Not in my wildest dreams I would have thought that BNF would rally with such strong vengeance. Yeaterday, I wrote about possibility of buying emerging in key banknifty stocks since these were at crucial fibonacci levels and hence gave 2 selling areas. Because I thought that Nifty on weak footing may not allow BNF to rise much. I was completely wrong. Both stop losses were triggered!
About tomorrow, no point in going for option chain sanalysis ince tomorrow is expiry. On daily chart, Banknifty closed as strong green candle with higher low and much higher high. It closed above 20,50,&200 DEMA and faced 100 DEMA as resistance. Since today it rallied massively (by 1018 points), tomorrow a slight drop or doji candle like formation is possible and therefore I have marked both buying and selling areas which look reliable to me for tomorrow on 15 min chart.
All the best. Happy trading.
About tomorrow, no point in going for option chain sanalysis ince tomorrow is expiry. On daily chart, Banknifty closed as strong green candle with higher low and much higher high. It closed above 20,50,&200 DEMA and faced 100 DEMA as resistance. Since today it rallied massively (by 1018 points), tomorrow a slight drop or doji candle like formation is possible and therefore I have marked both buying and selling areas which look reliable to me for tomorrow on 15 min chart.
All the best. Happy trading.