MARKET VIEW 29/5/2017
Better not to try options till the time discount in BNF and nifty is corrected. otherwise one will lose money heavily on options.
Nifty Futures closed at 9569. The day witnessed a high of 9585 and close is very near to day high.
Bank Nifty future has closed at 23245.
Both Nifty and BNF recovered smartly during the last 2 trading sessions.
Technically both BNF and NF are very bullish. There could be sideways movement till the time the discount in nifty future and bnf gets corrected.
BNF has resistance at 23461 and support at 23238-173-100-22980.
Better not to try options till the time discount in BNF and nifty is corrected. otherwise one will lose money heavily on options.
Happy Trading
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