Bank Nifty

Bank Nifty selling option levels..

This week band..

31915 ~ 30480

Scripts

Bata India / Colgate / Dabur / Titan......

All above scripts are in strong bull trend...(Thanks to our Mr.Balasubramaniam for his analysis)....

Check at your end.....any deep cut....buy and sell stradegy...


Additional observation

Yesbank...may test 68 level soon...

Relcapital...now lower level shifted to 23.20...

Index - Next week

Bank Nifty put option two times tested the support...as long as holding the support...keeping same as s/l.....my take is sell bank nifty call on rally...

Let us see tomorrow and decide...

Reliance

Reliance y'day broken the supports...now my take is every rise...we can sell..

1300 call next we can sell and encash the premium shrinkage...

Downside visible 1189....

Check at your end and trade...

Index

Sheetal says.....nifty future may not cross 12023 next 15 days....keeping 12023 s/l....her target is 11634

Infosys long term trend ...she says....her target downside 580....near future...

Check at your end...and take decision...

Budget

Yesbank lost 9%
Maruti lost 3%

Ware wah....

Colgate

Colgate keep in watch list...

Budget

Economic experts are busy in all breaking news channels.... our beloved loud speaker (RBI data lady analyst) started her "Tear and Wear" analysis....

Full of white collar economical professional criminals...

Yesbank

Yes bank...new ATL....congrats punit...good analysis..

Index

Now positional view based on price action and level..

11700 put premium suggesting...market may not fall below 11851.40 (closing basis)....

Hope....Reliance...is going to lead the market to ATH.....

Index

Today as such no direction...

58.90....is deciding factor...

or 14.20 is deciding factor..

Index

Nifty future range for tomorrow 11856.80 ~ 12013...

Congrats Sheetal

Your observation ...Maruti.....rocking...(we missed)...

Today ....we missed maruti....

Good analysis...

Maruti

Sheetal says (observation)

Maruti swing levels 6446.70 ~ 6827   

CMP 6526..

Her take is Buy and sell...

Check at your end and take decision...

Index

Index now 11828 will act as support...

Range 11828 ~ 12018...

No positional view... still index is in between the swing bands...

Avoid positional view...

Today session

Option selling ...session..

Suggestions / inputs received from chennai friends / punit and sheetal..

Views

-  Positional selling options are not viable..(after weekly options introduced)
-  Weekly option swings are almost 100 points to 200 points weekly.
-  Shrinkage of options are very fast in weekly options..

Conclusion....

Based on inputs and suggestions...
Strategy worked out to catch 

Nifty 50 to 80 points.... selling options
Bank Nifty 150 to 250 points...selling options..

To fix the discussed criteria...let us trade 5 lots basis next week onwards (only selling options)...