BANK NIFTY
Important Levels for 09-09-2021.
A good close to a day which slowly but steadily developed into a sort of buy on dips. Closing at day's high just makes thinking about tomorrow a lot exciting.
36740-36620 has to be treated as a STRICTLY NO TRADE ZONE and fresh entries on either side should be avoided.
Option data has seen calls almost vanishing from everywhere today but overall 37000 still has highest calls and 36500 looks to be safe for tomorrow's expiry.
Safe bets will be to take longs above 37070 and a risky trade will be to enter longs with price sustaining above 36950 and aim for targets of 37070 and 37200. SL can be kept at 36860 and trailed aggressively.
Shorts to be taken only if we see -ve price action at 37000-37070 levels well supported by volumes.
A good close to a day which slowly but steadily developed into a sort of buy on dips. Closing at day's high just makes thinking about tomorrow a lot exciting.
36740-36620 has to be treated as a STRICTLY NO TRADE ZONE and fresh entries on either side should be avoided.
Option data has seen calls almost vanishing from everywhere today but overall 37000 still has highest calls and 36500 looks to be safe for tomorrow's expiry.
Safe bets will be to take longs above 37070 and a risky trade will be to enter longs with price sustaining above 36950 and aim for targets of 37070 and 37200. SL can be kept at 36860 and trailed aggressively.
Shorts to be taken only if we see -ve price action at 37000-37070 levels well supported by volumes.
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