BankNifty is trading at 23650 at 1.30 PM,16-03-2020 .
Disclaimer – This is for my educational Purpose !
Not a Recommendation,consult your Financial advisor
Derivatives is only for Professionals.
Trade only from Savings Money.
Now, My view ! I could be wrong,it’s not my opinion matters ,it’s market action.Period !
Magic Number is 24300-24500 ! Anything above this level and closes for a day to two,one more day as a buffer ,it’s a clue that bulls would recover from the massive onslaught.
From there where ? 25200-25900 ! From there where ? No body Knows !
Just to make my ego happy , let me say from 25900-27400-27700 !
Closing Basis is key !
Bears below 23350 on closing basis for 2-3 days would pull upto 22650!
Below 22650 for a week on a closing basis ,means they would slide upto 21500
21500- from there ?
Part 2 – To be continued !
Small aim is a Crime