BankNifty trading at 26530 now at 10.55 am, Global markets are in sell-off mode from last week, our markets i.e Index are not able to slide down, nor able to sky up too.
Would be keeping an eye at European markets how they open and trade in the afternoon.
Our Markets BNF important number for the day is 26470 -440 on the downside
On Upside 26660-26720 on the upside
How they breakout this range and if they, would they sustain that level or recover from that level is what we need to watch and strategize our trade
Let’s see what markets want to do, we shall follow our strategy.
Would be looking 26500 Call Option – trading now at 120
40-90-160 is the range for the day. 70 is the midpoint -anything above 70 by second-half i.e 2-2.45pm -it would recover to 120-160.
On the downside 26500 Put option -trading now at 95
60-140 is the range for the day. Anything above 140-170, if markets free fall, we could see 220-280 by tomorrow
Below 100 by 2-2.45 pm -we could see 60-40 for the day.
Usually second half, before the expiry day – one-sided movement, let us see what happens and which side.
Trade less from savings money
All the Best