BankNifty

Nish

Active Member
#1
BN although in OB zone on hrly chart, But since it is staying above 10WMA 29506 , I think , still it has upside potential upto 30000 plus / minus in coming days or weeks!
.. Only consistent close below 29117 (PSar point) , it may trun BEARISH ! ...
,, ( View Only for Education Purpose ).
 

Nish

Active Member
#2
BEWARE , from today onward PEAK margin rules for intraday trades come into force - which may impact trading volumes - perticularly in FnO segment. ... For example, at EOD if a trader has a position of 1,00,000/- , then 25% or 25,000/- margin will be blocked and one may not be able to use it , ... unless brokers devise some alternative to provide the margin to his customers !
... At-least , that is what I have understood about new margin rules !
 

Nish

Active Member
#3
As expected BN surge upward towards 30000 ( ydays high was above 29900 ).
Booked all longs, as BN showing some consolidation and in in-decisive mode, so options may loss premiums in both CEs and PEs.
... Waiting for clear break-out above 30200 or break-down below 29117 plus / minus , for further trades !
 

Nish

Active Member
#6
Though BN was range-bound with negative expectation, but RBI did the magic.
BN once staying above resi of 29850, it was a nice trade in :

31Dec expiry 32500CE , from a low of 98 to high of 170
and
32000CE from low of 150 to high of 250.

Month end expiry Options below or around 100 are always preferable !

.. As said in prvs post BN staying above 30200 may be more better for longs ! But I will be CAREFUL with strict SL as mentioned on the chart !

Detaild comments on the BN chart !
 

Attachments

Nish

Active Member
#7
I may try these 2 trades at proper level thru Options with proper SL :

1) Biocon last close at 442 . May initiate long trades by buying near money CEs - probably 460 CE (Last close 13.40 , Low 9.35 ) or 470 CE (Last close 9.95, Low 7.15 ). Lotsize 2300.

Detail comments on the chart !

2) Canbk last close at 111. May initiate short trade by buying near money PEs - probably 105 PE ( Last close 3.20 , Low 2.65 ). Lotsize 5000.

View is strictly for Study Purpose !
 

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Nish

Active Member
#8
So BN temporarily successful in crossing imp resistance of 30200 !
Booked intraday profits in BN.
.. But I woluld like to keep an eye on Swing Low and rising chanel lower boundery of 29750 +/- , for any of my positional BN long positions - Better be careful than repent ! :)

Biocon 460 CE and 470 CE doing fantastic profits today ! :)
 

Nish

Active Member
#9
BN gave fantastic run from low of 30000 to high of 30750 plus and may be on its near term target of 32200 + / - , as mentioned earlier.

BN 32500CE zoomed from 135 to 200 plus ! Booked ! :)

Datailed comments for further moves given on BN chart:


Canbk Update:
As mentioned in prvs post , Waiting for proper entry level for shorts proved to be profitable !

Today Canbk 105PE open and low was same at 0.85, High was 2.00 ! .. Booked half, and carrying rest !

( By the way, 102.50PE and 100PE both with Open and Low was same and closed at double ! .. Pl Remember, lotsize is 5000 and hence great profits for all short traders today )

Now due to break-out , RIL near money CEs on watch list for 2130 plus , if stays above 2000 with proper SL !

View is strictly for Study Purpose !
 

Attachments

#10
BN gave fantastic run from low of 30000 to high of 30750 plus and may be on its near term target of 32200 + / - , as mentioned earlier.

BN 32500CE zoomed from 135 to 200 plus ! Booked !:)

Datailed comments for further moves given on BN chart:


Canbk Update:
As mentioned in prvs post , Waiting for proper entry level for shorts proved to be profitable !

Today Canbk 105PE open and low was same at 0.85, High was 2.00 ! .. Booked half, and carrying rest !

( By the way, 102.50PE and 100PE both with Open and Low was same and closed at double ! .. Pl Remember, lotsize is 5000 and hence great profits for all short traders today )

Now due to break-out , RIL near money CEs on watch list for 2130 plus , if stays above 2000 with proper SL !

View is strictly for Study Purpose !
CanBk is in ban period. How did you manage to trade derivatives in there ? :confused:
 

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