Expiry day special||Hero & Zero Trade in bank nifty.
Updated
Banknifty has taken support of D200 EMA on 30 minutes. Price and action indicating a price reversal from here.
If i talk about other indicator like:-
1. MACD:- it has already given a positive crossover.
2. RSI:- it is now trading in between 50-55, which is a bullish indication.
3. VWAP:- it is also below the current price, means vwap also giving positive sign for today.
I think today it can be some disaster for call writer bcz highest open interest showing at 44200 levels followed by 44500. According to price action today market should close above 44400 levels. so first resistance level will be for bank nifty 44200 and if that level got sustain in above before 3pm then i am 100% sure our expiry can be towards 44400-44500 levels. Well now banknifty is trading at 44065 this is the best entry point to go long with given levels on chart. So according to me,, highest chances are for upside only according to the data.
I have some trade:-
1st trade for option writer:-
sale banknifty 1st june 44300 pe right now at 251
keep stop loss for this 375
Target 150/120/75/25/1
and hedge with
buy banknifty 1st june 44000 pe at 55 now.
If banknifty will close above 44300 or near by this level we will get profits. in this case 44300 pe will be 0 or near by 0.
For option buyer:-
For option buyer i will suggest to trade in next week expiry as time decay will eat premium.
so buy 8th june banknifty 44200 ce at 282,
keep stop loss at 150
target can be for upside 375/425/500/600+
If still anyone wants to play hero zero can take
1st june 44200 call option right now trading at 51, if anyone wants to take risk can take here, and accumulate some lots at downlevels around 20-30 if you got.
there will not be stop loss as that is purely hero zero trade.
for the target we can see for this call option 100/175/250/350+
Disclaimer:- This 1st june banknifty 44200 ce (hero and zero trade) will become zero if banknifty will not trade above 44200 till 3:15pm, so trade carefully and trade in less qty. Always follow strict stop loss. Always discuss with your financial advisor or do your own research before taking any trade.
If anyone likes my work please like, and follow jarur karna. Ap log dekh ke chale jate ho bina like kie,,do like and follow and comment if you have any suggestion for this trade.
Thankyou:))
If i talk about other indicator like:-
1. MACD:- it has already given a positive crossover.
2. RSI:- it is now trading in between 50-55, which is a bullish indication.
3. VWAP:- it is also below the current price, means vwap also giving positive sign for today.
I think today it can be some disaster for call writer bcz highest open interest showing at 44200 levels followed by 44500. According to price action today market should close above 44400 levels. so first resistance level will be for bank nifty 44200 and if that level got sustain in above before 3pm then i am 100% sure our expiry can be towards 44400-44500 levels. Well now banknifty is trading at 44065 this is the best entry point to go long with given levels on chart. So according to me,, highest chances are for upside only according to the data.
I have some trade:-
1st trade for option writer:-
sale banknifty 1st june 44300 pe right now at 251
keep stop loss for this 375
Target 150/120/75/25/1
and hedge with
buy banknifty 1st june 44000 pe at 55 now.
If banknifty will close above 44300 or near by this level we will get profits. in this case 44300 pe will be 0 or near by 0.
For option buyer:-
For option buyer i will suggest to trade in next week expiry as time decay will eat premium.
so buy 8th june banknifty 44200 ce at 282,
keep stop loss at 150
target can be for upside 375/425/500/600+
If still anyone wants to play hero zero can take
1st june 44200 call option right now trading at 51, if anyone wants to take risk can take here, and accumulate some lots at downlevels around 20-30 if you got.
there will not be stop loss as that is purely hero zero trade.
for the target we can see for this call option 100/175/250/350+
Disclaimer:- This 1st june banknifty 44200 ce (hero and zero trade) will become zero if banknifty will not trade above 44200 till 3:15pm, so trade carefully and trade in less qty. Always follow strict stop loss. Always discuss with your financial advisor or do your own research before taking any trade.
If anyone likes my work please like, and follow jarur karna. Ap log dekh ke chale jate ho bina like kie,,do like and follow and comment if you have any suggestion for this trade.
Thankyou:))
Note
Awesome trade,,our option writing trade reached first target, made low of 150,,,guy's party is just startedNote
profits book krte rahna slowly slowlyTrade closed: stop reached
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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