Will IT & Banking Stocks Over Perform Today?

Today is the start of a new weekly expiry and looks like it will be with a bang. There's a concept of buy on lows and oversold positions. This is exactly what has happened in US markets. Data center in negative but the comments were positive. This rally is a short lived rally so don't try to jump in at the opening. It should give some dip during the day and that will be the buying levels.

Our suggestion to everyone is focus on what you can do better, doesn't matter what others are doing. If you want to survive longer and be  profitable, remove the trading noise around you. Here comes in Focus our daily Bank Nifty option tips for tomorrow which gets you Profit on a daily basis

Nifty. Assuming an opening above 300 points, support should come in at 17180 levels and resistance is placed at 17435.

BankNifty. Should be the star of the day. Expect 39500 today. Support at 38600 and resistance st 39800.

Note - Whenever banks and IT outperform, we have a trend day. Bullish day expected.

Derivative. The Rule of 68 worked perfectly with US and Indian markets. The data buildup is short. Last week, Clients list big money and this week should be Algo traders and Clients.

Perfect day for scalpers and they must use of our Bank Nifty option tips for today and profit will be all yours.