Bank Nifty is the biggest roller coaster in INDIA at present, after weekly expiry, it has no competition in our country
I need to pinch myself what I had written and what has happened! That’s for another day, let me have my strategy for tomorrow expiry day
Bank Nifty has crashed to 26802 on Tuesday, the very important Support Levels is 26770 to 26660 to 26510!
Resistance is 26860,26980,27060,27100-27180,27220,27290,27330,27410
US MARKETS ARE IN POSITIVE AS I write these, ASIAN MARKETS and European markets will determine how markets open tomorrow, Crude and USINR will guide how markets carry forward!
Call Options which I am tracking is 26700, 26800 and if markets gaps up and plays positive will look into 26900 & 27000
Put Options am tracking is 27000 & 26800 for tomorrow
Seriously tough to trade on put side tomorrow, if need to trade will trade on 27000 options
Below 60 by 2-3 pm game over for bears at 27000
Above 60 by 2-3 pm, may reach up to 230,270,340,380,420 !
Trade above 20 by 2-3.05 pm may close near 60
Trade below 20 by 3.05pm “o”
Call Options 27000
Above 60 by 2-3pm, upwards up to 200
Below 60 by 2-3.05 pm “o”
Probable expiry number!
IF markets are not too bullish, we may expiry around 27020 levels
IF markets ARE too bullish expiry around 27180-27220
If markets are sideways -26860
If markets are negative 26660-26540!
Most Probable can be identified depending upon currency movements and global markets
All the Best! Tradeless with savings money