Today’s expiry was totally different, something i havent seen for many weeks. Mainly the premiums were dead low coupled with directional move that came very late in the day. Traders who got into straddles & exited by the noon would have made handful today, but people like me who depend on volatility as entry criteria…
Bank nifty price action is getting exciting day by day, TradingView has opened up this feature called as Minds (with the call out icon) — its like a running commentary we can do while the trades are taking place. Let me explain few pointers posted in the TV minds & why it made sense then. Bank nifty…
We had a relatively stable trading day today, bank nifty was nicely held between the adjacent support & resistance levels. But the opening moves were quite scary. Bank nifty opened inline at 39983 and started falling pretty quickly, we took the 1st support 39839 by 09.35 and the next major support of 39742 by 09.45….
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…
Another range bound day today with no resistance or support breaks, straddles would have loved it with the premiums dying 17 to 18% without having to do anything. This week on monday, wednesday & friday — i was unable to find any short selling opportunity — now thats a first! Bank nifty opened gap down 41452, but if you…
A kind of boring price action today, except for the opening 30mts we literally had a cool & relaxing day today. Bank nifty opened inline at 41530 made some up downs for 5 consecutive candles showing indecisiveness & lack of direction. But i was still fearful to deploy short straddle or iron fly thats because…
Bank nifty opened gap up at 41019 much above the resistance level of 40869, the gap would have been because of the excellent hand out from the US markets yesterday. SPX & NDQ had outperformed with good gains. Our gap up did not sustain though, we fell 1.61% from 09.30 to the support zone 40700,…
Apologies for not able to prepare this report earlier in the day as i had some personal commitment. The day was nothing short of exciting though, well not as much drama as yesterday. Even though bank nifty traded in a tighter range today — the options premium were bloated. Knowing very well its an expiry day too — option…
Again we had a 4 support & resistance zone in play today, the price action formed is also quite tricky. The most commendable part is the conviction of bulls to rally bank nifty in the last 90mts and close it in green. In essence who could have really predicted the close in green, just look…
There were 4 support & resistance zones in play today, 3 supports broken & 1 held. No pull back rally — just a consolation flat type trading last 3hrs today. Lets analyze it one by one. The accusations against Adani group companies by Hindenburg research caught the lime light today, markets reacting more seriously than on 25th…
