Buy Banknifty future above 26105Buy Banknifty future above 26105 or 26200 or 26300 ce according to investment or risk appetite next expiry. cmp 26055. sl below 25800 tgt 26385-26660 NSE:BANKNIFTY
Bankniftyexpiry
BANK NIFTY HOLDING ITSELF ON CRUCIAL SUPPORT OF CLOSE TO 25000INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 24, 2018)
BANK NIFTY HOLDING ITSELF ON CRUCIAL SUPPORT OF AT CLOSE TO 25000
BankNifty : Finally from ABCD's to Cypher !First I had mentioned Gap Up n Down scenario's in Banknifty but as market opened I have changed it to one-sided scene.
(i) If trendline violated to upside wont sustain for longtime max 21650's only, then reverse to down
(ii) Touch n Play with trendline from Downside & Straight move to down
Today weekly expiry right ? Extreme guess work, BankNifty may reserve that downmove for last session.
Lets see how it plays out ! Happy Trading !
BankNifty : Sharks & Flags in Muddy Waters !BankNifty analysis is going to be real simple one. Bearish Flag formation, so what an ideal bearish flag will do ?! Breakout to downside. There are few things we need to take note here. The first one being the Bearish flag ( which I didn't enter yesterday) so if the shark is working then it will move up a little bit and today being expiry day, if a double side move happens it will be great.
So first half of the day, I'm assuming the targets of sharks to be achieved and later by the day channel & Bearish flag comes into play with breakout, so being expiry day in Banknifty some movements within 100-150 points on either side will be nice or to be honest I'm expecting these.
Few option traders believe they can make money in single expiry day, No it won't work that way. So never go All-in as if you are playing poker, Plan n trade carefully !
