Swapilchoksi

Bank Nifty Expiry Trade

Long
Swapilchoksi Updated   
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Strong Demand Zone @ 23150-23250.
Minor Resistance @ 23450
Strong Supply Zone @ 23800-2400.

I will short the 23000 put for the next exp if it will manage to hold above 23150-23250.
Once it will trade above 23450 then I will go long in Fut for the target of next supply zone @ 23800-24000.
Comment:
Bank Nifty is facing minor resistance @ 23650...Fresh move will start above this level...
There is a intraday gap near 23460 now lets see it will come down and will take support or not or straight it will move above 23650...
Comment:
there is no sign of weekness in BNF...also BNF is trying to cross minor resistance @ 23650...If it will sustain above this level in next 30 mins then I will review my long trade once BNF will test 23800-23900
Trade active:
Bought 24500 call @ 185 sl 135
Comment:
CMP @ 225....safe trader can book profit @ 220-225 rage ... I have booked 50% profit...50% will carry because showing vgud strong strength
Comment:
wow now above 300...
Comment:
CMP @ 350 dont trade with stick SL ...I will book @ once spot price will reach 24500
Trade closed: target reached:
booked full profit @ avg cost of 300

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