Bank Nifty
Spot price is around 43,590-600.
Bank Nifty is currently in a no-trading zone, ranging from 43,230 to 43,780.
We will consider taking trades in the direction the price breaks and sustains beyond this range.
Meanwhile, our usual practice continues. We'll short near the resistance of the no-trading zone and buy near the support.
Given the inherent risk in such trades, we manage quantity to control risk effectively.
One more thing, we've identified a small immediate resistance in Bank Nifty at 43,640-50, which may play a role.
Happy Trading!
Spot price is around 43,590-600.
Bank Nifty is currently in a no-trading zone, ranging from 43,230 to 43,780.
We will consider taking trades in the direction the price breaks and sustains beyond this range.
Meanwhile, our usual practice continues. We'll short near the resistance of the no-trading zone and buy near the support.
Given the inherent risk in such trades, we manage quantity to control risk effectively.
One more thing, we've identified a small immediate resistance in Bank Nifty at 43,640-50, which may play a role.
Happy Trading!