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PostMortem on BankNifty Today & Analysis of 24 APR 2023By 09.15 around 90% of traders would have guessed how NSE:BANKNIFTY is going to trade today. Thats because NSE:ICICIBANK had an excellent quarterly results to boast for. The predictability of banknifty is, one leading bank is enough to pull up the sentiment of others. Same on the downside as well. Opening was gap up at 42469, and it took a while before it started climbing to the resistance zone. Till 12.40 there was no directional bias - banknifty was maintaining the opening gap and not yielding ground. There was no attempt to close the gap too, meanwhile NSE:NIFTY went to slightly negative zone. Just compare the price action of banknifty vs nifty50, banks did not show any weakness at all whereas nifty50 was unable to maintain the gap. --- From 12.40 banknifty took-off breaking the resistance of 42576 very easily, It just required a small upmove of 287pts to get rid of this important resistance. There was also a test of support at 14.35 to 15.05 - but the momentum was too strong and bank nifty held its ground. I am starting to wonder how are these banks able to provide this stellar results? How are Indian firms able to outperform the global peers so efficiently and effortlessly? Unbelievable. The global banking fear of Silvergate, SVB, Credit Suisse has not lifted a finger in India. Not even a glitch! --- 15mts TF get a new bullish tone after today's move and the resistance getting broker. This temporarily gives the bull the edge from the rangebound trade we had till 21st Apr. --- 1hr chart is scaling new heights, with the next resistance seen at 43012. You would have noticed banknifty usually uses gaps to move the distance from 2022 onwards. Only rarely we see banknifty making huge moves during the day. This has cooled off the options premium again, I shorted few PUT options today very well knowing that they are already near the fair value. I was not surprised to end the day in losses as there was no further decay left in the options I traded. Literally pointing that option-selling is getting very unattractive at low volatility levels.
NSE:BANKNIFTY
by viswaram
NIFTY 50Nifty it's following it's FIB level along supported by trendline Nifty : 17550 is support, Nifty hurdle 17666 then 17717 & 17777 VWAP of series is near to 17635, we are near to the same Nifty 17600 call formed a Doji and making lower high - lower lows from last six days, so need to negate for swings Nifty 17600 put moving in between 45 to 100, so only above 100 any chance of dips in market Below 45, index can head towards 17717 & 17777 Disclaimer : Posts are for educational purposes only ; not any buy or sell recommendations. Please consult your financial advisor for initiating any trades
NSE:NIFTY
by YashhikaAggarwall
clear head & shoulder in bankniftyIn the case of #BankNifty, we can see that the pattern has recently emerged, with a clear head and shoulders formation that is currently in the process of inverting. In 5 minute chart we can clearly see The left shoulder was formed, followed by a sharp drop and a bounce-back that established the head of the pattern. This was followed by a pullback that formed the right shoulder, with the neckline running through the range of 42110-42140. If the neckline is broken decisively, it would confirm the inverted head and shoulders pattern, and indicate a potential bullish reversal in the market. In this scenario, traders may consider entering long positions with a target of 42555 or even higher.
NSE:BANKNIFTYLong
by Doinel33
2
PostMortem on BankNifty Today & Analysis of 20 APR 2023 ExpiryNSE:BANKNIFTY has gained 0.29% ~ 123pts from the last Thursday to today. Except for the 1st hourly strong candle on 17th, the rest of the trading was range bound with a slight positive bias. The range banknifty traded in (max swings) indicated below. It just had a maximum swing of 1.28% and this explains why the options premium had no air in it. --- NSE:NIFTY on the other hand fell 1.14% ~ 203pts this week. The 1st candle of 17th basically set the tone for this week. The rest of the trades were contained within the shadow of this 1hr candle.  --- 20th April Analysis BankNifty is struggling to break-out from this level. Might be its taking a rest before the next move - but as it stands its out-performing Nifty50 quite strongly. Even though bank nifty was unable to take out the recent swing high, the downside protection is seen as quite strong. No matter what happens - bank nifty is not falling to the 41624 levels. Nifty50 on the other hand is going through a weak sentiment, triggered by the IT QoQ results. --- Looking at the option's premium data I strongly felt we have a down-trend post 12.30 - but the lows were strongly protected on both the indices. I must say my debit spread again went to zero ! --- 15mts chart is looking strong as ever, today's price action has confirmed that bulls are still in control. Yesterday I was of the impression that the support of 41624 could get taken out by 20th or 21st - thats because of a weak global sentiment. Seems like bank nifty has no intention to give up the gains! --- 1hr chart is also looking quite strong, the 14.15 candle of today (+156 pts) ensured that the swing-low of 42034 is not getting taken out. Also this candle gave so much of confidence to the bears - I could say with confidence that this move ensured even the Nifty50 is closing in green today! To view all the 7 charts visit viswaram. com
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 19 APR 2023NSE:BANKNIFTY had a narrow range based trade today with a minor negative bias. Yesterday's swing low was breached by 13.40, but it does not pose a major scare yet! The pattern may look bearish on the 5mts TF, but it actually isnt. Banknifty is comparatively outperforming the Nifty50 and NiftyIT index for the last 3 days. NSE:BANKNIFTY did not have enough momentum to take out the swing high or breach the 42576 levels. This along with the weak sentiment in Nifty50 would have prompted the bulls to take a small break today. There was no violent price moves or support/resistance breaks - this again ensured that the option prices remain low on the penultimate day of weekly expiry. --- The unusual low options premium in bank nifty options are nudging traders like me to switch back to Nifty50 options. I am hoping that this decoupling of banknifty with nifty50 may not last long and the volatility will normalize in the days ahead. --- The 15mts chart has not turned bearish yet. What we see could just be a consolidation. If banknifty is planning to reverse direction at this level - the the first support of 41624 has to be taken out in the next 2 days. Only if the support is taken out quickly, the momentum will favor the dip. --- 1hr chart is still looking strong, the 2 prominent gap-ups standing out boldly. It might be interesting to watch out how the global markets react to the EURO, UK CPI data today. If there are more rate hikes in pipeline - then we may have a weak global sentiment again!
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 18 APR 2023One thing I noticed this week is the variance in volatility of Nifty50 vs BankNifty. On 99 out of 100 trading days - Banknifty used to have a higher volatility than Nifty & you know what higher volatility brings to the options trading. Yes - option premium anomaly. Probably this variance was there earlier too, since I trade on BankNifty all the time - I rarely check the Nifty50 and FinNifty option premiums. But from the begining of April series - the option premiums were unusually low. I suspected it could be due to the high number of holidays this month. The reality was something different, NSE:BANKNIFTY was trading in a stable manner and the choppiness was visible in Nifty - this uncertainty made Nifty50 more susceptible to unusual option premiums. Banknifty stayed in a range today, the price moves from open to 13.05 was perfectly inline with the trend that was set from the last 3 sessions. Let me zoom out and highlight it. See the blue line, its almost a perfect straight line, the price action after 13.10 caused a blip. A fall of 387pts from the HOD to the LOD.  And why I said bank nifty was showing more signs of stability, this fall got arrested and the final closing was flat with a greenish tint. Whereas NSE:NIFTY showed weakness today also, not because of the IT sector (In fact IT was up 0.59%).  --- 15mts shows no major weakness so far. The chart is still bullish. As long as 41624 is still intact - the chart will not reverse direction. --- 1hr also is looking decently good, Just the 13.15 candle stands out from the trade today. If NSE:NIFTY shows further weakness ahead - I am not quite sure how long NSE:BANKNIFTY can stay in green. --- Just like we started discussing Finnifty Expiry from the last week - lets do it every Tuesdays henceforth. I took the expiry trades today & once the HDFC- NSE:HDFCBANK merger completes - it will be really exciting to trade NSE:CNXFINANCE because the top 4 weightage providing stocks will be the same. So we can take part in 2 expiry days in the same week. This is a blessing for anyone who is actively following the financial sector & banks in India. NSE:CNXFINANCE stayed in the range from the open to 13.25 today. The breakdown from the range came at 13.30, but anyone who looked at the red candles would have taken the trade in the short side. This fall also did not last that long, the LOD was at 13.45 and we closed more or less near the lows. The anomaly came in when the banks were doing good, but the HDFC & BAJFINANCE, BAJFINSV were pulling the index down. Thats why we had a flat day for NSE:BANKNIFTY vs red day for Finnifty. FinNifty support is at 18722 which is where it took support today. Yesterday also the first hourly candle took support at this same level. If this breaks the next support comes at 18458.
NSE:BANKNIFTY
by viswaram
Basics of Option's Delta: With ExamplesOption's DELTA represents the change in price of an option with respect to change in price of an underlying. Let's understand briefly with the help of Nifty example. 1️⃣ In the above Nifty example, 17750 is an At the Money CE option. Delta of ATM CE is near 0.5 Which means that if spot moves 10 points, 17750 CE will move 5 points. Normally ATM options are highly volatile options. 2️⃣ 17700 is slightly In the Money CE. Delta is 0.7, means if spot moves up 10 points, the CE option will move up by 7 points. Volatility is fairly high in this one too but less compared to 17750. ⚡If you open the chart of the above options, you will see spikes with lot of wicks above and below the candles (if market stays around these levels). Also, there will be a lot of breakout/breakdown failures over the swing highs and lows in the intraday. This is due to highly volatile nature of ATM options. 3️⃣ 17650 and 17600 are deeper In the Money CE options. You can see that the delta is around 0.9 It means that if index moves 10 points, these CE option will move 8-9 points also. These options are less volatile compared to ATM options. ⚡The deeper the CE option, the higher would be the delta, but the value of Delta never exceeds 1. You should note that deep ITM options just behave like the underlying Futures. Means a 1-point movement in the underlying equals 1 point move in the option. So, if you don't want to trade futures for some reason, you can trade with deep ITM options. ⚡⚡Remember that Delta varies as the market moves. Ex if market moves down by 100 points, in this example, then Delta of 17650 CE will become 0.5 as it will be ATM at that point. This behavior along with higher Theta of ATM needs more attention. ⚡Needless to mention, the Delta of Out of the Money CE options remains less than 0.5 and it keeps on decreasing as we move deeper into OTM CE options. Ex Delta of 17900 CE is 0.05 while publishing this post on the expiry day. This is the reason that an OTM CE will have bare minimum movement with respect to movement in the underlying. Disclaimer: I don't call myself an option expert and I am not much into complex option strategies. But this is the least that one should know as an option trader. Do like for more informative posts in the future. Regards
Editors' picks
NSE:NIFTYEducation
by Bravetotrade
21
PostMortem on BankNifty Today & Analysis of 13 APR 2023 ExpiryWe will start with the weekly analysis first, that is what happened in the series 7th to 13th April. The revised format is to provide an executive summary per week. This will benefit you for further research. Since 7th April was holiday, I have taken the closing price of 6th April as starting point. We had a 2.8% ~ 1148pts rally in this week. Let me zoom out and provide a perspective of what this means. If you notice we had a breakout from the 41311 levels which was the swing high of 6th April. Also notice how we broke the channel upper band. The beauty of break-outs are that the final leap will be intense - notice how we moved 367pts just in the closing hour today. The real momentum picked up once we crossed the 41624 level which was the swing high from 6th March 2023. Note the M like pattern formed then. And what followed from the was a fall to the 38690 level. From there bank nifty came back strongly & finally took out this resistance today. One particular strike ie 42000 CE stands out today, let me pull its chart here We had a rally of 3335% ie up 129pts from Rs4 today. The real power of options explained in just 1 strike! --- Coming back to the daily analysis now. Bank nifty opened at 41680 and fell for the first 5mts. From there it maintained a flattish pattern till 12.35 near the 41624 support/resistance zone. It was quite clear that if we break out from this level we will have huge momentum. However I was still looking at the bearish side. My analysis made me think bearish & plan that way. Once we started breaking out at 12.45 - there was no stopping. The momentum favored the breakout. Even though I was inclined to take a bullish position, I did not. I simply did not have enough confidence and this is where the market wronged me. As I stated earlier, 42000 CE was in my radar at 4.30 level - the magic by which it closed at 132 level still shocks me - an opportunity lost. For the option sellers who would have sold the 42500 CE and upwards never felt threatened as those strikes did not surge like the 42000 one. --- Now the 1hr chart is also screaming bullish, at least it is out of bear's hold for now. 41600 & 41800 both are safely breached. As most stock markets are skewed in favor of the bulls i.e everyone wants the stock market to go up. So when we see out-performance more people will join in and add funds - the classic FOMO effect. Since tomorrow is a holiday, we would need to wait for Monday to see further action. If we do not get any negative news from the global markets - bank nifty will be rocket-powered next week too.
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 12 APR 2023NSE:BANKNIFTY held out to a perfect trend continuation from yesterday.  If we notice closely the pull backs were not strong enough to break the momentum. I sincerely thought we will have a reversal or a bearish day today and had taken PE debit spreads to capitalize.  If we analyze today's pattern closely NSE:BANKNIFTY took some time to take out the 41455 resistance. It was hanging around this SR zone for quite some time. Only at 13.20 did we break away from the area. And once we broke that, banknifty started another leg of rally to the next resistance of 41624. Also notice the pullback from 13.40 to 14.55 gave it good confidence as the support of 41455 held. Now why was I bearish - mostly I went with the contrarian decision to go short before the US CPI data. If you track the US markets you can see SPX is well above the bearish channel. This might give the US agencies to release a hotter CPI data as the markets will be ready to absorb it. So I applied the same logic here, if we were to crash - then the 40800 to 40700 levels looks quite possible.  95% of traders would have made money, excluding people like me as the current situation is of a break-out. And you should always stick to the main trend to keep your pockets full of cash ! What I did today is to go against the trend, try to me a little adventurous. --- 15mts trend is again favoring the bulls. I am so very sure 95% of traders will be looking out for bullish opportunity in bank nifty as the chart cries bullishness. --- On the 1hr chart, a resistance breach of 41624 is going to give bulls immense momentum. Last time we were at that level we had a double top M pattern formed i.e. on 6th and 9th March 2023. And then you know what happened - we fell all the way to the 38690 support level. So tomorrow is going to be a very serious day to have either a decisive breakout from these levels or fall back to range. The jump on 31st March has made all the difference to this chart and has given the bulls a new hope.
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 11 APR 2023 Banknifty had a mega pre-open boost by NSE:KOTAKBANK , it was up 5% by 09.10 which indicated the bears will get their bones crushed today. Contrary to the popular belief, Kotak bank has the 3rd most weightage to bank nifty above SBIN and NSE:AXISBANK even though kotak has lower net interest income. And today's 5% gap up due to the MSCI news spelled real trouble. Bank nifty opened gap up at 41232 and had a massive 1st 5mts candle. There was a price swing of 297pts in the opening 5mts. What it created was a break away gap negating the downward sloping pattern from 6th. The jump in volumes also proved we had a sentiment shift too. Was the MSCI news a big trigger - I do not think so, but it really helped the bulls breakout from the bearish grip. Also it would have spoiled few CE seller's Finnifty expiry. There was also a healthy rally to take out the resistance at 41311, NSE:ICICIBANK , NSE:SBIN all helped to close bank nifty with a lead of 531pts. --- 15mts is showing the break out quite decently. And this is formed above the channel top line which will give it good momentum. Yesterday we discussed the possibility that the bears may want to take control and bring NSE:BANKNIFTY to the range - well, that is not going to happen very soon. The last time we had a breakaway ie on 31 Mar 2023, the volume spiked. Today also the volume was considerably higher than usual. And also note, the stock market is heavily skewed in favor of bulls. Everybody like to make money and push prices up. Only few people like me prefer to find contrarian trends - mostly on the bearish side. --- 1hr is showing the trend channel breakout quite clearly. See the break away from the purple downward sloping line. Till yesterday we had a hope to get trades below 40700 levels and stay in the bearish medium-term trend. The only hope for bears now is to watch out for the US CPI data tomorrow. A massive sell off could bring back NSE:BANKNIFTY back to realistic levels of 40700 or lower. --- I will also be covering Finnifty charts on Tuesdays wherein we have the weekly expiry NSE:CNXFINANCE has a similar chart to bank nifty, that makes it quite interesting to take expiry trades just as we do on Thursdays. The W pattern indicated in blue highlight was formed in the same similar fashion. Today's trade happened above the recent swing high ie from 06 Mar 2023, this again is a breakout style of trade. Just as when NSE:BANKNIFTY falls below the 40700 levels, we can expect finnifty to fall below the 18246 SR zone and continue its range trade. But if that does not happen soon, then the only way we can look is to handle the bullish momentum.
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 06 APR 2023 ExpiryYesterday we discussed in detail the RBI MPC possibilities. If you read the article - I was expecting a hike. Surprisingly RBI maintained status quo today. Even when the inflation is at the elevated level a pause in rate hike should not be taken very lightly. An optimist would say it is an excellent decision that RBI is offering some breathing space for the financial markets. But a pessimist will see the decision today as an evident threat to the banks & lenders. In his speech RBI Governor emphasised how the global financial institutions became victim to the rate hikes carried out in advanced economies without naming SVB, Credit Suisse. If we apply the same logic here, it means the banks in our country may be having immense pressure coping up with the NPAs and issue of new loans. They may be at the verge of a breakdown that RBI decided to give them time to recoup. Inflation might have got a free hand here to run a little loose for now. It will be interesting to see how RBI reacts the next quarter. The upcoming summer season, rise in power/electricity utilization, depletion of coal reserves, less than normal monsoon are all parameters RBI takes into consideration along with the projections for crude oil. Download the RBI monetary policy report click here. --- Coming back to our NSE:BANKNIFTY analysis for today. We discussed the possibility of a pull back to the range level which should encourage the bears. Well that came early in the day. I must say we were on track to break the crucial 40880 support & the RBI surprise played spoilsport. Just after the declaration, banknifty jumped 321pts ~ 0.79% to break away from the support level. This ensured the 41500 CE which was just 700pts away from ATM spike 293%. i.e a surge of 18pts. 41000 CE went in the money and surged 208% ~ 151pts in the same time. I wanted to bring to your attention percentage wise 41500 CE gave a higher ROI vs 41000. Whereas 42000 CE did not even go past 93%. Just so that you know how to find the sweet spot ! By 11.10 the momentum faded and we started falling, and we were trading slightly negative between 13.45 to 14.25 before closing flat. I cannot really say the reversal at 11.10 came from the resistance level of 41311 as NSE:BANKNIFTY did not reach there. Even after these events the OTM of call as well as puts were totally dead today. The premiums were very low ruining any chances of arbitrage opportunities as part of weekly expiry. So personally I had a losing day! --- 15mts TF looking strong and bullish. Since it's a holiday tomorrow we would need to wait till Monday to know the next move. If the global markets fall in the next 2 sessions, then we may have a gap down. If everything stays normal then NSE:BANKNIFTY would be rejoicing the resistances it has torn apart & would like to keep moving up. --- 1hr TF has formed the perfect W pattern which leaves us with a question - will bank nifty continue to break the bearish trend it started in 14 Dec 2022 ?
NSE:BANKNIFTY
by viswaram
#BANKNIFTY Short Term Positional View ( 1 - 3 months)#BANKNIFTY Short-Term Positional View ( 1 - 3 months):- Let me post what I see: a double zig-zag painful correction in the market, where positional buy is only above 42,000 levels (closing basis). People will get trapped on both sides and until and unless, you are ready to read this complex correction in a minute way, making money will be challenging in the coming 2 to 3 months of time. I prefer to trade lightly in the coming few months. Techno Funda on double zig-zag:- Double Zigzag Correction is a complex corrective wave pattern that appears in Elliott Wave Theory. It is a variation of the standard Zigzag correction that consists of two zigzag patterns separated by a complex correction in the opposite direction. The double zigzag correction can occur in both bullish and bearish markets and is considered a corrective wave that corrects the previous impulse wave. The Double Zigzag Correction is identified by the following characteristics: The correction consists of two zigzag patterns, labeled (W) and (Y). The zigzag patterns are separated by a complex correction labeled as (X). The correction ends with a final zigzag pattern, labeled as (Z). The (X) wave is usually longer and more complex than the (W) and (Y) waves. The (W) and (Y) waves are usually equal in length. The Double Zigzag Correction is a time-consuming correction that can take a long time to complete. It is usually seen in markets that are undergoing a strong trend reversal. The pattern is useful for traders who are looking for a countertrend trading opportunity, as the pattern provides a clear entry and exit point for trades. It is important to note that the Elliott Wave Theory is a highly subjective method of analysis, and the accuracy of any wave count is subject to interpretation. Therefore, traders should use caution when using the Elliott Wave Theory as a basis for trading decisions and should always use additional technical and fundamental analysis to confirm their trading decisions. Always trade what you see, not what you feel. Always enjoy trading and avoid trading when you are mentally disturbed. Regards, SG
NSE:BANKNIFTY
by subhagghosh
6
#BANKNIFTY - 21/03/23 MARKET VIEWBased on the current market activity and price action analysis, it appears that BANKNIFTY is exhibiting a strongly bullish trend as of March 21st, 2023. Throughout the day, buyers have been overwhelming the market, indicating a high demand for BANKNIFTY and a positive sentiment among traders. Given this market behavior, there may be a favorable long trade opportunity available within the range of 38950-39150, with a Target price of 39700 and a Stoploss at 38600. However, it is important to note that the decision to enter into any trade should be based on an individual's financial goals, risk tolerance, and investment strategy. Moreover, traders should always exercise caution and implement proper risk management techniques, such as setting stop-loss orders, to minimize potential losses. It is also important to continually monitor market conditions and adjust trading strategies as needed to ensure optimal performance.
NSE:BANKNIFTYLong
by DamisInvestments
The Ultimate Rules for Options Day Trading SuccessNSE:BANKNIFTY Introduction If you want to be a successful options day trader, it's not just about having a good strategy. You also need to develop your expertise, seek guidance when needed, and be dedicated to your goals. To do this, you need to be disciplined and follow some options day trading rules. These rules can help you avoid common mistakes and take away the guesswork. Here are some rules that every options day trader should know and if you use them in a disciplined manner then they have been proven to help beginners become winning options day traders. Some important rules are :- Rule 1 Setting Realistic Goals for Options Day Trading One of the most important rules for success in options day trading is to have realistic expectations. Options trading is not a way to get rich quickly, but it can be a profitable career if you put in the time and effort to learn and master the craft. You need to be prepared for a learning curve and be willing to stick with it even when it gets tough. You should also expect losses, as no strategy can guarantee gains all the time. Good money and risk management can help minimize losses. Rule 2 Start Small to Grow Big When you're new to day trading options, it's important to be cautious. You're still learning about options trading and the financial market, so take your time. Don't rush into things, even if you're excited. Start by practicing with paper trading and then move on to smaller options positions. Gradually increase your positions as you become more familiar with day trading options. This approach helps you minimize your losses and develop a systematic method for entering positions. Rule 3 Know your limits You may be tempted to trade as much as possible to develop a winning monthly average but that strategy will have the opposite effect and land you with a losing average. Remember that every options trader needs careful consideration before that contract is set up. Never overtrade and tie up your Capital. Overtrading will make money for your broker not you. Rule 4 Get Prepared Mentally, Physically, and Emotionally for Options Trading To succeed in options day trading, you need to take care of your mental, physical, and emotional health. This means getting enough sleep, eating a healthy diet, exercising regularly, avoiding excessive alcohol and smoking, and reducing stress in your environment. These habits will help you stay alert and focused throughout the day. So, take the time to care for yourself and perform at your best every day. Rule 5 Do Your Homework Daily – Plan your day Before the market opens, study the financial environment and news to develop a daily trading plan. This is called pre-market preparation and it's essential to stay competitive and align your strategy with the day's conditions. Develop a pre-market checklist that includes evaluating support and resistance, checking the news, assessing volume and competition, determining safe exits for losing positions, and considering market seasonality. Rule 6 Analyse Your Daily Performance Track your options day trading performance daily to notice patterns in your profits and losses. This will help you understand why you're gaining or losing money and fine-tune your processes for maximum returns. Reviewing your daily performance will also help you make long-term decisions for your options day trading career. Rule 7 Pay Attention to Volatility Volatility is how likely the price will change over time in the financial market. It can be good or bad for an options day trader, depending on their goals and position. Many factors affect volatility, like the economy, world events, and news reports. Straddle and strangle strategies are helpful in volatile markets. There are three types of volatility: price, historical, and implied. Price is based on supply and demand, historical looks at past performance, and implied predicts future performance. Rule 8 Use Option Greeks Greeks are measures that help to determine an option's price sensitivity in relation to other factors. They are represented by letters from the Greek alphabet and are used in complex formulas to determine option pricing. Despite their complexity, Greeks can be calculated quickly and efficiently, allowing options day traders to use them to improve their trades for maximum profit. Delta, Gamma, Vega, Theta, Rho Learn about option greeks from here I hope you found this helpful. Please like and comment. Keep Learning, Happy Trading!
Editors' picks
NSE:BANKNIFTYEducation
by SANJAYPATIDAR_
4