Nifty
Range: 18400 - 17910
Our Preference: Sell Nifty 18360 for target 17920 & 17620 with SL 18501
Alternative Scenario: Buy Nifty if cross 18480+ then only buy @ 18400 for target 18800 with SL 18260
Why Sell @ 18360 ?
High 19000 Low 16866 where it goes around 67% to 72% correction from bottom to upside so we prefer to go with sell on this pricing, Rest will see how it moves.
Bank Nifty
Range: 43700 - 42600
Bank Nifty has a different scenario in compare to NIFTY.
Our Preference : Sell Bank Nifty 43600 with SL 43900 for target 42750
Alternative Scenario: Sell Again 44160 for target 42600 & 41200 with SL 44650+ only If Suatain
- Bank Nifty we are looking at sell side only.. Upper break out only after 44700+ else will come down again till 40700
- This above range apply as per pricing not as per any contract timings
- All trade are as per Future Contract only not as per Cash.
Disclaimer: We have just release our littler technical overview to understand which are key points for future trading. We are not suggesting to trade as per the same. Its just for the sake of Knowledge. We clearly mention do not trade as per above suggestion & we are not liable for any kind of profit nor loss its just a blog that's it.