BankNifty opened flat and sustained above our buy level in the morning, Future and Call Buyers made a good profit in the morning. BankNifty also gave a Sell opportunity from upper levels and we bought 36300 PE around 360 which again gave great profit. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 36150 Sell Below 35890 To motivate me,...
understanding trades for banknifty future trades for 10.08.2021 (Tuesday).
understanding trades of Banknifty future for 09.08.2021 (Monday)
Since CPR is broken and cancdle formed above the Daily TC/BC. The chances for uptrend is more.
BankNifty opened with a minor gap-up and as we updated before Market hours, we saw a good selling at open. Overall it was a range-bound day but Option Buyers sold at the top/ bought at the bottom made a good profit. For tomorrow 35700-35680 is important to hold else we can see good selling towards 35500-35400 zone. Intraday Levels: Buy Above 36050 Sell Below...
BankNifty opened with gap-up and continued the bullish momentum, It opened our Buying level and kept going up. We bought 36200 PE at 190 which gave us a good profit. As the trend is up, look for the buy on dips opportunity in the morning session. Tomorrow is expiry and we have seen 1500 points rally in two sessions, we may see rangebound day and volatility after...
understanding trades of banknifty future for 05.08.2021 (Thursday)
BankNifty opened with a gap-up and faced resistance in the 34820 zones, it spent almost the whole day in 15 points range which was broken on the downside and we saw a good fall in BankNifty. We did sell BankNifty Fut at 34980 which made a low around 34680, booked great profit on the sell-side. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above...
BankNifty opened with a minor gap-down and we saw a trending move after breaking out the triangle pattern. We have bought 34700 and 34800 CE and both gave good profit. We also tried 34900 PE near resistance but it didn't work. For tomorrow, would be looking for a buy-on dip opportunity as we got the breakout in BankNifty and positionally we can look for the...
understanding trades of banknifty future for 04.08.2021 (Wednesday).
Understanding Banknifty future Trades for 03.08.2021 (Tuesday) on the basis of support and resistance.
BankNifty opened with a gap-down and took support near 34500 zones, It was a range-bound day and BankNifty spent the whole day in the 270-280 points range. For tomorrow, safe traders wait for this range to break and book profit quickly as both Nifty and BankNifty is in tight range and we should be booking profit quickly. Expectations for Tomorrow: Volatile...
BankNifty opened with a gap-up and it faced resistance at 34800. We bought 34900 PE at 200 which went to above 350 in just 5-10 mins. We update before market hours that the Market would be negative/unsteady until 11:55 which Market respected and we book profit in 34800 PE twice and 34900 PE. We also bought 34500 CE around 12:00 which also gave good profit....
understanding trades of banknifty future for 30.07.2021 (Friday).
BankNifty opened flat and start falling in the opening, It took support from the 34100 zones and we saw a good recovery in the second half. We have updated when it broke the falling line and we saw a good rise from 34275-34300 levels. Expectations for Tomorrow: Range-bound, Volatility after 1:00 PM. Intraday Levels: Buy Above 34600 Sell Below 34380 To motivate...
understanding trades of Bank nifty future for 29.07.2021 (Thursday Monthly expiry)
BankNifty opened with a minor gap-up, broke, and sustained above 35120 which was our buying level but after making high around 35185 we saw the rejection from upper range and it broke the 34870 which was our selling level and came towards our first target. As mentioned yesterday BN is showing weakness and Sell on rise would be the approach for...
understanding trades of banknifty future for 28.07.2021 (Wednesday).