Monthly Options is trading trading at 352, 27000 put options
Magic Number is 395
Atleast it should be above these for 4 to 8 – 10 hours
Close or trading above 395, by Thursday afternoon, bears are in serious game, they will push upto
– 540-575, 620-640
Then, if they have stamina they will hold at high price or fall!
Now the other view –
Below 395, I don’t know where it will close, however bulls will bring them to 180 to 80 first, it’s tough but not impossible in markets, the next stop is 0
First rule is don’t predict markets
Trade less, Trade options from savings money
Bank Nifty @ 27115 Current Price
Just see what i have written on 4th Jan 2019
I hold on same views
Will update in few days ,if any opportunity arises !
Trade Less ,Trade Options Only From Savings Money
Nifty Current Price is 10781
Nifty Put Current Price is 54 ,Nifty 10700 Put Options Magic Number is “120”.
Bears Would be entering the game only above “120” .
Below 80 Close from today to Thursday is a danger signal to bears.
Let it close above “120” ,will update later in my blog !
Now,Coming to 10800 Call Options ,the current price is 74
Magic Number is “90” on Upside ,Close above this Bulls in the game !
Magic Number on Downside is “40”,Close below this Bulls are out of the game !
Disclaimer – Close below 40 by Wednesday may happen or may not -that left to markets ! I am not here to predict !
But below 40 by Wednesday however ,by Thursday noon,if it is above 40 ,bulls are still in the game !
Watch out for that !
If convincingly below 40 close ,bulls are out !
If opportunity arises in next few days ,will update here in this platform !
Trade less ,Trade Options ONLY from Savings Money