SgX is showing 250 points down. We don't think so it will open this low. This is high volatility and it can be troubling to small traders. Sometimes it will be US sometimes it will be Russia but its the capital of retail traders. Data buildup was much better than previous days and we are getting a gap down. To us, this gap down is a buying opportunity.
Nifty. Clear support at 17000 and then final support at 16800. Any drop to this level is a buying opportunity. A close above 17180 means all is well.
BankNifty. Clearly the weaker Index. MlI have shared my levels on Friday. BN below 38700 open a 1000 point downside.
Nifty. Clear support at 17000 and then final support at 16800. Any drop to this level is a buying opportunity. A close above 17180 means all is well.
BankNifty. Clearly the weaker Index. MlI have shared my levels on Friday. BN below 38700 open a 1000 point downside.
Remember to Make use of our Bank Nifty Option tips on a daily basis.
Derivative. On the face of it, data is better than other days. But there is lot of put buying in deep OTM strikes especially in Bank Nifty. So we won't trust any upmove as it will be used to sell
