Option Writing Zone: 32150 to 31400 Sideways Range (32150 to 31400) is too wide. I Will wait for a narrow range for one side trade.
Prefer to long once it will sustain above 12050-12070 Prefer to go short if daily close below 11940 Option writing will be the best strategy to trade in a sideways zone
It has completed its Bullish Harmonic Alt Shark and is showing signs of reversal. A bounce back till 108-110 is possible provided it does not go below 99
We clearly see a divergence between price and MACD which indicates the reversal. I would update the idea. -Rachit
Weekly time frame Bearish Harmonic AB=CD can retest 180 Daily time frame diagonal ending, breakdown below 203 Hourly time frame Bearish AB=CD prz 215 View would negate above 223
Bank Nifty Expiry Outlook Buy: If it will sustain above 31800 for the target of 32000-32100-32150 Sell: Avoid short BNF closing data is very stronger then NF.
Nifty Expiry Outlook Buy: If it will sustain above 12055 for the target of 12100-12135-12155 Option Writing Zone: if it will sustain below 12055 and sustain above 12000 Avoid Short Position: There are many demand zones in between 11950-12000 Highest OI in Put: 12000-2,610,375 Highest OI in Call: 12100-2,548,500