Mkt is going to trade tomorrow jittery as it is expected that USA Fed is going to raise interest rates by 0.75% to combat inflation. This can happen after mkt hours tomorrow. But remember when all looks pessimistic, that is the time market may bottom out. If Fed raises rate by just 0.5% lot of short covering will happen and will lead to a quick upmove.
So donot carry any position overnight.
Trade light till USA Mkt stabilises.
Strategy for tomorrow
If Bank Nifty breaks 33170, same time you can buy one lot PE 33000 and if it sustain below 33170 for 5 min buy another lot PE 33000. So start counting time moment 33170 level is broken and take action.
Global mkts are showing we may have some bounce back but eventually mkt is with a downward bias.
Let this major event of Fed Rate Hike get over as fear factor is high.
Real impact will be seen tomorrow
Avoid over trading
Balance tips will be given in live market.
Nifty Spot View: 15/06/2022
Cmp: 15732.20
Support & Downside Range: 15659—15595—15445---15300
Resistance & Upside Range: 15806—15886—15979--16078
Short Term Trend Reversal Level:-- 16794
Trading View: Ahead of tonight's fed meet outcome key support to watch is 15659—15595 zone if we break this zone we may see immediate downside levels 15445—15300 whereas till 15659—15595 holds market may try to bounce back towards 15886 minimum to 15979—16078 levels, as per options writers point of view 15800 & 16000 call writers standing strong whereas downside 15600—15500 put writers standing strong so we may see small range 15600 to 15900 and bigger range 15500—16000 as per options data in next 2 days.
Make money using our Bank Nifty Trading Strategy for Tomorrow everyday.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
