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Banknifty Weekly Lottery
#11
HI all,
As I said last week, 36300CE was the first pick. (entered at 55 and exited around 200)
Then entered 36300PE it didnt give a profitable exit. So the plan for next week (9 Sep is given below)

For 9 Sep 2021, I select 35900PE and exit of this PE will be done while BNF hits 35837. In other words, I expect BNF to hit 35837 and a suitable PE can be bought accordingly. 35784 can be support.
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#12
Ganesh Chathurthi wishes to all.

Last week, BNF went down only upto 36251 and expiry was around 36770. Eventhough sell on top proved to be right decision, it didnt give enough profit for PE buyers.

So for next week, it will be a volatile week as we have only 4 days including expiry. 10-Sep Friday is holiday due to Ganesh Chathurthi.
The plan:
Having both CE and PE of 36200.
Resi of BNF is expected at 36586. If resi 36586 is broken, be on CE side (Because in such a case, 36887 or even 37037 may hit). Below written conditions are valid only if the resi is not broken.

If 36586 acts as resistance (without breaking), then I expect the downside to cross 35985. In that case, buy both CE and PE of 36200. Confused? Let me explain how to enter.
When BNF is near the resistance 36586 (without breaking), buy PE of 36200. When BNF is near 35985, buy 36200CE.

If above resi of 36586 stays intact, BNF Expiry can be between 36210 & 36435.

My another strategy J58K58 trading idea is shared at https://mudra.trade/showthread.php?tid=1850

A QUICK UPDATE on 13 Sep morning
As BNF opened at 36730.60, it shows a clear open above my resistance (36586). So we have to change plan accordingly.
I am shifting resistance to 36888. I will be buying PE when BNF hits 36888 and leave the PE open for expiry.
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#13
Even after BNF touching 38224.70 on 17-Sep-2021, it reached to a low of 36609.35 as of today, 21 Sep 2021.

My plan for this week expiry (23 Sep 2021) is to enter both 37000PE & 37000CE at price 40. I will place the order for both PE and CE. The present low of 37000CE is 191.10 and that of 37000PE is 62.85 (17 Sep).

To get my quick views on BNF level, please join my telegram channel https://telegram.me/mudratrade
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#14
Hi all,
For the BNF September 2021 expiry, I got a few levels of support.
S1 - 37431 (Buy if hit)
S2 - 37310 (Buy if hit)
S3 - 37187 (It this is hit, BNF may go down upto 36944)
SO buyback at 36944.
Weekly SL = 36762
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