For those who missed the BNF rally - tomorrow we may get an opportunity to enter again 34500- 34700 is support zone/demand zone
Expiry trades are quite volatile and risky - So bet only what you can bear
on Thursday it may touch 37000, will it sustain or not can't be said but it looks from the price action and data that it has a very high probability to touch
call writers today exited lower levels like 34000 strike price and even 44k call writers exited from 34700 levels.
If Tuesday remains in green and the US market remains supporting we may see some really good rally on Wednesday
Finally, it is always a probability and some hypothesis, that may or may not work ..This is just one view, do trade management & position sizing as per your skills and appetite
Do refer to my earlier idea on BNF
Safe Trading
Expiry trades are quite volatile and risky - So bet only what you can bear
on Thursday it may touch 37000, will it sustain or not can't be said but it looks from the price action and data that it has a very high probability to touch
call writers today exited lower levels like 34000 strike price and even 44k call writers exited from 34700 levels.
If Tuesday remains in green and the US market remains supporting we may see some really good rally on Wednesday
Finally, it is always a probability and some hypothesis, that may or may not work ..This is just one view, do trade management & position sizing as per your skills and appetite
Do refer to my earlier idea on BNF
Safe Trading
