PowerTrades

#BANKNIFTY Priceaction & Retracement analysis

NSE:BANKNIFTY   NIFTY BANK
Last week we discussed that banknifty             is likely to consolidate in a range and advised to trade the range mostly by selling options. This has played out pretty well.
Looks like 25500 is a good base , both from price action and option OI. Based on that can take long positions with 25450 as stops as mentioned last time. Or keep hedged options long. one strategy could be to take butterfly long positions based on this view
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out