As we know exchange allow us to trade in Banknifty options i.e. Banknifty call and Banknifty Put. We can trade in Banknifty weekly options or monthly options as per our choice. Weekly options expired on each Thursday and Monthly options expired on last Thursday of each month. Lot size is 25 for Banknifty Options. We can do options writing also, but it will require high margin defined by exchange. To buy an options, one should have (25 x premium price). It's not easy to define everything here in words, so if you have any query then you can directly message me on whatsapp (+919981722011).
16 May 2021 :
Banknifty Weekly 32500 call: At closing Banknifty weekly 32500 call closed at 289. We have seen non stop call writing in this options from higher level 800-850. For fresh buying in this options is good once it will sustain above 400. One should check Banknifty spot and future movement also to trade in options. Above view only for educational purpose.
Banknifty Weekly 32000 put: If we check Banknifty weekly 32000 put, then we can see put writing going on in this options. Above 380-400, we can see some upmove in this options. Below 240-250 level we can see more put writing and may possible it will go down to 50-60 rs.. One should check Banknifty spot and future movement also to trade in options. Above view only for educational purpose.