After the Fed meeting and decision to increase rates, the US markets witnessed volatility. Indian indices opened lower but staged a recovery in the initial 30 minutes. However strong buying support is likely to come in near 17500-17400 zones only and it may be worthwhile to take a short side trade near to 17720-17760 keeping a stop loss of 17830 and looking for...
For the last 2 days, we see Bank Nifty opening with a Gap down and giving a sideways price action. Being a monthly expiry tomorrow, we may see some volatility during the second half. We could see 34000 is key resistance and 32000 is support. So look for big moves happening above or below it. Happy expiry!
Nifty has reversed from its long-term support levels and has been overstretched ever since.
Positionally, NIFTY is in a BULLISH pre-budget rally and on its way to retest/break an all-time high again. Since reversal nifty climbed 790 points and went sideways for a few. Since FII is buying in cash another 790 point rally targets 18100 zones which can be a good...
Bank Nifty Trade Plan for 18th Nov 2021 - Weekly Expiry
As I posted in my previous ideas, BN is showing weakness and it has changed its trend from Bullish to Bearish. Expecting market to touch 36000 in the upcoming sessions.
For tomorrow the levels you can see in the Chart.
If Opens Gap down we can see more selling pressure and more volatile market tomorrow...
BankNifty Expiry seems interesting tomorrow.
Expecting sideways action for 1st half and second half might show Breakout / Breakdown.
For chart pattern, explained in above chart.
Today nifty almost Trade in a Range ,
which again gives us a good trade setup.
Mark the range and Trade on that.
15000 is important psychological level on uper side.
Scalping level mention on chart.
Yesterday, we entered into a trade for tomorrow's expiry. We also discussed about the presence of strong resistance around 14650 to 14660 levels for Nifty50, that is where we have observed some correction or reversal. Our trade for Sell 14800CE is intact, while we have shifted the short position of 14150PE to 14250PE which is a safe bet.
