Bank nifty trades and targets - 23/8/24
Hello Everyone. The market was in a very tight range the previous day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 60 points as we are getting very few trending moves.
Note
Volumes are very low in option chain, let today's low break with a 5 minutes candle then look for PE trades. 50790 can be target. If it is in between today's high and low then it going to be "No trading Zone" Note
Very low volumes in all index so avoid trading till high or low is broken. If broken then trade accordingly.
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