BANK NIFTY
Updated
Important Levels for 28-06-2021
Index currently inside a no trade zone (34300-34500). It was bullish on friday but we saw a good amount of profit booking at 35400+ levels.
Fresh longs can be initiated with price sustaining above 35550 levels for targets of 35720 and 35800.
Also any pullbacks to 35220-35250 zones can be bought with a SL of 35150 and trailed aggressively, but no fresh buying should be done inside the marked resistance zone.
No shorts unless 34950 levels.
Option chain also suggests no big momentum on either side unless 35000-35500 range is taken out.
Most likely going to be a day of erratic movements.
Index currently inside a no trade zone (34300-34500). It was bullish on friday but we saw a good amount of profit booking at 35400+ levels.
Fresh longs can be initiated with price sustaining above 35550 levels for targets of 35720 and 35800.
Also any pullbacks to 35220-35250 zones can be bought with a SL of 35150 and trailed aggressively, but no fresh buying should be done inside the marked resistance zone.
No shorts unless 34950 levels.
Option chain also suggests no big momentum on either side unless 35000-35500 range is taken out.
Most likely going to be a day of erratic movements.
Note
Played out exactly as expected. Any longs at the pullback areas mentioned gave around 100-120 points.
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