BankNifty Update for the day 27June 2018

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

Sagar U.S

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Sagar U.S

Have all human nature like greed, fear, love, passion, compassion, but the latter qualities are my strength. Mission to create 1 Million Entrepreneurs !

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