Market Context -
Tomorrow market will mostly react on the outcome
and commentary of FOMC meeting in USA. Volatility will be high. Better to trade
on light quantity or no trade at all if the market will be out of pattern.
Nifty50 –
Same levels will continue
for this whole week. Today was sideways and Nifty was trading exactly between
the levels marked on the chart.
17200 will be a good
resistance and 17100 is a support as of now. This 100 points zone is just full
of volatility. Let market make some
pattern and we can trade accordingly.
Chart for reference-
BankNifty-
Today Banknifty was also trading in almost 150
points zone from 39850- 40000.
It can act as a good flip zone. Anything above and
below this zone can give us better trade opportunity for tomorrow.
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.
Comments
Post a Comment