rao1216

rao1216

In the afternoon session 41000 Short straddles upper break even point touched, during this CE positions few stop losses got triggered. But big players are succeeded in pushing the market to downwards. During this down move 41500PE was shorted and CE short positions are closed. I'm observing the range between 41000 to 42000

rao1216

In the morning, the 1st candle itself our resistance level 17800 was broken. This triggered stop loss of CE sellers. These stop loss orders fueled market to push on upwards. By seeing this up move in the morning session 17800PE was shorted, by expecting expiry will happen above 17700 level (break even point for 17800PE sellers is in between "17650-17700").

rao1216

As per the Option Chain Analysis it is observed that 41000 Short straddles are deployed, due to the high volatility these short straddles are hedged with 42000CE & 40000PE. It is formed as Iron Fly (Iron Fly - Short Straddle with hedges). I'm observing the range between 39900 to 41600 with volatility.

rao1216

As per the price action and option chain analysis I'm observing the range between 17300 to 17800

rao1216

Today BankNifty succeeded in crossing 40600 resistance by gap-up opening. In morning session 40800 short straddles are deployed in system. These short straddles breakeven range is 40500 - 41200 Previous day we seen that 40700 short straddles are deployed, but today market made an attempt to cross the 40700 short straddles upside break even point (upside...

rao1216

In morning session itself 18000 resistance was broken and day candle closed above 18000. As per today's price action and option chain analysis, I'm observing 18100 & 18200 as resistance, and 17900 acts as a support as it was a broken resistance.

rao1216

It looks like accumulation is completed by big players between the range 400 - 420. As per the option chain also support is formed @ 420 level. So we can expect some upward movement in this stock. And also if Nifty wants to cross 18000, IT sector contribution is necessary, so I hope now IT sector will recover and boost the NIFTY to go up.

rao1216

BankNifty tried to break the 40600 resistance but didn't succeeded. As per the option chain it is observed that 40500 short straddles are deployed today. As far as BankNifty remains between 40100 - 40900, this short straddles positions are in safe zone. If market breaks in any side, either upside 40900 or downside 40100, these short straddles sellers will run...

rao1216

In today's morning session itself 17900 resistance was broken and sustained entire day. If tomorrow IT sector supports then it will push NIFTY towards 18000 level. As per the today's price action & option chain analysis I observed that these is a support was build @ 17800 bcz it was acted as a resistance on previous days. Note : Tomorrow after market hours "US...

rao1216

BankNifty Support and Resistance Levels based on the price action and option chain analysis.

rao1216

Nifty Support and Resistance Levels based on the price action and option chain analysis.