Bank Nifty: 11 May 2021

As per system, carrying neutral positions initiated towards the end of previous session.

Unless proven otherwise, will prefer trading from the long side into the day.

Value area has been continuously going up since the past 6 days. Was an NR7 day so be very watchful for a breakout/breakdown and avoid initiating intraday straddles

33336-33339 range for mean reversion trades intraday.


Region between 32850 & 33000 has the highest traded volume for May BNF contract. For NF, it is around 14700.


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