Banknifty 15 minute a candle view:
1. Nifty bank is misbehaving between 37700 and 38000, so this will be our no trading zone because, Nifty bank reverses from any level.
2. Nifty bank will only be bullish above 38000 but as market sentiment, I do not recommend to go for buy side/upside until it crosses 38000.
3. Nifty bank will only be bearish below 37300 but for the past few days, Nifty bank reverses to upside levels. If Nifty bank take support of 37300 levels with a 15 minutes bullish candle with a follow up candle then go for buy side/upside. But if a 15 minutes candle close below 37300 levels with bearish sign then buy ATM PUT for fast downside till 37000 or if sustain 37000 level then 36500 levels will be seen.
