BankNifty PUTs & CALLs

[timepass]

This is my observation, whenever tenken is inside cloud in daily, SST does not work and it hit SAR on each side.

Like today Banknifty hit TSL, but still not going down.

This is my personal view.

Tenken and kijun both are inside the cloud and below the candles, which are in the cloud. I guess you are expecting the cloud bottom to be touched once. As 4xpipcounter said, once the candles enter the cloud, they generally come out on the other side.

But it is a rising cloud for next few sessions and has provided support at cloud bottom. The candle may not touch the cloud bottom for next 3-4 sessions, by which time the cloud would've risen higher. But it's a narrowing cloud, so no clues either way.

 

[trade4joisar]

Tenken and kijun both are inside the cloud and below the candles, which are in the cloud. I guess you are expecting the cloud bottom to be touched once. As 4xpipcounter said, once the candles enter the cloud, they generally come out on the other side.

But it is a rising cloud for next few sessions and has provided support at cloud bottom. The candle may not touch the cloud bottom for next 3-4 sessions, by which time the cloud would've risen higher. But it's a narrowing cloud, so no clues either way.

As per Paul, it already touched once when made low of 10896.

This is my observation of SST in conjunction with tenken inside cloud where unless it goes out it, we are going to hit on both side.

So 10876 hit, then 11248 will hit and so on.

Let see, BTW, SGX 33 points down already, let see how it goes tomorrow.

Hope Columbus has not issue by discussing all these in his thread.

 

[columbus]

As per Paul, it already touched once when made low of 10896.

This is my observation of SST in conjunction with tenken inside cloud where unless it goes out it, we are going to hit on both side.

So 10876 hit, then 11248 will hit and so on.

Let see, BTW, SGX 33 points down already, let see how it goes tomorrow.

Hope Columbus has not issue by discussing all these in his thread.

No problem,but now Emotions works better than Technicals ,as we have RBI credit
policy on Jan28.

 

[columbus]

JAN.24 jan-series day.21 BANKNIFTY=10982 (-217)

The EXPECTED ZONE has moved down to (10700~11300) from (10900~11500).



Bold indicate Open Interest over 50k.(Open interest-TODAY)
Italic indicate Open Interest over -50k.(Open Interest-TODAY)

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


DAY		        LOW~HIGH
=======                 =========	
1  to 6           	50Rs to 500Rs
7  to 11	        45Rs to 450Rs
12 to 16                40Rs to 400Rs
17 to END          	35~15Rs to 350~150RS

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

Current position is indicated in the chart.

 

[trade4joisar]

So BNF made low of 10972 and target was 10876.

And i can see SGX 63 points down .

Dont know where it will stop, but now target will be 11248 (can take time to reach here).

Let see how it goes on monday.

 

[columbus]

JAN.27 jan-series day.22 BANKNIFTY=10540 (-442)

The EXPECTED ZONE has moved down to (10300~10800) from (10700~11300).



Bold indicate Open Interest over 50k.(Open interest-TODAY)
Italic indicate Open Interest over -50k.(Open Interest-TODAY)

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


DAY		        LOW~HIGH
=======                 =========	
1  to 6           	50Rs to 500Rs
7  to 11	        45Rs to 450Rs
12 to 16                40Rs to 400Rs
17 to END          	35~15Rs to 350~150RS

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

Current position is indicated in the chart.

There is lot of CALL addition and unwinding on PUT side.In anticipation of some
POSITIVE news from RBI,many have accumulated Calls.Anyway the key holds in
the hands of RBI.(Personal view)

 

[trade4joisar]

So BNF made low of 10972 and target was 10876.

And i can see SGX 63 points down .

Dont know where it will stop, but now target will be 11248 (can take time to reach here).

Let see how it goes on monday.

So BNF spot made low of 10521 (i missed this rally).

Still it is showing tenken inside cloud, today may come out of cloud and SST will start working.

Let see how it goes.

 

[columbus]

JAN.28 jan-series day.23 BANKNIFTY=10508 (-32)

The EXPECTED ZONE has not moved from (10300~10800).



Bold indicate Open Interest over 50k.(Open interest-TODAY)
Italic indicate Open Interest over -50k.(Open Interest-TODAY)

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


DAY		        LOW~HIGH
=======                 =========	
1  to 6           	50Rs to 500Rs
7  to 11	        45Rs to 450Rs
12 to 16                40Rs to 400Rs
17 to END          	35~15Rs to 350~150RS

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

Current position is indicated in the chart.

All BANKNIFTY calls in the EXPIRY zone are showing some build-up.
Anyway hardly a day left for EXPIRY.

 

[columbus]

JAN.29 jan-series day.24 BANKNIFTY=10438 (-70)

The EXPECTED ZONE has moved DOWN to (10200~10700) from (10300~10800).



Bold indicate Open Interest over 50k.(Open interest-TODAY)
Italic indicate Open Interest over -50k.(Open Interest-TODAY)

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


DAY		        LOW~HIGH
=======                 =========	
1  to 6           	50Rs to 500Rs
7  to 11	        45Rs to 450Rs
12 to 16                40Rs to 400Rs
17 to END          	35~15Rs to 350~150RS

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

Current position is indicated in the chart.

 

[trade4joisar]

So BNF spot made low of 10521 (i missed this rally).

Still it is showing tenken inside cloud, today may come out of cloud and SST will start working.

Let see how it goes.

So Tenken out of cloud in daily in BankNifty, so now no much volatility like it happned in last 3 sessions.