Banknifty Trade Setup for 10.08.22 with intraday levels
Bullish trend prevailing in market even in case of a subdued opening. This is being supported by the heavy put writing in both the indices. Dow is flat with Euro markets moderately strong. USD INR is the only laggard in this whole scenario. Given that, we can expect a flat to gap up opening in banknifty.
In case of a gap down opening it would create some panic for put writers and down move can be massive.
Conviction bullish
Bias neutral
Trading Ideas
Long above 38230 Target 38426
Short below 38078 Target 37968-37891
>>Option buying
Long Position: Buy 38400 CE
Short position: Buy 37800 PE
>>Option Selling
Sell 38000 PE with SL of 20 points
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Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
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*SEBI Mandatory Guidelines*
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No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
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In case of a gap down opening it would create some panic for put writers and down move can be massive.
Conviction bullish
Bias neutral
Trading Ideas
Long above 38230 Target 38426
Short below 38078 Target 37968-37891
>>Option buying
Long Position: Buy 38400 CE
Short position: Buy 37800 PE
>>Option Selling
Sell 38000 PE with SL of 20 points
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
Group Admin or Members not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
