Bank Nifty has closed at 28124. What Next for bank nifty after stupendous last week.
Million Dollar answer is “Nobody Knows”
If anyone tries finding out, then it’s a “BIG Irony”( including “ME”)
But, we can have a strategy & plan for the coming week expiry
Would be tracking, 28300 and 28000 Call Options and 28200 and 27900 Put Options
28300 Call Options –
Magic Number is “20 “, “80 ” and “160”
Above 80 Close by wednesday, bulls can come back for the week or game over for the bulls for this week
“20”-50-“80”-120-150-“180”-210-240
Below 20 by thursday 2pm, game over for bulls, above 80 by 2-3pm thursday, bulls will try to fly
27900 Put Options –
Magic Number is “25”, “75” & “130”
Above 75 close by wednesday, bears are in a game, but they need to be above “130” for bears to win handsomely for this independence week
“25”-50-“75”-110-“130”-180-210-240-270
Below 25, by Thursday 2pm, game over for bears, above 75 on Thursday by 2-3pm, bears will try to fly
Disclaimer – This Blog opinion is for my learning & educational purpose, not for any recommendations, it is to improve & understand myself better in markets
Sagar U.S
#sagarus #ussagar, #Nifty50 #banknifty, #iamstocktale, #sagaryouyes, #youyessagar
