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Bankniftyoptions

#BANKNIFTY - 27/03/23 MARKET VIEWBased on the current market analysis, it appears that the Banknifty index is poised to make a bullish move towards the upside direction on the 27th of March, 2023. It is important to note that there are two key support ranges to consider, with one being between 39000-39100 and the other being between 39300-39400. In light of this, a favorable trading strategy would involve taking a positional trade with a decent target of 39600, and a small stop loss set at 38900. It is recommended to closely monitor the given levels and look for a suitable opportunity to make a calculated trade.
NSE:BANKNIFTYLong
by DamisInvestments
BankNIFTY DOwntrend Movement with Risk:reward 3.1 #BankNIFTY DOwntrend Movement with Risk:reward 3.1 Bank Nifty analysis Time frame 4 hours what is the analysis? Why downtrend? will analyze the conditions for a down trend First, we will check the moving average condition, then Volume and RSI. Let us summarise the downtrend movement of Banknifty: Analysis is downtrend movement /sell a call with risk to reward ratio of 3.3 with SL 40431 and a target we can expect upto 36600 Hope our analysis is adding value to your TRADING JOURNEY N I WISH U a BRIGHT FUTURE IN TRADING. HAPPY TRADING. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
NSE:BANKNIFTYShort
by TanujaK
PostMortem on BankNifty Today & Analysis of 23 Mar 2023 Expiry Interesting price action today, not only did bank nifty end 0.96% down - it broke the crucial support of 39742 today. You might be already aware that i was expecting a bearish week, the 39500/39400 4:5 debit spread of mine was sitting at a loss right from monday. Today's gap down opening at 39836 gave me some hope that we will have a miraculous down day. The handout from US markets yesterday was completely bearish S&P500 lost 1.03% in the last 15mts of trade. So it is just commonsense that we expect our markets also to trade negatively. But what happened was totally unplanned for, banknifty took support at 39742 by 09.25 and then started rallying up. We had a 1.18% ~ 468pts rally from the LOD to HOD by 12.45. And usually when markets move upwards, the options premium drops equally fast. Volatility cools & more people join the party as bullish rallies are easier to participate. By 12.46 i took a debit spread of 39800/39700, i am not here to brag how much money i made. Infact i am going to show you how much i lost. So now my hedge has 1 debit spread and 1 debit ratio spread - but i was not finding any OTM puts unusually priced. All of them were already near the fair value. The cyan colored solid line is where my debit spread will go in the money. At 12.46 bank nifty was at 40200, i was expecting a rejection from the resistance level of 40131. Honestly i never thought my debit spread will even go in the money. Normally i take debit spreads to hedge for the naked options that are sold. But today i took the spread first and then thought will take the short position once the market starts dropping. The resistance rejection came at 13.40 and then there was a strong down move. But it was already late, we hit the blue line by 14.30 and with just an hour to go for close. So when i saw the 2nd candle at 14.35 i thought that bank nifty may not fall further, it was already at 39799 and then the support is just 50 pts below. My intuition told me bank nifty will bounce back from the support level and if that happens my debit spread will go worthless (to zero). So i squared off the position right away making a return of 7.6 times the premium paid. Guess what happened next, between 14.40 to 15.10 bank nifty fell another 273pts ~ 0.69%.  Once it broke the support line, the single 5mts candle itself swung 147pts. And guess what my position would have made an additional 25.7 times the premium paid. 7.6 & 25.7 times means 630% & 3074% respectively. Now these are the one-off lottery deals that come up. The mistake i made was to think the time factor will get in the way of delta increase. --- So now on the 15mts we have broken the support level, the red candle right after the break is showing some signs. Also notice 8 consecutive red candles. --- Bank nifty lost 1% in just the 1hr candle at 14.15 - this is the candle that broke through the support level. Further price moves are going to get exciting & i would like to see the next support level of 38690 to be taken out before the bearish momentum continues. see all 7 charts in today's report at viswaram. com
NSE:BANKNIFTY
by viswaram
#BANKNIFTY - POSITIONAL VIEWBased on recent market analysis, it has been determined that BANKNIFTY is expected to display a bearish momentum in the upcoming days. In light of this forecast, short-term traders are advised to consider either shorting or purchasing put options for the next month expiry. It is recommended to identify the key sell range between 39830-39980, with a targeted goal of achieving 39650, 39400, and 38950. However, it is imperative to note that the suggested strategy should be implemented with a stop-loss in place at 40600 to minimize potential losses. This approach will enable traders to make informed decisions while navigating the market's dynamic conditions and pursue their investment objectives with greater confidence.
NSE:BANKNIFTYShort
by DamisInvestments
#BANKNIFTY - 22/03/23 MARKET VIEWIf the BANKNIFTY spot index experiences a 15-minute candle closure below the critical level of 39900, it may indicate the potential for a bearish market sentiment. In such a scenario, traders may consider a target range of 39700, 39500, and 39100 with a recommended stop loss at 40100. It is important to note that this information is intended for informational purposes only and should not be construed as investment advice. As always, investors should conduct their own research and consult with a licensed financial professional before making any investment decisions.
NSE:BANKNIFTYShort
by DamisInvestments
PostMortem on BankNifty Today & Analysis of 21 Mar 2023Today was a different day for me personally, i almost lost focus at around 10.30am & i posted the same in banknifty minds. "$BANKNIFTY i have no clue on the direction - options data/flow is confusing today" I normally use options flow/data to guess the direction of NSE:BANKNIFTY rather than the direct candle stick or chart pattern. Options data usually does not give false signals unlike chart patterns. From the open till 12.40 i did not see the options premium or skew happening which prompted me to post that message. Since i dont do straddles - the best non-directional trade was out of my arsenal. The reason i dont rely on straddles is because of current global scenario. Any time in the day the volatility can shoot up & kick your teeth even before you know it. Most of the traders are pre-determined that they are ready to take a loss to make a profit later. I do not trade with the mindset to lose. Not that i dont lose money, but i dont make a plan to set a loss amount first & then plan for a lottery kind of win. I usually wait for high probability trade scenarios & only commit when conditions are favorable. The small range we were in till 12.40, straddlers who held on till 12.40 would have made decent gains due to the time decay.  But who did not square off would have seen their call options go way in the money & the losses quadrupled.  The upmove really started at 12.00 and gained upto 1.42% ~ 558pts by 14.50. This gain shows 2 major things The bulls are still having lot of faith in the NSE:BANKNIFTY that they could drive up the demand even from the low point of the day. The important resistance of 39742 is broken on the 5mts, 15mts & 1hr chart which means further rally is in the cards. At 13.14 i posted this "$BANKNIFTY 39742 resistance has to be broken for a bias change" I ended up on the losing side as i strongly felt the rally will not break the resistance. Once it broke it i placed some orders to short the PEs - but they missed the price targets by 10paisa :( And my 39500/39400 4:5 ratio spread is sitting at a loss ! --- For the 15mts TF, we discussed yesterday about the possibility that it could be in a range. Today's resistance break give it wings. It could soon scale upwards if we have a decent US market close today. --- 1hr TF is interesting as bank nifty is back in the range of 39742–41624 after a gap of 7d 22hr ~ 40 hrs. Since NSE:BANKNIFTY is back in the range - it brings in excellent range based trade possibilities. Iron condor, Iron fly & even credit spreads could work wonders if deployed & adjusted correctly. --- Contra view: looking at the bank nifty components i did not see a spike in volumes in these banks when the 39742 resistance was taken out.  There is a small probability that it could even be to adjust for the Finnifty expiry - if thats the case then the 2nd half of tomorrow we could see a crash that will take bank nifty below the recent swing low.
NSE:BANKNIFTY
by viswaram
#BANKNIFTY - 20/03/23 MARKET VIEWAfter analyzing the BANKNIFTY chart on the 15-minute time frame, it appears that there is a noticeable bearish sentiment in the market. This is indicated by the current dominance of sellers, which suggests a potential downtrend in the short term. As such, it may be wise to consider a short entry position at 39190. This would involve selling BANKNIFTY at the current price with the expectation that it will decrease in value, resulting in a profit. To manage risk, a stop loss order can be placed at 39460. This will automatically trigger a sell order if BANKNIFTY rises above this level, helping to limit potential losses. The target for this short position is set at 38760, which represents the expected price level for BANKNIFTY to reach as it moves lower. Once this target is reached, the short position can be closed out to realize a profit. Overall, based on the current market conditions, taking a short position in BANKNIFTY at 39190 with a target of 38760 and a stop loss at 39460 may present a potential trading opportunity. However, as with all investments, it is important to carefully consider the risks and conduct thorough research before making any trading decisions.
NSE:BANKNIFTYShort
by DamisInvestments
Banknifty weekly analysis for 20/03/23.Banknifty on the weekly time frame has given a nice lower wick rejection and formed a doji. Though the market are in the bearish move but the weekly candle is showing a short term positive momentum in the index. For last 2 trading session the market has sustain the opening levels and soaked in all the sell pressure it exerted in the last hour of session. 38.2% fibonnaci level is near and if it starts trading above it, 50% levels can be reached. On the hourly time frame, the market has show a 'U' shape kind of a recovery and the last hour momentum is showing some positive sentiment. SGX nifty is showing a negative closing of 117 points. Indian markets will follow the global market, watch for the global market in the morning. Support :- 39000, 38550 Resistance :- 39780, 40080 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum