BANKNIFTY 7th Oct may expire between 37000 and 38000BANKNIFTY 7th Oct may expire between 37000 and 38000
Expirystrategy
#banknifty view for 12th Aug'21 #expiry#banknifty view for 12th Aug'21 #expiry
Do you see #banknifty weak?
No, BN at 35,806 is trading above the majority of SDMA (10/20/50/100) and 5 SDMA is 35,903, and the majority of momentum & trend oscillators are in buy mode.
What do I do, go long or go short? I don't see any weakness in the market until 34,861 is breached. Till that time, its buy-in dips the market for higher targets.
Do I get a shorting opportunity at higher levels? Yes, might be close to 36,600 to 37,900 areas
Where do you see major support for BankNifty ? 35,211 / 35,404 / 35,596
Where do you see major resistance for BankNifty ? 36,372 / 36,631 / 36,891
DZ:- 35,900
On 4 hour time frame:- 50% & 61% projection is placed at 36,905 & 37,563 which may or may not be achieved.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Bank Nifty Important Levels for 12th August Expiry Bank Nifty Important Levels for 12th August Expiry
POC around 35926 in Bank Nifty Future 1 hour Chart
Point of Control (POC) – The price level for the time period with the highest traded volume .
Banknifty View : Intraday Levels for 1st July 2021 WEEKLY EXPIRYOverview: Bank Nifty opened flat, took support exactly at our mentioned levels of 34893 and started to trade upside, later in 2nd half market fell sharply after testing the resistance zone and due to the European market fall BNF corrected to 34750 levels.
As below 35000 levels, we must have got a very good shorting opportunity.
Banknifty resistance level: 34893/35076
Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1PM we can have a very good movement on range breakout.
Banknifty Support level: 34629/34443
If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support.
It will then continue to get 2nd level of support so trade with caution.
If you like my daily analysis then do like and comment your opinion and see how my levels are working /playing in the intraday scenarios, this will motivate me to bring more such analysis.
Intraday levels - 03 June 2021 - Cup and Handle pattern
- Support and Resistance levels marked in chart
Nifty Expiry View 27 May 2021As mentioned in earlier post of 26 May 2021 Nifty View, I see expiry close to 15200.
However, today's price action at resistance zone have given a bullish sign making a small flag,
if breaks then may test all time high, else if it breaks the lower inclined trend line, then it may test support level 15200
So, range for this monthly expiry 15200 - 15400
Intraday levels - 27 May 2021 Expiry Special 1. Price action
2. Multiple time frame analysis : -
Wedge pattern show ,In 15 min time frame bullish flag pattern , Buy / Sell if break mark imp levels .
NIFTY50 MAY Expiry buy 15000CE @151/-NIFTY50 MAY Expiry
buy 15000CE
@151/-
TRG 298/-
100% return in 5 days
NIFTY TRADE SETUP FOR EXPIRYTomorrow is expiry , Lets discus trade setup in detail:-
1. If nifty opens gap up :- If Nifty opens above 15080 0r 15100 than look for buy on Dip till 15040 .with 15000 as SL . Don't forget to trail your SL.
2. If nifty opens Gap Done :- if Nifty opens below 15000 then sell on Rise till 15090 . Sl will 15125.
3. in Range :- if Nifty opens between 15020 -15070 . we might see a Range bound Market in First Half .Best to sell CE and PE option both. with 20-30 rs SL.
BANK NIFTY - 29 APR 2021 - EXPIRY SPECIAL - INTRADAY PLANBANK NIFTY - 29 APR 2021 - EXPIRY SPECIAL - INTRADAY PLAN
Bank Nifty has been consistently moving up from past 3 days. People have gone long on Bank Nifty with high option premiums on the call side.
Big Money might take the market up to 34000 & then take a drop to 33200 & stay volatile throughout the day to eat premiums.
track and short @ 163 if the script comes near rate 162-163 in this expiry
one can short it (next series)
disclaimer - trade @ own risk
note - sl and target will be update when and if the trade triggers
NIRTY TRADE SETUP FOR EXPIRYI am continue with same strategy ... sell from top and buy from bottom .
Let's discuss all three possibility today. 1. gap up :- if nifty opens above 14400 . it will not going to happen as SGX trading Around 14200.2. Gap down :- if Nifty opens below 14190 , then it will be sellers market . we will sell till nifty sustain below 14325 with 14400 Sl .3. Range bound opening ;- if nifty opens between 14190 - 14300 . then we will see range bound market . wait for 30 minute ..mark the range and sell from top and buy from bottom till market trade in same range .
NIFTY TRADE SETUP FOR EXPIRYThere will 3 kind of scenario in the market .1. Gap up2. Gap down 3. normal .L ets discuss all three scenario in detail and set a trade plan accordingly . 1} Gap up :- If nifty opens above 14575 or 14650 . then we will look for buy on dip till market sustain above 14450 . 2 } gap down opening :- if nifty opens below 14450 .then we will look for Sell on rise till nifty sustain below 14550 . 3. normal opening :- in case nifty opens 14450 - 14550 . then we will see range bound market . and movement comes either in first 15 minute or in 2nd part of market . in such scenario mark the range and sell Ce option at high and sell Pe option on Low. Nifty define its Range in first 15 min or max in 30 minute . Mark the range , identify the market and set your trade with conviction and SL. wish you all Happy trading . Thanks for messages and support.
Banknifty on its crucial level. Initiate Buy above 36500See the charts for levels. Ask me for any doubts.
