BNF closed at 25327, it was a roller coaster ride yesterday same could be seen today too
I have prepared a series of plan, one is would be tracking today expiry options, next week and monthly options
Would track only 2 call option in weekly expiry that would be 24400,24200 and if markets are brutal then maybe 23800
The plan is ready for all 3 options
wouldn’t track any monthly or next week call options
On Put, Options would track 24500,24200,24000 weekly
24000 monthly and weekly options would be on my radar
If everything falls in place would trade
The better margin of safety is to trade monthly options today
I would track 24000, monthly options 24000 should be above 220 and trades above 280 for 3-4 hours it is a clue for further downside, the next stop is 370 -390
Above 400- a bloodbath, but I want 400 to close above 2-3 days and a confirmation
will trade light in weekly expiry today, if gets an opportunity probably 24500 put options
Above 60, positive till 130-200- 250-350-480-550-620-700
Who knows markets may recover after the huge gap, so need to be prepared on upside too
would track 24200 & 24400 call options
Positive Above 40, is the number would be tracking for the day
Negative below 40
Best place for value is around 40, nothing above or below
In case, markets take a u-turn and close positive for the day, I would rather track 24800 call options weekly – it should be above 20, nothing below or above
let’s see how it works
All the best
Sagar U.S
