We can keep the fingers crossed and hope that the level of 14427 is maintained on Monday which happens to be a key support level as any break on Monday of this level opens the gate for the next leg of the wave correction. All know that today's fall in Nifty was caused due to Biden's direction of attacks on Syria. Have a look at the chart below to understand the same with Retracement and Harmonic pattern and likely projections for the index.
The Break in Nifty 14427 can lead to support at 14333 level and 14000 and break of 14000 means Nifty will find support at 13400 level.
According to pivot charts, the key support levels for the Nifty are placed at 14,358, followed by 14,187.
If the index moves up, the key resistance levels to watch out for are 14,810 and 15,091
Overall trend is bearish in Nifty and Bank Nifty.
With us you need not worry as we take care of all kinds of global activities and this is the reason we had bought put today in Bank Nifty and our clients using the Bank Nifty option tips got more than 500 points in a single tip for the day. The 500 point per lot today translates into a profit of Rs 500*25=12500. Just remember that this profit was achieved on the capital of less than Rs 10000 as this is the only capital which is required for trading in the Bank Nifty option and no tension of any reduction in margin.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
