With reference to Jetli's comments on additional infusion of capital for banks to face and come out of bad loans, there will be a good time for bank stocks in the forthcoming weeks. The bankNifty has performed an upside move of around 400 points yesterday which can not be compared with the other normal day of bank Nifty trading.
The following key levels are to be considered for today's trading in bankNifty:
Going long above 18455
Going short below 17870
The following key strikes are to be considered for today's trading in option:
18400CE
18000PE
The option writers can consider the following combination of call-put with a target of 10+ points profits and 10- points as stoploss.
18800CE+17800PE
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