Towards the Close of the day 6050 was saved and SPOT closed at 6059. In the lower timeframe, BUY signal generated at 6048. Let us see if it holds.
As per the 60 min Chart the Pivot was at 6051 and NIFTY closed above the Pivot. So I think the next UP side target should be around 6138-6142.
The problem is that NIFTY and BANKNIFTY are NOT moving in Tandem
The MAX Pain is still at 6100
Option Traders , those who want to Trade Pairs, should Try and Sell 6100CE-6100PE @ 75
As per the 60 min Chart the Pivot was at 6051 and NIFTY closed above the Pivot. So I think the next UP side target should be around 6138-6142.
The problem is that NIFTY and BANKNIFTY are NOT moving in Tandem
The MAX Pain is still at 6100
Option Traders , those who want to Trade Pairs, should Try and Sell 6100CE-6100PE @ 75