The expiry day could not see much fire works as the moves are muted due to lack of direction and cues, both global as well as domestic.
Nifty could not break the resistance of 9965 and bank nifty also unable to go beyond 24400. This indicates that unless nifty crosses 10,000 and BNF 24500, one cannot expect big targets till such a time.
On the lower side if 9875 is breached then it could lead to a serious fall. As far as BNF is concerned 24170 is a critical number and any breach will lead to 23850.
Next week also Puts are likely to outperform. Better to aim at 23500 PE of Sep Expiry around 75-80 for good gains.
Happy Trading!
Sir nifty put wat is better..?
ReplyDeleteSir.... I am doing nifty only. So pls say wat is the better put for trade...?
ReplyDeleteNifty options are not in trading range. Premium is not moving
ReplyDelete23500'put moved up to 96. Buying at 75 and sell at 95 would have given 25% profit. What more you require than this type of safe trade?
ReplyDeleteYes sir u r correct . Yesterday I made profit from your guide.... Thank u sir...
ReplyDeleteYes sir u r correct . Yesterday I made profit from your guide.... Thank u sir...
ReplyDelete