09.35 we had a first break down. The candle at 09.45 was pretty strong green and may have deceived many like…
Everyone would have expected bank nifty to go up today esp when S&P500 and Nasdaq100 closed 1.97% up yesterday. The gap up opening of 38092 above the resistance line of 37946 shows the level of expectations, but the big-boys had other plans. Check the volume on call option shorts yesterday — see here. The short side positioning…
