Monday - 19 Jan 15
My view for next moves in Nifty & Bank Nifty (Next move might happen in 1 day or 1 week, we need to be patient untill these moves are complete)
Nifty - Do not Short Untill 8600 is reached & after that we can short Nifty for 70 odd points from the probable top. (My view is tomorow would be a gapup hence anticipating the downmoves by tuesday.)
Best Strike prices would be 8500/8400 Call & After the Upmove 8600/8500 Put.
Bank Nifty - Do Not short Bank Nifty untill 19800 is on the screen. (There would be a 200 point drop in between, but its buy on dips strategy tlil 19800)
Stop Loss - Nifty - 8470
Bank Nifty - 19000
Will Update once these moves are complete.