8th April 2019 – BankNifty remained range bound until the second half, post which it cracked 300 points in a span of 30 minutes. Option sellers beware, VIX hit close to 20 and is expected to go higher as we approach the elections.
Option chain – (11th April expiry) – More OI added at 30500 CE and 29800 PE levels. 30000, 30200 and 30500 act 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: 30200, D-2: 30100, D-3: 30300, D-4: 30300, D-5: 30400)
PCR – 0.59
(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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