The pic contains the status of weekly CE writer and you can see that there is across the board CE writing on weekly strikes. These people also knew that SBI will declare results on Saturday and those were EXPECTED TO BE GREAT
The below pic contains the status of PE writer in weekly option across the board and there is also PE writing.
So it means these WRITER expect the congested market based on CE & PE writing.
So it means these WRITER expect the congested market based on CE & PE writing.
BNF is congested for last 9 trading session . Closing in the range of 41200 --- +/- 200 points and these market are best for seller to eat premium on both sides.
Now as we all know that BNF is "EXPECTED" to open higher based on SBI/DOW so lets see some monthly option chart to derive the breakout levels.
Lets take 40000CE. It CMP is at 1612. AVWAP from high at 1612. Means its in buyer control.
Lets take 40000CE. It CMP is at 1612. AVWAP from high at 1612. Means its in buyer control.
You can see in the pic that 1800 is the resistance level for this option and 1800-2000 is congestion zone.
So how to trade ???
Above 1600 - Bullish trades
from 1800-2000 - Congestion zone with zig zag moves
Above 2000- Expect Next upmove in BNF
So how to trade ???
Above 1600 - Bullish trades
from 1800-2000 - Congestion zone with zig zag moves
Above 2000- Expect Next upmove in BNF
The highest BNF did in last 9 days is 41825 and hence if we get EOD CLOSE above 41825 then we can expect fast 1000 more on BNF very soon.
See there is "MOSQUITO" who doesnt understand option properly & how levels works, hence he comes out & comment on every level that I mentioned.
In my below tweet on 2/11, I clearly mentioned that till 43000PE is below 2050 we cannot expect further fall
In my below tweet on 2/11, I clearly mentioned that till 43000PE is below 2050 we cannot expect further fall
But again he will come and write some NON SENSE based on his limited mind. Cant help, we need these jokers also in society for entertainment.
Baki its your life and you will gain or loose by your decision.
So be bullish tmw but keep 40000ce chart in hand.
Baki its your life and you will gain or loose by your decision.
So be bullish tmw but keep 40000ce chart in hand.
Ha bolna bhul gaya..............me holding some bullish position in BNF,.....so kal kuch milega
Loading suggestions...