Banknifty Trade Setup for 11.09.22 with weekly outlook
For almost 2 weeks I have been of the view that positionally market (few intraday views have been bearish) is long and what we observed on Friday is profit booking as banknifty had moved a lot. Positional view of banknifty is still long and buy on dip strategy is on till we reach 43500. This has been strengthened by US market movement on Friday.
The point of concern has been the conflict between Greece and Turkey which might have some negative impact as any war has. Please keep a track of the developments
Conviction bullish
Bias bullish
Trade Setup
Long above 40450 Target 43500 (positional monthly) / 40685 intraday
Short below 400280 Target 40000
>>Option buying<< (take next week options)
Long Position: Buy 40500 CE
Short position: Buy 40000 PE
>>Option Selling <<
Sell 40000 CE with 30 point SL (can be sold positionally)
40500 short straddle can be taken with 30 point SL on either legs (remember to set SL in system)
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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.
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*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
I am not responsible for any financial losses
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The point of concern has been the conflict between Greece and Turkey which might have some negative impact as any war has. Please keep a track of the developments
Conviction bullish
Bias bullish
Trade Setup
Long above 40450 Target 43500 (positional monthly) / 40685 intraday
Short below 400280 Target 40000
>>Option buying<< (take next week options)
Long Position: Buy 40500 CE
Short position: Buy 40000 PE
>>Option Selling <<
Sell 40000 CE with 30 point SL (can be sold positionally)
40500 short straddle can be taken with 30 point SL on either legs (remember to set SL in system)
-------------------------------------------
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
I am not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
