BankNifty 12/07/18

Bank Nifty is trading at 27150 at 11.30 am, Up 330 points, have broken the range.

What’s the strategy for the day

Above 27120-27180-27220-27330-27390

Above 27180 by 2.00 pm, above 27220-by 2.40-3, may close near 27330-27390

If markets are a bit tired after this move – they may close around 27220-27180

Below 27180 by 2.40-3PM, may come near 27070.and close near the range of 27120-27060

Bears will come back only below 26060, need to trade below this level for 30 minutes to 45 minutes for any whitewash of the gain – then may close near the open.

Will track Call options today

27000,27100,27200

Trade less

Trade from savings money

All the best

Sagar U.S