what a Day !!!
BannkNifty fut more than 400++ points .
Our bullish zone was above 39708 ..only above which long will enter..
Initial moves for first 30 mins was on the downside , shorters had a failed in an attempt to take it downside beyond 39500 , made low of 39490.
after 11:30 am it was only the bulls who were in control as the put writers dominates the rest of the sessions with call writers completely giving up.
39000 & 39500 is the strikes with more concentration of OI acting as support
40000 strike will be immediate resistance for banknifty .
if tomorrow upside move continues then a short covering move is possible.
BannkNifty fut more than 400++ points .
Our bullish zone was above 39708 ..only above which long will enter..
Initial moves for first 30 mins was on the downside , shorters had a failed in an attempt to take it downside beyond 39500 , made low of 39490.
after 11:30 am it was only the bulls who were in control as the put writers dominates the rest of the sessions with call writers completely giving up.
39000 & 39500 is the strikes with more concentration of OI acting as support
40000 strike will be immediate resistance for banknifty .
if tomorrow upside move continues then a short covering move is possible.