Disclaimer – This strategy is for my educational purpose, do consult your financial adviser
BankNifty has closed at 27820 on Monday
I would be tracking “27700” call options
On put side would be tracking ” 27900 ”
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 220-260-290-320-350-380,440,480,520,580,630
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”-240-280-310,340,390,430,460,490
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
