Banknifty Trade Setup for 25.08.22 with intraday levels
Banknifty has confirmed its strength by managing a close above 39000 despite weak global cues. The doors of 42000 has been opened and you can sit with a long position with SL at 38400 positionally. Intraday is a different game and expect some volatility to persist for next one or two weeks.
If we suddenly slip below 39000 and banknifty spends some time there, then only you can expect shorts to enter the system.
Conviction bullish
Bias bullish
Trade Setup
Long above 39000 (hold your longs if you are in a trade) Target 39500-39800
Short below 38855 Target 38500 and below... Technically you can sit n a short once banknifty starts trading below 39000
>>Option buying<< (take next week options)
Long Position: Buy 39500CE
Short position: Buy 38500 PE
>>Option Selling <<
Sell 39000 PE with 30 point SL (if you have sold this strike before keep trailing the SL)
Aggressive traders can sell next week 39500 PE
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
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*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
I am not responsible for any financial losses
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All rights are reserved
If we suddenly slip below 39000 and banknifty spends some time there, then only you can expect shorts to enter the system.
Conviction bullish
Bias bullish
Trade Setup
Long above 39000 (hold your longs if you are in a trade) Target 39500-39800
Short below 38855 Target 38500 and below... Technically you can sit n a short once banknifty starts trading below 39000
>>Option buying<< (take next week options)
Long Position: Buy 39500CE
Short position: Buy 38500 PE
>>Option Selling <<
Sell 39000 PE with 30 point SL (if you have sold this strike before keep trailing the SL)
Aggressive traders can sell next week 39500 PE
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
I am not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
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