Bank nifty has been consolidating in a narrow range of 34093 to 36230 that is 6%, and if we look carefully there is a trendline from may 2020 which bank nifty respects and takes supports from, and in the past 10 days it has hit the upper poart of the channel that is 36230 on 7 occasions so we can expect a good move in bank nifty when it comes near to the trendline.
I hope nifty crossing 13600 be a false break out Hope nifty open below 13600
hope it breaks the trend line and has the good shorting opportunity
I'll short 13600 CE with stop loss with 10 points as stop-loss ill update the level I enter for 1st half only ill hold is trend line break as tomorrow the option otm will get zero
in the second half maybe there...
SHORT NIFTY 13700 CE OR 13650
if only nifty open flat or with small gap mean 10-20 points . hold as tomorrow is expiry all otm will get zero or book profits 1:3- 1: 4 trade plan
Mote you can only expect this type of trade plan only when there is an expiry . on normal days 1 : 2 is idle
Don't take trade if market open more than 20 point gap up if it open gap up...
I have given the bank nifty today morning before the market opens and I exactly mentioned to sell @ opening of market which exactly went my way .
Now here nifty has a down drift and oozing to sell with tight targets
Will post more updates on tomorrow’s forecast
Upper range 10100
Lower range 9800