UNITED STATES OF BANKNIFTY

Top_Massage

Well-Known Member
For today, 27000 spot level holds the key ... Currently, we are at 27000 .... It's make or break level ... Above it, we go up ... Below it, we slip ....

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Top_Massage

Well-Known Member
OK guys .... The Banknifty index kept on wondering between a tiny range of 26950 to 27050 in today's session. Option premiums were already very high. Therefore, they kept on melting and adjusting themselves.

Hence, no big opportunity in weekly expiry options. I tried only once during early morning when PUTS of Banknifty weekly expiry lost a significant amount of premium value within first 40 minutes of the session.

Took 27100 as stop-loss and the targets were 26900 and below. But no big movement at all. And no big profit due to massive premium erosion.

But it's OK .... We will meet again on Tuesday (since Monday is a trading holiday). Enjoy weekend. Take care .... bye guys ....


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Top_Massage

Well-Known Member
OK guys ...... For today, tiny range of 27100 to 27150 holds the key. Staying above this tiny range, we go up ..... Staying below this tiny range, we go down ...

Choose wisely .... Confirm the intention of market before entering ..... Hope you make good money .... Good luck ....

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Top_Massage

Well-Known Member
Absolutely sensational stuff ...... Great rally today .... I kept on waiting whole day .... Waited beyond 2:30 PM ... Finally, I traded once after 2:45 PM .... In the end it was worth the wait ....

But I have taken big risk today .... I did not sell and decided to carry forward .... Let's see if Banknifty calls can surge tomorrow as well ....

Alright folks .... see you tomorrow ... enjoy profits ...


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Top_Massage

Well-Known Member
Absolutely sensational stuff ...... Great rally today .... I kept on waiting whole day .... Waited beyond 2:30 PM ... Finally, I traded once after 2:45 PM .... In the end it was worth the wait ....

But I have taken big risk today .... I did not sell and decided to carry forward .... Let's see if Banknifty calls can surge tomorrow as well ....

Alright folks .... see you tomorrow ... enjoy profits ...


Disclaimer: This forum is meant for educational purposes ONLY.
Finally, sold at 121 approx .... Good start .....


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Top_Massage

Well-Known Member
Alright folks .... Spot level 27500 holds the key for today .... Staying above it, we go up .... Staying below it, we go down .....

All the best .... Choose wisely ......

Disclaimer: This forum is meant for educational purposes ONLY.
 

Top_Massage

Well-Known Member
Well ... I kept on waiting for my usual 2:30 PM trade but surprisingly, second half did not give us any big opportunity today.

No issues ..... We got a big successful trade yesterday. We will meet again tomorrow. Will try to find another big opportunity. Thanks guys ..... bye ...

Disclaimer: This forum is meant for educational purposes ONLY.
 

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