Nifty Future recovered from a low of 10018 to 10124 and closed at 10111. Bank Nifty also recovered from low of 24698 to 24995 and closed at 24958.
The bearish trend could last for just two days and both the index moved again in to the bull territory. Hope this will give relief to investors.
But today the low made in Nifty future and BNF was a opening punch. One can expect both the index to revisit this number 10018 and 24698 anytime during next week. Do not short the market at that time and wait for long position.
Nifty Support 10108/10075/10036 Resistance 10136
BNF Support 24790/726//623 Resistance 24996/25060/163/216
Tips for Trade: BNF is at 130 premium. The calls will definitely shed premium. Try to Buy 24800 CE at 80.00 when it reverses from bottom for big gains.
Wish you Good Luck!
Sir,
ReplyDeleteI could not exit from BNF 24800 PE. 31Aug. Any suggestions please.
You must place SL order once buy order ID executed. Keep 264 as exit price.
ReplyDeleteOk sir. Thankyou
ReplyDelete