Today was a full swing day but volatile. Same thing goes for
tomorrow as well. Stay light on the quantity. Just work near good and
significant levels as R:R will be good.
Nifty50 –
As I have written
yesterday that 17200 is a good resistance level and Nifty exactly started
falling from there and closed near day low.
Any flat opening near PDL
can again give a long opportunity till 17200 levels.
Chart for reference-
BankNifty-
BankNifty also tested our target and resistance levels of 40200 and then a sharp fall.
So tomorrow also if we get flat opening we can plan
for a long trade after seeing price action formation.
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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