Last week, Banknifty formed a wide range bar. We can expect a pause this week, and anticipate an Inside Candle formation. Best option right now is index plays with short option. Plan for OTM Short Strangle or ATM Short Straddle. But due to very low VIX regime, maintain tight stop loss.
eyeing for target 1580 entry n far OTM 1500 pe @ 12 disclaimer - trade @ own risk
I hope nifty crossing 13600 be a false break out Hope nifty open below 13600 hope it breaks the trend line and has the good shorting opportunity I'll short 13600 CE with stop loss with 10 points as stop-loss ill update the level I enter for 1st half only ill hold is trend line break as tomorrow the option otm will get zero in the second half maybe there...
Hope market opens flat or small gap-down. Big gap up then don't trade or see price action and enter As after a fall, there are continuous resistances upside trend and tomorrow is option expiry My view is negative tomorrow but hope the first half is : sideways then 2nd half : if the bank nifty cross 29800 then big bearish downtrend till 29000 or 29100 ...
ICICIBANK now it is in perfect trend trading tomorrow buy when 30 min macd gives buy signal . with target 1 488 . if market open with small gap up or nearly flat then take trade then only avoid if it open if opened big gap up and tomorrow thursday so please take equity only volitility will be high wait for indication . if look market looks bullish then best time...