Nifty 50 – Bank Nifty Strategy – 4th February – 8th February 2019 – Option Chain Analysis
In this Nifty chart & Bank Nifty chart Option chain analysis video I have discussed about Open Interest in Indian Stock Markets along with price action of Nifty 50 and Bank Nifty along with important takeaways from Budget 2019. In last week’s video, I had discussed why it was important to stay away from Nifty futures and Options along with Bank Nifty futures and options due to Budget 2019. There was no point getting caught up in unnecessary volatility.
This week, there was significant volatility in Nifty and Bank Nifty given that Budget 2019 was due and now that Budget 2019 is over, Nifty and Bank Nifty have formed a clear Range structure. I have explained this on Nifty chart and Bank Nifty chart. I have also covered how Nifty and Bank Nifty are among those Index that are still holding out relatively better. I have shown through Golden cross concept that Nifty, BankNifty, Nifty Energy, Nifty IT, Nifty FMCG and Nifty Financial services are the sectors one should focus upon.
I have taken up Bank Nifty components to explain how Axis Bank, ICICI Bank and HDFC Bank are the one’s one should focus while trading into Bank Nifty sector. Towards the end, I have discussed key takeaways from Budget 2019 and I have discussed Nifty and Bank Nifty key levels.