Banknifty opened up positive but couldn't sustain, it fell and came up again comple w shape move in intraday. Let the market break out or down then only take entry in trade. Educational purposes only.
Nifty again came in trading range. Opened high crossing the line above but failed to sustain, completely w shape move, losses for option writers, Wait ✋ till the range is break out on either side, Always wait for retest and then take entry. Education purposes only.
Banknifty looks slight bullish Sell if line crosses down tgt 39300 Buy if line crosses up tgt 40150 Global markets are down Can sell call of 41000CE Educational purposes only Comment if you have any doubts
Market is choppy, Trading is tight range. Sell when candle closes below tgt will be 17400 Buy above when crosses line above tgt will be 17900 Don't expect big rally or fall before this zone taken out on either side. Take Option short trades far from ATM premiums are high. For Educational purposes only