Markets will be opening on positive note Banking index will be doing better.
Strategy will be to Sell on rise and let volatility settle down due to expiry. This should be the trade pattern today. Have been saying about volatility everyday, and we are seeing sharp moves on both sides. Another interesting fearure is a sharp swing atounf 2.30. This is volatility for you.
#Nifty. The index is in a no trade zone between 17850 to 17980. Break on either side will give us a trending move.
#BankNifty. 41900 is a strong support and 42400 as resistance. Break on either side will give us close to 300 points swing.
#Derivative. Data is still in fovor of shorts, As per OI, longs can only be created above 18011 in Nifty futures for 18075.
#Nifty. The index is in a no trade zone between 17850 to 17980. Break on either side will give us a trending move.
#BankNifty. 41900 is a strong support and 42400 as resistance. Break on either side will give us close to 300 points swing.
#Derivative. Data is still in fovor of shorts, As per OI, longs can only be created above 18011 in Nifty futures for 18075.
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