Bank nifty trades and targets - 18/10/24

Oct 17

Hello Everyone. The market was in a bearish mode today. Friday is when it takes away all the profits made today, so trade with less quantity and if 2 SL are hit close trading. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.

Oct 18

Note

Guys there is a lot of difference in premiums, even when the market going up till PE side premiums are not reducing and the opposite happening in CE premiums. Wait for a bigger time frame breakout or sit idle but do not trade as of now. Will update once the market premiums settle in the right direction.