Wednesday 21 February 2018

Expiry Day trade

Do not expect big gap up opening on expiry day!
Both NF and BNF likely open flat to mild negative.
Only when bnf crosses 25 k buy 25100 CE. Or else focus on 24800 PE if bnf does not cross 24930, being yesterday close. Try buying CE or PE@ ₹2-3. Max 3 lots.
Range breakout for bnf is 24937-25000.
On nifty, attempt 10350 PE around ₹5.00 & 10400CE around ₹ 7.00
Maximum 2 Lots.
Chances of downside are brighter.
No short covering, no big jumps are possible.
Happy trading! !
  

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