Nifty & Bank Nifty Post Market View: Today, Nifty and Nifty Bank remained volatile for the whole day on the expiry as we discussed in the Market Prediction Post published yesterday on Trader Singh. It would have been a tough day for option buyer and only scalping setup traders would have made profits.
Currently at 3:28, Nifty is closing around 19550 and Nifty bank is closing around 44550 Levels. Whole day, the market has been in control of sellers, strangle setup also would have made a good profits.
Tomorrow Gap Up or Gap Down?
If we see the current sentiment is little positive and trend is also suggesting upside levels for Nifty & Nifty bank today. So, if global markets remain favourable then we could see a gapup opening for tomorrow.
If you are holding BTST trade then make sure to follow the position sizing and trail the position on opening of the market tomorrow.
However, we can only predict the markets based on various factors and probabilities but overnight any factor can change and the impact of which should be managed by us before carrying any position overnight.
