Both Nifty and Bank Nifty started tumbling tumbling down at 9.30 AM. Bank Nifty closed at 24705.90 which is good for an up move.
Nifty Future closed at 10004.30 giving some solace to bulls for a close above 10000.
The index movement will be sideways for first half of session tomorrow and there after we can expect recovery.
This recovery could be around 60 points for Nifty and 180 points for Bank Nifty. Alternatively you can expect a rally upto 10060 & 24880 in NF and BNF respectively.
This expiry could possibly end around 24900 so that all Puts and below 24900 and Calls above 24800 are eroded fully.
Exercise caution when you trade in BNF as well as NF.
Nifty Support 9990//9841/9780 Resistance 10067/10087.
Bank Nifty Support 24578/23876 Resistance 24750/825.
Happy Trading!!
Hint for Trade: Buy puts when you find Nifty around 10070 and BNF arouund 24875.
Nifty Future closed at 10004.30 giving some solace to bulls for a close above 10000.
The index movement will be sideways for first half of session tomorrow and there after we can expect recovery.
This recovery could be around 60 points for Nifty and 180 points for Bank Nifty. Alternatively you can expect a rally upto 10060 & 24880 in NF and BNF respectively.
This expiry could possibly end around 24900 so that all Puts and below 24900 and Calls above 24800 are eroded fully.
Exercise caution when you trade in BNF as well as NF.
Nifty Support 9990//9841/9780 Resistance 10067/10087.
Bank Nifty Support 24578/23876 Resistance 24750/825.
Happy Trading!!
Hint for Trade: Buy puts when you find Nifty around 10070 and BNF arouund 24875.
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