You are trading options and want to know the best strategy for tomorrow. Here are some tips on how to use your knowledge of the Bank Nifty trend and resistance levels to predict future prices.
USA Inflation Hits 40 Years High: Impact on Markets - Indian Markets to gap down by approx 300 points.
Certain scenarios are playing as of now. If Nifty opens below 16000 and stays there for an hour or so, expect lower levels till 15800 or even below.
Bank Nifty Option Tips for Tomorrow
Bank Nifty will be opening weak and can fall up to 1000 Points intraday.
If Nifty opens around 16000 and stays around it, then wait for either 15940 to be broken or 16160 to be broken.
Overall the structure is very weak and I have been saying that for the last 1 month or so....The correction is not complete, final leg is left. You must know that the last leg of either a bull run or a bear run is the most vicious. It is fast and tries to pull everyone to participate.
The retail trading mindset is not equipped to handle such high volatility and swings....so stay away and simply watch.
Don't try to jump in.
If still wanna trade the. Use our Bank Nifty option tips for tomorrow and trade with a good risk-reward with limited risk and get a good profit in less than 2 hours.
