Banknifty View - 26 December 2023

1. The market will remain sideways from 47650 to 47737. I will plan a finnifty short strangle or sell puts with appropriate risk to reward.
   
2. Market sentiment today is bullish. So we can plan a bullish trade—SL with 47650 and Target as 47830.
   
3. The market will be bearish if it sustains below 47600. The target will be 47450, and then I will trail. But for now, my view is sideways to bullish.
   

Trade active:

Currently Active

Comment:

Booked 80% at 47820

Trade closed: target reached:

Closed the trade