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Bank Nifty Options Trading – 30Nov2021

This Bank Nifty Call Option (37000 Call- 09 Dec 2021 expiry) was our top buy today, because it was having a very reliable setup that comes once in 2-3 months, which must not be missed. Our average buying price is 125, and our target is 250 (for 100% gain), and the target is highly likely to come before 09 Dec 2021. In fact, the target can come within this week by Friday, 03 Dec 2021.

P.S. To those who are from the US markets, the Bank Nifty Options in India market are the equivalent of SPY Options in the US market, very liquid and ongoing opportunities for good trades. Bank Nifty Options offer some of the best trading opportunities worldwide.

S&P500 Futures Analysis – 13Oct2021

S&P500 futures are currently at 4325, and they are once again testing 4320 support level today, and the risk-reward here is looking very positive for upside target of 4450. Our SP500 Futures Trading Strategy is to stay long above 4330, and increase long positions above 4450, above the resistance line shown in the chart below.

Neat downward sloping resistance line with controlled correction, indicates a solid rally ahead. Clean long trades will come above the resistance line. 4450-4500 are near-term upside targets, which can give 120-170 points gain from current level 4325.

The S&P500 futures have been testing 4300-4320 support levels, and bouncing back from there, so this is the key support level, and long positions can be carefully created above this level. All long positions will need to be closed below 4300, because that will be a fresh breakdown.

#SP500 #SPX #markets #Nasdaq