Through this post, we will update you about bank nifty and its nifty future which will help you to plan your day in a better way.
It was a good trading day in Live trading yesterday. Did 1 option trade in Nifty and Bank Nifty and all were profitable? Now many of you would have realized the need for a trading mentor and the benefits of learning. Coming to markets,
The fall was a little deeper than expected. 18250 is a very strong resistance on the upside. Below 18000, there are many resistance levels. We would look at the support range of 17900 to 17880. Another important point is that the overall volumes on the higher side. Need to be cautious today due to expiry.
BankNifty is showing clear sign of tiredness. IT so happens that the momentum build before expiry accelerates on the expiry day. Support in Bank Nifty comes in at 42750 and resistance at 43450.
Derivative data is very weak and now positions are directionally weak and on the sell side. Options data indicates a decent dip intraday.
The fall was a little deeper than expected. 18250 is a very strong resistance on the upside. Below 18000, there are many resistance levels. We would look at the support range of 17900 to 17880. Another important point is that the overall volumes on the higher side. Need to be cautious today due to expiry.
BankNifty is showing clear sign of tiredness. IT so happens that the momentum build before expiry accelerates on the expiry day. Support in Bank Nifty comes in at 42750 and resistance at 43450.
Derivative data is very weak and now positions are directionally weak and on the sell side. Options data indicates a decent dip intraday.
Nifty January futures ended at 18,102.95, a discount of 214.35 points. Nifty January futures fell 1.76% and 3,853 shares in Open Interest.
Nifty Bank January futures ended at 43,150, a discount of 459.30 points.
Nifty Bank January futures rose 2.23% and 2,046 shares in Open Interest.
Securities added to the ban period: Nil
Securities removed from the ban period: Nil
Make money using our bank nifty future tips which get you daily profit. Trade with a small capital of Rs 5000-10000 as we trade options.
