Bank Nifty future may trade between 24200 and 25000.
Today weekly expiry, as usual Bank Nifty is likely to be very volatile.
Yesterday it was up 500, then down 700, then up 600.
SGX nifty indicates mild gap down opening.
Markets may not fall much as FIIs pump in huge amount of money everyday.
Bank Nifty can touch the recent high of 25200, if the positive sentiment continue in Banking stocks.
There is no announcement of Stimulus so far.Negotiations seems to be going on.
India vix high.So always trade with cautious view.
Us market trading lower.
Above 24900 Bnf may go 25200 and below 24460 .....24200/23800 possible.
My sense is Bnf may consolidate in the range between 24460-24900.
Tight range 24700-24900
Scalping is the best strategy with smaller profits.
Today weekly expiry, as usual Bank Nifty is likely to be very volatile.
Yesterday it was up 500, then down 700, then up 600.
SGX nifty indicates mild gap down opening.
Markets may not fall much as FIIs pump in huge amount of money everyday.
Bank Nifty can touch the recent high of 25200, if the positive sentiment continue in Banking stocks.
There is no announcement of Stimulus so far.Negotiations seems to be going on.
India vix high.So always trade with cautious view.
Us market trading lower.
Above 24900 Bnf may go 25200 and below 24460 .....24200/23800 possible.
My sense is Bnf may consolidate in the range between 24460-24900.
Tight range 24700-24900
Scalping is the best strategy with smaller profits.
Note
Looking bullish may go 24760/24880.dont shortNote
24460 buying zoneif breaks 24460 downfall possible.
Note
short bnf with tight sl 24512Note
tgt 24330/24200Note
made a low 24390
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.