Nifty50 –
Today there was selling
pressure from first minute in Nifty. And then again it recovered whole downside
movement almost.
Tomorrow after opening
gap up, if we get Nifty around PDC (17000-17020), wait for market to sustain
there and then we can plan for long trades. Target can be around 17100 and
17150.
Any bad news or Nifty
starts trading below PDC, we can again see levels of PDL and PWL.
Chart for reference-
BankNifty-
BankNifty
was stronger compared to Nifty today. It didn’t breach its yesterday lows as
well.
Flat to bit positive(50-60)
points opening can give a good long opportunity with targets of 39600,39700.
Any downside
rally is possible only below PDL.
Chart for reference-
Abbreviations
used in Chart-
PDH – Previous day High
PDL – Previous day Low
PWH – Previous Week High
PWL – Previous Week Low
PDC – Previous Day Close
NOTE: THIS BLOG IS ONLY FOR EDUCATIONAL
PURPOSE. TRADE WISELY.
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