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
Another #BankNifty period and ratio strangle gave about one percent in a day. The breakeven range is noteworthy in this. #NiftyBank
#BankNifty future long with options deployed to duly hedge, is a slightly longer term strategy, has a potential to give 4-10% in 2-3 weeks. Have been using it for about a year, it has never failed. Have learned the concept from legendry @PRSundar64.
Another interesting one on #Nifty, look at the wide breakeven range. We managed some 3.8K from this today, could not wait till closing to make 4.6K. #Nifty50
This is another #Nifty Puts butterfly, that gave me a loss of 2.2K this week, thankfully smaller loss was booked. #nifty50
I will be happy to help either of you to understand these, and trade with much smaller risk.
Share your queries and interest at t.me/i2gainChat.
If you are interested in joining my premium group for such strategies, pls share your interest / queries here using my handle @i2gain or over above telegram chat group. #Nifty#Nifty50#BankNifty#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
#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.
Observed some interesting things in quantitative data of #Nifty Nifty today, sharing whatever little I could understand.
Please follow due diligence before taking any action on it, do refer to other indicators that you normally do. #NIFTYFUTURE#nifty50#banknifty
This OI chart shows #Nifty open interest for past six months, as you can see today’s OI is highest across entire period.
Charts made using @Definedge
The above charts displays today’s change in COI, which is 11.17 % higher, price change of nifty future 7.87% and Future price of 9101.8, i.e. at a discount of Rs. 97.
1/n The Friday panic low of 8472 could very well be the bottom of the Nifty for a long time.
The spread of COVID19 and panic because of that will continue to haunt us for some more time, but there is a possibility that the markets will not react as it has been for some time.
2/n Nifty may consolidate between 9600-10300 for some time, a closing below 9600 may bring back the bears on the driving seat and 9400-9100 may be seen.
10300 is near 200 DMA, can act as resistance and if crossed 10600 can be expected.