As analyzed we initially saw the Range-bound movement and the second half was highly volatile. We suggested buying 36900 PE in the morning at 290 which went to around 370 and we booked great profit. We also booked great profit in 36500 CE bought at 260 and it went to above 400. Overall, it was a great day for Option Buyers. BankNifty has broken the resistance of...
Good evening all, Good day at work today... Same target was met twice. good money.... No? For tomorrow, we are at a level where we comfortably see a 'long' position and reach out to 37000. If that breaks, then, 37140 and then and then and then.... So; Long side view: Buy above 36860 Target 1 zone 36925 Above this TSL Target 2 zone 37000 - 37030 Target 3 -...
BankNifty opened with a minor gap-down and we saw a good fall once BankNifty broke our Sell level of 36470. We were able to catch the bottom, bought 36200 CE at 250 which went to above 500 and traders booked great profit. We also bought 36500 CE and 36500 PE, booked profit in all 3 Option trades. For tomorrow, we can see a good up-move once BankNifty sustains...
Good evening all, Firstly apologies for not being available for the past 2 days, something I couldn't have avoided and required me more. For tomorrow, we are in a zone where the index could move either way. So; Long side view: Buy above 36685 Target 1 zone 36815 - 36855 Above this TSL Target 2 - 36920 Target 3 zone 37000 - 37030 (Long SL -...
1. In Day frame BN made Pinbar Candle which is Reversal Pattern 2. We can go long if High of Pinbar Candle Breaks 3.Chances of Consolidation between PDL&PDH 4. 37000 is Major Resistance for Tomorrow 5. If 36000 level Break 35700 is The Next Major Support Check Below link for our Yesterday Levels and Check the Accuracy. Simple Yet Powerful *Always Enter...
BankNifty opened a flat and we again saw the rejection in the 36900 - 37000 zone, today we saw a volatile and low range market as analyzed in the morning. We bought 36900 CE in the morning around 290 and added more around 210 which we sold with a loss at 220. We also bought 36700 PE and 36800 CE and booked profit in both the trades. BankNifty closed near the...
NSE:BANKNIFTY Observations: 1)On 1 hr Time frame we can see that it has been trading in ascending channel pattern. And now taking support from the upper trendline of channel pattern. Breakdown of upper channel pattern will give good down move. Please refer below chart : 1hr time frame. 2)On 1 hr Time frame we can see that Critical level for BN is...
BankNifty opened with a gap-up above our Buy level of 36900 and we saw an up-move towards our First Target 37050 and we saw a rejection around 37140. We bought 36900 PE in the morning and 37100 CE in the afternoon but both trades booked with loss. BankNifty was trading in the range for almost 5 hours so we are expecting a good directional move once BankNifty...
Good evening all, Contarary to its nature, it was comparatively sideways today and within the range we had marked. it has been so for the past 2 days and has been volatile within that. For it to gain momentum, it needs to break 37000 and 36250. So; Long side view: Buy above 37000 Target 1 - 37175 Above this TSL Target 2 37315 (Long SL -...
Good evening all, Like I said last evening, VOLATILITY is the flavour of the month and we witnessed it today..... Again. 320 points up in around 50 mins and down 250 points in 120 mins. But this is good for us as we get to use the momentum to achieve our targets faster and if you trade options, we keep theta out of the play. For tomorrow, we may see some...
BankNifty opened with a gap-up and tested yesterday's low. We bought 36300 CE at 270 and again at 260 which went to around 400 and Traders booked great profit in Morning. After morning up-move, BankNifty was moving slowly to eat premiums and there was not much opportunity for Option Buyers after morning trades. For tomorrow, we may see a good rally if BankNifty...
BankNifty opened with a gap-up and we saw a morning rally towards 36997. We bought 36900 PE around 220 which went to around 390 and Traders booked great profit. We also bought 36400 and 36500 CE and booked great profit in these trades too. Overall it was a great day. BankNifty formed a bearish candle on a daily time frame and we would see another down move if BN...
BankNifty opened with a minor gap-up, and we bought 36500 PE at 300 in the morning which went to 390 in just 5-10 mins and Traders booked good profit. We also bought 36400, 36500 PE, and 36400 CE and closed all in profit. We also bought 36500 CE at 260 but we saw a sudden fall of 200 points and we did exit with 40 points SL. Overall, it was a good day for Option...
Good evening all, Today was a taste of what September will be like. Volatile. Historically it has been. But the peak margin rule change may witness some slowness. The daily, hourly, and 30M charts suggest some room above but we might as well see a range between 36500 and 36200. All we need is, for it to sustain above 36500 or below 36200. So; Long side...
BankNifty opened above our yellow resistance line and as expected we saw a Trending up-move and hit all our levels. We suggested buying 35900 PE around 270 which went to 340 and Traders booked good profit. We gave 35800, 36100 PE, and 35900 CE and all booked in profit. Overall, it was a great day for Option Buyers. BankNifty closed near a resistance line again...
Good evening all, What a run we had today. All our targets over the last 3-4 sessions met and 36320 broken. Do we see a new high? May be...... Let's see. It is at a point where it may reverse from the PRZ or move up. So; Long side view: Buy above 36475 Target 1 zone 36620 - 36635 Target 2 - 36840 Above this TSL (Long SL - 36350) --------------- Short side...
Good evening all, Tomorrow, we still see a range between 35500 and 35800. Other than that nothing. This has been over the past 3 trading sessions. We be excited when it breaks this. Till then; Long side view: Buy above 35800 Target 1 - 35900 (Long SL - 35650) --------------- Short side view: Sell below 35495 Target 1 zone 35410 - 35360 (Short SL - 35650) ***...
BankNifty opened with a minor gap-down and it took support from lower levels, we bought 35600 CE at 270 which went to 320 in just 5 mins and Traders booked good profit. We also bought 35700 PE at 300 and it went to our target of 345 and booked good profit in that trade too. We are expecting to see a good up-move once BN would break the falling yellow trendline on...