BANK NIFTY BROKEN 17700 LEVEL AND AT OVERSOLD ZONE.
SAR:18100BNS.
RSI INDICATING BOUNCE SHOULD BE FROM HERE.
BUY ABOVE 17850 FOR 18070BNS AND SELL BELOW 17600 FOR 17400-17250 LEVEL.
Day: December 26, 2016
NIFTY SPOT LEVEL FOR 27/12/2016
NIFTY SLIPS BELOW PREVIOUS LOW 7916 & BREAK NECKLINE.
SAR:8055.
IF TRADE BELOW 7900 AGAIN WE WILL HEAD TOWARDS 7860<7744-7700-7611 LEVEL. ELSE BOUNCE LIKELY.
TODAY WE SHORT AT OPEN AND COVERED NEAR 7900NS .
IF 5TH COMPLETED NEAR 7890 THEN POSSIBLE BOUNCE FOR 8100-8130NS ELSE WE CAN SEE 7770-7748NS IF GOES BELOW 7860NS.
RSI IS NOW BROKEN AND HEADING TOWARDS SOUTH DIRECTION INDICATING DEEP CORRECTION.
TODAY NO REVERSAL SIGNAL YET JUST EYE ON ABOVE LEVEL AND TRADE ACCORDINGLY.
OPTION:
WE TODAY BOUGHT PE AT OPEN AND BOOKED PROFIT NEAR 7900NS LEVEL.
HOLDING 8300CE AS CONTRA TRADE WITH STOP NOW 19.
BUY PE IF TRADE BELOW 7870NS STOP 7895NS.