SBIN 29th JUNE-1x 29JUN2023 600CE - ₹ 3.65
+1x 29JUN2023 620CE - ₹ 1.15
Prob. of Profit- 81.88%
Max. Profit-₹ +3,750(7.34%)
Required Margin -- ₹ +51,084
PCR-0.60
At the 600 strike level, 14,580,000 of OI which is the highest CALL selling
There was a 2,499,000 OI change.
577 is a crucial level for SBIN, but as the candles are getting smaller in size 1Hr time frame, this could be a sign of trend change, but still, the sellers are in charge.
Trendtrade
Bank Nifty Futures Levels For 31st May 2023Will explain in detail to all those following what are these lines in different colors and how price reacts. Also how prices get tagged on the dotted lines. But first it is important to observe the behavior of price on the Charts being published by me.
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
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