BANKNIFTY INDEX FUTURESPembelian
BANK NIFTY
Diupdate
Important Levels for 30-09-2021.
Even though we saw an inside candle on the daily time frame. the price action was completely opposite of what we had thought it to be and the price slowly and steadily did move up.
If we open with a small gap down tomorrow, dips to 37710-37760 can be bought with SL at 37620 for targets of 37870.37970 and 38050, but if we slide further down and trade below 37620, we can take short position for targets of 37500,37450 and 37450. SL will be around 37710.
If we open flat or with a small gap up and sustain above 38050, we can set targets at 38230,38280 and 38360. SL can be placed at 37970. But the main point to consider is the price should open below 37900-37950 and then cross 38050 and sustain above it for at least 5 mins.
Any big gap up, then 38400 will act as resistance and we shall look for shorting opportunities thereabouts.
As per OI data the expected range shall be 37500-38000, but on monthly expiries its better to expect the unexpected.
In tomorrow with a slightly bullish view.
Even though we saw an inside candle on the daily time frame. the price action was completely opposite of what we had thought it to be and the price slowly and steadily did move up.
If we open with a small gap down tomorrow, dips to 37710-37760 can be bought with SL at 37620 for targets of 37870.37970 and 38050, but if we slide further down and trade below 37620, we can take short position for targets of 37500,37450 and 37450. SL will be around 37710.
If we open flat or with a small gap up and sustain above 38050, we can set targets at 38230,38280 and 38360. SL can be placed at 37970. But the main point to consider is the price should open below 37900-37950 and then cross 38050 and sustain above it for at least 5 mins.
Any big gap up, then 38400 will act as resistance and we shall look for shorting opportunities thereabouts.
As per OI data the expected range shall be 37500-38000, but on monthly expiries its better to expect the unexpected.
In tomorrow with a slightly bullish view.
Trading ditutup: target tercapai
Once the price sustained below 37620, it was a swift move towards all our targets.37620-37450 ALL TARGETS REACHED
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