Hello,
Intraday Supply Zone: 30900-31110
Intraday Support @ 30550-30600 and 30110-30210
On Friday BNF closed below its major demand zone.( My yesterday STBT position in the comment section.). If it will sustain below its major supply zone @ 30900-31120 then I will short OTM call options. In intraday, once it will sustain below 30600-30550 then I will short Fut....
Hello,
Bank Nifty Weekly Demand Zones:
30450-30500 & 30150 & 30820-30900 & 29600-29670.
Bank Nifty Weekly Supply Zones:
30900-31120 & 31450-31650 & 31900-32100
BNF may give a strong downside moment once it will sustain below 30500. I will be bullish once it will sustain above 31560 in this week.
As discussed Bank NIfty made a high 31486 against our projection of 31411. It broke decision range and I updated live that all hell will break loose below 31286. It did and call sellers and put buyers made good money. Overall everyone made tons of money all day.
Decision Range
30934-31096
Support for the day
30602
Resistance for the day
31259
Expectations...
Bullish above 31260 for the targets 31380, 31520, 31660, 31940, 32140 and 32300. Bearish below 31140 for the targets 31020, 30860, 30700, 30540, 30400 and 30220.
WITHOUT UNDERSTANDING BUYING VS SELLING IT WILL BE VERY HARD TO PREDICT THE LARGE MOVES EARLY
Even if you not traded any Option strategy - The Time Decay on the expiry day helps you to win.
I am not telling something new here, you have to understand how the Underlying volume is distributed among the UPTICK and DOWN TICK
Selling pressure continued in Bank Nifty?...
Sustaining 30780 - 30820 will make the price to move towards 30880, 30960, 31120 and 31380. Bearish if it breaks the level 30600 - 30640 for the targets 30520, 30400, 30260 and 30080.
Sustaining 29860 - 29900 will push the price towards 30000, 30120, 30240, 30400, 30620 and 30840. Bearish below 29800 for the targets 29720, 29600, 29440, 29300 and 29080.
Bullish above 31480 for the targets 31600, 31720, 31860, 31980, 32120 and 32460. Bearish below 31420 for the targets 31300, 31140, 31000,
30820, 30800, 30660 and 30520.
Bullish as long as price sustains 31960 - 32000 level for the targets 32200, 32360, 32480, 32620, 32780, 32900 and 33120. Bearish below 31900 for the targets 31720, 31600, 31440, 31300 and 31080.
Bullish above 31580 for the targets 31720, 31860, 31990, 32120, 32260, 32440 and 32600. Bearish below 31440 for the targets 31300, 31120, 31000, 30800, 30660 and 30500.
Bang On Labels:- BN 17th Feb’20 BNTrading on Telegram
The BN opened (Open:- 31281, High:- 31436, Low:- 309766, Close:-30,861) in our pivot zone (31280-31360), as it opened in pivot/indecision zone, there was no trade, once above 31360 it’s was a buy and the price retraced back to pivot, we closed our long position. Once BN went below 31260, we were short on the...
Key Levels for NIFTY BANK Search >>> OPTIONSCALLFREE on Telegram for more updates
Upper Breakout~30960
First Target~31120
Interim Resistance~31245
Final Resistance~31390
**Lower Levels**
Lower Breakout~30770
First Target~30620
Interim Support~30470
Final Support~30330
Please trade with caution and consult your financial adviser before trading.
Facing a stiff resistance that has its origin in 2008 Highs.
Must cross above for a steady bull run, else a break below immediate support as depicted by Blue Line can be quite negative for the Index.
As discussed Bank Nifty opened right at resistance and broke support of the day quite easily. 31300 PE hit 100+ 31400 PE hit 200+ , anyone who shorted today via futures, options made good money. Put buyers broke the cycle of misfortune today and made tons of money.
Decision range
31291-31411
Support for the day
31057
Resistance for the day
31520...
BANKNIFTY
