Nifty and BNF tanked heavily on Friday. Nifty tested 18200 levels and BNF tested 42200 levels. Both bounced back strongly indicating the strength in the market. Technically both indices have formed a hammered pattern indicating that bulls are taking control. Any fall is a buying opportunity, though we may see volatality due to monthly expiry. For tomorrow if the market falls buy higher options, by the end of the day we may see a positive close. Be cautious with your option trades as monthly expiry is just 4 days to go. Have a good trading week. Happy swing trading
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