UNITED STATES OF BANKNIFTY

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Sigh! We already had the levels. Banknifty was always going to be weak below 31500 ... it was just a matter of time. No big surprise ...

We will again meet tomorrow ... thanks ... bye for now

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[Top_Massage]

We are now standing at a very crucial level i.e. 31000 (+ / - 50 points)

Staying above it for long enough, we go up ...

Staying below it for long enough, we go down ...

Choose carefully ... and only after confirming whatever is happening ... best of luck ...

Disclaimer: This forum is meant for educational purposes only.

 

[Top_Massage]

Made some use of this small dip below 31000 level ... but then again, didn't get much reward due to gradually melting premiums ...

Disclaimer: This forum is meant for educational purposes only.

 

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Again made use of 31000 level ... this time on the upper side ... we already had the levels with us ... That's the advantage of having knowledge regarding crucial make or break levels ... enjoy

Disclaimer: This forum is meant for educational purposes only.

 

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Fantastic, I am doing these small trades (both directions) after quite a few days ...

Kept 31500 as Stop Loss and took PUTS .... Exciting trading both ways .... good start to the week ...

Disclaimer: This forum is meant for educational purposes only.

 

[nil.nik.9777]

Fantastic, I am doing these small trades (both directions) after quite a few days ...

Kept 31500 as Stop Loss and took PUTS .... Exciting trading both ways .... good start to the week ...

Disclaimer: This forum is meant for educational purposes only.

Good bhai. Lage rahao

 

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It seems as if it's all about just two broad levels as of now:-

-- 31000 (+ / - 50 points)
-- 31500 (+ / - 50 points)

Banknifty is sort of oscillating between these two levels .... It may just be a plan for big institutional option writers to keep Banknifty in a bit of consolidating mode and hence, they may begin with their usual premium erosion activity ....

It is now to be seen what it takes and most importantly how long it takes for either bulls or bears to break the shackles and get out of this broader consolidating range. Will it be today's second half or tomorrow's second half? Keep watching

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Same status ... no change in above situation ... we are back within 31k and 31.5k and obviously, weekly option premiums melting gradually

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Well ... it's still the same ... no change in above status

Disclaimer: This forum is meant for educational purposes only.

 

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Sorry but still no change in above status ... we are officially stuck between 31000 and 31500 .... need to break the shackles ... otherwise, no useful trade ....

Disclaimer: This forum is meant for educational purposes only.