BankNifty PUTs & CALLs

[columbus]

May.23 MAY-series Day.19 BankNifty=12636 (-372)

The Expected Zone has moved downwards to (13100~12400) from (13200~12800).

The CURRENT position is marked on 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.

On average CALLS lost 75% and PUTS gained 175%.

 

[timepass]

Re: May.23 MAY-series Day.19 BankNifty=12636 (-372)

The Expected Zone has moved downwards to (13100~12400) from (13200~12800).

700 pts is still a very wide zone, can go either way.

 

[columbus]

Re: May.23 MAY-series Day.19 BankNifty=12636 (-372)

700 pts is still a very wide zone, can go either way.

Unlike in NIFTY ,the variations in BankNifty are very high.Anyway,700 points
before EXPIRY is quite strange.Any big fluctuation on cards ??????

 

[timepass]

Re: May.23 MAY-series Day.19 BankNifty=12636 (-372)

Unlike in NIFTY ,the variations in BankNifty are very high.Anyway,700 points
before EXPIRY is quite strange.Any big fluctuation on cards ??????

Tomorrow afternoon will be a big premium eating session. Maybe SBIN will bounce back a bit and pull up the index too.

 

[columbus]

Re: May.23 MAY-series Day.19 BankNifty=12636 (-372)

Tomorrow afternoon will be a big premium eating session. Maybe SBIN will bounce back a bit and pull up the index too.

In BankNifty just 3 stocks SBI,HDFCbank and ICICIbank account for 60% weightage
of bank nifty (as of now).Trading interest in HDFCbank is rather low.It boils down to
just the other 2 stocks.BankNifty dances to the tune of SBI since it commands more
weight than ICICIbank.If SBI bank bounces UP ,naturally banknifty goes UP.I agree
with you.The chances of SBI going up ,are rather ,good.

 

[columbus]

May.24 MAY-series Day.20 BankNifty=12769 (133)

The Expected Zone has condensed to (12900~12500) from (13100~12400) as EXPIRY draws near.

The CURRENT position is marked on the chart.

Sorry for the error Yesterday ,because ,the PUT zone range was taken as 23.25 ~ 510.00 by mistake.

 

[columbus]

Corrected file(May.23)

May.23 MAY-series Day.19 BankNifty=12636 (-372)

May.24 MAY-series Day.20 BankNifty=12769 (133)

 

[columbus]

May.27 MAY-series Day.21 BankNifty=12961 (192)

The Expected Zone has expanded to (13100~12700) from (12900~12500) .

The CURRENT position is marked on 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]

May.28 MAY-series Day.22 BankNifty=12950 (-11)

The Expected Zone has condensed to (13000~12800) from (13100~12700) .

The CURRENT position is marked on 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.

Today, on average CALLs lost 35% and PUTs 45%.Premium eating in action.

 

[timepass]

Banknifty spot = 12950 and 12800CE = 145. Looks fairly priced (counting the expiry transaction expenses). So maybe 12800 is the floor for this expiry (as the things stand). By the same logic, the ITM puts appear grossly overpriced.