BANKNIFTY Expiry Day Strategy
BankniftyWe had planned for a break on either side which played out beautifully.
Not quite the way we would had wanted it given the market glitch and trading halt and the late move. But it did happen as we laid it out.
< Refer to the previous post >
Plan for Expiry:
OI Analysis: Good PE OI at 36000 , overall PCR has increased so expecting a bullish Bias. 36500 is balanced , CE OI high at 37k CE
Plan of action:
1. Will Look for a hold of 36200 for a bullish bias.
2. Break above 36620F will look for a move to 37000
3. Hold below 36200 can look to rotate lower to test 35850 areas.
Not quite the way we would had wanted it given the market glitch and trading halt and the late move. But it did happen as we laid it out.
< Refer to the previous post >
Plan for Expiry:
OI Analysis: Good PE OI at 36000 , overall PCR has increased so expecting a bullish Bias. 36500 is balanced , CE OI high at 37k CE
Plan of action:
1. Will Look for a hold of 36200 for a bullish bias.
2. Break above 36620F will look for a move to 37000
3. Hold below 36200 can look to rotate lower to test 35850 areas.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.