About mePivotal traders is a community of traders lead to determine sustainable profit path for trading in derivative instrument in the Indian Market. Analysis in the channel are intended for Educational Purpose.
Expiry Plan for Tomm
Too much levels to show, thus I removed the 2 other possibility of how market can open. Putting the most likely event of GAP UP opening tomm, i see that the trend can be upside with quick fall back within the #blackline range for #banknifty
OI data is avoidd
Banknifty has formed a wedge on 240H timeframe which gives a sense that the index might get re stuck before uplifting to a greater HIGH. However Expiry is to be well planned so that our actions be clear when we trade . Heres above the Three Possibilities and possible travel path for #BANKNIFTY
A second day continuation of a bear trend following a consolidation phase can be just a move to fill the gaps, however Expiry days are different generally, It is a tug of war with ruthless search for premium decay be it any greeks .
We make the above three possibilities based on type of opening.