Hi Traders,
I hope you all liked presentation on S & R zone for nifty and bank nifty posted yesterday as market respected our levels and took reversal from our marked levels on both sides.
Presenting View on Fin Nifty ( please note these are not trade recommendations). Fin nifty looks mildly weak with 19320-340 levels acting as resistance if market breaks 19400 levels in first 30-45 mints of trading we can look to go long with upside of 40-60-100 points .
On downside fin nifty if it breaks levels if 19270-250 we can see a downfall to 19200 levels and 50 lil more below till 19150.
Trade with caution, expiry are lucrative given how cheap premium become but most retail players loose money on expiry due to overtrading and greed.
I hope you all liked presentation on S & R zone for nifty and bank nifty posted yesterday as market respected our levels and took reversal from our marked levels on both sides.
Presenting View on Fin Nifty ( please note these are not trade recommendations). Fin nifty looks mildly weak with 19320-340 levels acting as resistance if market breaks 19400 levels in first 30-45 mints of trading we can look to go long with upside of 40-60-100 points .
On downside fin nifty if it breaks levels if 19270-250 we can see a downfall to 19200 levels and 50 lil more below till 19150.
Trade with caution, expiry are lucrative given how cheap premium become but most retail players loose money on expiry due to overtrading and greed.