Delta ranges between 0-1.Gamma is seen within Delta and ranges between 0.03-0.07 to 0.97-0.93.Thus,even when nifty move past 0.93/0.97 on upside or 0.07/0.03 on lower side would lose momentum or would become static as Gamma would be zero there.
The idea of this thread is to capture the broad range for the series using Gamma
& IV of last day of previous expiry and Close..Nifty is expected to trade within the range & extremes are not expected to be breached..
Further,the midpoint of this range play a critical role of trend decider.Nifty above this would be positive and below it would be negative.MACD divergence tick(macd histogram),MACD divergence cross(macd line crossing signal line) & MACD would determine the position of nifty above or below the midpoint..
Hope the contents are not too loaded??
The idea of this thread is to capture the broad range for the series using Gamma
& IV of last day of previous expiry and Close..Nifty is expected to trade within the range & extremes are not expected to be breached..
Further,the midpoint of this range play a critical role of trend decider.Nifty above this would be positive and below it would be negative.MACD divergence tick(macd histogram),MACD divergence cross(macd line crossing signal line) & MACD would determine the position of nifty above or below the midpoint..
Hope the contents are not too loaded??