Nifty Bank IndexAtualizado my view on BNF for tomorrow
tomorrow we can see gap up opening.
if not then specified levels will act as support and resistance respectively.
today many call buyers have entered the market in last 20-30 min as we can see on the chart it closed in upside so if tomorrow it opens gap up and then falls from there, everyone will run for booking their profit and as next day will be the expiry so no meaning in holding it , as everyone will book profit their maybe high chance of panic selling and at the same time the sellers will start selling call options.
so i feel tomorrow can be a good day to trade.
as elections in many states are going we will see it's impact in coming days when result of election will come.
if you like and learned anything from this then PLEASE SUPPORT.
if not then specified levels will act as support and resistance respectively.
today many call buyers have entered the market in last 20-30 min as we can see on the chart it closed in upside so if tomorrow it opens gap up and then falls from there, everyone will run for booking their profit and as next day will be the expiry so no meaning in holding it , as everyone will book profit their maybe high chance of panic selling and at the same time the sellers will start selling call options.
so i feel tomorrow can be a good day to trade.
as elections in many states are going we will see it's impact in coming days when result of election will come.
if you like and learned anything from this then PLEASE SUPPORT.
Nota
As expected gap up opening , now wait for the panic sellingNota
if breaks days high then next resistance is 44148-150,
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