Banknifty trade setup

2020年8月26日

Banknifty has been very volatile since the past 3 sessions, rising about 1000 points. Going into tomorrow's monthly derivatives expiry, my advice would be to be extremely cautious and reduce your position size considerably. Fed's meeting will have a huge impact on market's around the world, and Banknifty being a volatile instrument, can cause huge whipsaws and may move 400-500 points in either direction. Range for Bankifty, for tomorrow's session, could be from 23000/23100-23800. This isn't definite and can change due to volatility. Any doubts and feedback are welcome in the comment section below!
Good luck trading!

I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏