Bank Nifty has closed at 29687 on Monday 22nd April 2019
I would be tracking 30000 call options monthly
Magic Number is 130 ,260,340,480
Below 80 danger signal up to 40 and 25
Below 25 by 2.40 pm to 3.02 pm on Thursday
Game over for 30000 call options bulls
Close below 80 on Tuesday and Wednesday will make bulls nervous and eventually they are out
But markets are expect the unexpected
If they are below 25 for 2 hours to 3 hours ,it’s confirmation that they are out of the contest
But any favourable news on afternoon of Expiry day – strategies change keep in mind |
Coming to Put Options
29500 Monthly
Magic Number is 170 ,240-270,330-370-410
Below 100 danger signal,below 40 game over for 29500 put options
Close below 170 on Tuesday and Wednesday gives a clue, bears are not yet ready
But they are very much in the game !
Be Careful on Expiry week
This options trading is only for professionals ,who are in markets for more than few years
First ,make profits in equities for few years consistently, then enter options markets
Let’s see what markets does
I change my opinion in a blink of an eye
Disclaimer-Its not a recommendation
Trade less
Trade from Saving money
Sagar U.S
Stocktale
