🧵*Weekly Bank Nifty Analysis for 14th Oct Expiry*🧵
To form a view, let's have a look at both:
1. Technicals
2. Data
Also, 3 strategies to deploy for:
1. Aggressive Traders
2. Moderate Risk Traders
3. Low-Risk Traders
To form a view, let's have a look at both:
1. Technicals
2. Data
Also, 3 strategies to deploy for:
1. Aggressive Traders
2. Moderate Risk Traders
3. Low-Risk Traders
1. Technicals
Let's start with technicals. We'll look at -
1. Daily charts.
2. Hourly / 60 min charts.
3. 15 min charts.
1. Daily - We have a 3IB. Breakouts of such patterns give us a good trade. Look for a breakout of the 3IB to sell options aggressively.
Let's start with technicals. We'll look at -
1. Daily charts.
2. Hourly / 60 min charts.
3. 15 min charts.
1. Daily - We have a 3IB. Breakouts of such patterns give us a good trade. Look for a breakout of the 3IB to sell options aggressively.
2. Hourly / 60 min charts.
On hourly charts, we have a structure of a higher high and a higher low. Once we cross that high of 38105 again, can expect good upsides.
Can start looking for future buy and Put sell opportunities here.
On hourly charts, we have a structure of a higher high and a higher low. Once we cross that high of 38105 again, can expect good upsides.
Can start looking for future buy and Put sell opportunities here.
3. 15 min charts.
Below Thursday's Low 37646 on 15 min charts, if we sustain below that level for 15 mins can sell bearish strangles.
Sell a call of a higher premium and a put of a lower premium and try to manage.
Below Thursday's Low 37646 on 15 min charts, if we sustain below that level for 15 mins can sell bearish strangles.
Sell a call of a higher premium and a put of a lower premium and try to manage.
Option chain data.
Shows a stiff resistance at 38000 levels. If we trade below 37650 levels, huge OI will be added again at 38000, and eventually will be tough to break the ATH this week.
Shows a stiff resistance at 38000 levels. If we trade below 37650 levels, huge OI will be added again at 38000, and eventually will be tough to break the ATH this week.
Strategies to deploy?
1. Aggressive Traders
Can sell strangles of 36900 and 38600 & try to manage.
ROI is around 2.1%.
1. Aggressive Traders
Can sell strangles of 36900 and 38600 & try to manage.
ROI is around 2.1%.
2. Moderate Risk Traders
Can sell strangles of 36700 and 38900 & try to manage.
ROI is approximately 1.4%.
Can sell strangles of 36700 and 38900 & try to manage.
ROI is approximately 1.4%.
3. Low-Risk Traders
Can sell strangles of 36200 and 39200. Fetches you approximately 0.75% ROI.
You guys should be targeting 2% per month and playing far away from spot levels of BNF.
4 expires per month to make 0.50%.
Can sell strangles of 36200 and 39200. Fetches you approximately 0.75% ROI.
You guys should be targeting 2% per month and playing far away from spot levels of BNF.
4 expires per month to make 0.50%.
Let's see how this analysis plays out. Also, look out for @niki_poojary weekly analysis with strategies for different types of traders. Checking her analysis will give you an additional view.
Good luck!
Good luck!
Here is the first video by our team. Weekly analysis video made by @niki_poojary
Let us know where we could improve upon and what more you guys are looking for in our analysis.
We would gladly take your suggestions.
Let us know where we could improve upon and what more you guys are looking for in our analysis.
We would gladly take your suggestions.
https://twitter.com/niki_poojary/status/1447233689314738178?t=jKDemWaqbuywmJMUVYYSjQ&s=19
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