Verdict:
Bullish or sideways
Plan of action:
Sell 48200 CE + Buy 48600 CE
As we have been discussing Bank-nifty, Bank-nifty continues to have a bullish move. By looking, OI has PCR 1.17, which is bullish. RSI also shows Huge bull strength. So, Banknifty is expected to go higher or might go sideways for some consolidation.
Reason:
Verdict:
Bullish or sideways
Plan of action:
Sell 48200 CE + Buy 48600 CE
Disclaimer:
The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.
Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.
The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.
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