OK folks .... All eyes on RBI event today. It should trigger movement in Banknifty for at least two to three sessions. This big movement may be one sided or big zig zag. But try to just take intraday trades only. Carrying forward anything is not wise these days.
Choose wisely ... Be VERY VERY careful while buying Banknifty options. Repeating again .... Don't just take a trade forcefully. Wait till the very end. Confirm the trend first, then enter into trade.
For example .... For today, don't just buy anything at exact 11:45 AM (RBI policy outcome moment) .... Because option premiums will melt down drastically within first few zig zag moves post announcement. Just wait till the time you feel that premiums have become cheaper. I may just wait till 12:30 PM or even 1:30 PM or may be 2:30 PM today .... (depending on situation)
Remember guys ... It's definitely NOT important to catch every small movement in NIFTY or Banknifty. Being patient and double confirming the trend is the key. Good luck to all .... Choose wisely .... Best of luck guys ....
Disclaimer: This forum is meant for educational purpose ONLY.
Choose wisely ... Be VERY VERY careful while buying Banknifty options. Repeating again .... Don't just take a trade forcefully. Wait till the very end. Confirm the trend first, then enter into trade.
For example .... For today, don't just buy anything at exact 11:45 AM (RBI policy outcome moment) .... Because option premiums will melt down drastically within first few zig zag moves post announcement. Just wait till the time you feel that premiums have become cheaper. I may just wait till 12:30 PM or even 1:30 PM or may be 2:30 PM today .... (depending on situation)
Remember guys ... It's definitely NOT important to catch every small movement in NIFTY or Banknifty. Being patient and double confirming the trend is the key. Good luck to all .... Choose wisely .... Best of luck guys ....
Disclaimer: This forum is meant for educational purpose ONLY.
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