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Nifty Ends Near Pivot Point, Will It Trigger Swing Trade opportunities Tomorrow?

in.investing.com/analysis/nifty-ends-near-pivot-point-will-it-trigger-swing-trade-opportunities-tomorrow-200207625
Nifty Ends Near Pivot Point, Will It Trigger Swing Trade opportunities Tomorrow?
By AMPLIFY Financial Course   |  Feb 11, 2019 17:11
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India’s benchmark Nifty 50 closed today’s trading session at 10923 approx. The index opened 20 points gap down in the morning and went on to make a low of 10870 approx. Today’s closing will play a crucial role in deciding tomorrow’s market direction as it is near a crucial pivot point. Selling was witnessed in call options today around 10929 approx. Going forward, the market is likely to remain weak and witness swing trade opportunities in tomorrow’s session. If Nifty trades above tomorrow’s range high it is likely to scale up to 11003 approx.

Nifty Options Data
Nifty Options Data


The Outlook for 12th February 2019
Nifty Daily Chart Levels
In today’s session, Nifty opened 20 points gap down at 10920 approx. The index witnessed selling in Call options around 10929 which were triggered by uneven distribution of options gamma due to the introduction of the weekly options contract. Overall, the market continued to be weak and has closed near a pivot point. Going forward, Nifty might witness an upside swing till 11003, if it trades above tomorrow’s range high. On the other hand, if it trades below tomorrow’s range low, it might scale down to 10746 approx.


Nifty Hourly Chart Levels
In the hourly session, Nifty has closed at 10888 approx. the index is likely to face resistance around 10935 approx. If it trades above tomorrow’s hourly range high, it is likely to scale up to 10980 approx. On the other hand, if Nifty trades below tomorrow’s hourly range low, it might scale down to 10842 approx.

Nifty Share Price Technical Grid
Nifty Share Price Technical Grid


Bank Nifty Options Data

Bank Nifty Options Data
Bank Nifty Options Data


SELF LEARNING GUIDE
How to calculate the“Range” of Nifty
Calculate Delta Neutral zones for the next trading day using “Black Scholes Model”
What is the Black Scholes Model?
The Black Scholes model is a model of price variation over time of financial instruments. The model assumes the price of heavily traded assets follows a geometric Brownian motion with constant drift and volatility. When applied to options, the model incorporates the constant price variation, the time value of money, the option's strike price, and the time to the options expiry.

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Nifty Ends Near Pivot Point, Will It Trigger Swing Trade opportunities Tomorrow?
 
Nifty Ends Near Pivot Point, Will It Trigger Swing Trade opportunities Tomorrow?

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Prahlad Das
Prahlad Feb 12, 2019 8:05
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Sir , can you kindly let me know which app or website, do you use to get this" Nifty option Greek scanners".
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AMPLIFY Financial Course
AMPLIFY Financial Course Feb 12, 2019 8:05
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We calculate this internally
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Aparup Chatterjee
Aparup Chatterjee Feb 11, 2019 20:16
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you are a true son of a beach
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Aparup Chatterjee
Aparup Chatterjee Feb 11, 2019 20:14
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hi
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