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BANKNIFTY ANALYSIS - Jan 13

Nifty Bank Index (NSE:BANKNIFTY)  
aman_saha Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Harmonic Patterns Wave Analysis BANKNIFTY bankniftytrend bankniftytradesetup bankniftytrading bankniftyview bankniftyanalysis bankniftylevels bankniftyoptions bankniftyidea
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trendanalysis harmonicpatterns waveanalysis banknifty bankniftytrend bankniftytradesetup bankniftytrading bankniftyview bankniftyanalysis bankniftylevels bankniftyoptions bankniftyidea
Case 1 - BNF opens flat (within 60 points range and crosses 32350, a long trade can be initiated.
Case 2 - Market opens big gap-up, it can reverse from 32500 (bc psychological level) or it can touch all time high and then reverse.
Case 3 - Market crosses 32200 level, a short setup can be made.

Since it will be Wednesday, PUT SIDE premiums need to be adjusted, so I will be more comfortable in selling call option rather than put, since the market is already too overstretched.

Let's see what happens.

Cheers.
Comment:
My plan for case 2 worked out fine. I hope you guys now understand the importance of planning ahead. Enjoy Profits.

Many people are approaching me for learning. I am planning to take a webinar. If you guys are interested, please let me know.

All the best.
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