Bragging Rights ! It's good on some occasions as it helps maintain levels of motivation and discipline. Coming few days should be all about Bragging rights. Nifty gave a reversal in the last hour and now an expected gap down. We need to see, if this drop in markets gets some follow through. If we get it, then VWAP + Pivot levels of 17810 should be a reality.
Nifty. Support should come in at 17850 and then 17780. Resistance is placed at 18040.
BankNifty. It's back in the range! Now support is placed at 41200 and 40800. Resistance is placed at 41850.
All are spot levels. Also remember
1. Markets are opened by amateurs and closed by professionals.
2. Never trade without analysis and conviction.
Happy hunting !!!
Trade accurately using our bank nifty option tips on a daily basis.
