Bank Nifty levels forTuesday (41700 to 41900 Crucial levels)
BankNifty Levels to trade
Today closed around 40700 level
Put buy options
40800 to 40900 Area with stop loss of 100 look for put buy with price action, Targets of 40600,40400,40200.
40650 below area with stop loss 100 points look for put buy wiht price aciton, Targets of 40500,40400,40200.
Call buy options only above 41000 if price sustains one can go for CE buy with stop loss of 100 points.(avoid going long in bearish market better wait for pull back to levels where sellers are active look for put buy options).
Today closed around 40700 level
Put buy options
40800 to 40900 Area with stop loss of 100 look for put buy with price action, Targets of 40600,40400,40200.
40650 below area with stop loss 100 points look for put buy wiht price aciton, Targets of 40500,40400,40200.
Call buy options only above 41000 if price sustains one can go for CE buy with stop loss of 100 points.(avoid going long in bearish market better wait for pull back to levels where sellers are active look for put buy options).
Trade closed: target reached:
As per idea above i took trade below 40650 to day low, 150 points scalped 40 points 10 lots 41600 pe bought 228 sold 268.
Comment:
one can go back and check my yesterday video on today probabily end of the video after reviwing 20th feb review.Both levels worked with given idea.