(WEEKLY EXPIRY – 5 DAYS )
BankNifty has closed at 31269 – What happened last week !
20th June BNF(BankNifty) had closed at 30781
Bears tried hard to win the week (Friday to Wednesday ) made a low of 30451 ,but was unable to close below 30600 !
Tuesday afternoon to today afternoon ,bulls took the price upto to 31490 from 30450,finally closed at 31269 !
Now – whats in store for the coming week ! 28th to July 4th 2019
Budget is in the corner on July 5th Friday – Markets before the event will be sideways ! I may be wrong too !
Henceforth markets could be sideways for the week !
G20 meet outcome, Global Markets,Crude triggers to be seen for the coming week !
Bulls want to take the Price upto 31540 and close for few days !
Bears want to take the Price upto 30600 ,till then both of them are not in the game !
Bulls would be winning only above 31850 above ! Bears 30600 !
What i will do – Will wait and watch !
I will look towards bulls only above 31850 and Bears only below 30600 !
Till then better to stay on sidelines
Trade less ,Trade From Savings Money
Options Markets only for Professionals
Need to observe options markets for at least 2 years before trading !
Upcoming -Article would be on Equities for long term Investment !