General Trading Chat

[ap*]

Manish Bhai any view on the option chain for nifty ?

 

[rip07]

@timepass

Your analysis over banknifty today seems to match with price action of the market. Hope you got the move in your favor. :thumb:

Thanks

 

[rip07]

Bank Nifty down almost 2% but Axis bank only 0.5%. Seems like something is cooking in this counter.

Thanks

 

[rip07]

Today, Flag formation on 5min chart of NF. Interesting!!

Thanks

 

[timepass]

Hardly any premium left in the indices.

 

[manish9300]

Manish Bhai any view on the option chain for nifty ?

Well, IV difference has crossed 4.If this rises further/atleast sustain along with good additions at 7700 calls we will see a downbreak of 7700.Low chance of this happening today itself as daily range is already 100 points.
I dont know what to make of Oi additions....yesterday
there was over 1m addition in 7900 puts.i thought it was a sign of bull strenth
......but IV of calls never crossed that of puts.Again proof that only data important in option chain analysis is IVs.This is my view only.

 

[vivektrader]

Well, IV difference has crossed 4.If this rises further/atleast sustain along with good additions at 7700 calls we will see a downbreak of 7700.Low chance of this happening today itself as daily range is already 100 points.
I dont know what to make of Oi additions....yesterday
there was over 1m addition in 7900 puts.i thought it was a sign of bull strenth
......but IV of calls never crossed that of puts.Again proof that only data important in option chain analysis is IVs.This is my view only.

Manish how do you view an IV difference of 3-4 , absolute value close to 17.
Should be significant?

 

[manish9300]

Sir I enter right at the break of range itself if oi supports it. If it seems like it's going to retrace I trail my stop aggressively and exit.

I enter in similar manner.Break of range with initial stoploss over/under Bo bar itself.Trailing depends on daily range expectation.Like wide bar follows narrow bar and vice versa.

 

[HEM]

Now one can take long in NF for only scalping for 10 - 20 points ......

 

[manish9300]

Manish how do you view an IV difference of 3-4 , absolute value close to 17.
Should be significant?

IV-less than 2-neutral to weak bias.
IV-greater than 2 less than 4-weak bias
IV-greater than 4-strong bias.

Higher absolute value means more volatility.I look at in the money only.This data
should be used along with trend analysis,days weeks months range analysis to get a more complete picture of whats happening and what can happen?