30th July ranges :
Nifty fut : 15952/15618
Balance = 15785
BankNifty fut : 35015/34425
Balance = 34720
Nifty fut : 15952/15618
Balance = 15785
BankNifty fut : 35015/34425
Balance = 34720
Received quite a few questions on how to use these levels, so here are some basic rules
1. 85% of the days, the markets will remain within these levels
2. When there is a breakout/breakdown of any one side, expect a fast large move that day
1. 85% of the days, the markets will remain within these levels
2. When there is a breakout/breakdown of any one side, expect a fast large move that day
3. Bullish above the Balance, bearish below it
4. If we are bearish, one can sell CALLs above the upper level and vice versa
5. If bearish, look for sells from your other indicators to buy options and vice versa
6. Expect strong resistance/support at the upper/lower levels
4. If we are bearish, one can sell CALLs above the upper level and vice versa
5. If bearish, look for sells from your other indicators to buy options and vice versa
6. Expect strong resistance/support at the upper/lower levels
7. If one observes the levels over days, if the band is going up markets are bullish. Then use the Balance as support or lower levels as strong support ( and opposite if bands are going down over days)
The levels itself are not buy or sell signals, but gives you the context for the day . This broad context can be used to set strategies for the day
• • •
Missing some Tweet in this thread? You can try to
force a refresh
