BankNifty 14June Weekly Expiry 2018

Bank Nifty has closed at 26643 on 13th June. Today is Expiry day.

Disclaimer – This is for my personal education purpose, please consult your financial advisor.

Strategy for the day

1)If Markets Break down – I would be looking at the number 26570, if it trades below that number, next stop is 26440,26330,26250,26120,26060

where it will end, nobody knows and cannot predict, our job is to follow the price action

2)If Markets move upside- markets need to trade above 26695, if it trades above that number, next stop is 26770,26880,26960

3)If markets or in sideways mode- what to do -do nothing.(Range of 26520-26690)

4) if I want to look on the downside- would watch 26700,26600,26500 put options strike price

5)If I want to look on the upside -would watch 26300,26400,26500 call options strike price

6) for the day, I would track 26700 put, it should trade above 150-180 if it then 260-350 would be next destination – I am wrong 10 out of 7 times disclaimer

7) I would track 26500 calls if it trades ONLY above 190, then destination 270-360-460

Markets are expected to open gap down as per pre-open

All the best

Trade from savings money

Trade less

Sagar U.S