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Daily support&resistan level for NIFTY& BANK NIFTY,with live guidance. Telegram id : @vinoth0212 *DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. All the views are for educational purpose only. Consult your financial advisor before investment.
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7 384
Today's premium call performance
Rs.1,170 /- profit per lot.
The end-of-session trap ate into some of our gains, but we still closed the day with a decent profit.
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7 384
Ending season trapped us. Booked 28pts loss.
As we are transparent in our profit and losses we are sharing this too
7 384
Bank Nifty has broken above the 55,340 resistance and is leading today's rally.
Over the past few months, strong follow-through rallies have been missing. However, with Bank Nifty leading today, the chances of a follow-through move look better.
🔑 keep it simple: Bullish only if Bank Nifty sustains above 55,340.
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📈 BANK NIFTY – KEY BREAKOUT LEVEL
Bank Nifty needs to break and sustain above 55,340 to trigger the next potential long opportunity.
Until then, wait for confirmation and avoid anticipating the breakout. Sustained breakout = bullish confirmation.
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📊 NIFTY & BANK NIFTY – CONSOLIDATION
Both indices are consolidating after the early morning move. Looks like the easy moves are over for now.
📈 Next leg of the rally: Watch for a breakout above the current consolidation range.
⚠️ Until then, avoid overtrading and wait for a clear breakout with follow-through.
7 384
📊 OPEN INTEREST UPDATE – NIFTY
The 22,500 strike is a key zone. For further bullish momentum, we need 22,500 put writers to take control and strengthen support.
Until then, avoid assuming a strong bullish follow-through. Watch price action and OI for confirmation.
7 384
🛢 Crude oil initially found support at the previous day's low of $90.26 and has started reversing upward.
⚠️ This rebound in crude oil could add pressure on the Indian market and may be one of the reasons behind the current Nifty rally fall. Watch crude oil closely for the next directional cue.
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+1
📊 CRUDE OIL & NIFTY – KEY LEVELS
🛢 Crude Oil: Trading near the previous day's low. If it sustains below this level, short-term weakness may continue.
📈 NIFTY: As long as Nifty sustains above 22,475, we can expect the next leg of the bullish move towards 22,550.
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📈 Expecting the buy-on-dips market to continue as long as Nifty sustains above 22,400.
🔑 From now on, 22,400 will act as a key level to watch.
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Looking good👍🏻 BN leading the rally today.
Buy watch INDIA VIX if crash much the premium will decay fast and that will be big headache for option buyers.
