Banknifty Trade Setup for 13.06.22 with Intra Day levels
Extreme bearish trend given global cues and weak rupee. Trend likely to continue if Friday low is broken, Banknifty is going to be extremely bearish .
Other factors that might be crucial for banks are Crude above $120, US 10y Bond yields sustaining above 3.1%, Dow Jones crash, etc.
Conviction bearish
Bias bearish
Trading Ideas
Long above 34612 Target 34800
Short below 34346 Target 34094
>>Option buying
Long Position: Buy 34700 CE
Short position: Buy 34000 PE
>>Option Selling
Sell 34800 CE (if 34300 is broken sell 34300 CE)
-------------------------------------------
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.
Other factors that might be crucial for banks are Crude above $120, US 10y Bond yields sustaining above 3.1%, Dow Jones crash, etc.
Conviction bearish
Bias bearish
Trading Ideas
Long above 34612 Target 34800
Short below 34346 Target 34094
>>Option buying
Long Position: Buy 34700 CE
Short position: Buy 34000 PE
>>Option Selling
Sell 34800 CE (if 34300 is broken sell 34300 CE)
-------------------------------------------
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.
