UNITED STATES OF BANKNIFTY

Top_Massage

Well-Known Member
Quick trade done ... but I had to exit as 28000 is the main decider (make or break) .... will confirm the trend and enter again if possible

Disclaimer: This forum is meant for educational purposes only.
 
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Simple.Trader

Well-Known Member
Hello Top Message,

Nice analysis of Banknifty. Ye toh mere kaam ka thread hai. pata nahin kaise abhi tak nahin dekha. I also trade only in Banknifty. Use to visit only General Trading Thread.

Keep it up your analysis. Thanks for sharing valuable Messages also

Regards
 

Top_Massage

Well-Known Member
Moving forward ... we are now standing at a crucial level in Banknifty i.e. 27500 (+ / - 50 points)

Disclaimer: This forum is meant for educational purposes only.
 

Top_Massage

Well-Known Member
Expecting a profitable post from you
Haha, I wish I could take a trade my friend but I kept on waiting for weekly option premiums to come down (which are currently at abnormal level). I thought real downmove would come post 2:30 PM (after meltdown in premiums) but I was wrong. My bad ....

Disclaimer: This forum is meant for educational purposes only.
 

Top_Massage

Well-Known Member
A downmove still seems due
Well, as of now, all supports are looking shaky. Moreover, INR is very close to 72. Next support lies in 27000 to 27150 range ..... The only problem for option traders is abnormally high option premiums ....

Disclaimer: This forum is meant for educational purposes only.
 

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