Bank Nifty Levels & My Trade Plan
As per our analysis of 06 June, we opened gap down and traded sideways for the whole session.
This is bank nifty chart on Daily time frame. Bank Nifty is having strong resistance at 35,500 and 35,600 levels. So, for tomorrow any open between these zones, I will try to short the market, with stop loss at 35,800 levels.
Either, I will sell 36,000 Call Option or Buy 36,000 Put option for the current expiry.
Till the time bank nifty closes above 35,700 levels on the daily closing basis I will maintain a bearish view.
This is bank nifty chart on Daily time frame. Bank Nifty is having strong resistance at 35,500 and 35,600 levels. So, for tomorrow any open between these zones, I will try to short the market, with stop loss at 35,800 levels.
Either, I will sell 36,000 Call Option or Buy 36,000 Put option for the current expiry.
Till the time bank nifty closes above 35,700 levels on the daily closing basis I will maintain a bearish view.