Opteq traders

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Till this happens it has full chances of going back to CPR

Any 3min candle closing below yesterday’s low then we will see fresh low in BNF

Any 3min candle closing above 53030 we will see a short covering rally till 53150

Banknifty ready to go back to CPR

This happened - check 10.55 candle - this is a 100 point candle - 53000 CE from 45 went to 90 Easy money money money

Don’t short BN guys - big green candle possible in next one hour or by 1.00 PM So better to stay in hedge

If we drop below 53000 - one quick fall will come till 52800

Either we shall test 54980 or 53050

Tomorrow we might see a 1000 point rally in Banknifty either upside or downside - I don’t know but it will be massive

See day low and day high

This was told in the morning itself

Now why I told this in the morning itself - because of the single B print which it left So what you had to do - simple at BC of daily CPR you should have placed your buy orders Trading is that simple

BN set to touch day high again

Opening candle should touch 53950 for a bounce

If banknifty opens between 54100 and 53900 Don’t trade This will be the range till 2.30 PM today

It closed at 90 yesterday I am seeing atleast 250-300 in this strike price

Incidentally - yesterday CPR and weekly CPR lines are converging with the level of 53535 So that’s a magnet level now BN has to touch this level before end of this week That’s 600 points from here So even 53500 PE has huge upside potential

And for downside - 54000 is a support Broken 53750 will be achieved and then 53535 and 53250 This week Banknifty has to test the weekly CPR before going up - so either it will touch weekly R1 and fall to CPR or fall till CPR first and then touch R1 In any of the Scenario 54000 CE PE has immense upside potential

Good morning traders Banknifty if stays above 54065 (spot levels) we are up for rally and tgt will be 54325 and then a strong resistance zone at 54500-54600 And if this also is broken in 30min timeframe then banknifty will run till 55500