Hello Folks, we saw a freak trade in Bank Nifty Options Trading today morning. This was the Bank Nifty 40,000 Call Option of 21 Oct 2021 expiry, which is the Thursday this week. See the day high. It was 1200! But Bank Nifty did not even go near 41,000 today. The day high in bank […]
This is the 15 min chart of Bank Nifty. Price is making new highs but momentum is not supporting, so we should take profits on long positions and reduce long positions to one-third or one-fourth. We have been long on Bank Nifty Futures from 21,300 and now the futures are at 21,900. So we have […]
Nifty Futures are safe for long positions above 11,800 for Target 12,500. Below 11,800 we can see rapid weakness and selling pressure till 11,300.