#BankNifty has been moving within the broad range for some time, but it is perhaps at weakest level since it entered this range on May 23rd.
#niftybank #nifty #nifty50
Join t.me/i2gain for detailed BankNifty analysis and charts.
For past nine sessions, it has been trading below a long term support line that was supporting it since Sept. 2020.
#BankNifty #niftybank
Join t.me/i2gain for detailed BankNifty analysis and charts.
Prolonged underperformance with broader Nifty 50, is a sign of weakness only.
#BankNifty #niftybank
Join t.me/i2gain for detailed BankNifty analysis and charts.
RSI below 45, not being able to cross 49-50 levels, again none days with RSI below 50.
#BankNifty #niftybank
Join t.me/i2gain for detailed BankNifty analysis and charts.
ADX gaining momentum with RSI and DMIs confirming weakness.
#BankNifty #niftybank
Join t.me/i2gain for detailed BankNifty analysis and charts.
OI analysis shows, future buildup is on short side, some short covering is going on for past few days.
#BankNifty #niftybank
Join t.me/i2gain for detailed BankNifty analysis and charts.
PCR making lower highs, can be considered as a sigh of weakness.
#BankNifty #niftybank
Join t.me/i2gain for detailed BankNifty analysis and charts.
IVs n HVs have probably touched the bottom.
#BankNifty #niftybank
Join t.me/i2gain for detailed BankNifty analysis and charts.
To conclude, I must say some caution is advised to go long at lower levels this time, borader #Nifty is not as week as it has made a sharper recovery last week in comparision with #BankNifty, it is somewhere in the middle of range while #NiftyBank is near lower range.

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More from @i2gain

Aug 31, 2022
Detailed analysis of #Nifty based on Quant and Technical parameters. Covered COC, COI, PCR, IVs, Breadth and Price Action on monthly, weekly, daily and hourly time frames.
#Nifty50 #NiftyBank #BankNifty #optionstrader #OptionsTrading #StocksToBuy #StockMarket #Stocks
COC analysis on #Nifty. Data Courtesy : @quantsapp
COC analysis on #Nifty. Data Courtesy : @quantsapp
Read 16 tweets
May 29, 2022
Sharing a 0 loss of 100 success probability #BankNifty Strategy for learning and research putposes, pls check all the tweets for a thorough understanding of concept.
#NiftyBank #optionstrading #nifty #Nifty50
Focus on understanding the concept or idea of buying deep in the money options that have very little premium and selling deep OTM options that have zero intrinsic value.
#BankNifty #NiftyBank #optionstrading #nifty #Nifty50 #SGXNifty
You may enter these legs in software or excel that you use and check the breakeven range, the prices are Friday's closing prices.
#BankNifty #NiftyBank #optionstrading #nifty #Nifty50 #SGXNifty
Read 9 tweets
May 29, 2022
@RahulGu15438749
#KotakBank, there are a two green candles with big volume but both are not so strong candles.
#Nifty #Nifty50 #BankNifty #NiftyBank
#KotakBank Option chain indicates 2000 is a major hurdle, no confirmation of weakness yet.
#Nifty #Nifty50 #NiftyBank #BankNifty
#KotakBank low volume and possibaly short covering seen.

#Nifty #Nifty50 #BankNifty #NiftyBank
Read 6 tweets
Aug 26, 2021
Sharing a few #BankNifty & #Nifty strategies, that we deployed last week. Purpose is to assist retail traders to shift to lower risk trading. These and more similar ones were shared with followers of t.me/i2gain channel and my premium group, i2gainPremium.
#nifty50
any queries with respect to these are welcome on Twitter and our telegram discussion group t.me/i2gainChat
This #BankNifty period spread gave cool 9% in one day - Wed - Thursday, though we could grab some 5.6% only, closed the position around 2:30 P.M.
#NiftyBank
Read 10 tweets
Aug 22, 2021
#Nifty OI shed 9% on a day the saw Nifty future lost 0.83%. Clear signs of long unwinding at higher levels. Future segment participants are not as bullish as they were . . . .
#Nifty50 #BankNifty #Niftybank
#Nifty IV gained over 18%, as the index moved in opposite direction. Further expansion of IV is possible.
#Nifty50 PCR dipped further to 1.23, well in the lower zone of the range, oversold markets. (ignore 22 Aug data in the chart).
Read 9 tweets
Aug 20, 2021
#BankNifty OI and index future declined today. Looking at small change in OI on a day when Index has closed weak (lowest level of 12 sessions), can we read it as undecided participants ?
#NiftyBank #Nifty #Nifty50
#BankNifty PCR at 0.69 is lowest since July 28th, such low levels of PCR are seldom seen, indicating oversold markets.
#BankNifty IV raised to 17.5 from 15.82 on Friday, this is on expected lines for a day like today. One can keep an eye on IVs tomorrow, decline only will ensure sustainable rise and vice versa.
#NiftyBank
Read 6 tweets

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