Nifty seems little stretched as of now. Sell if it breaks the rising wedge
Safe traders can sell below 15730 with SL of 15760-15770
P.S. - Above view for Intraday only
Bank NIfty CMP 32735
Upper side
if it breaks 32800
First target - 33000 (easily break 33000 small resistance)
Second target - 33250
Lower side
if it breaks 32600
First target - 32400
Second target- 32150 (Strong Support)if it breaks
Last and Final target - 31900/31800
I couldn't post analysis for Friday but shared levels in both Free and Premium Trading Rooms, As per the analysis BankNifty traded in a range for the whole day, and Option Buyers didn't get much opportunity.
Trades we took today:
> Bought BankNifty Fut at 33410 and booked 3375 per lot profit
> Sold Bergepaint800 CE at 18.15 and booked 2200 per lot profit
> Sold...
As analyzed BankNifty made a low in the first 15 mins and gave a Trending move on the upside. As per set-up we got the Buying trade in the second half and met all the targets.
Trades we took today:
> Bought SBI Bank at 357.5, gave great profit
> Bought ICICIPru at 420, gave great profit
> Bought BankNifty Futures at 33570 and booked around 33720 which is 7500 per...
