Aug 30, 2017
Bank nifty Trend:: The chart gives me hint in near term profit booking starts from 23800-23960 because Range bound trade between (23800-23500), so with small risk take a long position (i.e. Risk rewards ratio 50 risk, target 100 ++). Selling area below 23800 for target 23200, buying area 23850-23970 for target 24184-24320++, mostly buy near 23950 with candlestick pattern confirmation instead watch for confirmation.
Bank nifty Spot Levels: cmp 24128.95
R1 R2 R3 R4 R5 R6 R7
24268 24319 24402 24485 24537 24620 24754
S1 S2 S3 S4 S5 S6 S7
24101 24050 23967 23884 23832 23749 23615
Bank nifty Fut Levels:
R1 R2 R3 R4 R5 R6 R7
24244 24295 24377 24458 24509 24591 24723
S1 S2 S3 S4 S5 S6 S7
24081 24030 23948 23867 23816 23734 23602
Note:: Focus on Bank nifty Expiry 31 Aug 2017
** Call option 24300
R1 R2 R3
113 134 169
S1 S2 S3
43 22 0
** Put option 24000
R1 R2 R3 R4
93 104 122 139
S1 S2 S3 S4
58 47 29 12
-------------------------
Nifty Spot levels:
R1 R2 R3 R4 R5 R6 R7
9862 9886 9926 9966 9990 10030 10094
S1 S2 S3 S4 S5 S6 S7
9783 9758 9719 9679 9655 9615 9551
Nifty Fut levels:
R1 R2 R3 R4 R5 R6 R7
9857 9880 9917 9953 9976 10013 10072
S1 S2 S3 S4 S5 S6 S7
9783 9761 9724 9687 9664 9628 9568
Note:: Buy-sell it's your choice. Price and action will update as per live market.
Cheers!
Please share your views