#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
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For past nine sessions, it has been trading below a long term support line that was supporting it since Sept. 2020. #BankNifty#niftybank
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Prolonged underperformance with broader Nifty 50, is a sign of weakness only. #BankNifty#niftybank
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RSI below 45, not being able to cross 49-50 levels, again none days with RSI below 50. #BankNifty#niftybank
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ADX gaining momentum with RSI and DMIs confirming weakness. #BankNifty#niftybank
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OI analysis shows, future buildup is on short side, some short covering is going on for past few days. #BankNifty#niftybank
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PCR making lower highs, can be considered as a sigh of weakness. #BankNifty#niftybank
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IVs n HVs have probably touched the bottom. #BankNifty#niftybank
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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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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
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
#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).
#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