Bank Nifty - 14 June 23 - Closing Analysis & Important Levels
Hello Friends,
Let start our analysis of BN move based on pure price action and no indicators.
Since the breakdown move on 8th June, the market is within a trading range.
This trading range is getting tighter and tighter each day and therefore not tradable for option buyer's. Its a paradise for option sellers.
The only tradable set-up today was at opening when the price got rejected at levels of 44212.
After this wild move, the market was trading within a range of 90 points.
Traders will have to wait untill there is a breakout above 44200 or breakout below 43900.
Patience is the biggest virtue of a good trader.
Have a good day !!
Let start our analysis of BN move based on pure price action and no indicators.
Since the breakdown move on 8th June, the market is within a trading range.
This trading range is getting tighter and tighter each day and therefore not tradable for option buyer's. Its a paradise for option sellers.
The only tradable set-up today was at opening when the price got rejected at levels of 44212.
After this wild move, the market was trading within a range of 90 points.
Traders will have to wait untill there is a breakout above 44200 or breakout below 43900.
Patience is the biggest virtue of a good trader.
Have a good day !!
Aviso legal
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