BankNifty

[Nish]

BN cp=36570

As mentioned in last post BN corrected and slide-down !

BN 09Sep2021 36400PE from a low 98 to 162 till now !


View strictly for STUDY PURPOSE !

 

[Nish]

BN cp=36282

As expected BN achieved 36450 to 36160 approx !

Booked all BN shorts !

Enter BN LONGS !

View strictly for STUDY PURPOSE !

 

[Nish]

BN cp=36411.

Booked BN LONGS in 09Sep2021 36400CE.

Done for today !

View strictly for STUDY PURPOSE !

 

[Nish]

BN cp=36658.

Entered BN LONGS for posible 36900 to 37190 plus , with proper SL !

View strictly for STUDY PURPOSE !

 

[Nish]

BN cp=36702.

Update:

In First BN LONG position, SL was triggered in just 60m.

Again entered 09Sept2021 BN 36500CE . Booked gains around 36702 !


By the way, N 17350CEs low was 2 and last seen was around 22 !
Plain 1000/- per lot ! ... Myself NOT TRADED !

View strictly for STUDY PURPOSE !

 

[Nish]

N cp=17530.
BN cp=36930.

As said before, Today Booked full profits in my Jully - Aug Qtrly bluechip portfolio around 25% !

No long positions in N and BN ! Too much streched market ! Be cautious when everyone is Greedy !


View strictly for STUDY PURPOSE !

 

[Romeo1998]

N cp=17530.
BN cp=36930.

As said before, Today Booked full profits in my Jully - Aug Qtrly bluechip portfolio around 25% !

No long positions in N and BN ! Too much streched market ! Be cautious when everyone is Greedy !


View strictly for STUDY PURPOSE !

i was waiting for this impulsive upmove in bnf yesterday, but finally it happened today

 

[Nish]

i was waiting for this impulsive upmove in bnf yesterday, but finally it happened today

Same here ! But exited my BN longs on Tuesday itself !

Now Index rebalancing may push-up HDFCbank and push-down RIL - .. with a posible effect on corresponding indices a little bit !

 

[Nish]

N cp=17629.
BN cp=37668.

Todays BN LONG trade was the EASIEST trade of life ! Booked !

With so much positive news for banking sectors like Telecom AGR etc problems solved and Bad Bank concept near very reality ( I had already mentioned that THIS is the RIGHT TIME to impliment Bad Bank concept , a month or two ago ) , any radom long trade was bound to be profitable TODAY !

By the way, I had already given a hint about HDFCbank and corresponding index , in the morning !

BN spot has already broken 8-month high around 37809 on monthly chart, so if Bn sustains above 37820 , then posible a Bullish trend may start in BN with intermitent profit booking - if NO local or global ba news !

View strictly for STUDY PURPOSE !

 

[Nish]

BN cp=37560.

As said prvsly, intermitent profit booking happening to rag-out weak hands.

Personally would avoid shorts in indices, as there may be posibilities of one more try towards 38000 plus - with a proper SL in place !

View strictly for STUDY PURPOSE !