Buy Bank Nifty for target of 43036

Apr 18, 2023

Banknifty outperformed Nifty 50 and stayed above the 42,000 mark on monday, rising 130 points to close at 42262. The index now is trading at 42415 and it has more potential for upside from this levels also. So if anyone wants to go long can go with given levels on chart. Please accumulate more if you get down-level around 42200-42300. Please follow strict stop loss.

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Apr 19, 2023

Note

Bank Nifty saw call and put unwinding at lower levels while calls were written at 42,400 and 42,500 as they are emerging as local resistance levels. “Out of the two indices, Bank Nifty is the stronger Index and a dip below 42000 can make traders initiate cross calendar spreads on the call side in this index. Traders can use both the monthly and weekly expiries of 42,000 and 43,000 to do this. Bank Nifty also has huge put writing at the 42,000, 41,500 and 41,000 strikes in the monthly expiries, indicating that any fall can be a buying opportunity in this Index".

Apr 24, 2023

Note

Chances are high we will be 43000+ till expiry, still it is giving buying range

Apr 24, 2023

Trade active

Awesome move in banknifty hope everyone is making profits.