BANK NIFTY
Important Levels for 09-06-2021.
We saw a sharp selling today at the open followed by a sharp pullback to the previous POC of 4th June at 35537 levels.
The selling in the second half has made things really interesting.
To be on the safer side, we should short futures only after 34700 is taken out and simultaneously 34640 is taken out in spot for targets of 34570 followed by 34480 levels.
But it will be wise to keep strict SL as tomorrow being expiry and Put prices pumped up we can see volatility at its peak.
Trade carefully
We saw a sharp selling today at the open followed by a sharp pullback to the previous POC of 4th June at 35537 levels.
The selling in the second half has made things really interesting.
To be on the safer side, we should short futures only after 34700 is taken out and simultaneously 34640 is taken out in spot for targets of 34570 followed by 34480 levels.
But it will be wise to keep strict SL as tomorrow being expiry and Put prices pumped up we can see volatility at its peak.
Trade carefully
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.