Hello traders,
1. If banknifty opens flat or gapdown but above 32900. Then if price bounces atleast 70 points from center dotted line, then take a call for 500 point target.
2. If market opens gap up and takes rejection from upper parallel line, then take put near 33400 with sl of 33550 target again 500 point
3. If in first case sl gets hit then don't take put , wait for price to reach near 32500 then again take a call with sl of 32350 with target of 33200.
Positional put should only be taken if market closes below 32500 for targets upto 30000 within 2 days.
1. If banknifty opens flat or gapdown but above 32900. Then if price bounces atleast 70 points from center dotted line, then take a call for 500 point target.
2. If market opens gap up and takes rejection from upper parallel line, then take put near 33400 with sl of 33550 target again 500 point
3. If in first case sl gets hit then don't take put , wait for price to reach near 32500 then again take a call with sl of 32350 with target of 33200.
Positional put should only be taken if market closes below 32500 for targets upto 30000 within 2 days.
