Tuesday, 21 December 2021

tomorrow bank nifty prediction| trade plan

How did banknifty perform today?

Banknifty formed a perfect Doji pattern and closed @34727.    

  • Open interest analysis
  • FII and Pro reduced short positions today. Total FII+Pro short positions are -419897. Bank Nifty Nov Future Open Interest Volume is at 23.4 lakh with liquidation of 2 Lakh contract, with a decrease in the cost of carrying suggesting SHORT positions were closed today.

  • Option chain analysis
  • Max pain 35900
    PCR 0.76
    36000 strike has highest call and put option

  • Is Bank Nifty bullish or bearish tomorrow -Astrological prediction
          The market seems to be bullish tomorrow.

Banknifty trading view chart

Banknifty investing

Banknifty corrected more than 7000 points. 

Long-term investors make a one-time investment of Rs 2 lakhs for 15 to 18 years. Investors can make wealth creation and monthly return from this one-time investment by selling monthly OTM calls

Banknifty share price levels for intraday trade

Banknifty will be ideal for positional short below 34000 until the broader market and index forms higher and higher low in the sixty-minute chart.

Intraday trading levels based on the spot price

  • Buy Above 34730 Tgt 34950
  • Sell Below 34570 Tgt 34390

Banknifty future strategy

The market is in a downtrend. The best strategy would be to sell future below todays' low and hedge the same with the ATM call option. Positional long trade can be initiated once BNF closes above 21 ema in the daily time frame.

Banknifty Opstra option trading strategy

Working professionals can do credit call ratio spread and a debit bear spread. The position can be created in Opstra, and analysis can be done for various scenarios. Next, the tested strategy can be initiated in a live account.

Is there any chance for nonworking people to participate in the options trade?

Nonworking people can initiate spread in the direction of the trend. This is a risk-defined strategy.

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