Analysis Academy

Market completely trading inside the range that we have discussed, premiums are fluctuating too much, and no opportunity found till now, just looking for scalp trade

Banknifty - If Banknifty opens flat and breaks 48600 support, Banknifty might continue the downside move, so after retracement, I will plan for a Put trade, Banknifty might move down to test 48251 support. If Banknifty opens flat and breaks yesterday's high Banknifty has resistance at 48984 so I will not plan for a Call but if Banknifty faces resistance at moves down to hit buyers stop losses I will plan for a Put trade. today emotions will be mixed so market might take rest, so I will be planning sideways to bearish market.

Nifty - Gift Nifty showing flat opening but market might open flat or slight gap down, If Nifty opens flat and moves downside 22900 acts as support, if Nifty breaks the support and gives a retracement I will plan for put trades, because Call options holders traders will be expecting upside move, so until they exit market might not make a upside move, so after the support breakdown I will plan put option, 22770 is the next support for Nifty. If Nifty opens flat and moves upside and breaks the 22994 resistance, I will not be planning for a Call in Nifty because we have no levels on the top, but after attracting buyers if Nifty reverses I will be planning for a Put trade.

Market not even making 100 points retracement, black Thursday

100 points is more than enough because this is a profit booking so premiums might not increase very fast

Support 22910 in Nifty

There is a possibility for a downside move if BN crosses 48673, it is not advisable to many traders because high risk is involved and probability is only 50%

Market might not move down until retail traders exit with loss, so firing with the market is very dangerous, so plan your call exit as per your risk capacity