Today Nifty future and Bank Nifty future opened with a gap up but in few minutes started shedding the gains. But both managed to retain the gains. The trading session during the day was very narrow not giving any opportunity for option writers to make money.
Those looking for positional trade in Nifty Future and BNF must wait for 9982/24480 to cross on a daily basis for target of 10480/25975 respectively.
Intra Day levels
Support Resistance
Nifty 9863/9805/9788 9881/ 9910
Bank Nifty 24063/23945/938 24219/267/344
For Option Trade: Puts have already slipped from Buy mode. Calls are coming up and it will take 3-4 trading sessions for CEs to shine. Puts have to form a new bottom before CE goes into buy mode. This is a no trend zone.
Happy Trading.
Those looking for positional trade in Nifty Future and BNF must wait for 9982/24480 to cross on a daily basis for target of 10480/25975 respectively.
Intra Day levels
Support Resistance
Nifty 9863/9805/9788 9881/ 9910
Bank Nifty 24063/23945/938 24219/267/344
For Option Trade: Puts have already slipped from Buy mode. Calls are coming up and it will take 3-4 trading sessions for CEs to shine. Puts have to form a new bottom before CE goes into buy mode. This is a no trend zone.
Happy Trading.
Thank you very much Sir.
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