Banknifty has taken support of D200 EMA on 30 minutes. Price and action indicating a price reversal from here. If i talk about other indicator like:- 1. MACD:- it has already given a positive crossover. 2. RSI:- it is now trading in between 50-55, which is a bullish indication. 3. VWAP:- it is also below the current price, means vwap also giving positive sign...
Bank nifty is looking neutral to short side at this point but as this is expiry day either side from current level can give a huge momentum so below 42200 if banknifty sustain then we can see downlevels from here, and if nifty crosses 42400 levels and got sustain till one hour then 42650+ levels is going to see on chart. so as of now we can go in strangles:- It is...