General Trading Chat

[hardik0007]

Breaking of this channel can take Nifty for more 200+ pts move

Held Lower TL of channel
If breaks 21832, we can eye for 22010, 22045-60+++

View attachment 50388

 

[tradermodified]

N50

on staying above 22100 to move for 22250/400/500 levels

ltp 22086

N50 - 22250 done.
A new ATH

Now, on staying above 22100, will be bullish.
ltp 22200

 

[tradermodified]

BN

to move for 47200 else to 46750/700, if fails to stay above 47000

ltp 46953

BN

high so far 47363

Now, on staying above 47200, will move for 47400/600/750 levels
ltp 47125

 

[timepass]

Banknifty CEs are trading at par or discount, but the PEs are at a premium. I wonder if it is going down further.

@Raj232 , check this : Banknifty spot = 47160, so the fair value of 47300 PE is 140, but it is going at around 200 i.e 60 Rs. premium.

Now see this : Banknifty spot = 47140, and Banknifty CE 46900 fair price is about 240. That's is where it is trading, so it is at par. If trades below 240, then it would be called discount.

 

[Verde]

Banknifty CEs are trading at par or discount, but the PEs are at a premium. I wonder if it is going down further.

@Raj232 , check this : Banknifty spot = 47160, so the fair value of 47300 PE is 140, but it is going at around 200 i.e 60 Rs. premium.

Now see this : Banknifty spot = 47140, and Banknifty CE 46900 fair price is about 240. That's is where it is trading, so it is at par. If trades below 240, then it would be called discount.

The 60 premium is time value + supply and demand. The market thinks that puts will increase so jack up the price.

 

[Raj232]

Banknifty CEs are trading at par or discount, but the PEs are at a premium. I wonder if it is going down further.

Thanks @timepass .. This is a good finding especially on expiry day. If it is really working out, it can only fill one's pocket
Thanks for the explanation

Had you taken the PE which was trading around Rs 80/- it zoomed up to Rs 280/-

 

[timepass]

Thanks @timepass .. This is a good finding especially on expiry day. If it is really working out, it can only fill one's pocket
Thanks for the explanation

Had you taken the PE which was trading around Rs 80/- it zoomed up to Rs 280/-

I didn't trade it. As I said, I am not sure what to make of it.

Also, I have neither the patience nor the guts to trade this

Did make a bit of money in the CEs today (47200 earlier in the session), then just sat out rest of the time.

 

[tradermodified]

N50/BN

seems turning bearish for the time being.

 

[tradermodified]

N50

22000/100 is the cut off level/zone
for plus/minus 200/250 points

ltp 22069

 

[Raj232]

Hope all are doing great ...