Trading in options is all about entry and exit at right time and that is why the least time you stay in market means that you will get more profit.
We had a superb last trading week. This week would be entirely different. The point is to focus on what is in front of you, ignore the noise. Net flow will continue on results, Adani group, policy but for a trader, the only important point should be events on the screen, set ups and opportunities.
Make money using our
Nifty and Bank Nifty Tips on a daily basis.
Nifty. The range for the week should be 17650 to 18050. Any dip towards 17700 is a buying opportunity with stoploss of 17660. It is clear buy on dips. You can execute short on breaking below 17600 level.
Promoters across Adani Group companies have prepaid $1.1 billion, or about Rs 9,000 crore, in borrowings ahead of its maturity in September 2024. This news is positive for Adaniport.
Adani can execute a short squeeze any time but when and at what price is not known. Short sellers can be trapped by him in a systematic plan. Thus trade with position sizing and avoid going overboard.
BankNifty. Looks super bullish. The best part is that the bottom is in place at 39500. The index looks good for 42000+ levels and any dip is a buying opportunity. Support is placed at 40850. Resistance is placed at 42200.
Effectively morning session bank nifty will outperform nifty index.