11th Oct ’23 - BankNifty is still neutral, Nifty has broken outBankNifty Weekly Expiry
Between the last expiry and today, BankNifty has gained 525pts ~ 1.2%. The fall on 9th October was nicely covered up by the price actions on 10th and 11th. This is the 2nd time BankNifty has recovered after falling below 44068, the bulls are still strong.
BankNifty Today Analysis
There were many things different about the expiry today. We went in with very low options premium. So when we opened gap-up of 180pts the option mispricing was very much evident. It took a while for the CE options to start surging - most interestingly the OTM call options went on to make day’s high after BankNifty started cooling off from the day’s high. Few of the OTMs surged above 120% - quite unbelievable.
If I draw an orange line from the recent double-top formation - it ends up right at today’s intraday high. The inability to break this interim top will become a problem for BankNifty bulls. Nifty on the other hand managed to cut through the resistance, BankNifty is still undecided. This is the main reason I went with a neutral stance yesterday, even though we ended the day with 0.35% gains - the bulls are not strong yet.
For tomorrow I wish to go long only if BankNifty manages to take out the 44712 interim resistance in the opening hour. Ideally, it should be able to do it as HDFC Bank was looking quite dangerous in the afternoon session. These days NiftyIT has more fluctuation and volatility than BankNifty making it an interesting candidate for FnO - Still not sure why NSE has not considered it.
Search in ideas for "OPTIONS"
10th Oct ’23 - Leader in trend changes - BankNifty PostMortemBankNifty Analysis
The real reason for the rally on Nifty was BankNifty. Remember yesterday we discussed how it fell below the support of 44068 and then had an intraday rejection. We also went with a bearish view for today.
The first thing the gap-up and the swing of 1st candle did was to breach the resistance. A +268pts ~ 0.61% open was more than adequate. Then till 11.55 - BankNifty was spiceless - no intent to move in either way. Then from 12.00 to 13.40 - we had pure magic. A rally of 407pts ~ 0.92% to break away from the support in style.
We also came pretty close to taking out the swing high of 6th October - but the last 2 hours saw some profit-taking. BankNifty at its best - the options premium also started swinging in a wider range expecting more firepower.
On the 1hr candle, we are out of bearishness but I am not bullish yet. Yes, today’s price action gives it a lot of momentum - but we need to retest the 44628 to 44731 levels and break it for bullish momentum to spike. I wish to change my stance from bearish to neutral till we get more clarity. Since we have the weekly expiry tomorrow - I hope the options premium will jump just like we did today, otherwise the options selling will not bring good bang for the buck.
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How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
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Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
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Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
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#This channel Purpose to share market ideas.
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How to Identify Trend and Entry By Big Bull👑🤑🤑💸💸👑Royal Trend👑
Topic Trading Things
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
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How market really work with number's
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
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Topic Technical Trading Part 1
In this video we try to understand the Actual Trading in Intraday and Long Term Treading
How market really work with number's
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
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We Talk Why we take Today Trade and talk about some Physiology in Trading.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
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Hello Guys in This Video We share How to Trade in Option's Market.
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Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Banknifty ( only for minimum 250-300 points target)Banknifty. (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
.
.
For " long "
entry: 44575 / 45025
target: 45030 - 45250 - 45760
stoploss: 44430
.
.
For " Short"
entry: 44430
target: 44250, 44030
stoploss: 44580
.
Enter only if market Breaks
"Yellow box" mentioned.
.
Wait for proper reversal and conformation.
.
Don't make complicated trade set-up.📈📉
Keep it " Simple, Focus on Consistency "💹.
Refer our old ideas for accuracy rate🧑💻.
Valuable comments are welcomed-✌️
.
.
[ i]Disclaimer:
Our Trading style is not to capture "10-20" points per trade.📊
We take entry only for min "200-300" points without any distractions.💹
So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈
So, please consider others ideas.
This is for educational purposes.🧑💻
24 Aug ’23 Post Mortem on BankNifty, Bulls have the upper hand🐂BankNifty Weekly Analysis
Between the last expiry and today, BankNifty has gained 595pts ~ 1.36%. This is exactly why I said banknifty works as a leading indicator to detect trend changes. If you notice carefully the outperformance has started in BN, not quite in N50 (up only 0.17% weekly). And in the turn of events today, BN held its ground - cheers for that !
BankNifty Daily Analysis
Today’s price action was action packed just like Nifty’s. If you are an options trader a simple glance at the OTM premiums will help you understand what I am trying to say. Since we had a gap-up opening an implosion in implied volatility followed which killed the options premium.
Once we hit the day’s high 44949 @ 09.45 and the reversal started - the options premiums (OTMs) started jumping unusually. And what followed was a strong profit taking I must say. We fell 513 pts ~ 1.14% from the HOD to the LOD today. The intensity of the fall 1.10% was the same as that of Nifty but a higher gap-up combined with a climb to the high of the day gave banknifty a better closing than expected.
BN closed flat at 0.04% compared with N50 which fell 0.29%. Also on the 1hr TF banknifty is still bullish as the falling wedge pattern is untouched. As long as it stays this way, the momentum will pick in BN and a breakout will play out.
On the other hand if we get into the falling wedge pattern even after the convergence, it results in an immediate support breach which is quite bad news for the bulls. Looking at the performance this week - the trend should favor the bulls wherein the Nifty bulls could play the catch-up. I prefer to maintain my bullish stance for tomorrow and will be forced to go directly to bearish if 44068 is taken out on the hourly candle.
Banknifty (only for min 100-300 points target)Banknifty . (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
.
.
For " long "
entry: 44620 / 45120
target: 45030 - 45250 - 45760
stoploss: 44500 / 44980
.
.
For " Short"
entry: 44410
target: 44250, 44030
stoploss: 44580
.
Enter only if market Breaks
"Yellow box" mentioned.
.
Wait for proper reversal and conformation.
.
Don't make complicated trade set-up.📈📉
Keep it " Simple, Focus on Consistency " 💹.
Refer our old ideas for accuracy rate🧑💻.
Valuable comments are welcomed-✌️
.
.
Disclaimer:
Our Trading style is not to capture "10-20" points per trade.📊
We take entry only for min "100-300" points without any distractions.💹
So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈
So, please consider others ideas.
This is for educational purposes.🧑💻