BankNifty Expiry Day analysis | Hero & Zero trade will be 1:15pm

Updated

Good Morning Traders,
Banknifty has not given breakout yesterday, let's see what will happen today, may be we can see some fireworks today in 2nd half, as market is opening in gap up chances are high profit booking can come, well, will take trades according to price action. Yesterday also banknifty was trading in No trading zone, just in last half an hour it has given sharp move for downside. But that also has respected the levels, did not broken support levels, overall it was not a good day for option buyers, anyway we will expect some opportunity if we will get.

Important levels for Banknifty:-

Buy above 44928, if levels get sustained, at least for 15 mints.
Targets we can see in upside 45126/45222/45399
keep stop loss at 44728

Sale below 44600, if levels get sustained, at least for 15 mints.
Target we can see in downside 44475/44272
keep stop loss at 44728

Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Note:- For Banknifty Hero Zero trade will be in 2nd half according to price action, we will analyse then provide in comment box. Please make sure you have follow us, so you will be notified when we will updates.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.

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Let's play hero zero trade now
Buy banknifty 44800 put option at 30 now

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Targets will be 58/87/116/175+

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just kind of insurance please buy banknifty 45200 ce now at 12.50
in case our analysis goes wrong then this trade will save us.

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chances are for down side only. let's see how is market behaving

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Buy nifty 19500 pe at 17 now

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keep stop loss at 5 and target will be 28/36/48+

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nifty 22 now

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nank nifty 50

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nifty 26

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first target done,,i think again we are very few amongs all who short nifty and bank nifty at all time high

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party has just started

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wowowoowwowo blasted

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nifty 32 my goodness,,,near to 2nd target

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nifty darling is not going to stop my good ness 38 now

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84 wowowowowowow paisa 3 times

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93 book partial profits and wait for another highs in our option trade

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nifty baby 44 now

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banknifty boy reaches 112

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nifty 53

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All Target done in nifty

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nifty 59

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wow what a hero trade again

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nifty 66 now

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according to option chain data heavy put writing seen at 44800 strike
we can see some support here in banknifty, but if this get's break then 44600-44500 certainly will come

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party has not over yet
44800 strike broken for down side let's where is goes now, need nore 15 mints to stay below 44800 then you will see 44500 surely

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Nifty darling earlier was making highs for index now making highs for our trade now reached 79

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Banknifty put option trade made high 130 our 3rd target got done successfully

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Nifty darling made high 89

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Banknifty mde low somewhere 44680

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guy's atleast like now,,see view are more than 1k and like just 7 come on,,,i know if my name would have sonia you would have given 100+ likes
come on yar,,don't just see atleast respond

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NIfty 97 my goodness now please stop let me book profits please

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my goodness 167 now banknifty has blasted for downside

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NIfty 110 ohh comeone

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199 oh my god
c what a trade
still no one is supporting here

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banknifty 30 to 200 now
nifty 17 to 117 now

what do you need else tell me

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We have captured momentum from top,,what a trade today,,guy's book profits here, do not be so greedy.

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So guy's this was it,,
Hope everyone have made good profits from our analysis.
please hit like if you liked my work,
again this was a perfect hero zero trade.
our both trade banknifty from 30 to 200
nifty 17 to 117
has done well.
my analysis were simple nifty and banknifty had opened in gap up and after that they have made new highs, nifty were doing awesome and made a new all time high also, but after some time trend had been reduced and both indices has fight a lot to go beyond today's high, in that scenario, relative strength was going week, and option chain data also were saying the high has become for today, and price action have worked kind of ""Aag me ghee"" and rest of front of you,, i was just observing 2 hours continues then i have made my decision to go short.
Well thankyou guy's for your love and supprt.
Please hit like, if you like my work

TraderRahulPal

Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)

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