Monday, 22 November 2021

Day 2 : Banknifty future trading update

Banknifty gave a big down move moon is at Mrighshira star. Future took support at 2nd September low 36680. The excellent point is banknifty future closed above critical level 37200. 

Banknifty hourly chart 

Overall, banknifty is a firm bear grip. The long week at the bottom of the 2:15 PM candle gives hope for a relief rally. I expect a trend reversal tomorrow second half.

Option greek

  • Delta 8
  • Theta  -250
  • Vega 1000

The position will lose less if the market goes down due to positive vega.

Current position of banknifty future

  • Future Nov long 
  • Put option Dec 38500 long

M2M is -25926

Profit booked Rs 19210 

I will add an extra lot once Ehler goes positive, RSI crosses 55 and future crossed today's high.

In December,  I will use synthetic future instead of future. 

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