SELL BANK NIFTY @ 37500 SL 37800 TRG 37150, 37000, 368500......
Today after gap up opening in banknifty it facing resistance at 37500 level. If it's gives breakout of this level and starts trading above 37550 then expected strong upside movement of 400-500+ points in banknifty . Downside possible if banknifty starts trading below 36950 level in today's session.
Momentum
Sell on rises to CEMA/LEMA
Based on OI: 37000.00 ~ 37500.00 range likely to hold
Highest Calls at strike price 37500.00 to act as resistance
Highest Puts at strike price 37000.00 to act as support
Bearish OI. Sell OTM Calls. Preferably 37600 or higher strikes.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Momentum
Sell on rises to CEMA/LEMA
Based on OI: 37000.00 ~ 37500.00 range likely to hold
Highest Calls at strike price 37500.00 to act as resistance
Highest Puts at strike price 37000.00 to act as support
Bearish OI. Sell OTM Calls. Preferably 37600 or higher strikes.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Comment:
START BOOKING PARTIAL PROFIT AND STOPLOSS AT COST
Comment:
second trg reached
Comment:
Trail sl 37300
Trade closed: target reached