Nifty 9912.8 (+55)
Bank Nifty 24377 (+102)
The Resistance level or support level not broke today, there is going to be lackluster expiry week moving around 30 points in nifty here and there and in bank nifty 100 points here and there.
Good Luck...
- Resistance 9950 : Support 9870 : Momentum will pick up once it cross these levels.
- Today we have to watch yesterday's high 9925 in spot.
- Trading below will be bearish.
- 9900 PE bought at 48 closed at 32. open interest up almost 50% .
- Once market touched and trade below 9870
- Lot of short covering will happen in 9900 PE.
- I expect some good profit from this 9900 put.
Bank Nifty 24377 (+102)
- Resistance at 24500 support at 24150 Momentum will pick up once, it cross these levels.
- PSU Bank space looks weak.
- So far this series advance decline is 3:9 and return -2.18 %
The Resistance level or support level not broke today, there is going to be lackluster expiry week moving around 30 points in nifty here and there and in bank nifty 100 points here and there.
Good Luck...
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