BankNifty closed at 24972 yesterday, open low didn’t break, but most part of the day bnf was around 24980 and eventually closed near the same
However, after making high of 25120 odd, bears brought the bulls till 24820 odd by 2.15 pm, but couldn’t break the low yesterday and last 90 minutes bulls recovered from the low
Macro -Crude is falling, good news to INDIA
As expiry is tomorrow, today BNF need to be above 25210 – 25380-25510-25660
Magic Number is 25180 –Â above bulls, below bears!
25500 Call options: 130-180 Range
Above 40 positives for bulls, close need to be above 80-130 for bulls to win the day
25000 Put options
Below 180 bears tough to comeback – Below 80 gone for bears
Close below 80, bears lost the game for the day
All the best
Trade less, Trade from savings money
Sagar U.S
