We might see a pull back to 38900-39100 before Weekly Expiry of 18th Nov, If It survives downside support levels of 38100-37900..
Might get a Jackpot trade on Expiry if we get a sideways market on Wednesday..
On hourly chart it's clearly visible a symmetrical triangle formation in BANKNIFTY spot price. Closing above 36800 on hourly basis may bring the range 37000-37300 plus by next weekly expiry on 02/09/2021. Stop loss will be 35500 on hourly closing basis. Due to high volatility and relative weakness in banknifty one must be proactive and alert while initiating fresh...
Following trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound.
A CE option mentioned below is a European Call Option, while a PE option is a European Put.
A hedger always buys these options and a speculator mostly sells one.
But when the speculator only sells these options, the...
As so you see in the chart, that 14550 is a strong Resistance.
In the morning Nifty try to break but failed. But in the last 1 hour Nifty Break that point and goes up.
So for Tomorrow there is simple Strategy.
If Nifty give normal opening, we will 14630 CE.
If Nifty give gap up we will wait for the correction tilln14292 and then buy on dip.
If Nifty give...
As you see in the chart,
Nifty Touch 14875 level two times and then reverse and
Today same thing is happen. What I observed after reversed in the past Market give gap down Opening.
So for tomorrow, there is only a simple Strategy.
If Nifty cross 14875, we will Buy CE.
If Nifty goes below 14700, we will buy PE.
In Gap up or Gap down Opening we will wait...
As you see, there is down Trend is made in Nifty chart.
There is a support on 14630 if it's Nifty can goes down.
Nifty is weak today, tomorrow it also can be,
Tomorrow is weekly expiry.
Buy PE on Upside once it's break 14630, You can make a good profit.
You can give your suggestions in comment box.
As you know BANK NIFTY already broke the big Support Point.
Now from Here, 33800 can be the Next support point.
So on tomorrow if the market get ve Gap up, then we will wait for the right time to buy PE.
If Market give Gapup opening, we will trade 33800 or 34000 PE.
But Be cautious on tomorrow, tomorrow is weekly expiry.
You can give your suggestions in...
Nifty can give gapup opening on tomorrow.
Or Nifty can retrace inthe the morning.
If the Nifty retrace in the we will buy CE on dip.
If the Nifty give us Gapup opening then we buy PE .
Note: But be cautious for tomorrow, tomorrow is weekly expiry.
Bcs on the event of Mahashivratri Thursday Market will be close.
Strong Resistance at 36500, 4 Times NiftyBank try to break.
Today if It's Break You can Buy Call Option CE 37200.
NOTE: IF THE OPENING IS GAP UP THEN WAIT FOR THE CORRECTION,
SECOND NOTE : THERE IS ALSO A GAP UP 36600-36700 IF THE BANKNIFTY IS COVER THIS THEN THERE IS MORE CHANCES TO GO UP SIDE.
YOU CAN ALS GIVE YOUR SUGGESTIONS IN COMMENTS BOX.
1. Today closing at Intraday Day High
2. Price action suggest very strong support at 15000,
3. Buyers are dominant in last half hour in day.
4. Max OI in call side at 15300 and Put side at 15000.
5. Previous day range(Wednesday)
NIFTY | Weekly expiry discussion | Short straddle / Iron Fly
Quick fall and sharp recovery immediately, expecting some consolidation in this zone like it happened previously.
Can create a dynamic range bound statergy for tomorrow's expiry - limited risk. If market moves violantly we can do adjustment trade by going market direction and come out with no loss or...
Nifty trading near its psychological support @10000 level and by analyzing the chart it is clearly seen that nifty is in sideways zone, so it is likely to trade between the range of (10000-10200) for the 11th june expiry.
There is no clear indication of long trade or short trade confirmation.
On downside there is a major island gap of (9600-9700), that nifty may...