Bank Nifty future tested 24727 as indicated in my posting and took a reverse from there. Nifty future could not sustain 10138.50 and fell sharply till 10072 and took a reversal and closed at 10137, one point short of my number 10138.50. This really matters when you watch market closely.
Tomorrow the market likely to move in a narrow range till 11.00 AM before it starts moving up to erode the Put Premiums. Make a smooth exit from short positions.
The trade till expiry does not look much encouraging. Do not be aggressive in the market till expiry.
Intra Day level Support Resistance
Nifty Future 10119/10065 10137/160/188
BNF 24842/814/726/642/548 24955/25028/104
Happy Trading!!
Today my 24800 PE trade call did not materialize because of Rs 0.80 difference. We do not regret as we always stick to our buy price and take position.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.