BANKNIFTY CMP is 26960 , what’s my outlook for the month !
Disclaimer – Please Consult your advisor,this opinion is for my learning ONLY and test of MY knowledge in markets ! It’s not a recommendation! Secret in trading is have own opinion ! Never borrow other trade ideas or plan !
Note: Always Trade In options Markets Only from SAVINGS MONEY and Trade Less ! Need to understand the risk before return ! If you are not fast to change opinions according to the markets speed !Better do not enter options Markets ! PERIOD !
Rupee saved is better than expected rupee !
Okay,that was my honest confession !
I, am tracking 26500 Put Options Monthly ,Current Price is “245 “
Magic Number is 340 to 380
Above ONLY 340-380 bears would have energy drink to go further and win the battle for next 20 days !
Till then range between “230-340-380” is tough battle for supremacy between bulls and bears ! BLUFF RANGE or Bears Supremacy let markets decide ,i am not predicting !
Better to play VERY VERY “light ” between “230-380”
Below 180 -120-80 ,Bears would have lost round 1,2,3 ,but below 80 for few days OR A WEEK ,they lost the final round too !
“80-120 ON DOWNSIDE IS BLUFF RANGE ” or may be comeback may happen ,need to track smartly !
80 -120 RANGE HOLDS AND TRADING ABOVE THAT, by 25 JAN TO 31ST AFTERNOON ,BEARS ARE IN SERIOUS GAME !
Hope let’s see how markets pans out on bears camp !
Now coming to Bulls camp ,
I would be tracking 27000 call options
Magic Number is 460 -“330-280”, “180 -150”
Above 180-300 close FROM JAN 25TH TO 31ST AFTERNOON ,Bulls are in the SERIOUS party !
Will become skeptical and worrying for bulls if they trade below “180-150 “
Current Price of 27000 call options is “502”
Above 620-650 ,Bulls will come back with vengeance ! Will update later in PART 2 for MORE LEVELS !
Trade less ! Trade from Savings Money