subhagghosh
Short

How You Missed Expiry Jackpot :- Bank Nifty 14th Feb'2020

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty 14th Feb'2020:- From telegram's BNTrading.

If you have missed the expiry jackpot, just check the expiry BN strategy.

The BN opened (Open:- 31586, High:- 31649, Low:- 31180, Close:-31230) above the pivot , wan not able to enter the resistance zone (31650-31750) and took a u-turn and gone below the pivot zone 31495 and went below 31400 levels ( What I posted yesterday:- MAX OI change was at 31400 strikes:- 31400 CE (-1.61Lakhs OI changed ) and 31400 PE(+3.65 Lakhs OI changed):- The option writers are assuming the BN to expire above 31400, so this is a level to look out for if we see any unwinding happening 31400 PE, that’s to time to jump into the trade.) For us it’s a superb day, was able to capture the downtrend much early at 31495 and confirmation at 31400. Day low was 31180, which was pinpoint in our demand zone (31113-31183).

If you haven’t gone through my expiry special levels, you might have missed a big trading opportunity.

I said:- “I am bullish above 31260, as long as 31260 holds it’s a buy-in dip market. Trend reversal only if BN trades below 31260 for 15 mins and final confirmation is closing below 31260”

As BN has closed below 31260, the trend has changed to negative, the trend will be changed to positive, if we start trading above 31360 and final trend change confirmation above 31495.

I will be super bearish below 31113.

## Daily/Weekly/Monthly Resistance:- 31650-31750 / 31905 (23.6% retracement of 32613 & 29612).
## PIVOT:- 31,280-31360
## Tomorrow Demand / Support :- 31113-31183
## Tomorrow Demand / Support :- 30846-30947
## Weekly Support:- 30654-30705

There are two types of trades:- Range Trading and Breakout Trade.

1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone.

2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.


Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out