BankNifty BN Option Chain Analysis, Strangle Straddle Returns, Expected Movement – 9th April 2019

9th April 2019 – It was a range bound day for BankNifty, as the index moved between the pivot and the lower fibo 1 levels. In the second half, BN showed some strength and close at day highs. It would be interesting to see how it opens tomorrow.

Option chain – (11th April expiry) – Heavy short covering at 30100 CE. OI added at almost all PEs. 30000, 30100 and 30500 acts as the resistance on the CE side while 29500, 29800 and 30000 act as support. With just two days to the expiry, option writers can benefit the maximum of the volatile days ahead!

Key levels to watch for – 29412, 29584, 29756, 29929, 30102, 30276

Range – 29800 to 30500

Max Pain – 30000 (D-1: 30000, D-2: 30200, D-3: 30100, D-4: 30200, D-5: 30300)

PCR – 1.07

(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 – ). 

For any queries, do post your questions here in our QnA forum here – )

Join our WhatsApp group now to get live updates about BankNifty BN Option Chain Analysis and more! Learn option trading and start earning a passive income.

Leave a Comment

Your email address will not be published. Required fields are marked *