20890 has acted as a very good resistance, and Nifty took support at 20860. There will be a gamma blast at 20860 and below. So taking a short position, and since I'm expecting a vigorous move buying puts.
BNF had a sell-off in the morning, and there was some recovery later. Then, we can see a resistance being formed at 46900, and there can be a sell-off again. BNF can reach 46800 and 46700 if the same continues. But if its sustains above 46950 there can be bullishness.
The market is range-bound today. Since the market is in an uptrend, selling puts is one of the worst things that can be done. I think I can go long and wait till BNF hits 47100 with SL being 46800. The trade is a bit risky, however.
The market made a significant up move. But it lacks strength and momentum for further up moves. Any move will be slow; the market will be sideways from 67350 to 67520. There can be gamma bursts on either side. My view is sideways to bullish till 67520.
Today's market had a clear direction in the first hour, but now the market is a little bit risky. Those who made money in the morning should opt out of trading entirely. However, the market might be sideways to bearish until 2 PM. Since today is the monthly expiry, its better to sell OTMs on a spike (44200 and 44700 with proper risk to reward). There can be a...
Banks fell badly (especially SBIN & SBI Card) after the new RBI card rules, which was a drastic reaction. SBIN seems to have formed strong support at 550. I expect SBI to hit at least 600 before falling.
Banks fell badly (especially SBIN & SBI Card) after the new RBI card rules, which was a drastic reaction. NSE:SBICARD is currently in the accumulation phase after creating strong support at 730. Once the level is broken i.e. 750, I expect a big up move.
This trade is mostly for scalpers and intraday players. Levels are marked on the chart, which represents buy/sell. Today, Crude Oil has formed a bullish trend. So, I'm with this trend and going long till 6390 (+-10) is hit. Also, buy on dip seems like a good option.
Bank Nifty has been weak in the past few days and is underperforming. Today, the 9:30 candle created a firm support. Marked levels can act as suitable targets for BNF to reach today. There can be a huge gamma blast if BNF crosses 44160. 44272 can be an achievable target for BNF. ~44400 is the last known resistance, which made BNF move down close to 1000 points.