As I have mentioned in ya pervious BNF weekly trading plan Bank Nifty is still trading in the wide sideways zone of 21000 to 23300.
Best way to trade sideways zone is to sell OTM Call and Put option or sell on higher zone and buy at lower Zone.
For the next week, 21000 to 22500 will be choppy zone and it may move both side in this range
Trend will be positive if it will sustain above 22500.
Trend will be negative below 21000 but I am not expecting Bank Nifty below 20000. So sustain or closing below 21000 expecting max 1000 points downside.
Thank X
Have a gr8 Weekend :)
Best way to trade sideways zone is to sell OTM Call and Put option or sell on higher zone and buy at lower Zone.
For the next week, 21000 to 22500 will be choppy zone and it may move both side in this range
Trend will be positive if it will sustain above 22500.
Trend will be negative below 21000 but I am not expecting Bank Nifty below 20000. So sustain or closing below 21000 expecting max 1000 points downside.
Thank X
Have a gr8 Weekend :)
