BankNifty - All Possible Levels - As per current market scenario
BankNifty - All Possible Levels - As per current market scenario
Levels shows in the chart are applicable for Index as well as future (current Month),
with additional analysis you can determine which levels are used for future and which levels are used for Index.
This levels acts as important support & resistance for intraday as well as for Swing/positional trade.
Based on price action, Gann Theory and Self research techniques major support & resistance's are derived and mapped on the chart
Hope this information will assist you in your trading / investment.
Request your support and engagement by liking and commenting & following to provide encouragement
As per Article in ET - Similar to how insurance companies make money despite the risk of payouts, option sellers rely on probabilities of gains. Option sellers may only lose money if the option turns against them, and they can make gains in other scenarios such as when the market goes up or even stays flat. Overall, option writing has become a popular strategy for big traders due to its high win probability. However, combining option buying and selling may lead to even greater profitability and win rates.
Disclaimer -
I AM NOT A SEBI REGISTERED ANALYST OR ADVISOR. I DOES NOT REPRESENT OR ENDORSE THE ACCURACY OR RELIABILITY OF ANY INFORMATION, CONVERSATION, OR CONTENT. STOCK TRADING IS INHERENTLY RISKY AND THE USERS AGREE TO ASSUME COMPLETE AND FULL RESPONSIBILITY FOR THE OUTCOMES OF ALL TRADING DECISIONS THAT THEY MAKE, INCLUDING BUT NOT LIMITED TO LOSS OF CAPITAL. NONE OF THESE COMMUNICATIONS SHOULD BE CONSTRUED AS AN OFFER TO BUY OR SELL SECURITIES, NOR ADVICE TO DO SO. THE USERS UNDERSTANDS AND ACKNOWLEDGES THAT THERE IS A VERY HIGH RISK INVOLVED IN TRADING SECURITIES. BY USING THIS INFORMATION, THE USER AGREES THAT USE OF THIS INFORMATION IS ENTIRELY AT THEIR OWN RISK.
Thank you.
Levels shows in the chart are applicable for Index as well as future (current Month),
with additional analysis you can determine which levels are used for future and which levels are used for Index.
This levels acts as important support & resistance for intraday as well as for Swing/positional trade.
Based on price action, Gann Theory and Self research techniques major support & resistance's are derived and mapped on the chart
Hope this information will assist you in your trading / investment.
Request your support and engagement by liking and commenting & following to provide encouragement
As per Article in ET - Similar to how insurance companies make money despite the risk of payouts, option sellers rely on probabilities of gains. Option sellers may only lose money if the option turns against them, and they can make gains in other scenarios such as when the market goes up or even stays flat. Overall, option writing has become a popular strategy for big traders due to its high win probability. However, combining option buying and selling may lead to even greater profitability and win rates.
Disclaimer -
I AM NOT A SEBI REGISTERED ANALYST OR ADVISOR. I DOES NOT REPRESENT OR ENDORSE THE ACCURACY OR RELIABILITY OF ANY INFORMATION, CONVERSATION, OR CONTENT. STOCK TRADING IS INHERENTLY RISKY AND THE USERS AGREE TO ASSUME COMPLETE AND FULL RESPONSIBILITY FOR THE OUTCOMES OF ALL TRADING DECISIONS THAT THEY MAKE, INCLUDING BUT NOT LIMITED TO LOSS OF CAPITAL. NONE OF THESE COMMUNICATIONS SHOULD BE CONSTRUED AS AN OFFER TO BUY OR SELL SECURITIES, NOR ADVICE TO DO SO. THE USERS UNDERSTANDS AND ACKNOWLEDGES THAT THERE IS A VERY HIGH RISK INVOLVED IN TRADING SECURITIES. BY USING THIS INFORMATION, THE USER AGREES THAT USE OF THIS INFORMATION IS ENTIRELY AT THEIR OWN RISK.
Thank you.
Comment:
As per current market (18th Dec) Today High of 48069 is important levels, if it breaks above this then we can plan for long trade again.
However, if it crosses below this and then breaks this level upuards, dont stay on bearish side. usually this is done to trap bears.
hope this will help you all.