strategy on niftyVirendra Kumar of CNBC-Awaaz says that its resistance zone is 15709-15743 and the larger resistance zone is 15778-15808. The base zone is 15539-15496 and the larger base zone is 115476-15440. Was told not to take any trades for today. US market closed below key average with heavy volume. FIIs have put writing at 15500-400, call writing at 15800. Sell On Rise market but sell zone is 15720-800. Above 15800 there will be big short covering. On the other hand, 15539-500 / 15476-440 are two zones below where pullback can come. The first option will be the writers’ zone, the second will be Friday’s low. Below this is the zone of 50 DEMA (15232), below 15440 the down swing will be confirmed.
strategy on nifty bank
Virendra Kumar says that its resistance zone is 34764-34843. The major resistance zone is 35050-35240. The base zone is 34340-34191 and the larger base zone is 34040-33940. Now 34230 is the most important in this downtrend. 34000-33940 Option seller’s zone, there will be a significant fall below it. Will take trade after opening.
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