Banknifty if going to hit 40k soon. And this Scrip will be impossible to trade after that. Volatility will be high. Option premium will be high. Minority traders with low capital might get in trouble to trade in this index. If you want proof you can go and check MRF stock how it moves .. you will find more wild move in Banknifty at that rate.
Everything has been Mentioned in the chart Try to use your own analysis happy trading
All details on chart For educational purpose only
All levels and Targets on chart. Premium consumption will be high.. So book your profits as early as possible. Disclaimer: Educational purpose only
Levels and targets provided on chart. Disclaimer : Educational Purpose only
Support and resistance levels on chart
In a longer time frame Both indices are still weak and in a negative trend.. As always on the day of Budget expecting a volatile market on Monday. Both indices close to 0.786 retracement .. Do not trade on Monday or plan a spread Buy ATM CE and PE at once and make sure both the Strike prices are really close to each other (5-20 point variation is the max) If...
levels are mentioned on chart ... this is just my analysis .... just educational purpose ... not to take trade before analyzing.....