Thursday, 31 August 2017

EXPIRY DAY - NIFTY & BANK NIFTY TECHNICALS

Nifty 50
  • NIFTY 9884 - 9900 CE - 20 & 9900 PE - 35.
  • Gap down open below 9865 and Gap up open above 9920 will give comfort for me to buy PUT in case of gap down, Call in case of gap up.  
  • If flat opens happen - my range is 9830 - 9925.  I will buy 9900 call when nifty trade at 9830 and will buy put when its trade near 9925.
Banknifty
  • Banknifty 24308 - 24300 CE- 81 & 24300 PE - 65
  • Gap down below 24235 - Buy 24300 Put.
  • Gap Up above - 24390 Buy 24300 call.
  • if Flat opens,  expected range - 24160- 24440 levels
Good Luck..

Yours
Zen Trader.

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