NSE:BANKNIFTY1! BANKNIFTY INDEX FUTURES
SCENARIO 1 : AT 32160 WE SEE A STRONG SUPPORT AND BUYERS AREA, IF IT BREAK THEN BUYERS LOOSE THEIR STRENGTH AND BUYERS BECOME STRONG, SO IT GET ITS NEXT SUPPORT AT 32920
SCENARIO 2 : IF THE BUYERS PUSH ABOVE 32372 THEN SELLERS LOOSE THE STRENGTH SO THE BUYERS BECOME STRONG. 32575 IS ITS FIRST RESISTANCE AND 32775 IS ITS SECOND RESISTANCE
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The important levels for option writers are
1. For safe traders 31300 & 33300.
2. For moderate traders 31700 & 31900,
3. for professionals 30830 & 31830
This is only for educational purpose please contact your financial advisor before investing your hard earned money.
My sincere thanks to my Masters trading panthulu, day trader Telugu and Nayan pokharkar.