Readers who went long at support of 5020 would have booked close to 50 points.
Readers who went short at resistance level of 5070 would have booked closed to 50 points.
BNF traders would have booked more than 15,000 rupees on 2 lots trade.
Although there was a range contraction in nifty, our readers would have minted yesterday.
Nifty
Today's support level is placed at 5010. if 5010 is held nifty future can move 5055 and 5085.
Breaking 4990 with volumes, nifty will get smacked to 4940 and 4925 today.
5085 is huge resistance and supply zone for nifty today. Trading above 5085 with volumes nifty can move to
5140 and 5175.
Nifty - Option Watch
Most Active Puts
Most Active Calls
Trading the Bank Nifty
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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