At last we broke 17600 on closing basis. This was the level which was holding since the last 3 months. Now, as a trader, we should not have any bias but be watchful with open mind and trade only when we have a trend on either side.
Normally, after a big fall day, next day is subdued but today is expiry. Hence, volatility will play it's part.
Nifty. Support is placed at 17440 and resistance at 17780.
BankNifty. Support is placed at 39720 and resistance is placed at 40400.
Derivative. Data is very weak. FII creating net shorts worth 30000 on the last day of expiry is a concern for the expiry and also next month.
5lac put longs + 1.1 lac index fut shorts are a big pain point.
Day to stay away from the markets.
Wanna make money effortlessly than check our bank nifty option tips and be a smart trader.
