Market Context - Bearish to sideways.
After
a more of a trending day on Thursday, market is again at good support region. Nifty
is more bearish as it closed below previous two days with a big red candle.
Nifty50 –
17525-17545 is a good
region for buying on long side. For tomorrow, the levels are marked on the
chart. Below this zone again we can see 17300 levels.
Chart for reference-
BankNifty-
BankNifty is still strong on charts. The zone
marked is working perfectly (mentioned in previous blogs as well).
Chart for Reference-
Abbreviations
used in Chart-
PDH – Previous day High
PDL – Previous day Low
PWH – Previous Week High
PWL – Previous Week Low
NOTE: THIS BLOG IS ONLY FOR EDUCATIONAL
PURPOSE. TRADE WISELY.
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