UNITED STATES OF BANKNIFTY
- Thread starter Top_Massage
- Start date
Alright folks ... Banknifty did travel till 28670 after surpassing 28500 but since intraday premium erosion is going on, hence, this move was almost irrelevant to most of us.
Now, 28650 is the level to watch ..... Either we can see 28750 or more .... or else back to 28500 .... Choose wisely .... Good luck ....
Disclaimer: This forum is meant for educational purposes ONLY.
Now, 28650 is the level to watch ..... Either we can see 28750 or more .... or else back to 28500 .... Choose wisely .... Good luck ....
Disclaimer: This forum is meant for educational purposes ONLY.
Hi .... To be frank, I caught upward movement only on 5th, 6th, 12th & 13th March. Made good money on these four dates. But since then, I decided to sit out and to be honest, I am just sitting on cash since quite a few days. Premiums for this weekly expiry options are abnormally high. Plus, it's a shorter week since Thursday is a holiday. It also means that premium erosion would be ruthless today and tomorrow.
Since last Thursday, I have been sitting as a mere spectator in front of screen. I am not really sure where this rally will end or if there's any trend reversal in sight.
But for Banknifty option traders, Banknifty needs to surpass yesterday's higher end hurdle of 29812 approx in order to see 29950 or 30000. Otherwise, Banknifty may consolidate till then before slipping badly or may be starting a new upward journey. Thanks ......
Disclaimer: This forum is meant for educational purposes only.
Since last Thursday, I have been sitting as a mere spectator in front of screen. I am not really sure where this rally will end or if there's any trend reversal in sight.
But for Banknifty option traders, Banknifty needs to surpass yesterday's higher end hurdle of 29812 approx in order to see 29950 or 30000. Otherwise, Banknifty may consolidate till then before slipping badly or may be starting a new upward journey. Thanks ......
Disclaimer: This forum is meant for educational purposes only.
OK guys .... It's been a 'NO TRADE' week for me. It has happened after many days .... I suppose last time it happened was a week before 'Five States election' results day (I guess it was December 2018) .....
Anyway, 'Happy Holi' in advance ..... Enjoy the festivities with your family .... We will meet on Friday .... bye
Disclaimer: This forum is meant for educational purposes only.
Anyway, 'Happy Holi' in advance ..... Enjoy the festivities with your family .... We will meet on Friday .... bye
Disclaimer: This forum is meant for educational purposes only.
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