Nifty Bank IndexShort
Bank Nifty Under Bearish Radar: 50,000 in Focus
After weeks of strong bullish momentum, Bank Nifty is now showing signs of bearish price action. The index faces selling pressure, likely due to profit booking and weak sentiment near recent highs.
Key support is seen around the 50,000 level, which could act as a critical zone for buyers to step in. However, with monthly options expiry approaching, volatility is expected to remain high, potentially leading to exaggerated moves.
Key Levels to Watch:
• Resistance: 52,500–53,000
• Support: 50,000
If 50,000 holds, we may see a rebound post-expiry, but a decisive break below this level could trigger further downside. Keep an eye on global cues, sectoral strength, and institutional activity for directional confirmation.
Strategy:
• Short-term Bears: Look for shorting opportunities below 50,000 with strict stop losses.
• Swing Traders: Wait for a bounce or reversal pattern near support for long opportunities.
• Options Traders: Use neutral strategies like straddles or strangles to capitalize on volatility.
Trade safe, and always manage your risk effectively.
Key support is seen around the 50,000 level, which could act as a critical zone for buyers to step in. However, with monthly options expiry approaching, volatility is expected to remain high, potentially leading to exaggerated moves.
Key Levels to Watch:
• Resistance: 52,500–53,000
• Support: 50,000
If 50,000 holds, we may see a rebound post-expiry, but a decisive break below this level could trigger further downside. Keep an eye on global cues, sectoral strength, and institutional activity for directional confirmation.
Strategy:
• Short-term Bears: Look for shorting opportunities below 50,000 with strict stop losses.
• Swing Traders: Wait for a bounce or reversal pattern near support for long opportunities.
• Options Traders: Use neutral strategies like straddles or strangles to capitalize on volatility.
Trade safe, and always manage your risk effectively.
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