Based on the chart analysis BNF seems more bullish than Nifty. market may open with little Gap Up on 04 July 2022
We may discuss three scenerion
1- If BNF Opens with Gap UP-150-200 points up.
33950 /34100 are two resistence area
30 mins/1 hr if BNF sustain above then
we can sell PE of 33700 with 33500 next week expiry buy hedge
if BNF stops near resistence dont hesitate to Short 34300 CE (if resistence near 33100) short 34200 ce(if resitence near 34000/33900)
more specific update will be given after marekt will open
stay tuned with me.
2- if BNF is open in range check for 1 hrs candle if not broken
sell nearest hundered CE/PE and buy same lot of 200 points away ce/pe
and enjoy the ride
3- if BNF open with Gap Down : wait for 1 hr candle where it is going to settle than plan your trade lower side 33 300/400 is support
rest will update after market will open tomorrow
mcpriceaction