Hello Everybody,
Hope today everybody did well.
as seen bank nifty opened with a good gap-up,but hit back to its normal support and resistance range.
tomorrow again the sentiments are bearish as bears have a taken there seats with very narrow trading range.
The First Strong Resistance R1 is at 35000
R2 is 35500 much stronger than R1, hence it is the line hard...
AFTER A COUPLE OF DAYS A STRONG TREND WAS SEEN IN BANK NIFTY .
NOW A DAYS WRITERS ARE TAKING NARROW POSITIONS, SO THE MOMENT WILL BE SEEN 500-600 POINTS,
INDIA VIX HAS ROSE TO 21.6 FROM 20.74
AND PCR RATIO IS AGAIN IN ITS LOWEST 0.56.
EARLIER WHEN INDIA VIX WAS 22-21-20 THESE HAVE MANY TIMES SHOWN , A GOOD UPTREND IN BANK NIFTY , BUT NOW IT SEEMS, INDIAVIX 20-21...
