Nifty recovered at 11391 as per my previous post. Of course Bank nifty overreacted and reached 27138.
The total fall is 1000 points in bank nifty and 360 in nifty. A pull back rally is likely on Thursday which will take nifty above 11500 levels. Remember, the worst is not over yet. Unless 11620 is crossed on a daily close basis, the trend is bearish. For bank nifty the number is 28016.
Clue for expiry trade. Try 27500 CE around 15 -18 for multiple returns. Sl 50% and Tr 100+.
Best of Luck!
The total fall is 1000 points in bank nifty and 360 in nifty. A pull back rally is likely on Thursday which will take nifty above 11500 levels. Remember, the worst is not over yet. Unless 11620 is crossed on a daily close basis, the trend is bearish. For bank nifty the number is 28016.
Clue for expiry trade. Try 27500 CE around 15 -18 for multiple returns. Sl 50% and Tr 100+.
Best of Luck!
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