Nifty and BNF has moved in such a way as if it was an expiry day. Bank nifty shedding 600 points during intra day and nifty more than 150 points makes us think like that.
Put holders really have a sky walk and there seems to be no urge or fear in booking profits. That is market which sometimes rewards heavily for those who think the other way.
Today being expiry day, we will watch the following levels:
Nifty Future : If it breaches 9700 during the day then go for 9600 PE at Mkt rate as there are chances of nifty future touching 9575 today itself.
If NF crosses 9766, then there are chances of NF touching 9800. Go for 9800 CE.
on BNF, only if it crosses 24000, then we can see 24200/24400 on the higher side. On a safer side place order for 24100 CE at 0.50 - 10 Lots. RS 200.00
If yesterday low of 23765 is breached then there are chances of visiting 23500 is high. So place an order for 23500 PE at 0.50. - 10 lots Rs 200.00
Since DOW has closed positive, there are no negative cues in the market to open low. So our market may not show much big move on either side till the last one hour of trade today.
Happy Trading!
Put holders really have a sky walk and there seems to be no urge or fear in booking profits. That is market which sometimes rewards heavily for those who think the other way.
Today being expiry day, we will watch the following levels:
Nifty Future : If it breaches 9700 during the day then go for 9600 PE at Mkt rate as there are chances of nifty future touching 9575 today itself.
If NF crosses 9766, then there are chances of NF touching 9800. Go for 9800 CE.
on BNF, only if it crosses 24000, then we can see 24200/24400 on the higher side. On a safer side place order for 24100 CE at 0.50 - 10 Lots. RS 200.00
If yesterday low of 23765 is breached then there are chances of visiting 23500 is high. So place an order for 23500 PE at 0.50. - 10 lots Rs 200.00
Since DOW has closed positive, there are no negative cues in the market to open low. So our market may not show much big move on either side till the last one hour of trade today.
Happy Trading!
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