BankNifty BN Option Chain Analysis, Strangle Straddle Returns, Expected Movement – 2nd April 2019

2nd April 2019 – No clear movement in BankNifty as the index moved within a range of 250 odd points. There was a minor 150-point up move towards the end, slightly indicating the mood of the market. RBI event is another major influencer of the index volatility.

Option chain – (4th April expiry) – No major change in the option chain. 31500, 31000 and 30500 act as the resistance on the CE side while 30100, 30000 and 29500 act as support.

Key levels to watch for – 29929, 30102, 30276, 30450, 30625, 30800

Range – 30000 to 31000

Max Pain – 30300 (D-1: 30400, D-2: 30300, D-3: 30100, D-4: 30000, D-5: 29700)

PCR – 0.84


(Explanation to this table here – Also, this table is LIVE here – )

Strangle and Straddle Returns Table


(Explanation to this table here – ). Also this table is LIVE here – )

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


(Explanation to this table here – ). 

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