Moving average cross over confirms the continuity of bearish trend. As well, MACD signals that bulls would find very challenging to hold the high in near term. Expect it would stay below 90 level for Dec series. By considering the lesser liquidity, suggesting option investors to execute the order above 0.5
Outlook: Bearish. Trend is bearish as It continue to stay below 200-day EMA. As well, MACD signals bearishness by heading below zero. Expect this series would be below 72. Suggest to write 75 call @ 0.55.
As price continue to stay below short term downward trend line and close below 50-day EMA with bearish engulfing would keep the trend under bearish territory. Expect Nov series would expiry below 720 and would fetch return of more than 20%p.a post expenses includes brokerage and tax.
Recent crossover in EMA and negative divergence in key indicator signals bearish bias in coming days. Expect the price would stay below 95 for this month.
Turns to bullish note. Expect it would expire above 500 this series. Sell 500 Put.
Trend expect to be sideways with negative bias. Expect this expiry would be below 420.
Gapdown made the trend to negative. Expect Sep series expiry would be below 410.
Negative divergence would place hurdle in higher side. Expect Bank Nifty Aug series would expire below 28500.
Trend turns bullish. Expects expiry will be above 360.
Long term continue to bearish. Expect Expiry should below 180.