BEARS ARE BACK? Nifty & Banknifty + Top Stocks & levels
#Nifty50 and #Banknifty both saw some stiff resistances in today's broad-market fall. This could be profit booking considering how the markets have gained consistently so far.
Generally, after a big move we have seen price consolidating or moving in a range-bound way, however today we saw several massive candles being formed. Option decay was fairly high, but buyers could have made decent returns in momentum.
Option sellers might have had a tough day if they were on the wrong side as option prices appeared to be moving a little fast.
All top stocks faced some resistance today, but that's natural as neither of them was particularly bullish, to begin with.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,480, 15,590, 15,620 --- 15,680, 15,750
Levels for Banknifty: 34,480, 34,644, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
Generally, after a big move we have seen price consolidating or moving in a range-bound way, however today we saw several massive candles being formed. Option decay was fairly high, but buyers could have made decent returns in momentum.
Option sellers might have had a tough day if they were on the wrong side as option prices appeared to be moving a little fast.
All top stocks faced some resistance today, but that's natural as neither of them was particularly bullish, to begin with.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,480, 15,590, 15,620 --- 15,680, 15,750
Levels for Banknifty: 34,480, 34,644, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
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