It could be a tricky week. Couple of days back, we shared that we can have a stoploss hunting day either on Monday or Tuesday. Overall the trend is bullish and we hit our targets of 17135. Now the next level is 17350/400 levels which should not be a problem.
Lot of members write to us about missing the rally. Pls understand the fact that there will be numerous opportunities to trade such swings. Now is not the time to enter longs on positional basis. We need a decent dip which will a chance to buy quality shares. Another important point is to focus on cash based stocks. The expansion ratio between large cap and midcaps should come down and there lies the opportunity.
Nifty. Support is placed at 17070 and resistance at 17350. This is the range which should hold.
BankNifty. Support is placed at 37100 to 36900 and resistance at 38000.
Derivative. Data is bullish on positional basis. Heavy long buildup in Index and Stock futures. But options suggest a tight range hence the setup for stoploss hunting.
Buy on dips and hold.
Trade intraday using our bank nifty option tips and make profit on a daily basis.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
