Banknifty Trade Setup for 11.08.22 with intraday levels
Consolidation killing option buyers but favouring the option sellers. Given the price movement, people have heavily written calls especially 38500 CE. These positions would a problematic in case of a significant gap up if Dow can hold it till tomorrow morning. The writing in banknifty has been more directional as compared to Nifty which is more of a balanced one. Hence, the movement tomorrow can be led by banknifty.
Conviction bullish
Bias bullish
Trading Ideas
Long above 38426 Target 38700-800
Short below 38231 Target 38000
>>Option buying
Long Position: Buy 38500 CE
Short position: Buy 38000 PE
>>Option Selling
Sell 38500PE 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.
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
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Do Consult your financial advisor before taking trading or investing decisions
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Conviction bullish
Bias bullish
Trading Ideas
Long above 38426 Target 38700-800
Short below 38231 Target 38000
>>Option buying
Long Position: Buy 38500 CE
Short position: Buy 38000 PE
>>Option Selling
Sell 38500PE 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
