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Thursday, May 4, 2017

4May2017 #banknifty exp Time movement

Om Namo Narayana
Ysday n daybe4 ysday rock..

*Mkt is dull n momentum is slow .. so fast enter n exit mode for day players*

*Index option open int in range of 100pt nifty n 300pt banknifty*

* we saw banknifty 22500near 2-3times played put n down till 22240spot*

Now icicibank result good n adr up so it will give strength to banknifty since open

*Open to 09:16 steel n auto stocks opening +ve banknifty good 22444-500*

*09:17 to 11.25 nifty bn to rise with rising sun till 11.25  nifty may try 9336-54 banknifty if in open abv 22444 then will move for 22500/590 if already there then 22630  time is good bt icicibnk can give strength since open*

*11:26 to 12:30 Momentum slows down 50-90pt banknifty*

*12:31 to 2.33 rangebound 50-100 /150pt correction  bn *
After 2.40 50-80pt banknifty move up with expiry moves *

So in open can play bn buy in 25may22500ce till 11.30 then afternoon last hr

FOR STUDY PURPOSE
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