Keeping in line with the major world indices. Nifty took resistance from the 50% levels which in retrospect is better than FTSE which struggled at 38% levels for long. I have bought CE options since the from the trendline upside is expected.
If trendline gets breached then SHORT trades will become active - profit booking zone is marked in charts for both size...
Key Levels are shared in the charts for the bank Nifty as per static data, which levels become important will be determined by dynamic option chain data in the week.
#Banknifty #Nifty
