BankNifty PUTs & CALLs

[columbus]

July.12 JULY-Series Day.11 BANKNIFTY=11723 (68)

The Expected Zone has moved UP to (11500~12000) from (11400~11900).


Current position is indicated in the chart.

We follow the PUT and CALL windows with the boundaries, as :


DAY		                LOW~HIGH
================                =========	
1  to 6 (FRI~FRI)          	40Rs to 400Rs
7  to 11(MON~FRI)	        35Rs to 350Rs
12 to 16(MON~FRI)               30Rs to 300Rs
17 to END(MON~END)          	15~25Rs to 150~250RS

This is not based on ANY formula , but on just observations of last few days.

 

[columbus]

July.15 JULY-Series Day.12 BANKNIFTY=11790 (67)

The Expected Zone has condensed to (11600~12000) from (11500~12000).


Current position is indicated in the chart.

We follow the PUT and CALL windows with the boundaries, as :


DAY		                LOW~HIGH
================                =========	
1  to 6 (FRI~FRI)          	40Rs to 400Rs
7  to 11(MON~FRI)	        35Rs to 350Rs
12 to 16(MON~FRI)               30Rs to 300Rs
17 to END(MON~END)          	15~25Rs to 150~250RS

This is not based on ANY formula , but on just observations of last few days.

 

[columbus]

July.16 JULY-Series Day.13 BANKNIFTY=11226 (-564)

The Expected Zone has moved DOWN to (11100~11400) from (11600~12000).(rather badly)
Narrow range ,spanning just 4 strikes.

Current position is indicated in the chart.

We follow the PUT and CALL windows with the boundaries, as :


DAY		                LOW~HIGH
================                =========	
1  to 6 (FRI~FRI)          	40Rs to 400Rs
7  to 11(MON~FRI)	        35Rs to 350Rs
12 to 16(MON~FRI)               30Rs to 300Rs
17 to END(MON~END)          	15~25Rs to 150~250RS

This is not based on ANY formula , but on just observations of last few days.

 

[columbus]

July.17 JULY-Series Day.14 BANKNIFTY=10972 (-254)

Nifty and BankNIFTY moved in opposite directions.Nifty and B.Nifty moved in
opposite direction somewhere in APRIL expiry.(around March.20).Moving in
opposite direction by small value is not uncommon But moving by 275 in
opposite directions is a significant one.(It has something to do with
Bernankeexpected statement to-night???????)


The Expected Zone has moved DOWN to (10900~11100)
from (11100~11400). Narrow range ,spanning just 3 strikes.

Current position is indicated in the chart.

We follow the PUT and CALL windows with the boundaries, as :


DAY		                LOW~HIGH
================                =========	
1  to 6 (FRI~FRI)          	40Rs to 400Rs
7  to 11(MON~FRI)	        35Rs to 350Rs
12 to 16(MON~FRI)               30Rs to 300Rs
17 to END(MON~END)          	15~25Rs to 150~250RS

This is not based on ANY formula , but on just observations of last few days.

 

[trade4joisar]

Re: July.17 JULY-Series Day.14 BANKNIFTY=10972 (-254)

Nifty and BankNIFTY moved in opposite directions.Nifty and B.Nifty moved in
opposite direction somewhere in APRIL expiry.(around March.20).Moving in
opposite direction by small value is not uncommon But moving by 275 in
opposite directions is a significant one.(It has something to do with
Bernankeexpected statement to-night???????)

Because today result of ????
* Axis
* Kotak
* IDBI

 

[columbus]

July.18 JULY-Series Day.15 BANKNIFTY=11188 (216)

The Expected Zone has moved UP to (11000~11400)
from (10900~11100).

Current position is indicated in the chart.

We follow the PUT and CALL windows with the boundaries, as :


DAY		                LOW~HIGH
================                =========	
1  to 6 (FRI~FRI)          	40Rs to 400Rs
7  to 11(MON~FRI)	        35Rs to 350Rs
12 to 16(MON~FRI)               30Rs to 300Rs
17 to END(MON~END)          	15~25Rs to 150~250RS

This is not based on ANY formula , but on just observations of last few days.

 

[columbus]

July.19 JULY-Series Day.16 BANKNIFTY=10974 (-214)

The Expected Zone is at (10800~11200) from (10900~11100).

Current position is indicated in the chart.

We follow the PUT and CALL windows with the boundaries, as :


DAY		                LOW~HIGH
================                =========	
1  to 6 (FRI~FRI)          	40Rs to 400Rs
7  to 11(MON~FRI)	        35Rs to 350Rs
12 to 16(MON~FRI)               30Rs to 300Rs
17 to END(MON~END)          	15~25Rs to 150~250RS

This is not based on ANY formula , but on just observations of last few days.

 

[timepass]

Re: July.19 JULY-Series Day.16 BANKNIFTY=10974 (-214)

The Expected Zone is at (10800~11200) from (10900~11100).

So, the range widens with looming expiry. I guess we can expect volatility in the coming week.

 

[columbus]

Movement of NIFTY and BANKNIFTY is little bit perplexing.
I hope ,it is something to do with INRUSD value.???????

Nifty is in UP trend and Bank Nifty is in DOWN trend.
Check the values in boxes.

 

[timepass]

Movement of NIFTY and BANKNIFTY is little bit perplexing.
I hope ,it is something to do with INRUSD value.???????
...
Nifty is in UP trend and Bank Nifty is in DOWN trend.
Check the values in boxes.

Yes. USDINR, Current Account Deficit, inflation etc.. leave the banks with no hope of rate cuts from the RBI. On the other hand, the RBI and FM are "suggesting" that the banks reduce their lending rates. Further, 22 banks have been fined for not following the KYC norms.

In fact, a few days ago, Sharekhan had given a call for "buy nifty, sell banknifty". They cancelled the call later.

There's nothing at present to stimulate the BNF, except maybe short covering.