Bank Nifty trade plan for 3rdMarch
1. Markets are pretty much controlled by world markets and war events with very high volatility. Therefore for option buyers best to follow the big candle moves and avoid the volatile zone where price hovers make premium decay
2. Price will see resistance at 35600/35700 zone which I see no trade zone and I will want to wait to see this zone broken
3. If the price breaks 35700 then we can see direction rally move up to 35800/900 zones. Obviously, it takes pullback then support and move, if one misses a move, good to wait for a pullback instead of straightaway entering after a big candle
4. Price may take support at 35400/300 level and move up. Many a time when the market makes a direction move, it first gives 1-2 red candles and then moves up. After 9.30/9.40 will be good to read the market direction.
1. Markets are pretty much controlled by world markets and war events with very high volatility. Therefore for option buyers best to follow the big candle moves and avoid the volatile zone where price hovers make premium decay
2. Price will see resistance at 35600/35700 zone which I see no trade zone and I will want to wait to see this zone broken
3. If the price breaks 35700 then we can see direction rally move up to 35800/900 zones. Obviously, it takes pullback then support and move, if one misses a move, good to wait for a pullback instead of straightaway entering after a big candle
4. Price may take support at 35400/300 level and move up. Many a time when the market makes a direction move, it first gives 1-2 red candles and then moves up. After 9.30/9.40 will be good to read the market direction.