CTD -BankNifty Update for the day

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



Published by

Sagar U.S

Have all human nature like greed, fear, love, passion, compassion, but the latter qualities are my strength. Mission to create 1 Million Entrepreneurs !

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.