Banknifty intraday trading:
Banknifty is closed above 38000 levels with a green day candle. It means the Banknifty is ready for the target of 38500 and 39000 in this week.
1. Buy ATM/ITM Call when banknifty moves and crosses the thin blue line, if Banknifty opens flat.
2. Buy ATM/ITM Put when banknifty moves and crosses 37950, if Banknifty opens flat.
3. If Banknifty open gap-up then wait for 15-30 minutes and when the range break either side then buy Call/Put.
Trader's Perception in Futures and Options
All Futures and options trading strategies
LONG POSITION
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SHORT POSITION
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You make money when price goes up.
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You make money when price goes down.
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You buy an instrument at lower price, which you predict to go up. Then you sell at higher price, if you made expected profit.
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You borrow an instrument from broker and sell it, which you predict to go down. Then buy the same instrument to clear/level the account with the broker.
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Buy Futures of the Index, Buy Call (CE) options of the Index, Sell Put (PE) options of the Index
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Sell Futures of the Index, Sell Call (CE) options of the Index, Buy Put (PE) options of the Index
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Buy a stock, Buy Futures of the stock, Buy Call (CE) of the stock, or Sell Put (PE) of the stock
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Sell a stock, Sell Futures of the stock, Sell Call (CE) of the stock, or Buy Put (PE) of the stock
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You Buy the Futures, Buy Call (CE) options, and Sell PUT(PE) when price goes upwards in fast manner.
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You Sell the Futures, Sell Call (CE) options, and Buy PUT(PE) when price goes downwards in fast manner.
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When price do not change much, then Sell OTM Call (CE) in Options segment
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When price do not change much, then Sell OTM Put (PE) in Options segment
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Banknifty intraday view:
1. Bullish only above 37300 but slow movement is expected for upside. Buy only ITM options for CE/upside.
2. Bearish only below 36900 and expecting a fast movement till 36550 levels. Buy ATM/ITM options for PE/downside.
3. Trap zone between 36900-37300, recommended not to trade in this zone.
1. Nifty Bank is only Bullish for one sided direction is above 37700 (Thick Blue line). You can buy ATM/ITM CE to grab fast 100-200 or more points.
2. Nifty Bank is only Bearish for one sided direction is below 36800 (Thick Red line). You can buy ATM/ITM PE to catch 200-300 or more points.
3. My view is that market will be volatile with ups and downs between the range of 37000-37500, let the market cross this range and then look for the opportunity to trade.
After a bullish trend in Banknifty, it seems Banknifty is bearish and oversold level. 36800-36900 is a strong support level and Banknifty may turn upwards from the mentioned level. Be attentive with the FOMC meeting conclusion and Japanese financial news and Chinese Reality sector news. Our market will react to these three news. If Banknifty breaks 36800 then next support is 36500 levels and 36000 psychological levels. Let see what will happen in the market, tomorrow. I recommend to avoid trade but if you want then do it in small quantity as scalping trade.
