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Option TradingTo read an option chain, you can look for the following information: Strike price: The price at which the stock is bought if the option is exercised Premium: The price of the options contract, or the upfront fee paid by the investor Expiry dates: The dates on which the option expires, which can affect the premium Open interest (OI): The total number of outstanding option contracts that have not been settled Implied volatility (IV): A percentage that indicates the expected price fluctuations, and the level of uncertainty or risk in the market Bid: The best available price at which the option can be sold Ask: The best available price at which the option can be purchased Volume: The number of transactions that have occurred on the current trading day Net change: The net change of LTP, where a positive change indicates a rise in price and an unfavorable change indicates a decrease in price Bid qty: The number of buy orders for a specific strike price Ask qty: The number of open sell orders for a specific strike price Here are some other tips for reading an option chain: The option chain is divided into two sections, calls and puts, with calls on the left and puts on the right The current market price is displayed in the center ITM call options are usually highlighted in yellow Higher open interest usually indicates higher liquidity and market activity
NSE:BANKNIFTYEducation
by SkyTradingZone
NIFTY BANK Vs PSU Bank Vs Private Bank I was wondering who is pushing the Bank Nifty, so I decided to visualize this by this simple comparison. The three major PSU banks are compared with the NIFTY BANK there market cap is as follow 3 (25%) PSU banks out of 12 holds 28.05186836 % of NIFTY BANK VALUE. 9 (75%) Private banks out of 12 holds 71.94813164 % of NIFTY BANK. YoY in % YTD in % 30 mar to 18 Nov in % BANK NIFTY -5.56 -8.14 57.31 PSU BANK* -41.95 -43.64 6.03 State Bank Of India -25.47 -26.3 31.7 Punjab National Bank -49.1 -52.8 -7.29 Bank Of Baroda -51.28 -51.82 -6.32 PRIVATE BANK** -17.32 -19.41 62.00 INDUSINDBK -42.02 -45.4 96.12 AXISBANK -13.6 -15.58 72.68 ICICIBANK -1.29 -8.21 56.2 HDFCBANK 11.16 9.92 68.91 RBLBANK -32.71 -36.7 47.8 KOTAKBANK 12.16 9.91 42.9 BANDHANBNK -37.12 -29.3 66.43 FEDERALBNK -32.51 -33.8 45 IDFCFIRSTB -20 -25.6 62 *Average of PSU banks included in NIFTY BANK only ** Average of Private banks included in NIFTY BANK only (YoY) in % YTD in % 30 mar to 18 Nov in % BANK NIFTY -5.56 -8.14 57.31 PRIVATE BANK** -17.32 -19.41 62.00 PSU BANK* -41.95 -43.64 6.03 Where BANK NIFTY is down by 5.5% PSU BANK* is down by 41.9% on YoY basis. After 30 march 2020 where BANK NIFTY is up by 57.3% PSU BANK* is only up by 6% even though PSU banks holds 28.05186836 % of NIFTY BANK VALUE. It is interesting to see that after 30 march 2020 ,the 28.05 %(%value in Bank Nifty) of 57.3 is 16.7 that means PSU BANKS** contribution in Bank Nifty is lagging by (16.7-6=10.7)10.7% It is interesting to see that after 30 march 2020 ,the 71.94 %(%value in Bank Nifty ) of 57.3 is 41.24 that means Private BANKS** contribution in Bank Nifty is leading by(62-41.24=20.76) 20.76% With the above observation it is clear that at least PSU banks included in NIFTY BANK are the ultimate underperformers and the move of NIFTY BANK is solely because of the Private banks in NIFTY BANK in the last two years Data Taken from nseindia official website. Let me now what's your take on the above observation in comments and also comment about such bad performance of PSU banks.
NSE:BANKNIFTYEducation
by TJalam
2
Bank Nifty : Why did it fall 3% From Highs of 30008 (Harmonics)Dear All At Tradingview , I hope you all are learning from my charts . This time , I have mentioned the reason of fall in Bank Nifty & Why did it rise from Lows of 24240 formed in October . Answer is ABCD Patterns . Ask any query on comment box or DM me . Some Basics of ABCD Pattern : The AB=CD pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback. In the AB=CD, the C point will be a defining level for the completion of the pattern. Although the BC projection is critical in this structure, the most significant harmonic number is the exact completion point of the AB=CD. Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section . Disclosure : I am not A SEBI Registered Technical Analyst ! Regards , Mohit Jangir (KBMJ) Happy Trading !!!
NSE:BANKNIFTYEducation
by Mohit_Jangir
6
Understanding the SMART Money Flow - Myth or Truth?What is Smart Money and what it does in Markets? The most asked but unanswered question. In the chart, I have taken a scenario from October big down move and plotted how Money was withdrawn before the devastating move. Yes - The people who knows when to enter and exit the market - Are SMART, isn't it SMART people understand the VALUE and Fundamentals to find the right entry and exit points. Only the retail traders or Investors gets locked in the big moves thinking the move will be corrected. From the Money Flow analytics from the underlying stocks it can be sensed that the SMART people are exiting from Bank Nifty Cash Market. Futures is a speculative product, still above the Cash Market - Sending some wrong signal. So, As mentioned in the chart - Take a wise move and trade successfully. For Access Money Flow analytics, Reach out to me.
NSE:HDFCBANKEducation
by bearishbull1968