July.31 AUGUST-Series Day.4 BANKNIFTY=10016 (-194)
Markets fell for the 6th consecutive day.
The Expected Zone has moved down to (10000~10200) from (10200~10400) .Just spanning 3 strikes.
Intraday Banknifty was trading FOUR DIGIT also.
Current position is indicated in the chart.
Markets fell for the 6th consecutive day.
The Expected Zone has moved down to (10000~10200) from (10200~10400) .Just spanning 3 strikes.
Intraday Banknifty was trading FOUR DIGIT also.
Current position is indicated in the chart.
HTML:
We follow the PUT and CALL windows with the boundaries, as :
DAY LOW~HIGH
================ =========
1 to 6 (FRI~FRI) 40Rs to 400Rs
7 to 11(MON~FRI) 35Rs to 350Rs
12 to 16(MON~FRI) 30Rs to 300Rs
17 to END(MON~END) 15~25Rs to 150~250RS
This is not based on ANY formula , but on just observations of last few days.