33985.70 is the level, above this bnf will be bullish. buy future or ATM calls safe traders short put. CMP 33978
33597.55 is the level, sustaining below this bank nifty will go down. short future or buy ATM options.
35188.50 is the level. 15 min closing below it will go for short. don't buy full quantity at one go buy 50% then another if comes for a retest. Buy 35000 PE 18 Feb. or short future.
35707.75 is the level. Short triggered below this but it was a huge gap down hence keep the quantity low. Keep target at least 35050. Sl 50 percent of the premium paid.
35050.10 is the level . If 15 min candle closes below this level only then short bank nifty for 300 to 400 points. short call or future . IV is high hence premiums are expensive.
1267.60 is the level below it short for at least 15 points. If you have missed you can average it at 1267.60 if comes for a retest. keep SL as per your target like if capturing 15 points profit keep SL of at least 15 points.
36791.45 is the level. 15 min closing below it will cause downside momentum. Keep eye on the upper side trend line and short calls above that strike . . See Bank nifty is trading in a range only. The majority of the time expiry makes a Doji candle giving money to option sellers only. Down - UP -Down. or Up - Down -Up.
37081.60 is the level. Sustaining below it will cause 300-400 point downward movement. Keep eye on 36900 pe 18 Feb or safe can short future'.
35913.35 is the level .. short below it.. for target of 400-500 points.
15119.25 is the level , above it will cause upside momentum of at least 50-70 points. 15100 ce 11 Feb @132 and future @15125-30. Sl 50% of premium paid
35062.10 is the level . buy 11 feb 35300 @ 412 (small quantity) or future positional @35130 or short 35000 pe 11 feb
34307 is the level sustaining below this or 15 min candle close below it will cause some downward momentum of 200 points. Short future or call.
31037 is the level. Sustaining below it will cause 300-400 -point downward movement, Short some quantity and wait for a retracement to short more if sustains below 31037.
See here I have made major support and resistance lines in a 1 hr Chart for Nifty. As you can see 14347 to 14443 (86 Points ) zone is a painful one. Markets can be very volatile in this range hence for this zone best will be to use an option hedging strategy, do not take a directional view in this range. Also, keep an eye on the support trendlines near closing i.e...
31985 is the level sustaining below itbwill cause downside of 300-400 Today.. Short some quantity and wait for retracement to short more.
Sustaining above 32145 will cause upside momentum. The best is to sell puts. Buy future also a few lots. keep the target of 150 points at least.
32117 is level good level . Below it short for target of 200 points below. Short if 15 minutes candle close below this level . As it has already been closed and moved good.
32442 was level to watch and 15 min candle close below it triggered short trade after the 2nd candle. I generally trade this setup for 400 to 500 points. Target will be minimum 32000. If missed wait for retracement till 32315. Otherwise, take very small quantity. I am traveling hence missed giving it. The final target would be 31950.