13th March 2019 – Another rally in Bank Nifty powered by HDFC bank and heavy buying across most of the banks. CE writers had to run for their money as BN surged to all-time highs today. Mass CE short covering across most of the ITM CEs (till 28900 CE). Option chain – 28900, 29000 and …
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 …
11th March 2019 – BN started with a gap up and continues to rally post the announcement of election dates. 28055 being a very strong resistance, BN seemed to hover just below the level, to settle down just below 28000 at day’s close. Heavy addition of OI across CEs (28200 to 28600) and Pes (27600 …
8th March 2019 – It was a day of consolidation with negative trend. BankNifty started off a little gap down and was almost within the Fibonacci support and resistance range 1. Heavy addition of OI across CEs and PEs Option chain – 28000, 28200 and 28300 act as the resistance on the CE side while …
BankNifty BN Option Chain Analysis – 8th March 2019 Read More »
7th March 2019 – BankNifty started off at yesterday’s close, and it was moving sideways until the second half. It managed to breach the 3rd Fibonacci level of 27,780. It was an expiry with a good movement in the end. Option chain – A good amount of OI was added on both call and put …
BankNifty BN Option Chain Analysis – 7th March 2019 Read More »
6th March 2019 – BankNifty started off with a gap up, and was unable to breach the Fibonacci level 1 at 27,740. There was a bit of consolidation in both the indexes until 1:30 PM, and a slight recovery towards the end. 27,750 was the recent high and it will be interesting to see if …
BankNifty BN Option Chain Analysis – 6th March 2019 Read More »
5th March 2019 – After a quiet start for the index, Banknifty rallied almost 2% from the day’s open. A lot of sentiments (Oil supply increase via Libya’s largest oil field, China’s growth forecast, INR recovery, border tensions-general elections) helped move the index and end on a very high note. Option chain – On the …
BankNifty BN Option Chain Analysis – 5th March 2019 Read More »
1st March 2019 – After a very quiet expiry, BankNifty saw a gap up of close to 150 points. BN was trading within a 150 point range the entire day. Option chain – On the call side, there was heavy call writing across 27300 to 27700 levels. 27500 continues to be a very strong resistance. …
BankNifty BN Option Chain Analysis – 1st March 2019 Read More »
28th February 2019 – It was a very quiet expiry for BankNifty as the Range (high-low) was around 160 points which is just 0.6%. More Put writers suffered as the Max Pain was 27000 at the previous close. Option chain – The resistances are at a very narrow range on the CE side – 27000 …
BankNifty BN Option Chain Analysis – 28th February 2019 Read More »
As you are likely aware, the geopolitical situation between India and Pakistan has deteriorated significantly over the last couple of days. In these circumstances, the markets enter a period of heightened volatility. BN saw a very weak gap up and within first 2 hours, it fell 350 points. Border tension caused heavy short covering at …
BankNifty BN Option Chain Analysis – 27th February 2019 Read More »
