Month Expiry falls on this day. Indexes have been moving below support levels. This is a repeat of what happened during last expiry. The only difference was that even though the correction was deep during last month index was above support level and a good bounce back was seen in May 2017. In June we are very close to last support level which is like cat on wall situation.
Could there be a repeat of big jump like what happened in May this month?
If BNF is able to trade above 23350 then up move is quite possible. It may take to higher level up to 23700/850.
IF BNF trade below 23200 then there are possibilities of BNF going below 23000/22865/22650.
TRADING STRATEGY- PURE GAMBLE.
Buy 23000 PE around 0.25 - 4000 qty. Inv 1000. TARGET 150.00 - 600 TIMES
Buy 23500 CE around 0.25 - 4000 Qty Inv 1000. TARGET 200.00 - 800 TIMES
Best of Luck!!
Could there be a repeat of big jump like what happened in May this month?
If BNF is able to trade above 23350 then up move is quite possible. It may take to higher level up to 23700/850.
IF BNF trade below 23200 then there are possibilities of BNF going below 23000/22865/22650.
TRADING STRATEGY- PURE GAMBLE.
Buy 23000 PE around 0.25 - 4000 qty. Inv 1000. TARGET 150.00 - 600 TIMES
Buy 23500 CE around 0.25 - 4000 Qty Inv 1000. TARGET 200.00 - 800 TIMES
Best of Luck!!
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