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Finwings stock trading academy is an educational institute and research centre delivering various courses for learning Stock market Trading and Investment.

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After slight adjustments, deployed 2 #ironcondor strategies in different account, 1. 1800pts 2. 3000pts range the average max gain of both positions will be 4.6% by next expiry on 40lac capital.

#banknifty
#volatility
Finwings Stock Trading Academy~ Free Educational Channel
40500pe and 41500ce shorts. #ironcondor Net gain now will be 5.7% by expiry.
Adjusted the No. of lots and brought call buy near due to margin issue, the current #ironcondor is 41500ce & 40500pe shorts, net gain will be 4.8%.
#banknifty
If banknifty closes below 39500 by next weekly closing this will be a trend reversal signal for short term and we may see levels till 38200-37700.

The trend will resume above 40600 on next weekly closing.

A consolidation in a 1000-1500 points is expected by next expiry, The breakout of the upcoming consolidation will decide the next move.

#banknifty
Finwings Stock Trading Academy~ Free Educational Channel
https://twitter.com/Finwingsacademy/status/1460852564631588868?t=qBBn4fTP71TRpTe3m0F2HA&s=19
Banknifty testing the 37800 support, if this levels break and closes below on daily levels, we can expect further selling till 37500-37200.

And that will be a good opportunity to add banking stocks in your investment portfolio as the reversals will be very near to your buying prices.

Expect a trend resumption above 38600 levels only, till then the consolidation might continue.

#banknifty
Forwarded from Finwings stock trading academy
#BANKNIFTY Monthly View (Daily chart)- Why analyze the monthly chart? -- Amid the current Volatility we should look for the broader trend rather than analyzing the day or swing trade technical levels. (This will give you the privilege to be right most of the TIME, also the adjustments in case of losses are EASY while trading the options. That's what I'm doing.