Today Nifty future surged 130 points in the initial hours of trade but it could not sustain the gain and ended below 10300.
Bank Nifty moved roughly 900 points up from 24230 to 25111 and closed below 25000.
Those trading on expiry day should watch for Nifty Options should buy 10350 CEs only if Nifty Future trade above 10300. Below 10300 means 10250 PEs can be bought. Your exit point for booking profit in CE is 10340 and 10241 in PE.
Nifty trade band on expiry day is 10220-10350
On Bank Nifty, one can buy 25200 CEs only if BNF trade above 25100. If it breaches and trades below 24950, then aim for 24800 PE. Exit from CE when you find 25260. For PEs exit level is 24840.
Happy Trading!!
Good morning Sir.Thank you again for your post.I am having 10250PE @ 13.60
ReplyDeleteSir, I booked ₹2/- loss from my PE holding.Its better to sq.off because time also eating the value.
ReplyDelete