BankNifty

Nish

Well-Known Member
As cautioned last time, BN got resistance !

20Jan 38000PE gave upside from low of 210 to days high of 300, 100 pts per lot !

Current VWAP is at 258 and last cl price is 278, positive change in OI 140 percent.

Again the same trade in my watch-list with proper SL !


View strictly for STUDY PURPOSE !
 

Nish

Well-Known Member
BN slide from 38800 to sub-38000 lvl to fill the gap shown in last chart !

Booked BN shorts in 38500PE !

For my own trading:

May consider BN LONG position with proper SL in monthly expiry or next week to monthly !

View strictly for STUDY PURPOSE !
 

Nish

Well-Known Member
BN cp = 37570

View for my own trading:

On wkly and Daily chart , still Uptrend with a little downward Golden Ratio 38% retracement of recent upmove - which is NORMAL !

On Hrly chart trend is down.

If slips below 37180 then lower sup is around 36730.

If stays abv 37580 and crosses abv 37750 then upside resi at 38250.

Staying below 36730 CB may cause more pain !

Staying abv 38250 CB may push towards 38800 plus again !

Few LONG positions of 03Feb Exp with proper SL.

Option Trading is risky, so Pl study yourself and consult your FA, before initiating any trade!

View strictly for STUDY PURPOSE !
 

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