Quite an eventful day today spoiled by the last 30mts surprise. Honestly how many traders were expecting a rally of 340pts between 15.00 to 15.30 — i was not. In fact i was expecting a fall towards the 39400 levels. Lets analyze the trades on the 5mts chart today. Open was inline at 39611 and we tested…
March series is coming to a close tomorrow, but the options premium is already dead. Only few strikes near the money has some more premiums to shed, all the other OTMs are well below the average rates to what we usually see on the penultimate day of expiry. It also translates into very little movement…
There are few important aspects to the price action today. We stuck to a small range today — it would have been good for intraday straddlers & short iron-fly, iron-condor strategy deployers. So we opened inline at 39484, many would argue that it was a gap up. But i wouldnt say that because of the price action…
Traders expected a bullish day today. They cannot be blamed because on 22nd we had a solid trade day above the crucial support level of 39742. But something was certain, once we broke that level yesterday we should really look out for bearish opportunities not the other way around. The level of 39742 became so…
Interesting price action today, not only did bank nifty end 0.96% down — it broke the crucial support of 39742 today. You might be already aware that i was expecting a bearish week, the 39500/39400 4:5 debit spread of mine was sitting at a loss right from monday. Today’s gap down opening at 39836 gave me some…
Today happened to be a boring day mostly because bank nifty stuck to a specific narrow range all day. Usually we have one or two swings which will spike up the options premium, Yesterday i did mention the possibility that we could expect a fall today if the 2nd half of yesterday’s session was resultant…
Today was a different day for me personally, i almost lost focus at around 10.30am & i posted the same in banknifty minds. “$BANKNIFTY i have no clue on the direction — options data/flow is confusing today” I normally use options flow/data to guess the direction of bank nifty rather than the direct candle stick or chart…
I really cant say that the volatility is that high, if we follow the slope of the moving average — India VIX is still staying low. Not quite a representation of the things happening in global markets. Today i saw VIX trading near 17% higher than last close — but that did not really translate into lot of fear…
The trades till 14.20 was kind of predictable, but the last 1 hour was really special. Bank nifty got wings ! The open was gap up at 39442 and then we started dropping gradually. At around 10.00 i posted “$BANKNIFTY PE premiums are unusually high ! either traders expecting huge downside today or maybe its good time…
Banknifty showed some strength today, mostly signs of a pause after a breakdown over the last sessions. We opened at 39061 pretty much inline with yesterday’s close and quickly started falling to the support zone of 38690. The price action was perfectly aligned with how we traded yesterday, see the highlighted section in cyan color….
