Boult2100

BankNifty - Insane rally!

NSE:BANKNIFTY   NIFTY BANK
105 1 4
BankNifty             made a humoungous move on the expiry day. Caught everyone by surprise by moving above 19275 especially call writers who sold calls with strike 19300. Once BankNifty             crossed 19300, there was panic among these people and must have bought futures in Hara kiri and propelled the insane move on the upside to 19518.

This is what FII's & other large players do. Their buying and selling impact prices immensely. They buy options on expiry day and then buy or sell to minimize the impact cost.

We were out after booking profits in the range of 19150-275 and were waiting on the sidelines once it crossed 19300 with force, jumped in again and captured the next 200 points in last one hour. All profits booked.

Now, will wait for BankNifty             to touch 19200-300 and will buy again.

Cheers.
Thanks
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out