Banknifty has shown resilience to FII selling, RBI announcement today seems to have altered the nature of market. However not much has changed we presume three possibilities around which a probable expiry day plan can be traced. A strangle of 33100CE and 32800 PE trading around 373 a pair seems a good bet to ride tomorrow . All the best
A stangle on both the side bounded by 33500 on lower end with 34000 on upper end is an estimated range, any overnight change must be looked upon with behavior on OI data
Watchout in nifty important levels for monday and coming week
Banknifty was range bound on Friday and resuming Monday it must choose a side- Bull or bear in any case we have our blacklines vigilant on both the sides
There's nothing more fearful than FOMO but hey dont worry if you missed on this one If the price of wipro retraces back to black line enter BUY and keep trailing profits .
We try to define tomorrow's expiry range
We defind bn expiry day range for tomorrow
the pair looks bullish with its aggresive rise with increased volume, We can see crossing of 73.80 in coming week.
If the bitcoin manages to close below the black line marked on 15 M time frame then its a great R:R entry point for short to take profit at the marked red line. All the best Follow me for more crypto views.
There can be bit of upside in banknifty but a good R:R for a SHORT entry is to be realized.
theres a better opportunity to let nifty pullback for a better R:R
Grab the Opportunity to sell the Stock again at the black line when we get the best entry point.
Apollo to be entered at black line and a SHORT position can be maintained all the way down to the lower black line.
The price seems to move in a range bound fashion for few days and a strong reaction on a parallel channel is a possibility where this shared idea realizes
When the stock behaves in a peculiar manner inconsistent with the trend and volatile range, it is thought be cooking something inside of it. And i see a very good entry point of shorting ICICI bank when the price reaches red line and rides all the way to the down with keeping
Banknifty is following a downward trajectory where the bias was clearly bearish in nature out of the data on wednesday. We expect it to expire within the above modest range considering three possibilities .
The kind of move we got today, reinforces the belief for a comfortable range bound expiry. I tried to be as moderate as possible to carve out the ranges. Lets watch tomorrow how we perform
We take three possibilities based on the type of opening. All expected to have same end result