Nifty trading plan: On February 25, the Nifty and Bank Nifty traded within a limited range and this flat closed with negative trends. Overall, the market trend remains negative, so the strategy of “sales on rally” will continue. However, market experts say that the possibility of the RSI being oversold level and the formation of inverted hammer patterns in the dowtrands cannot be ruled out of the possibility of a return to the market in the upcoming sessions. By the time the Nifty remains above the level of 22,500, there will be a possibility of moving towards 22,600-22,700. However, if it falls below 22,500, immediate support is expected at 22,400–22,350. Bank Nifty needs to stay at 48,850 (near Tuesday’s high) and then at 48,500 on closing basis to move towards 49,000. Support is visible at the level of 48,300 for this at the bottom.
What should be strategy on Nifty
Derivative Research Analyst Dhupesh Dhemeja in Samco Securities The Nifty says that there is a resistance at the levels of 22,700, 23,000, 23,200 and support on 22,500, 22,250, 22,000. Traders can use a short gut strategy by selling 22,450 strike calls at Rs 143.20 and 22,700 strike puts at Rs 144 for the expiry of February 27. Stop-Loss This trade can be kept at Rs 2,500 with maximum mark-to-market (MTM) loss. If the target is obtained, maintain the trade till the expiry for a maximum profit of Rs 2,790.
Waves Strategy Advisors Founder and CEO Ashish Kyal Says that there is a resistance at 22,725 and 22,276 for Nifty. Short positions can be made below 22,510 in Nifty Futures, with a target of stop-loss and 22,390 at 22,620 and then a target of 22,276.
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What should be strategy on bank Nifty
Derivative Research Analyst Dhupesh Dhemeja in Samco Securities The bank says that there is a resistance at 48,800, 49,000, 49,300 levels and 48,300, 48,000, 47,800 for bank Nifty. Traders can apply short guts strategy by selling 48,400 strike calls at Rs 350 and 49,000 strike puts at Rs 355.25 for the expiry of February 27. For stop-loss, this strategy can be kept at Rs 3,000 with a maximum mark-to-market (MTM) loss. For the target, hold the strategy until the expiry for a maximum profit of Rs 3,158.
Waves Strategy Advisors Founder and CEO Ashish Kyal It is said that there is a resistance at 48,880 for bank Nifty and 47,850 support. Bank Nifty Futures can be made below 48,500 short positions, which should be targeted at 48,300, followed by 48,000 and Stop-Loss 48,700.
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