if the current 15 min candle closes above 29746-6 then you can short all puts below 29700 .
If Nifty takes support at 13064.2 and gives 15 min closing above it go for buy for target of 13250 (positional). It's up to you how well you use the setup. Buy options sell them or trade- with the futures.
Watch for 29686.60 level, only if 15 min closes below this then a good 200-250 point fall will come.
Buy 29600 CE 3 dec @ 394-405 only one lot if scared . BTST.
There is no proper trade in bank nifty accept scalping for a couple of days now. I will short only when 15 min candle closes below the 29529 spot. For a long trade, I feel let this expiry get over then the only big move is possible.
Positional short bnf if 15 min candle close below 28910.6 for the target of 250 to 500 points down move. Safe people book at 250 points.
If it takes support at 1106 today go for buy for the target of 1116 then 1122, Takes support means if 3 or 5 Min candle close above 1106 after touching the price of 1106. Book half at 1116 and rest trail.
28829 if below this 15 min candle closes then only big 350-400 points down move will come. There are many patterns in smaller time frames for scalping trade a compressed tringle is formed , see yourself because I cant share below 15 min in trading view. Large wigs indicate price rejection at various levels indicating volatile moves.
SHort the market only when a 15 min candle closes below the 29373 spot for 250-300 points. Otherwise looks like a premium eating day. if u want to play safe sell options above and below the shown levels. Also, keep an eye on the resistance trendline.
If it takes support at 1670 today go for buy for the target of 1682, Takes support means if 3 or 5 Min candle close above 1670 after touching the price of 1670. Book half at 1682 and rest trail.
29143 is resistance on daily candles. Purple lines are daily resistances. Bank nifty can go up to 29252 if sustains above this level today. Short the market only when the trendline breaks and do that for 30-50 percent retracement in 1 min chart. If you are shorting do scalping because the market will bounce back. Wait for a couple of days and if the scenario...
If 15 min candle close above Nifty spot 12735 then only 150 to 200 upside momentum is possible otherwise it will be another sideways volatile day hitting stop losses. In that case, you can buy ATM calls not in full quantity and may average if comes down for retracement. Better to buy future and best to short Put. Or you can make a synthetic future by shorting put...
Today is a great day to eat premiums. The index is in range with no trigger on the buying option till now. Below 28285 if 15 min candle closes then go for short for 300-500 points. 28640 will act as resistance in the 1 hr chart. Writers will make money today plus there is news about the package hence volatility will kick out retail trader first then may move in...
Long for the target of 29063 spot, Use only half quantity. This is for big move SL will be 50% of the premium paid. if bought call option. Don't buy OTM call. Buy only AtM or 1 strike price away OTM. You can also buy the future. The best is to sell puts.
You can see today's rally in bank nifty . Generally what happens if there is a big rally then after achieving the top the index will retrace 20-30 to a maximum of 50 percent. Hence whenever you see green candles at 30 or 50 % levels of fibo retracement you can still go long in direction of the rally. This is the move where many retailers get trapped after selling...
Positional long on Banknifty, as above 26338 (spot) it is bullish. Go long with 1/2 quantity only as per your capacity for the target of 26688 (spot). I will prefer going long with the future because options are not moving much and the coming 2 days holiday will decay them. You can also sell all puts below 26000 too. You can close the position if achieved during intraday.