Bank Nifty - Crash or Reversal
Bank Nifty is at crucial support level i.e. 31100--30900.
Break and sustain below 30900 will take it to 30200--29800 and then to 29000.
else , if unbale to break this support zone we can expect a sharp reversal in Bank Nifty.
Trading Strategy
-1x 25FEB2021 FUTURES - ₹ 31274.95
-2x 25FEB2021 29000PE - ₹ 391.4
Breakeven - 25943.0-32057.0
We are safe till 25950 downside.
Incase market went up so at 32000, we'll sell 33000 PE and buy 32000 PE.
Break and sustain below 30900 will take it to 30200--29800 and then to 29000.
else , if unbale to break this support zone we can expect a sharp reversal in Bank Nifty.
Trading Strategy
-1x 25FEB2021 FUTURES - ₹ 31274.95
-2x 25FEB2021 29000PE - ₹ 391.4
Breakeven - 25943.0-32057.0
We are safe till 25950 downside.
Incase market went up so at 32000, we'll sell 33000 PE and buy 32000 PE.
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