BNF Plan for 16/10/18

BNF has closed at 25388, Friday close was 25395, yesterday close is 25388.

With Big movement on Friday first hour, markets are grinding for a while, today I am tracking 25560 as my magic number, above this markets will fly up to 25720-25770 or it may take some time for markets to move up

on the downside would look 25270, below that gates open to yesterday low and finally 25110-25040

markets changes minute to minute, my views too changes, that’s the first lesson in markets

Options am tracking is 25000 put and 25500 put

25000 put should not close or trade below 60, above 140-180 is where it will fight back, till then not looking 25000 put at all

25500 put should be above 120 – 160, if markets correct today, it may come till 120-160

below 120, if it falls today itself and the next destination is 80, then bears would feel uncomfortable, they will be out of this option only below 60

On call Options -25500

It should be above 130-160 for the day, or else bulls will find tough to win the day

above 160-up to 220 -270 could be seen, from there big boss knows it

Below 60, is the weakness to bulls

Trade less, trade from savings money

All the Best

Sagar U.S

 

 

 

 

 

 

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