Only for Option Buyer - BANKNIFTY Analysis and Trades 5/30/2022
Diupdate
Hello Friends,
Now what would be my next Trade - As of now, my strategy is wait and watch. I want price to come down and than give me a good setup for long.
1. My observation is still with Bulls that means no PE and only CE whenever there is an good opportunity.
2. Where market may go from here? I do not know may be 40000 but I know one thing if this is to happens than definitely I may book more rallies as I am Bullish.
3. Marker may go down 20000 ? I do not know If this is to happens I might miss few rallies for downside but whenever market change to Bear from Bull I will also switch and at that time I will only look for PE
**Do not bound your knowledge with just INFORMATION in the form of S&R, Indicators, Option Chain etc. as good profits will only book once you start ignoring them. All the best
Regards,
Anonymous
Now what would be my next Trade - As of now, my strategy is wait and watch. I want price to come down and than give me a good setup for long.
1. My observation is still with Bulls that means no PE and only CE whenever there is an good opportunity.
2. Where market may go from here? I do not know may be 40000 but I know one thing if this is to happens than definitely I may book more rallies as I am Bullish.
3. Marker may go down 20000 ? I do not know If this is to happens I might miss few rallies for downside but whenever market change to Bear from Bull I will also switch and at that time I will only look for PE
**Do not bound your knowledge with just INFORMATION in the form of S&R, Indicators, Option Chain etc. as good profits will only book once you start ignoring them. All the best
Regards,
Anonymous
Catatan
As already shared my todays view is wait and watch if tomorrow there is gap down than we should have get good CE setup.. If Price gaps up tomorrow I will wait to it come down if price will not come down and starting go up than I might miss the move But its okay for me. My Mantra is - Do not chase the market, participate in the market.
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