Only for Option Buyer - BANKNIFTY Trades for 6/09/2022
Updated
Good Morning Friends,
Market has reached to its crucial point. For me its already break the crucial point so my long sentiments has ended now.
I will not deny the one possibility that, may be with this down move the early bulls may out and than price may go up. In that condition I need at least one good upside closing candle should be above then 35250.
Now, I will look for Short opportunity. This could be little riskier but I will take the risk when or if price comes upside and than give me a good downside structure. Now where ever there is more money available market will go that side to grab that money (Stop Loss). I think money is available on downside as its very PREDICTABLE that previous resistance will become the SUPPORT now and bounce will come (see the blue lines and arrows in chart). How can market be so predictable for us? Lets see how it works.
Regards,
Anonymous
Market has reached to its crucial point. For me its already break the crucial point so my long sentiments has ended now.
I will not deny the one possibility that, may be with this down move the early bulls may out and than price may go up. In that condition I need at least one good upside closing candle should be above then 35250.
Now, I will look for Short opportunity. This could be little riskier but I will take the risk when or if price comes upside and than give me a good downside structure. Now where ever there is more money available market will go that side to grab that money (Stop Loss). I think money is available on downside as its very PREDICTABLE that previous resistance will become the SUPPORT now and bounce will come (see the blue lines and arrows in chart). How can market be so predictable for us? Lets see how it works.
Regards,
Anonymous
Note
For me a short setup is forming.. not confirmed yet
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