1. red band indicates resistance n black support !
2. banknifty may c some profit booking at present levels ! diificult for it to move beyond 19500+ !
3. has lot of support going down also ! expiry not very far n budget near the moves could b wild !
safe to short the 19700 CE 23 feb at present rates !
dont sell the future pl !!
Sail has moved beyond the channel ! one should not be taking a buying view now as the move can b a whipsaw !!
sell at evry levels now!! one can safely sell the the stock on every rise or can short the feb 65CE@1.6...