BankNifty 31st January 2019 27000 Put Options View

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

Sagar U.S