BNF Post Analysis : 24/07/25

Previous Day : A good bullish move implying extreme buyers existence in the market. All the BNF components were bullish providing an easy trade for the day.

Present Day :

Opening : Opens slightly gap up justifying yesterdays bullishness but also creating an imbalance state. This indicates a bearish pull back which can provide a short trade but for lesser points as target.

Aim : To get a suitable range for the short trade which was below 57126 but the due to gap up the indicators will provide delayed signals for the short.

Trade plan 01 : Short below 57126 with a tight SL than usual (Half) & continue the trade for targets.

Trade plan 02 : Short at next suitable range which was below 57020. Price breached the the level 9:51 (3 min chart) but did not closed below it & also the components were not synced, hence avoided.

Trade plan 03 : Same level trade at 10:00 (3m) & closes below the level but still the components were not synced, hence avoided.

Trade plan 04 : Same level trade at 11:21 (3m) & closes below the level with the components either bearish or neutral, hence a tight trade initiated at a buying price of 354 (Put 57100). The price of option is the previous swing high. Providing 73 points with slight difficulty.

Fig 01 : Left : BNF 3 min chart; Red dot signals a short trade. Right : P57100 3 min chart showing the gained points.

Trade plan 05 : As the original trend was bullish, any bullish trade indication is more probable to provide a swift trade. Bullish trade level is 57050 but the components were giving mixed signals and also the previous candles shows exhaustion in the move, hence the trade was avoided. See Fig - 02.

 Fig 02 : EXT indicates exhaustion and heavy writing above the 57125.