Today RBI Policy was in line with expectation. Since 0.25% rate cut was already factored BNF did not move much.
But the 25200 CE paid the returns for our patience today.
Tomorrow could be yet another day where a minimum move in BNF and Nifty could be expected and that too the move will happen in the last one hour of trade. This will erode all premiums of OTM options.
Trend remains negative for BNF as well as Nifty. Correction is possible. Nifty likely to touch 9920 and BNF 24500.
Tips for tomorrow trade: Do not buy Call Options thinking of Jackpot.
Tips for tomorrow trade: Do not buy Call Options thinking of Jackpot.
Happy Trading!!
Sir, can you share the resistance and support levels of banknifty for tomorrow
ReplyDeleteBnf 25229 250 act as tough resistance. Support seen at 25000. If this is broken it will lead to 24740.
DeleteSir,please give me some tips
ReplyDeleteanoop050@gmail.com
I will post trend after market opening.
DeleteI will post level after mkt opening.
ReplyDeleteThere are ample opportunity in the very first hour of trade.But I saw there are vigorous manipulation in deep OTM.Yesterday in HDFCB when price was sinking values of the PUT was also sinking.Also in ONGC options too.The last 2 minutes trade made is incredible.Sir, how much deep OTM is suitable in first 5 or 6 session is reasonable for trade?
ReplyDeleteFor Options trade, note down the prices move for 30 days. note down high, low, and also any gap up high. you have to follow the foot steps of particular option if you want to win the trade. Try it!
ReplyDelete