BANKNIFTY AUG 03 -09 2018 OPTIONS ANALYSIS

Disclaimer – This strategy is for my educational purpose, do consult your financial adviser

BankNifty has closed at 26696 on Friday

I would be tracking ” 27700 “, 27800 & 27900  call options

On put side would be tracking ” 27900 “, 27800 & 27700

 

27700 Call Option

The magic number for the week is “70” & “180”

Any close below 70 for 600 Minutes is a danger signal

Below 40 -for 240 Minutes is the final nail in the coffin for  20 – “0”

On the upside – 70 & 180 are the important number to track

Close above 180 for 1080 minutes, signals a clue Bulls are in front,

Above 280 for 180-240 minutes is super bullish before wednesday 2pm.

However, above 220 by Thursday 2pm, shows bulls are in full control.

By 2.40-3.05 pm on Thursday if it is trading above 220-260-290-320-350-380.

For the week

“70”-120-160-“180”-220-260-290-320-350-380

 

27900 Put Options

The magic number is “60 ” & “210”

Above this number 60-80-110-140-180-“210”-240-280-310

Below 60 close for 180 minutes before wednesday danger signal, but close above 60 by wednesday, still a chance to pull back up to 140-210, but not a victory

Below 60 on Thursday by 2pm- 3.05 PM- Game Over “0”

Trade from savings money, trade less

All the best

Sagar U.S

Published by

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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