BankNifty Trading @ 26860 now, what are the Levels to watch for the monthly expiry
Bears -Magic Number 26660-26510
Break Below this range will bring back the bears to the game
Bulls-Magic Number 26960-27180
Break Above this range will make markets fly
Options to track for the week are
26500, 26600 & 27000 Call Option for the week
27000, 26800 & 26700 Put option for the week
Today will track 27000 Call Option
Magic Number is 60 for the week
Above 60- 90-120-150-190-220-250-280
Below 90-60-40-25-0
Below 60 danger signal, below 40 for one and half a day, game over for bulls
Golden Rule – Anything can happen in the markets, just react to the market reactions
27000 Put Options
110-60 is the Magic Number for the bears
Need to be above 110-140-170-190-230-260-290-340-380-420-450-490
Below 60, danger signal – below 40 close for 1 day and maybe another half a day -Game over for bears, that will lead to 40-20-0
All the Best, Trade less, Trade from Savings mOney
Sagar U.S
#sagarus #ussagar #iamstocktale #sagaryouyes #banknifty
