Is Markets Closing at Day Low a Danger for Next Day Opening?

It feels really good when we get messages for thanks for the trades. Your gratitude is a blessing for us. If this joint effort is creating wealth for everyone, our job is done. But there is lot more to do. Many of you still have to learn that consistent profits are best result. This is what every trader wants. No trader wants big but rare profits. Everyone wants consistency. You can use our Bank Nifty option tips for consistent results 

Global markets are volatile and are expected to be volatile in the near future. Most of them closed at day lows and so was the closing of our markets. It is not about data but about the trend and risk reward.

Nifty. The trade is clear for the day. It's clear sell on rise. The levels are also clear. If we get Nifty above or near 17450, we create intraday and Positional shorts. Incase we break yesterday lows after going up, we short. Resistance is placed at 17450 and support at 17200.

BankNifty. The same concept of Nifty is to be applied to Bank Nifty. The levels are clear. Sell around 39700/600 and support will come at 38500 for the day. Overall target for the week is 37000.

#lDerivative. Data is neutral. It was bearish at the start of the day but has improved with the Index. Overall data doesn't give a trend.