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Important - Monetary Policy announcement, So watch Bank nifty stocks, that impact will be more in Nifty direction.
1. Expiry - Weekly
2. Global Market:
US - Flat
European - Green
Asian - Mixed
SGX Nifty - Down with 51 pts
3. FII/DII activities
FII are net sellers of 416cr and DII are also net sellers of 355cr.
Generally FII will buy or sell continuesly.
4. Candles - Nifty forms harami or inside bar candle pattern in days candle..
So buy above yest high and sell below yest low and day before high/low is Ur stop-loss. Trade the next week option strikes if you go on long to escape from Theta.
BANK NIFTY - Tomorrow monetary policy announce at 2:30 or 4PM. So be caution and play on hedging.. Your hedging premimum price should not [both CE and PE] goes beyond 100 RS combine and also Straddle only.
5. VIX is at 15.63 is good for bull market.
6. USD/INR $ - 69.42 but still it has to come below 69 is good for investment or bull market.
7. Result/Events - Monetary policy, expect the rate cut of basis 25 pts, so second half may expect some volatility. But this news already spread and the market is played well already.
NOTE - Any more rate cut rather than 25 basis pts will take market to upwards of another 100-200 pts in BN.
8. Max Pain - Nifty @ 11800, BN @ 31600.
9. FNO Analasis - Features - Nifty - Bullish & BN - Neutral
Option PC Ratio - Nifty - Neutral & BN - Neutral
10. Trend Movements - Nifty may end between 11930-12075.
My Trade Plan
#############
#. Already Short Strangle at OTM 11800, 11850,11900 PE and 12150, 12200 CE, BN done hedging [bullish combo spread].
Nifty [ Close existing positions which ever below 0.5 and shift to next position with minimal until the direction gets cleared. second half may go with ATM short stradle if required].
Already I made VEGA netural, If that strategy fails, then i will play ITM stradle to make delta neutral.
#. LOTS - Confidential*
TRADE WITH CAUTION
HAPPY TRADING
Vijay
- Please feel free to comment and always respected, it will be answered latter.-
1. Expiry - Weekly
2. Global Market:
US - Flat
European - Green
Asian - Mixed
SGX Nifty - Down with 51 pts
3. FII/DII activities
FII are net sellers of 416cr and DII are also net sellers of 355cr.
Generally FII will buy or sell continuesly.
4. Candles - Nifty forms harami or inside bar candle pattern in days candle..
So buy above yest high and sell below yest low and day before high/low is Ur stop-loss. Trade the next week option strikes if you go on long to escape from Theta.
BANK NIFTY - Tomorrow monetary policy announce at 2:30 or 4PM. So be caution and play on hedging.. Your hedging premimum price should not [both CE and PE] goes beyond 100 RS combine and also Straddle only.
5. VIX is at 15.63 is good for bull market.
6. USD/INR $ - 69.42 but still it has to come below 69 is good for investment or bull market.
7. Result/Events - Monetary policy, expect the rate cut of basis 25 pts, so second half may expect some volatility. But this news already spread and the market is played well already.
NOTE - Any more rate cut rather than 25 basis pts will take market to upwards of another 100-200 pts in BN.
8. Max Pain - Nifty @ 11800, BN @ 31600.
9. FNO Analasis - Features - Nifty - Bullish & BN - Neutral
Option PC Ratio - Nifty - Neutral & BN - Neutral
10. Trend Movements - Nifty may end between 11930-12075.
My Trade Plan
#############
#. Already Short Strangle at OTM 11800, 11850,11900 PE and 12150, 12200 CE, BN done hedging [bullish combo spread].
Nifty [ Close existing positions which ever below 0.5 and shift to next position with minimal until the direction gets cleared. second half may go with ATM short stradle if required].
Already I made VEGA netural, If that strategy fails, then i will play ITM stradle to make delta neutral.
#. LOTS - Confidential*
TRADE WITH CAUTION
HAPPY TRADING
Vijay
- Please feel free to comment and always respected, it will be answered latter.-
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