We are of the opinion that Nifty & Bank Nifty will touch previous highs, will retrace a bit and then the upward journey will commence.
Options data are holding out for some possible gains. Last week the PCR in the Nifty was largely negative but climbed above 1 by Friday as put shorts came in. So, the mood here has shifted from limited upside (last week) to bullish (this week). The data pegs the support to be at 18,000 levels and short-term players can have their trend-tripping point placed over there.
The positioning seems more aggressive in Bank Nifty where the 42,000 strike carries a whole lot of positions, making that a pivotal price for the week ahead. It is better to keep 41,500 as the trip-up point to be on the safer side, for short-term traders. In the Bank Nifty to the PCR is at 1.15, showing put shorting activity.
Do remember to check our Bank Nifty Prediction for Monday and start making money on a daily basis. Bank nifty option tips and bank nifty futures tips services are available at the most affordable rates. We provide you with low risk high reward trading calls in bank nifty options. Our banknifty tips will help you to make money from the markets. These are premium intraday calls in bank nifty that can be traded in cash or future by keeping very strict stop loss . Subscribe to our bank nifty option tips and bank nifty futures tips and increase your trading profits
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
