Nifty and Bank Nifty is in buy mode since monday morning. Today though nifty tested the intermediate support levels but it maintains above EOD basis. Currently intermediate support levels are at 5189 and 10302 respectively for both nifty and banknifty. One can exit positional longs if the intermediate support breaks on EOD basis.
Related Readings and Observations
Nifty and Bank Nifty – Post Budget Outlook It should be noted that open interest built up in 8000CE strike price crossed the 1 crore mark. Active call writing seen in 7800CE and 8000CE. Options writes are betting that nifty will […]- Newbie Traders feels the Euphoria got Burst And the traders whomever traded one sided fashion could have busted in this volatile market which fizzle out the weaker hands. Market once again given a sign that the market is much […]
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