Nifty 50
Expiry week, Players will look to trade in option to reduce risk and want to win big and players who are in loss for the series, want to bet more money on option in the next 4 days.
My daily trade plan will be to look a trade for the entire week and plan the day accordingly.
I have to be caution not to go for option, if my trade hits stop loss.
I will buy option only if it gives 10 times return. For that I have to calculate and define my entry point. If I think 7950 will be possible in this series. I will look at 7900 CE at Rs.5 only.
Don't buy any option, if this condition not satisfied.
This series open 8111 - high so far 8146. Low so far 7714 Last 3 weeks closing.
6/11/15 - 7954
13/11/15- 7762
20/11/15- 7856
CMP - 7856. It shows the expiry week range will be around 7762 - 7954.
Plan A will be wait for the high/low range to hit and to take opposite view. Charts weekly showing there is some resistance at 7937.
Bank Nifty
This series Open 17249 High 17486 low 16587 so far
Last 3 Weeks Closing : 6/11/15 - 17086
13/11/15 - 16932
20/11/15 - 17055
CMP - 17055 . It shows the expiry week range will be around 16587 - 17486.
Plan A will be wait for the high/low range to hit and to take opposite view. Charts weekly showing there is some resistance at 17450.
Happy Trading Zen Way...
Expiry week, Players will look to trade in option to reduce risk and want to win big and players who are in loss for the series, want to bet more money on option in the next 4 days.
My daily trade plan will be to look a trade for the entire week and plan the day accordingly.
I have to be caution not to go for option, if my trade hits stop loss.
I will buy option only if it gives 10 times return. For that I have to calculate and define my entry point. If I think 7950 will be possible in this series. I will look at 7900 CE at Rs.5 only.
Don't buy any option, if this condition not satisfied.
This series open 8111 - high so far 8146. Low so far 7714 Last 3 weeks closing.
6/11/15 - 7954
13/11/15- 7762
20/11/15- 7856
CMP - 7856. It shows the expiry week range will be around 7762 - 7954.
Plan A will be wait for the high/low range to hit and to take opposite view. Charts weekly showing there is some resistance at 7937.
Bank Nifty
This series Open 17249 High 17486 low 16587 so far
Last 3 Weeks Closing : 6/11/15 - 17086
13/11/15 - 16932
20/11/15 - 17055
CMP - 17055 . It shows the expiry week range will be around 16587 - 17486.
Plan A will be wait for the high/low range to hit and to take opposite view. Charts weekly showing there is some resistance at 17450.
Happy Trading Zen Way...
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