BankNifty 8th October 2018 Update

Disclaimer – Do consult your Investment advisor and it’s not a recommendation, this is for my self-learning “ONLY”

BNF has closed at 24443, am expecting 2 open low in next 9 trading sessions.

BNF trend is “down” medium term and short term.

OPEN LOW means – Bullish (Context here is  “intraday” ) Don’t know when it may happen!

The number to watch is 24250-24110-23900 then, the next stop is 23770-23660

From there only one person knows it – “BigBoss”

To know the as trend reversed upwards, markets have to give clue- Number to watch is 25080-25370-25650-26060-26440-26820 (boundary)

For today – Above 24250 – Positive – till 24510-24680-24820

Below 24250-markets may slide up to 24040. But need to close below 24040 for  2 weeks for another selling to start.

Options to track -24500 call and 24200 put

Need to be fast with the execution ( Intraday )

24500 call – best place to look for a trade is around 80-60 today for 20-30% return, keeping a stop loss for 5 % if we don’t get -no-trade -always tomorrow

If options are not falling below 120 – the clue is markets are not ready to fall for today

24200 Put – best place to look for a trade is around 140-120-80 today for 20-30% return, but 120 should not close below 15 to 30 mins .keeping a stop loss for 5 % if we don’t get this level, it shows bears are in a big grip in the current market.

All the Best to me and others

Sagar U.S

 

 

 

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