Finally some volatility to keep the bears alive. This entire week the technical analysis was saying keep buying. See how a fundamental change can alter the sentiment. The MSCI news hit just before the start of the day and HDFCBK and HDFC were down 5% in pre-open. The biggest loser was Finnifty index compared to…
Signs of tiredness visible in the price action today. To start with, never expected that our indices will close in green today, even though the momentum is slowing, it is pushing up the bulls inch by inch. Nifty50 was having more positive price action vs banknifty today — that may be because there are 2 more resistance…
For traders who are playing banknifty expiries on Thursdays can play the same trades on FinNifty on Tuesdays. The margin requirements are lower and now since the option premiums are staying low — the ROI in finnifty is better than banknifty. Today was a flat day, open was at 42731 and then it was struggling to keep…
One thing I noticed this week is the variance in volatility of Nifty50 vs BankNifty. On 99 out of 100 trading days — Banknifty used to have a higher volatility than Nifty & you know what higher volatility brings to the options trading. Yes — option premium anomaly. Probably this variance was there earlier too, since I trade on…
Banknifty had a mega pre-open boost by Kotak Bank, it was up 5% by 09.10 which indicated the bears will get their bones crushed today. Contrary to the popular belief, Kotak bank has the 3rd most weightage to bank nifty above SBIN and AXIS even though kotak has lower net interest income. And today’s 5%…
We had a relatively calm day today comparing to what was happening last 2 to 3 sessions. Since we had the FinNifty expiry today — there was some stability offered by HDFC, HDFCbk & BajFinance. This really prevented bank nifty making further lows for the day today because at 13.05 i almost thought we will be seeing…
