General Trading Chat

Raj232

Well-Known Member
#Nifty 10300PE has huge open positions, mainly the short ones. Marginal unwinding has occurred since the last one hour of trade. Selling pressure can escalate if big unwinding comes.
That means possibility of going lower. :yuck:
25600 PE is giving good returns :) Today not likely to move up as only some really big hands can push it up :)

just my opinion.. looks like Bulls have disappeared today .. BUY BankNifty 25600 PE ..?
 
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headstrong007

----- Full-Time ----- Day-Trader
Day by day more and more traders shift to options..
Our market started behaving like beta stocks. Good for traders but investors may be panicked soon.
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Bank Nifty weekly options expiry now have enough power to move the whole market. ;) Weekly option is making the market Wild Beasts.
Most of the traders probably enjoyed the one-way jackpot move.
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There was only one big bad news fiscal deficit widens to 5.25 lakh crore. But BNF falls mostly technical from options chain. There was a big hollow space below 25500 support and 25500 PE writers panicked in last hour.
All credit goes to weekly options...:D
 

headstrong007

----- Full-Time ----- Day-Trader
Just two day before expiry when Bank Nifty around 25900-26000 and Nifty above 10400 many option writers thought 10300PE and 25500PE are the safe bet to make some money.

But there is no easy money in the market!
Option writers panicked in last hour and market fall faster & bigger... gave some traders jackpot opportunity.

It's better to be prepared for such opportunities during the expairy drama.
 

headstrong007

----- Full-Time ----- Day-Trader

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