The bullish momentum in the last minutes of the trading will cause the BNF index to open gap up tomorrow.
But soon after gap up, price will fall till yesterday's high. Then will try to break the intraday high on 9 Sept but won't be able to do so as it is an expiry day & too much of 37000 calls are written.
So.. one can definitely go long for the next week. My target is 37600 till 16 Sept.
But soon after gap up, price will fall till yesterday's high. Then will try to break the intraday high on 9 Sept but won't be able to do so as it is an expiry day & too much of 37000 calls are written.
So.. one can definitely go long for the next week. My target is 37600 till 16 Sept.