BankNifty PUTs & CALLs

[columbus]

DEC.3 dec-series day.3 BANKNIFTY=11211 (73)

The Expected Zone at further condensed to (11300~11400) from (11300~11500) .
A tight range indeed ,just spanning 2 strikes.In fact ,current position fell outside the zone.

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


DAY		        LOW~HIGH
=======                 =========	
1  to 6           	45Rs to 450Rs
7  to 11	        40Rs to 400Rs
12 to 16                35Rs to 350Rs
17 to END          	30~15Rs to 300~150RS

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

Average Open Interest (Today) in the Expected zone as indicated...CALL side:6K [Prev:25K]
Average Open Interest (Today) in the Expected zone as indicated....PUT side:19K [Prev:27K]
(Have a look at the strikes also. 3 CALL strikes vs 1 PUT strike).

Current position is indicated in the chart.

 

[columbus]

DEC.4 dec-series day.4 BANKNIFTY=11156 (-55)

The Expected Zone has moved down to (11200~11300) from (11300~11400) .

A tight range indeed ,just spanning 2 strikes.In fact ,current position fell outside the zone.

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


DAY		        LOW~HIGH
=======                 =========	
1  to 6           	45Rs to 450Rs
7  to 11	        40Rs to 400Rs
12 to 16                35Rs to 350Rs
17 to END          	30~15Rs to 300~150RS

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

Average Open Interest (Today) in the Expected zone as indicated...CALL side:17K [Prev:6K]
Average Open Interest (Today) in the Expected zone as indicated....PUT side:207K [Prev:19K]
(Have a look at the strikes also. 3 CALL strikes vs 1 PUT strike).

Current position is indicated in the chart.

By any standards ,an average OPEN INTEREST of 207K ,on PUT side (BANKNIFTY)
is huge.

 

[columbus]

DEC.5 dec-series day.5 BANKNIFTY=11664 (508)

The Expected Zone has moved UP to (11600~11900) from (11200~11300) .

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


DAY		        LOW~HIGH
=======                 =========	
1  to 6           	45Rs to 450Rs
7  to 11	        40Rs to 400Rs
12 to 16                35Rs to 350Rs
17 to END          	30~15Rs to 300~150RS

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

Average Open Interest (Today) in the Expected zone as indicated...CALL side:18K [Prev:17K]
Average Open Interest (Today) in the Expected zone as indicated....PUT side:21K [Prev:207K]

Current position is indicated in the chart.

What really perplexed me .is the HUGE up move despite of 207K on PUT side @355 of strike 11100PE Yesterday.Presently it stands at 165. Even then today
huge interest was seen at 11100PE and 11000PE(generally 500 multiple see good
open interest) or Option writing is taking place ??????

 

[Gandhar.]

Re: DEC.5 dec-series day.5 BANKNIFTY=11664 (508)

What really perplexed me .is the HUGE up move despite of 207K on PUT side @355 of strike 11100PE Yesterday.Presently it stands at 165. Even then today
huge interest was seen at 11100PE and 11000PE(generally 500 multiple see good
open interest) or Option writing is taking place ??????

may be its in expectation of big moves on either side

 

[columbus]

Re: DEC.5 dec-series day.5 BANKNIFTY=11664 (508)

may be its in expectation of big moves on either side

May be ,if EXIT results can bring +500 points move ,the REAL results can bring +1000
points move.(On lighter vein)

 

[timepass]

Re: DEC.5 dec-series day.5 BANKNIFTY=11664 (508)

The Expected Zone has moved UP to (11600~11900) from (11200~11300) .
What really perplexed me .is the HUGE up move despite of 207K on PUT side @355 of strike 11100PE Yesterday.Presently it stands at 165. Even then today
huge interest was seen at 11100PE and 11000PE(generally 500 multiple see good
open interest) or Option writing is taking place ??????

"Buy on rumor, sell on news" may be true in the present case.

The market is waiting for Sunday results. Monday may see some significant downside, specially if the "BJP 4-0" turns to 2-0. The market has noticed the underlying facts :

1) of the 4, 2 states are still very iffy - Delhi and Chhatisgarh.
2) MP will see a reduced majority for BJP
3) Rajasthan votes for a different govt. in every state elections

 

[columbus]

Re: DEC.5 dec-series day.5 BANKNIFTY=11664 (508)

"Buy on rumor, sell on news" may be true in the present case.

The market is waiting for Sunday results. Monday may see some significant downside, specially if the "BJP 4-0" turns to 2-0. The market has noticed the underlying facts :

1) of the 4, 2 states are still very iffy - Delhi and Chhatisgarh.
2) MP will see a reduced majority for BJP
3) Rajasthan votes for a different govt. in every state elections

It is eagerly seen whether AAM AADMI party is going to eat Congress vote bank OR
BJP vote bank.

 

[timepass]

Re: DEC.5 dec-series day.5 BANKNIFTY=11664 (508)

It is eagerly seen whether AAM AADMI party is going to eat Congress vote bank OR
BJP vote bank.

Whatever the losses, BJP's will be greater. You see, BJP is in power in the Municipal Corporations which took place, I think, 2 years ago. So, they are the party with the momentum and would've been expected to win. If they don't it will be a serious loss of face.

 

[columbus]

DEC.6 dec-series day.6 BANKNIFTY=11720 (55)

The Expected Zone has moved UP to (11700~12100) from (11600~11900) .
[The expansion is due the fact that the boundaries are changed to 50~500 once
again.]

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


DAY		        LOW~HIGH
=======                 =========	
1  to 6           	50Rs to 500Rs
7  to 11	        40Rs to 400Rs
12 to 16                35Rs to 350Rs
17 to END          	30~15Rs to 300~150RS

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

Average Open Interest (Today) in the Expected zone as indicated...CALL side:6K [Prev:18K]
Average Open Interest (Today) in the Expected zone as indicated....PUT side:22K [Prev:21K]

Current position is indicated in the chart.

 

[cellclinic]

Re: DEC.6 dec-series day.6 BANKNIFTY=11720 (55)

Hello Bro ...

I have 2 quires ...

1 is ... What parameters to use to adjust trading zone as you did in last post & others... from 11600~11900 to 11700~12100 ???

2nd is ... I am getting option data from ...

http://www.nseindia.com/live_market...t=OPTIDX&date=-&segmentLink=17&segmentLink=17

& getting some difference while matching with your data file posted here ... plz check ...

http://postimg.org/image/ibe8y3we7/

The Expected Zone has moved UP to (11700~12100) from (11600~11900) .
[The expansion is due the fact that the boundaries are changed to 50~500 once
again.]

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


DAY		        LOW~HIGH
=======                 =========	
1  to 6           	50Rs to 500Rs
7  to 11	        40Rs to 400Rs
12 to 16                35Rs to 350Rs
17 to END          	30~15Rs to 300~150RS

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

Average Open Interest (Today) in the Expected zone as indicated...CALL side:6K [Prev:18K]
Average Open Interest (Today) in the Expected zone as indicated....PUT side:22K [Prev:21K]

Current position is indicated in the chart.