let's discuss all possibilities of bank nifty :
The ideal range of Bank nifty is 40800-41300. if we Bank nifty Break this Range we will get clear direction For Trade.
1. To buy Call:- Bank nifty has to Cross 41300 then only Call activated.
if the bank nifty cross 41300 and then take support around the resistance line then we can initiate CE buying with the 41675 targets. Sl will be 41040 or 41970.
2. to sell:- if bank nifty retest the trend line and fail to cross then we can initiate short with the target will be 40040, 40950, and 40800. Sl will be 41300.
The ideal range of Bank nifty is 40800-41300. if we Bank nifty Break this Range we will get clear direction For Trade.
1. To buy Call:- Bank nifty has to Cross 41300 then only Call activated.
if the bank nifty cross 41300 and then take support around the resistance line then we can initiate CE buying with the 41675 targets. Sl will be 41040 or 41970.
2. to sell:- if bank nifty retest the trend line and fail to cross then we can initiate short with the target will be 40040, 40950, and 40800. Sl will be 41300.