BankNifty Update

Banknifty closed at 25085, 17th October, markets opened gap up and after few minutes it topped till 25920 odd, from there on it was one side, Bears had a upper hand and closed at 25189

Today, opened gap down, Bears for first few minutes made a low and in next 15 minutes made a high 25280 odd, low of 24920 odd

From there on it was too and fro movement both the side and closed at 25085

Trend seems to be sideways

As mentioned earlier 25040 holds the key,

Next week monthly expiry

Bulls and bears will play so much trick, eventually may close near my gut Intuitions around 1. Probability 25330-25620

2. Probability around 25000

Any Thing below 24810, by Thursday morning, 24440 odd or 24100 can be tested

Markets is probability and random

Any Thing can happen, markets surprises each minute

Need to be prepared for both the side and trade accordingly

Respect Risk and need to be risk manager

Trade from savings money, trade less

All the best

Sagar U.S

#Nifty50 #banknifty #iamstocktale#ussagar #sagaryouyes #youyessagar

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