Hapy Teachers' Day to everyone. Learning is always a 2 way street - all participants learn from each other which a community. I have always said that technical analysis is a charting interpretation of human nature. The latter is a tool and if we able to understand it, we can do better.
As said twice last week, markets are consolidating in a range and it is expected to continue this week as well. Mid Cap and small cap segments will continue to outperform creating a lot of buzz for the traders. Overall the trend looks bullish but there will be shake downs in between.
Nifty. Nifty has surprised the bears by holding 17500 levels so far which can break today. Support for the day comes in at 17400 and resistance at 17650.
BankNifty. Support is placed at 39000 and resistance at 40000. Incase we break 39000, we can see a swift move towards 38500.
Derivative. Data formation is not only weak but super weak. The expectation will be logical that we can see a deep breakdown, but we should understand that short positions are build in futures and not in options. So, we trade as per current options set u which suggets a trading range.
As said twice last week, markets are consolidating in a range and it is expected to continue this week as well. Mid Cap and small cap segments will continue to outperform creating a lot of buzz for the traders. Overall the trend looks bullish but there will be shake downs in between.
Nifty. Nifty has surprised the bears by holding 17500 levels so far which can break today. Support for the day comes in at 17400 and resistance at 17650.
BankNifty. Support is placed at 39000 and resistance at 40000. Incase we break 39000, we can see a swift move towards 38500.
Derivative. Data formation is not only weak but super weak. The expectation will be logical that we can see a deep breakdown, but we should understand that short positions are build in futures and not in options. So, we trade as per current options set u which suggets a trading range.
Use our Bank Nifty option tips on a daily basis and you will develop this habit of earning profit every day.
Expect a range day.
Expect a range day.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
