https://front.page/nifty-50/4362180 -- Fii/dii
Banknifty for tommorow (26/08)
After a very long time both Fii and dii doing same side activity..that is,both have turned to selling side.
Tomorrow banknift6 has 3 important price points to watch only.
A)36000
B) 35500
C) 35000
Now banknifty around 35580.Tommorow is expiry day..the closing of the price will be at one of the above 3 point..and more importantly it is going to touch near to 36000 or 35000..so any side 300 to 400 points clearly to capture if we make an right entry.
Today (25th) banknifty has closed with red candle below pivot line. Ie ,weak side.
Option oi data
A) 36000 - First Highest bet to reach
B) 35500 - Second highest to reach
C) 35000 - Third highest to reach
By seeing option data and current price, banknifty to touch 35500 is almost 100percent.
If gapup(till 35800),you can take a pe buy or ce sell.it will come down to 35705 100% ..stop loss :35830 ..if it continue 35620 below,then target:35500.
If flat: considering current status being weak and fii and dii in selling side..take pe buy,1st target : 35500(100%),35430(90%),if it breaks 35400,then next targwt 35300,35320,35100..better exit here and don't wait to touch 35000. FOR This stop loss is 35700.
If gapdown: same pe buy side..wait for break out 35420 down to enter..
CE buy should be taken when banknifty crosses 35800 for target 36000 or if you are able to read candle reversals u can make much early entry..
There is a risk of going flat between 35700 to 35800 and 35625 to 35710..so avoid trading if you are an option buyers if bankmifty spends flat time in this range..
With the current status and based on fii/dii,I bet banknifty for 200 to 300 points down before it reverse to 36000 mark..so try to capture both side trends smartly..
Sorry guys,I am away for a week.on travel and returning back to my home tonight....I will.start posting charts from tommorow
Thanks,
Tradeprofits