A monthly expiry strategy would involve buying or selling the Bank Nifty futures contract at the beginning of each month, and then closing out that position before the contract expires at the end of the month. The goal of this strategy is to profit from the movement of the Bank Nifty index over the course of the month.
This is considered a short-term trading strategy, as the holding period is only a month. The strategy can be used for both bullish as well as bearish outlooks. However, it's important to note that trading in financial markets, including derivatives, carries a high level of risk and can result in significant financial losses. It's always important to have a well-defined risk management strategy in place and not to invest more than you can afford to lose.
Today is weekly and monthly expiry. Its been more than 3 weeks that we trade in a range of 17800 to 17200. The important point is that the bottom is saved every day at 18000, but daily tops are coming lower. From 18300 to 18250, to 18180 and now 18150. It clearly suggesting inherent weakness and what better day than expiry day to go for the kill.
Nifty. Big resistance at 18150. Support at 18020. Break on either side will give 100 points.
BankNifty. The breakout failed and it's back in the range. Support placed at 42300 and resistance at 42800.
Trade accurately with our daily profit making bank nifty option tip and be a part of the winning team in Indian stock market.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
