We have a good chance to hit All time high (ATH) today. Infact, today is the best day due to expiry. But a reversal can complicate things for the Bulls.
Remember that sitting on Cash does not mean idle money but used in option strategies, just not used in cash portfolio.
Any retracement can be sharp and swift so today is the day to be cautious. 1 or 2 trades and that's enough for thr day.
Check our daily bank nifty option tips and make money on a daily basis.
Nifty. Support is placed at 18750 and resistance at previous highs.
BankNifty. Support is placed at 43600 and resistance at 44300.
