Showing posts with label sbin. Show all posts
Showing posts with label sbin. Show all posts

Sunday, August 29, 2021

Weekly view of Banknifty for intraday and positional traders

 As, the taper is postponed for a while, then look for the 35700 level to breakout and then buy call of 35700 CE or 35800 CE as per your convenience, this will give fast move of 150-250 points till 35850-35950 levels. But I think Banknifty will break 36000 level but wait for the range and then buy call 36000 CE if it breaks that range, it will give big move till 36500 levels as 36500 level is a major resistance in February-March trading session. 

 NOTE: Below chart is based on 15 minute candles.

TradingView Chart

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