Banknifty has given a good upside move from last two days. Now the next level comes near 37800, where range bound market can be observed in between 37800-37300.
1. Don't take trade till price approaches either 37100 or 37800. Try taking call of next expiry when price approaches 37100 sl 36850 target 37800
2. Try taking put position of next expiry near 37800 sl 37950 target will be updated
3. In between this range don't take any position, if u can't resist urself, then look to buy call options of next expiry on price action confirmation . My advice would be to take trade in given points. And avoid today's expiry trade.
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1. Don't take trade till price approaches either 37100 or 37800. Try taking call of next expiry when price approaches 37100 sl 36850 target 37800
2. Try taking put position of next expiry near 37800 sl 37950 target will be updated
3. In between this range don't take any position, if u can't resist urself, then look to buy call options of next expiry on price action confirmation . My advice would be to take trade in given points. And avoid today's expiry trade.
Do follow and give a like
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.