We can buy put below 17770
Looking for buying let it break upper trendline
Data wise too nifty is bearish now
In intraday 17890 is immediate resistance
For now watch the chart on min 15 or preferably 30 min time frame
Don’t be in hurry to take trade
Bears are again coming back slowly
Else big loss so better to enter on Monday only
as no movement since Monday
or book minor profit as market can take turn anytime it's still range bound
VWAP (intraday index) is present @ 41550 for banknifty
waiting for one sided direction
Banknifty since Monday
1. stock most of the time bounce from their support levels
buying put came in both banknifty / nifty
Those who took put can book profit (not my recommendation)
nifty on daily time frame
17850 is acting as mediator
As in 5 min time frame we will keep getting buy / sell
Wait for a clear direction as than it would be big move
https://youtu.be/Pr6JkBvolEI
don't carry any naked call / put buy
such consolidation is very attractive if they go in our direction
Apart from my holding, not taking any directional trade this weekend
nifty broke it's VWAP placed @ 17830
Bounces back & rises by 40+p
this is consolidating
2. we don't trade in 1st 15 min of opening
why we didn't took trade here
as +ve sentiments are building since morning