Today BankNifty crossed our lower purple trend line and started trading below the sell level, tried to bounce back and we again see the price rejection near the 31200 levels. Our sell trade triggered and all the targets are met. It was an easy day for Call Writers and Future Sellers.
Intraday levels for tomorrow:
Buy above 30400 for the targets of 30500, 30600, and 30700. SL for the Buy Trade would be 31290. Sell Below 30150 for the targets of 30025, 29900, and 29800. SL for the Sell Trade would be 31260.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading! InvestPro India Team
Comment
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Sell trade triggered and 1st target done, so fast.... easy 2x in options