Banknifty Trade Setup fro 05.09.22 with intraday levels
Banknifty has shown extreme volatility based on global cues and Mr. Powell's speech and it is very difficult to trade unless you are already on the winning side. General consensus is not clear but bias is bearish for now.
Conviction bearish
Bias bearish
Trade Setup
Long above 39674 Target 39947
Short below 39287 Target 39000
>>Option buying<< (take next week options)
Long Position: Buy 39700CE
Short position: Buy 39000 PE
>>Option Selling <<
Sell 40000 CE with 30 point SL
39500 short straddle can be taken with 30 point SL on either legs
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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
Conviction bearish
Bias bearish
Trade Setup
Long above 39674 Target 39947
Short below 39287 Target 39000
>>Option buying<< (take next week options)
Long Position: Buy 39700CE
Short position: Buy 39000 PE
>>Option Selling <<
Sell 40000 CE with 30 point SL
39500 short straddle can be taken with 30 point SL on either legs
-------------------------------------------
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
