10th April 2019 – Another range bound day for BankNifty, though the second half showed weakness. No major change in terms of OI across all levels. Good for option sellers. Volatility hit 21 (up by close to 4%) and this is expected to go up further.
Option chain – (11th April expiry) – Heavy OI addition at 30000 CE and short covering at 29900 PE. 30000, 30300 and 30500 acts as the resistance on the CE side while 29500, 29700 and 29800 act as support.
Key levels to watch for – 29412, 29584, 29756, 29929, 30102, 30276
Range – 29500 to 30500
Max Pain – 30000 (D-1: 30000, D-2: 30000, D-3: 30200, D-4: 30100, D-5: 30200)
PCR – 0.53
(Explanation to this table here – http://bit.ly/nbn_optionchain). Also, this table is LIVE here – http://bit.ly/nbn_bnoptionchainlive )
Strangle and Straddle Returns Table
(Explanation to this table here – http://bit.ly/nbn_returnstable ). Also this table is LIVE here – http://bit.ly/nbn_bnreturnstablelive )
BankNifty BN expected movement with 0.5 SD to 3.5 SD (Reference – Previous day’s closing price)
(Explanation to this table here – http://bit.ly/nbn_bnstandarddeviation ).
For any queries, do post your questions here in our QnA forum here – http://bit.ly/nbn_tradingqna )
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