Bank Nifty Update 22/10/18

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

Trade less

All the Best

Sagar U.S

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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 !

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