Yesterday I have posted about significance of 10482 which was last week high. Today Nifty could touch this number but could not close above this. If nifty closes above 10492 (Friday High) on hourly basis it will lead nifty to next level 10572/10603.
On bank nifty 25470 becomes a very critical resistance and 24250 acts as strong support.
Friday move of 250 points is a relief rally. I has not closed above previous week high. It indicates sideways move on Monday.
For Nifty 10316/261 are critical levels and for Bank Nifty 24678/24240 are critical levels.
The gap is very wide and you cannot CEs and PEs to perform or you cannot expect market to go one sided. It should be a side way move.
Keeep this in mind when you go for options trade during next week.
Happy trading!
No comments:
Post a Comment
Note: only a member of this blog may post a comment.