Buy Banknifty for the target of 46200+Good Morning Traders. I hope you guy's will be doing good in trading.
Well guy's Market looking very very bullish, so we are expecting a bounce back in banknfity towards 46200+ till tomorrow. I have a option trade if anyone wants to take:-
Options levels are-
Take Banknifty tomorrow expiry 45900 Ce at 187 now
keep stop loss at 129
Target 268/298/345+
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
Optiontrader
Expiry Strategy Nov: Sell 115 Put @ 0.75. Lot Size: 5334Trend continued to be in bearish territory on back of EMA (20 EMA below 50 EMA). Recent correction from the resistance of 140 level where roof of the downward trend line hovers.
On contrary, as MACD above zero expect the price to find support around 120 levels. In the recent past, the price comfortably found support around the same level twice.
Expect a bounce back in the coming days so Nov expiry would above 120 levels.
As I always believe in option selling rather buying based upon the trend, prefers Sell 115 Put around 0.75 level.




