BNF has per our day made a low of 24240, from there it made a high up to 24745, nearly 500 points from 2.40 PM
2.30 PM markets made a low of 24240, bluffed bears and moved non stop on the upside
Markets opened flat in the morning, tried to make a low, fell up to 24325 and moved upside till 24660 around 12.30 pm
Markets from 12.30 pm till 2.40 made another downside and bears tried to take control for the day
Last 45 minutes Bulls took control and closed around 24618.
We need to connect the dots to understand BNF- Disclaimer
Friday BNF made a low of 24250 and bears made a big sound, and they are making it from early September week by week
Friday Interest rate policy at 2.30 PM, markets were trading at 24890, henceforth 1st stop is 24820 to 24900 and next is 25080 -25120-25370
Let’s see how markets close on expiry day.
24500 call didn’t fall below 140 and bulls controlled the day and have closed at 317
24200 put took huge support at 140 and the last 30-20 minutes markets fell up to 70.
Had a lot of opportunities to trade on both the options
However, I was inclined to call options, had a wonderful opportunity to trade
Myself is learning markets surprises and shocks -each unique minute and day is different
Need to be fast, need to have planned well in advance and fast enough to execute is the learning, fastest enough to change the views as and when markets react. last but not the least need to be ready to take a risk and ready to take limited losses.
Let see what’s in store for tomorrow movie
Sagar U.S