UNITED STATES OF BANKNIFTY

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DONE .... BN 27600 CE (24th Jan) bought at 112 ... Sold at 168 ... Now it's trading around 174 .... GOOD START ....

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OK folks .... moving on .... KOTAKBANK results could be the next intraday trigger for today .... Keep tracking closely ....

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Alright folks .... Got to be aware of intraday premium erosion which is what's happening currently .....

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I repeat again .... KOTAKBANK quarter results could be last trigger for today's BankNifty session ..... Keep tracking .....

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FANTASTIC DISPLAY OF FORCE .... Great sudden push in NIFTY & BANKNIFTY ..... Pressure was building ....

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Remember guys .... We have to stay above 27500 i.e. out of the consolidation range of 27300 to 27500 ...... Otherwise, any pullback (towards downside) would result in drop in premiums of BankNifty CALLS ...... If bulls manage to stay above 27500, then we can surely expect 27650, 27700 and so on ..... in near future .... Keep a close watch .....

Disclaimer: This forum is meant for educational purpose ONLY.

 

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NEWS FLASH: KOTAKBANK results are OUT now ......

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Well .... It's been that kind of day where initial couple of hours produced good movement. But since then we have witnessed only premium erosion. Let's see what do we have in store for tomorrow.

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OK folks .... Hope it was a good trading day for you .... We will look to catch another opportunity tomorrow ..... Good luck!

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Good morning .... Have a nice trading day. Let's start today's session .....

Disclaimer: This forum is meant for educational purpose ONLY.

 

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First of all, bulls need to stay above 27500 in order to see further upside. Also, yesterday's low of 27388 approx will now act as minor support. Hence, bears will have to crack below 27388 with full force and stay below it in order to complete their respective targets.

Disclaimer: This forum is meant for educational purpose ONLY.

 

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Well .... so far it's a waiting game for today ....

Disclaimer: This forum is meant for educational purpose ONLY.