BANK NIFTY VIEW for Thursday 14 Jan 2021 Expiry
Bullish Engulf
1. if sustains above 32600 / gaps up above 32600,
we may see a short covering in calls and rally is expected till 32900 / 33000
2. if opens flat then very likely to remain range bound 32400 - 32600
3. if opens flat and unable to sustain above 32550
and gives a close below the low of bullish engulf,
may see a downside till 32200 / 32150
1. if sustains above 32600 / gaps up above 32600,
we may see a short covering in calls and rally is expected till 32900 / 33000
2. if opens flat then very likely to remain range bound 32400 - 32600
3. if opens flat and unable to sustain above 32550
and gives a close below the low of bullish engulf,
may see a downside till 32200 / 32150
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