Holding the positions now will shift call to 41800 if the high is breached today.
#banknifty

#expirytrade
Book profit before the fall, and then deployed #ironcondor with 40500pe & 41600ce shorts. Net gain by weekly expiry will be 5.4%.

#banknifty
#optionswriting

#expirytrade
Shifted the #ironcondor to 40400pe and 40900ce shorts.
Net gain will be 4.2% for the week for no more adjustments.
#banknifty

Booked loss 1.8% for the week
Deployed the #ironcondor for next week expiry to 39500pe & 40500ce shorts, net gain will be 8.5%. Will try to book 4%.

#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

Morning downfall cost 3%.
Shifted #ironcondor to 39000pe and 40000ce shorts, net will be 4.5% by weekly expiry.
#banknifty

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

#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.