Nifty for the past few days was hovering in a narrow band with 11056 on the lower band and 11240 on the upper band any breakout on either side can spark sharp volatile action.
If nifty breaks 11240 levels then the upside is capped around 11540 levels for the time being because from that level market crashed with a gap down due to corona virus news on 27th February.
On the downside 11000,11830 and 11500 are major supports .
As we are traders we can benift from trendy movement in either directions.
However if nifty breaks 11240 levels I am planning to buy 11300 CE if it does not happen I will abstain from trade and wait for right opportunity
If nifty breaks 11240 levels then the upside is capped around 11540 levels for the time being because from that level market crashed with a gap down due to corona virus news on 27th February.
On the downside 11000,11830 and 11500 are major supports .
As we are traders we can benift from trendy movement in either directions.
However if nifty breaks 11240 levels I am planning to buy 11300 CE if it does not happen I will abstain from trade and wait for right opportunity
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