Bank Nifty Support and resistance for 27 July 2022
Buy above the green arrow mark and sell below the red arrow mark. keep small targets of up to 50 to 100 points only. This Thursday is monthly expiry too. Premium value will erode at brisk pace. Do not hold positions for higher time frame.
Note : The analysis is done based on data sets available at the time of writing .The view might change after the US markets close today. However markets are likely to be nervous and likely to remain flat with negative bias until the US Fed policy announcement .
Note : The analysis is done based on data sets available at the time of writing .The view might change after the US markets close today. However markets are likely to be nervous and likely to remain flat with negative bias until the US Fed policy announcement .
Trade closed: target reached:
Those who bought above the green arrow easily earned up to 250 points in bank nifty.