BankNifty PUTs & CALLs

[columbus]

July.31 JULY-series Day.24(END) BankNifty= 15267 (-185)

Bank Nifty ended on 15267.

 

[columbus]

AUG.1 AUG-series Day.1 BankNifty= 15128 (-139)

The Expected Zone is at (15500~15000).

DAY                              LOW~HIGH						
=======                          =========      						
1  to 6                 Approx...100Rs to 500Rs						
7  to 11                Approx...80Rs to 400Rs						
12 to 16                Approx...60Rs to 300Rs						
17 to END               Approx...40~20Rs to 300~200RS						
						
This is not based on ANY formula , but on just observations of last few days.

Based on Today's Open Interest the Bank nifty Option chain looked like this :

 

[columbus]

AUG.4 AUG-series Day.2 BankNifty= 15242 (114)

The Expected Zone has moved up at (15600~15100) from (15500~15000).

DAY                              LOW~HIGH						
=======                          =========      						
1  to 6                 Approx...100Rs to 500Rs						
7  to 11                Approx...80Rs to 400Rs						
12 to 16                Approx...60Rs to 300Rs						
17 to END               Approx...40~20Rs to 300~200RS						
						
This is not based on ANY formula , but on just observations of last few days.

Based on Today's Open Interest the Bank nifty Option chain looked like this :

 

[Riskyman]

Hi Columbus,

I see your posts here after every single trading day. Its a very selfless act to come on here every single day and post your thoughts on options whether someone acknowledges it or not. To me that speaks a lot about you. Please keep up the great work you are doing. God bless you.

Good night

 

[columbus]

AUG.5 AUG-series Day.3 BankNifty= 15293 (51)

The Expected Zone has expanded at both ends at (15700~15000) from (15600~15100).

DAY                              LOW~HIGH						
=======                          =========      						
1  to 6                 Approx...100Rs to 500Rs						
7  to 11                Approx...80Rs to 400Rs						
12 to 16                Approx...60Rs to 300Rs						
17 to END               Approx...40~20Rs to 300~200RS						
						
This is not based on ANY formula , but on just observations of last few days.

Based on Today's Open Interest the Bank nifty Option chain looked like this :

 

[timepass]

Re: AUG.5 AUG-series Day.3 BankNifty= 15293 (51)

The Expected Zone has expanded at both ends at (15700~15000) from (15600~15100).

Serious premium shedding on both sides. Looks like the options were holding their breath waiting for the RBI policy.

What would expanding range indicate ? Any direction ? On the charts, BNF has made a doji for a second day today. Today's candle engulfs yesterday's candle, but today's is a hanging man doji. I think the bias is positive, if SBIN permits

 

[columbus]

Re: AUG.5 AUG-series Day.3 BankNifty= 15293 (51)

What would expanding range indicate ? Any direction ? On the charts, BNF has made a doji for a second day today. Today's candle engulfs yesterday's candle, but today's is a hanging man doji. I think the bias is positive, if SBIN permits

Expansion indicates WEAKNESS.If it consolidates at boundary and other boundary
is moving ,it indicates TREND in that direction.If both boundaries moves in a direction
a STRONG TREND is indicated.If it condenses WAIT & WATCH situation.Just
this a thumb rule and valid in initial stages of a new series.

Apart from SBI ,ICICI also has a good weightage in BANK nifty.Earlier I noticed
on many instances ,if ICICI is +ve ,even if SBI goes down ,still BANK NIFTY manages
in UP.As you said certainly SBI has a definite say on BANK NIFTY.

Both are constituents of NIFTY.

 

[columbus]

AUG.7 AUG-series Day.5 BankNifty= 14987 (-22)

The Expected Zone has moved down at (15400~14700) from (15700~15000).(from Day.3 of the series)

DAY                              LOW~HIGH						
=======                          =========      						
1  to 6                 Approx...100Rs to 500Rs						
7  to 11                Approx...80Rs to 400Rs						
12 to 16                Approx...60Rs to 300Rs						
17 to END               Approx...40~20Rs to 300~200RS						
						
This is not based on ANY formula , but on just observations of last few days.

Based on Today's Open Interest the Bank nifty Option chain looked like this :

 

[columbus]

AUG.8 AUG-series Day.6 BankNifty= 14776 (-221)

The Expected Zone has moved down at (15200~14400) from (15400~14700).

DAY                              LOW~HIGH						
=======                          =========      						
1  to 6                 Approx...100Rs to 500Rs						
7  to 11                Approx...80Rs to 400Rs						
12 to 16                Approx...60Rs to 300Rs						
17 to END               Approx...40~20Rs to 300~200RS						
						
This is not based on ANY formula , but on just observations of last few days.

Based on Today's Open Interest the Bank nifty Option chain looked like this :

 

[timepass]

Re: AUG.8 AUG-series Day.6 BankNifty= 14776 (-221)

The Expected Zone has moved down at (15200~14400) from (15400~14700).

Huge range ... 800 pts. could go either way.

A request : Can we make the heading look like this ?

"Re: AUG.8 AUG-series Day.6 BankNifty= 14776 (-221), Change in OI = xx.xx%"

Also, if possible, include some % change in the options.