Expiry Plan for Tomm Too much levels to show, thus I removed the 2 other possibility of how market can open. Putting the most likely event of GAP UP opening tomm, i see that the trend can be upside with quick fall back within the #blackline range for #banknifty OI data is avoidd
Banknifty Expiry Plan is laid above, With weak resistances in place, it is expected to be a trendy upside expiry tomorrow.
We make three possibilities to strategise tomorrow's expiry
I try to predict expiry day plan with these three possibilities.
It has to be interesting and Volatile expiry tomorrow. All the best.
I provide the possibilities for expiry day which can be used with much higher accuracy of above 80 %. all Disclaimer applies. Do follow on social media channels to get instant updates.
We make an attempt to draw expiry day plan for tomorrow.
Banknifty Expiry Range is being defined taking into account 3 possibilities.
Monthly Expiry can be dramatic, it can be a storm for account blower and can be a volatile week saviour for option sellers struggled throughout the week.
Expiry day plan for tomorrow. We make three possibilities of expiry on Thursday.
We take three possibilities and try to explain the expiry day for tomorrow
We make blueprint for tomorrow's expiry. THree possibilities
Banknifty has formed a wedge on 240H timeframe which gives a sense that the index might get re stuck before uplifting to a greater HIGH. However Expiry is to be well planned so that our actions be clear when we trade . Heres above the Three Possibilities and possible travel path for #BANKNIFTY
Based on type of opening we pose three possible moves with Expiry range bounded by blacklines
We expect that the Bearish Character made today would be reflected tomorrow with above ranges to consider for the expiry strategies.
Banknifty is in tight range the expiry can be a huge rally or a fall , neverthless a calculated risk for being around 34800 can be expected to be executed.
A second day continuation of a bear trend following a consolidation phase can be just a move to fill the gaps, however Expiry days are different generally, It is a tug of war with ruthless search for premium decay be it any greeks . We make the above three possibilities based on type of opening.
banknifty can resume bearish sentiment however we can best fit the above black lines to plan for expiry day .