Support and Resistance for BN Weekly Expiry 19th September
ATM Price as of today on 12th September is 27990, hence ATM call is 27800.
Premium of ATM call and Put are 255 and 273 respectively.
Hence, supports and resistances are calculated based on premiums addition and subtraction.
BN most likely to stay in above range.
Follow the above idea along with prices till next expiry.
Premium of ATM call and Put are 255 and 273 respectively.
Hence, supports and resistances are calculated based on premiums addition and subtraction.
BN most likely to stay in above range.
Follow the above idea along with prices till next expiry.
Comment:
Loss in 27200 PE, now trading at 200. Exit.
Possible sell in 28100 CE and 28000CE. Total premium 33.
Possible sell in 28100 CE and 28000CE. Total premium 33.
Comment:
28100 CE and 28000 CE now trading at 7 and 10.90 respectively. 16 points profit.
Price near Support 1 now, if breaks with momentum, more pain to be seen.
Price near Support 1 now, if breaks with momentum, more pain to be seen.
Comment:
Price near support 2 now. Took a bounce from S2.
CMP - 66.60 and 42.35 respectively for targets below 10. Adjustments will have to be made if index nears Support and Resistance before expiry.
Total premium collected :- 108.95. Please keep position size limited.