BankNifty 3rd & 4th October 2018 Plan

Disclaimer – It’s for education purpose, do consult your research analyst, this is to improve me better!

BNF closed at 25367, Today would be tracking 25300 Call Options and 25400 Put Options

25300 Call – Should be above 230 for positive expiry week

Above 80 positive for this week – 80-120-160-190-230

Above 230 – 260-290-320-360

Need to buy only if it sustains above 80 by tomorrow at 12 pm .if it is above 80 by tomorrow 2pm to 2.40 pm- could move up to 230-330

The best place to buy was on 1st October – today if markets get support at 60-80 for 30 min to 1 hour, the best bet to trade for some quick trade with a stop loss or else sit tight but if it is around 60, it also means it is ready to become “0”

Need to flexible and adjust to markets as and when

 

25400 Put Options

Need to be above 30 by tomorrow 2pm to 3pm,ย  if it is above that we could see up to 220

Today, it needs to sustain above 60-80 to 120,ย  for 2 hours to 3 hours then theย  best place to buy for 20-30% return for a quick short-term trade or sit tight

Trade from Savings money, trade less

All the best

Sagar U.S