Better to avoid trade On expiry day the market is expected to open gap-up .If there is a gap up of over 200 points then avoid trade initially and then go by price action in small qty. Look for Future long positions in L&T, Reliance, HUL or infosys at swing lows
All disclaimers applicable .Not liable for any financial losses or gains. this is posted for Study only.
Trading in bank nifty is highly volatile and risky.
Please check the texts marked in the chart. Take positions with appropriate money and risk management with Stoplosses.
1. If BNF moves gap-up at opening avoid trade .wait until it settles down .If you want...
BNF ha bullish overtone. However there could be a small retracement tomorrow before heading upwards. Sell below the Green lines and buy above the Red lines.Keep 100 points target.
Disclaimer
We are not SEBI registered or professional Financial experts .
Trade at your own risk .This Channel is not responsible for any losses that you might incur. Views are...
1. 28 is a expiry day . take ATM or ITM strikes
2. FII has sell position for 4 consecutive days
3. US markets are higher. Nasdaq is up around 2 % at the time of writing this report
4 Bank Nifty is in bullish mode . 37000 holds important resistance .. However its likely that this important level will be breached tomorrow. Look for long positions when there is...
Buy above the green arrow mark and sell below the red arrow mark. keep small targets of up to 50 to 100 points only. This Thursday is monthly expiry too. Premium value will erode at brisk pace. Do not hold positions for higher time frame.
Note : The analysis is done based on data sets available at the time of writing .The view might change after the US markets...
37000 holds major resistance for this weeks expiry. Take long above this only if it closes above this line. Else if you are risky trader take long postions in small qty with strick stop loss.
36500 and 36000 are major support areas for bank nifty. look for breakouts in the lines marked for sell or buy calls.
