Bank nifty 29-05-2020
1) Predicting that bnf will make a 1000 point move upwards towards 19700.
2) 18400 is seen as strong support.
3) 19700 to 18300 must be the range
4) Hoping not 18400 if broken must be recovered within 30 minutes if not then next support at 18000
5) Significance of 18400 is that its max pain, seeing at max pain below it seems market seem to go down... but high chances this get reverse at market starts changing
18000 -141.14 18.3
18100 -133.21 10.37
18200 -127 4.16
18300 -123.85 1.01
18400 -122.84
18500 -123.77 -0.93
18600 -130.65 -7.81
18700 -139.07 -16.23
18800 -149.38 -26.54
6) Try writing 18400 around 78 add 98 add 118 add 148 n exit at 176 risk reward 0.5
7) If 78 doesnt catches up then manage risk reward of 0.5
8) Bank nifty if remains abov 18600 then also a critical support is formed.
9) For a big rally today high of 18874 must be taken out convincingly.... if taken out in opening must sustain...
1) Predicting that bnf will make a 1000 point move upwards towards 19700.
2) 18400 is seen as strong support.
3) 19700 to 18300 must be the range
4) Hoping not 18400 if broken must be recovered within 30 minutes if not then next support at 18000
5) Significance of 18400 is that its max pain, seeing at max pain below it seems market seem to go down... but high chances this get reverse at market starts changing
18000 -141.14 18.3
18100 -133.21 10.37
18200 -127 4.16
18300 -123.85 1.01
18400 -122.84
18500 -123.77 -0.93
18600 -130.65 -7.81
18700 -139.07 -16.23
18800 -149.38 -26.54
6) Try writing 18400 around 78 add 98 add 118 add 148 n exit at 176 risk reward 0.5
7) If 78 doesnt catches up then manage risk reward of 0.5
8) Bank nifty if remains abov 18600 then also a critical support is formed.
9) For a big rally today high of 18874 must be taken out convincingly.... if taken out in opening must sustain...