Bank Nifty view for Monday 8 April
This is 1 hourly chart of Bank Nifty with EMA of 50 & 100. Currently it is trading at 48520 and is almost ready to break All time high.
I'm expecting that it want continue to run after touching All time high. If Banknifty open's gap up with minor 100 points then I'm expecting that it will test Resistance. It can come down to 48200 level for the day. Basically sideway movement for the rest day is expected. So it will be a good opportunity to to short sell Puts of 47600 strike. Good opportunity to eat put premium.
Sharing one more idea on BSE Stock which is trading at ALL TIME HIGH, look out.
#banknifty
I'm expecting that it want continue to run after touching All time high. If Banknifty open's gap up with minor 100 points then I'm expecting that it will test Resistance. It can come down to 48200 level for the day. Basically sideway movement for the rest day is expected. So it will be a good opportunity to to short sell Puts of 47600 strike. Good opportunity to eat put premium.
Sharing one more idea on BSE Stock which is trading at ALL TIME HIGH, look out.
#banknifty
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