Banknifty trading at 26870 now at 11.25 am
My view for the next 8 days
I want bulls in banknifty to take 27280 or above
That is first clue and I want that to be on closing basis
Next, I want bulls to take banknifty above 27460 to 27660
Second clue
Let, first bulls take bnf above 27280
Later will update what to do in call options front
On Downside, I want bears to take banknifty below 26840 to 26440
Close should be below this for next few days
If decisively broken this levels
Bears would be in serious game
I would track 27000 put options
As mentioned in previous article, I want bears to be above 230 to 360 in 27000 put options
Till it closes below 230, bears are controlling the markets
Current price of 27000 put options is 317
For bears to have upper hand, they need to be above 360 to 400 on closing basis for a few days
Below 230 first clue and second clue is 130
Below 130 for most part of the days
Game over for bears in February
I change opinions in markets in a blink of a eye
Disclaimer – Trade less, trade from savings money
This is my strategy, have your own startegy
That’s the only success recipe in markets
Sagar U.S
