BANK NIFTY
Important Levels for 14-07-2021.
As we had pointed out earlier once price kept sustaining above 35510-35530 levels a upside was expected and we did see a nice rally in the second half.
For tomorrow we can buy any pullback to 35710-35730 levels for targets of 35880-35900 with SL of 35660 and trailed aggressively. In case we open flat or small gap up, we run straight into the resistance zone and fresh longs should be avoided till 35900-35930 levels are broken with good volumes.
Option chain suggests calls winding out from 35500 and below levels , so shorts can be taken in case of a big gap up followed by a negative price action. Else shorts should be avoided.
We might get very less trades but we get good trades.
As we had pointed out earlier once price kept sustaining above 35510-35530 levels a upside was expected and we did see a nice rally in the second half.
For tomorrow we can buy any pullback to 35710-35730 levels for targets of 35880-35900 with SL of 35660 and trailed aggressively. In case we open flat or small gap up, we run straight into the resistance zone and fresh longs should be avoided till 35900-35930 levels are broken with good volumes.
Option chain suggests calls winding out from 35500 and below levels , so shorts can be taken in case of a big gap up followed by a negative price action. Else shorts should be avoided.
We might get very less trades but we get good trades.
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