There was positional trade in NIFTY yesterday during market closing at 11927-11930 for a target of 12125. Today 12125-12135 will act as huge resistance. Currently, the market is in range and there is the expiry. The market was trendy for the majority of the time this week hence buying options today does not make sense as there will be sideways volatility. One can...
Positional Long in nifty future for the target for 11925 or buy Atm call 11800 5 nov CE better to sell 11600 or 11500 PE 5 Nov. If achieved in intraday can close the position. Nifty is sustaining above 11800 in 15 min candle closing. SL 50 % of the premium paid or received in the future you can set SL as per your appetite of losing.
Until and unless Bank Nifty 15 min candle does not close below 25435 in spot do not short the market. If this happens ready for at least an easy 250-300 points fall. Currently Short and long the market with futures not options.
24377 above this level bank nifty has closed 15 min candle ready for 400-500 points upside move, although missed the train. I was sleeping. Long with future not option because premiums are trading very high and any move against you will erode premiums very fast.
If Banknifty spot 15-minute candle closes below 23670 then expect 500 points fall. Can buy 23400 pe. Hold it till 400-500 point fall. Sl 50 % of the premium paid this setup works 3/5 times hence even if you hit Sl 2 times Achieving target once will make you profitable.
Bank nifty buy above 24231 if 15 min candle closes above it today. for 200-300 upside momentum. Can buy one strike price away ie 24300 CE 5 Nov ATM call.
Banknifty will be Bullish only if 15 min candle closes above 24338. As today is expiry this scenario to happen is limited. Hence there will be volatility. Buy any option only if you are a pro in support/ resistance and price action.
24382 belove this 15 min candle has closed downside minimum 400 points expected, Can buy 24300 PE @ 288
BankNifty will be Bullish above 24358. Bearish below 23891. If the 15-minute candle closes above or below the given levels. Trade positionally for 500 points in the spot. If achieved during intraday then can close the trade. SL is 50% of the premium paid in option buy. This view is valid only for 27/10/2020.