bank nifty:euphoria

black TL is acting as a maj support...
yellow line is a maj resistance...
red TL is a hurdle !
trading below 34,50 ema ... RSI at 40 levels(considered +ve)
CE 20500 approaching a maj resitance at 440 levels..
PE 20500 is at maj support of 315 ...

now what to do :
when things are not clear option is to wait for monday cues...
one more option:
sell the 20500 straddle at present rates or upto any rise till 760 with strict SL of 772-778 and enjoy the turbulence !!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.