UNITED STATES OF BANKNIFTY

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OK guys ... so it's been a wonderful week ... it was really testing and in the end, we succeeded to a great extent .... this week had moments of joy and moments of great struggle ... and yes, last but not least ... it tested our patience ... but we kept our calm and it helped us a lot. We have also proved as a trader that how we can shift from one section to another section (from Banknifty FNO to Stock FNO) whenever required ...

We will again meet on Monday ... bye friends and enjoy weekend with family ... thanks ....



Disclaimer: This forum is meant for educational purposes only.

 

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Banknifty GAMEPLAN from 27th May onwards:

-- We just have to focus on two crucial levels i.e. 31000 and high of 24th May (Friday) which is 31275 approx.

-- If bulls could somehow protect 31000 for long enough, then surely they can try 31500 or even 31750 in near future. Obviously, the first immediate target would be 31275. But then again, 31275 (+ / - 50 points) may prove to be resistance too. Bulls need to surpass and stay above 31275 (+ / - 50 points) for long enough in order to expect further targets like 31500 and so on.

-- But will it really happen so smoothly? What if bears are able to pull back Banknifty index below 31000 once again?

-- On breaching and staying below 31000 (+ / - 50 points) for long enough, we may slip quickly towards 30950, 30750 and so on ....

Choose very very wisely .... confirm the trend thoroughly before entering a trade ... Be patient till the very end and the reward will be equally good. Time your trade accordingly .... good luck to all

Disclaimer: This forum is meant for educational purposes only.

 

[Top_Massage]

Alright folks ... moving forward ... Banknifty spot level 31500 (+ / - 50 points) is a crucial level .... staying above it for long enough, we go up .... staying below it, we go down ...

Good luck to all ...

Disclaimer: This forum is meant for educational purposes only.

 

[Top_Massage]

Well .. here we go ... we are now standing at a crucial point i.e. near 31500 (+ / - 50 points) ....

This is surely the deciding level for short term ... but then again, I am waiting for premiums to melt down for the day ... choose very very wisely ... confirm the trend before entering a trade ....

Disclaimer: This forum is meant for educational purposes only.

 

[Top_Massage]

It was quite a bit of a zig zag ride for both bulls and bears ... and after looking at everything twice, I think I know the reason why it happened .... The index option premiums did not melt down much during morning or first half ....

Hence, it was almost evident that much of the premiums would be melting at even better pace only during second half ... maybe for this purpose only, we witnessed such volatile and wild zig zag moves during last hour ...

But it's ok, as a trader, we should be ready for such days ... Hopefully, we will see a clean and hassle free move tomorrow ....

The plan remains same ... Bulls are still not out of the woods completely ... Bulls need to stay above 31500 (+ / - 50 points) in order to climb further .... Bears will try to attack again if 31500 spot looked weak like it did today .... We will meet tomorrow .... Bye ... thanks

Disclaimer: This forum is meant for educational purposes only.

 

[Top_Massage]

We are once again standing at a crucial level of 31500 (+ / - 50 points) ... will markets provide us meaningful direction today? Hopefully yes .....

Disclaimer: This forum is meant for educational purposes only.

 

[nil.nik.9777]

Yes due to expiry we can expect directional Move today or tomorrow.
Problem is that lots of fake move are happening to trap retailers.

 

[Top_Massage]

This trade was simple enough. Bought some puts once it was evident that Banknifty won't be able to surpass 31500 that easily this morning .... but yes, this ongoing intraday premium erosion is highly irritating and making it tough to hold any trades for long enough ...

Anyway, let's see if 31500 is protected by bears or if bulls will conquer it again.

Disclaimer: This forum is meant for educational purposes only.

 

[learntrade88]

This trade was simple enough. Bought some puts once it was evident that Banknifty won't be able to surpass 31500 that easily this morning .... but yes, this ongoing intraday premium erosion is highly irritating and making it tough to hold any trades for long enough ...

Anyway, let's see if 31500 is protected by bears or if bulls will conquer it again.

Disclaimer: This forum is meant for educational purposes only.

very good sir.

 

[Top_Massage]

very good sir.

Thanks brother ....

Disclaimer: This forum is meant for educational purposes only.