BANK NIFTY
Important Levels for 15-09-2021
Apart from the first hour and for 30 mins post 12:45 pm, there was hardly any move in the index and it completely remained in range throughout the day with the Value area being just 125 points.
Option addition today is also completely flat and overall there are more calls written than puts which means scope on the up side is limited.
Watching the market might be a better option tomorrow rather than taking positions and hoping.
If at all we cant stop ourselves from trading, we can take longs above 36750 with a SL of 36680 and aim for 36840, 36900 and 36990. SL has to be trailed aggressively.
One can also take short position on seeing any -ve price action at 36720-36750 levels for targets of 36660,36580 and 36440. SL can be placed at 36800.
The best trading scenario would be if we open between 36650-36600 and start trading lower. Our entry can be below 36560 with a 60 point SL and aim for targets of 36410,36310 and 36130.
36500 spot can be crucial for tomorrow's session.
In tomorrow with absolutely nothing on my mind and we take positions once the day develops.
Apart from the first hour and for 30 mins post 12:45 pm, there was hardly any move in the index and it completely remained in range throughout the day with the Value area being just 125 points.
Option addition today is also completely flat and overall there are more calls written than puts which means scope on the up side is limited.
Watching the market might be a better option tomorrow rather than taking positions and hoping.
If at all we cant stop ourselves from trading, we can take longs above 36750 with a SL of 36680 and aim for 36840, 36900 and 36990. SL has to be trailed aggressively.
One can also take short position on seeing any -ve price action at 36720-36750 levels for targets of 36660,36580 and 36440. SL can be placed at 36800.
The best trading scenario would be if we open between 36650-36600 and start trading lower. Our entry can be below 36560 with a 60 point SL and aim for targets of 36410,36310 and 36130.
36500 spot can be crucial for tomorrow's session.
In tomorrow with absolutely nothing on my mind and we take positions once the day develops.
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