OI in Nifty futures still hovering around yesterday's levels i.e. 26 million apprx [taking July and August futures into account; wef Monday, July, August and September futures will be factored] and VIX is excessively cool and definitely not reflecting correct price action
Critical levels and outlook remain unchanged for both Nifty and BankNifty
Next week can prove to be very exciting as far as trading is concerned with a negative bias [the negative bias is my personal bias remember] Options trades may be exciting next week with straddles [better to go with OTM strangles of August series options with no more than 30% of trading capital for options and a 15-20 point stop loss for the losing leg for Nifty. BankNifty options may be avoided due to their illiquid nature and better to straddle via futures]
EOD / EOW illustrative images for Nifty and BankNifty will be updated latest by tomorrow afternoon
Enjoy your weekend
Nifty EOD
Nifty EOW
BankNifty EOD
BankNifty EOW
Critical levels and outlook remain unchanged for both Nifty and BankNifty
Next week can prove to be very exciting as far as trading is concerned with a negative bias [the negative bias is my personal bias remember] Options trades may be exciting next week with straddles [better to go with OTM strangles of August series options with no more than 30% of trading capital for options and a 15-20 point stop loss for the losing leg for Nifty. BankNifty options may be avoided due to their illiquid nature and better to straddle via futures]
EOD / EOW illustrative images for Nifty and BankNifty will be updated latest by tomorrow afternoon
Enjoy your weekend
Nifty EOD
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