Wednesday 8 November 2017

MARKET TREND 09/11/2017

Nifty future and bank nifty have again started correcting today and the close today indicates further more correction is in the offing.

Nifty future likely to touch 10119 and  bank nifty future 23902 and one can go short in futures with a stop loss at 10390/25556.

Options trade have been advised to members on board.

We go by trend. This time bearish trend has been identified well in advance and we carry our positions.  That is the power of technical.

Happy Trading!!

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2 comments:

  1. Sir today 9th expiry 25300 bnf option ,last trade price was .10
    How it come?bnf futures trade around 25460
    Pls clarify

    ReplyDelete
  2. On expiry day CE and PE prices are based on spot. Spot was below 25300 So all Calls above 25300 became worthless But I have already mentioned in the morning all Calls above 25500 will go worthless.

    ReplyDelete

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