BANK NIFTY 25JAN LEVELS
24Jan BN summary
1. FII sell Net -3751 Cr after selling on friday -3148 cr. FIIs are not interested in buying. So should we not move with smart money
2. Spot the first 5 minute candle. Make note, i immediately got ready with put and bought PE 37600 and booked my profit. Even a novice trader would have made good profit.
3. The last session has indicated 36700 level rejection on 15 minute chart
Plan for 25Jan
1. I have a very bearish outlook with FII heavy selling and 36700 level ejection on charts. Nifty fell today over 500 points. I see in BN 400 points recovery in last session as more of short covering
2. Option Chain shows huge call writing @37000 levels. OI change shows 11.7 M call and only 1.6 put change
3. Nifty downside break of 17050 and BN 36900/700 levels to go short.
4. Please look at rejection on upside at 37200/37000/36900 and if 36350 levels are broken big fall
5. If FII go crazy we can see 35500 levels in this expiry.
Trade cautiously. I repeat do your own analysis and watch the price action at marked levels. Wednesday is a holiday so only 2 trading sessions left
1. FII sell Net -3751 Cr after selling on friday -3148 cr. FIIs are not interested in buying. So should we not move with smart money
2. Spot the first 5 minute candle. Make note, i immediately got ready with put and bought PE 37600 and booked my profit. Even a novice trader would have made good profit.
3. The last session has indicated 36700 level rejection on 15 minute chart
Plan for 25Jan
1. I have a very bearish outlook with FII heavy selling and 36700 level ejection on charts. Nifty fell today over 500 points. I see in BN 400 points recovery in last session as more of short covering
2. Option Chain shows huge call writing @37000 levels. OI change shows 11.7 M call and only 1.6 put change
3. Nifty downside break of 17050 and BN 36900/700 levels to go short.
4. Please look at rejection on upside at 37200/37000/36900 and if 36350 levels are broken big fall
5. If FII go crazy we can see 35500 levels in this expiry.
Trade cautiously. I repeat do your own analysis and watch the price action at marked levels. Wednesday is a holiday so only 2 trading sessions left
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