Almost flat opening is expected with extremely volatile session ahead …NS is trading at bottom of channel and above 20 DMA with bearish sentiments …as all indicators are in support of bears but 20 DMA and channel bottom are providing good support to bulls …selling with volumes may break these supports and 100 to 200 points correction before expiry cant be ruled out .
Trade in NF as per these levels
Buy at / above: 7520 Targets: 7541 – 7565 – 7584 – 7614 Stoploss : 7498
Sell at / below: 7498 Targets: 7481 – 7462 – 7443 – 7421 Stoploss : 7520
7565 7585 will act as very strong resistance and profit booking at or below this level can not be ruled out …moving above 7585 will create short covering and in that case 7615 30 will be there .plan your trades seeing intra move ,direction and momentum .
Do not enter in trade if you are not confident on the trade …if entered in trade be firm and decide that you will either book loss at stop loss level or exit at gains …but never square off ur position between entry level and stoploss till you are not receiving reverse trade call .
bank nifty trading at lower bollinger/ channel bottom making inverted hammer.. either selling will continue or buying may be seen trade can be planned after seeing intra move .
selling with volumes may take BNF to 14700
always keep open buy order below 100 points of LTP and sell order above 100 NF points from cmp if u are lucky u may get both orders executed within a fraction of second.
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Almost flat opening is expected
