As discussed live , bank nifty crossed 29100 without any bullish symptoms in the morning. It made a high of 29134 tad lower than expected but nevertheless enough to give good money to traders. Nifty 11400 CE went from 2.2 all the way to almost 18. I was expecting a further push in afternoon session above 29200 bank nifty but Indian institutions failed to give any impetus in afternoon and FII algos started selling near 11384 Nifty level. Having said that , most of the calls went 100-300% from morning levels and Nifty call went as much as 700%.
Resistance for the day 29121 Support for the day 28514
Expectation Trend day reversal , Initial weakness to be bought , sharp rally in afternoon My trade I'll try to short puts near support Real time updates Nifty 11400 CE went from 2.2 to 18 Crude oil last evening made a low at our level moving up 100 pts Crude oil as i write has fallen around 100 pts from resistance enabling traders to make money of their lifetime Rest I'll post whenever I get time
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I have posted my views for mayhem tomorrow on social media , kindly go through it
Sir SGX NIFTY is already down 215 and if there's no recovery later in the night or morning then BANKNIFTY will itself open way below your support levels.. what are the next levels to look at Sir??