Friday saw the biggest volatility and bank nifty futures moved from 25270 to 25650 in no time and again came down sharply down The last 30 minutes again saw a very big up move.
The up move in Nifty future was also very fast and after touching 10287, it bounced back like a tennis ball.
Please mind that these volatile moves are benefiting only big players who can keep positions open on both sides with heavy margin and book profits. They are market makers or market movers.
It is better to stay away from such movements. Avoid temptations. Focus on protecting your capital rather than regretting such risky trades.
Monday could be a day with gap up opening both in Nifty and Bank Nifty A stiff resistance is seen at 10380 and 25695 in Nifty and Bank Nifty respectively.
A firm close above 10345 indicates move towards 10400/450/490. Similarly Bank Nifty Spot must close above 24700 for a further move towards 26000/200/500.
Keep minimum target in nifty and bank nifty and book profits. Do not aim at big moves above 26000 in Bank nifty and 10450 and above in nifty.
I will intimate the same before it happens. Till then it is all sideways market keeping both Put and Call active till next week end.
Happy Trading!
Sir, Current PCR value is 0.87and am observing since few days it is reducing the PCR values continuously and entered from green zone to red and recording low to lower low. It seems Nifty entered in its - ve zone. 10291 - 10274 may be its low point on most day itself as per the IV is also low.
ReplyDeleteSir please read Monday instead of most day
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