Nifty Futures today tested the most critical level of 9832/9812 and bounced back from the low level in no time. The technical worked perfectly. Again if 9813 is breached on a daily closing basis we will have a big fall. For positional trade one must wait for this level.
Bank Nifty also did the same. Last minute run up from bottom has saved BNF from its dangerous low level.
This expiry trade lived for a very short period in the morning and there after no much charm in options trading. 24200 was a big trap on which most of the investors would have fallen.
Nifty has support at 9832/9812 and resistance at 9875/9926.
Bank Nifty has support at 24317. resistance at 24425.
Sir, Should the premium would be less tomorrow for NF Aug 31?
ReplyDeleteIn a falling market keeping 50 points premium is a trap. Be on the put side. Buy 9800 put around 63.40 and hold wth SL 29.80 for good gain.
ReplyDeleteSir, I have 9600 @53/- What may be my sq.off polnt?
Deleteexit if you are in profit
DeleteSir have bnf 24200and 24300call for 17th expiry should hold or exit?
ReplyDeleteIf bnf closes below 24025 on a daily basis you must exit.
ReplyDeleteKeep up the great work. Thanks for sharing information about Stock Market Tips.
ReplyDelete