DEC.21 DECseries Day.16 BankNifty=12315 (-172)
In DEC series, BankNifty (9U7D) closed like this:
UDUUUDUDDDUUUUDD
The Expected zone contracted and moved down to (12500~12200) from (12700~12300).
The present strike is indicated.
In DEC series, BankNifty (9U7D) closed like this:
UDUUUDUDDDUUUUDD
HTML:
We follow the PUT and CALL windows with the boundaries, as :
DAY LOW~HIGH
========= =========
1 to 6 (FRI~FRI) 40Rs to 400Rs
7 to 11(MON~FRI) 35Rs to 350Rs
12 to 16(MON~FRI) 30Rs to 300Rs
17 to END(MON~THU) 15~25Rs to 150~250RS
This is not based on ANY formula , but on just observations of last few days.
The present strike is indicated.