banknifty expected movement standard deviation

BankNifty BN Option Chain Analysis, Strangle Straddle Returns, Expected Movement – 12th March 2019

12th March 2019 – BN started with a gap up of close to 150 points and continues to rally to hit a close all time high of 28450 levels. Heavy addition of OI across CEs (28700 to 29000) and PEs (28000 – 28500)

Option chain – 28500, 28600 and 28900 act as the resistance on the CE side while 27500, 28000 and 28200 act as critical support. Also the key levels to watch for – 28224, 28308, 28392, 28477, 28561, 28646

Range – 28000 to 28500

Max Pain – 28300 (D-1: 27900, D-2: 27700)

PCR – 1.46

Strangle and Straddle Returns Table

BankNifty BN expected movement with 0.5 SD to 3.5 SD (Reference – Previous day’s closing price)

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