Banknifty trading at 25300, markets have opened gap up, but we saw Bears taking control for 1st hour and made a low of 25145, what I am preparing for next 5 hours?
BNF must be above 25370 and close for bulls to be in the game for few days
Bears want to take out 25040, till then bears have to fight out!
Expiry week – 25000 put and 25500 call i am tracking
25500 call – Need to be above 130 – 180 – 240- 280-360-460
Below 130, it may come till 60 to 80
Closes below 80 for Monday, Tuesday, Wednesday
Bulls have to fight to move upwards
But by Thursday afternoon, if it is above 60, will take a call on expiry day, how to trade
On downside i would track 25000 put options
It should not be below 180, if it is below 180 for 3 days
Above, 180 by Thursday noon, may go upto 360 – 500
It is holding above 40 by Thursday afternoon, let’s take a call on Thursday
Trade from savings money
All the Best