Bank Nifty levels for Thursday Expiry (Dhamaka or Range Bound)
At last bank nifty gave some signs of bullishness, Call sellers unwinding seen till 41500.Puts sellers have writtten deep in the money contracts they must have some confidence in the market to go higher levels.
Levels for tommorow 41550 to 41600 area to buy and another one at 41800 area to buy, Sell only if price sustains below 41400.
Buy at 41550 to 41600 Stop loss 41450. Targets 41800 ,42000 and 42200
Buy at 41800 Stop loss 41700.Target 42000 to 42200
Sell below 41400 Stop loss 41475 to 41500. Targets 41200,41000 and 40800
Levels for tommorow 41550 to 41600 area to buy and another one at 41800 area to buy, Sell only if price sustains below 41400.
Buy at 41550 to 41600 Stop loss 41450. Targets 41800 ,42000 and 42200
Buy at 41800 Stop loss 41700.Target 42000 to 42200
Sell below 41400 Stop loss 41475 to 41500. Targets 41200,41000 and 40800
Comment:
Jan 25th and Feb 1st it fell drastically from 41900 to 42000 level. It can repeat be cautious at those levels.
Comment:
Cautioned you about fall previously happened can repeat and History repeated.
Market Opened at resistance Check my levels on Chart, never gave buy option if you are in 3 min trading time frame one can clearly see bearish channel forming which is continous pattern and did continued.
Thank you whoever liked my Idea.
Market Opened at resistance Check my levels on Chart, never gave buy option if you are in 3 min trading time frame one can clearly see bearish channel forming which is continous pattern and did continued.
Thank you whoever liked my Idea.
