BANK NIFTY
Important Levels for 01/09/2022.
What a day it was, we had expected this move and captured a good chunk of it. The buying was relentless and even pullbacks were not more than 50 points, such was the strength.
For the expiry, once we cross today's high @ 39800, the immediate seller reference area is from 39984-40083. Longs taken can book full profits here.
Any pullbacks till 39386-39480 can be good for entering longs with initial targets of 39800.
Will look for shorts with lesser quantity at 40050-40100 levels with a strict SL of 50-60 points. With all major moves done expecting a sluggish expiry.
What a day it was, we had expected this move and captured a good chunk of it. The buying was relentless and even pullbacks were not more than 50 points, such was the strength.
For the expiry, once we cross today's high @ 39800, the immediate seller reference area is from 39984-40083. Longs taken can book full profits here.
Any pullbacks till 39386-39480 can be good for entering longs with initial targets of 39800.
Will look for shorts with lesser quantity at 40050-40100 levels with a strict SL of 50-60 points. With all major moves done expecting a sluggish expiry.
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