Market Context - Bullish to sideways.
Data
looks bullish as of now and expecting market to go slowly on upside. As Friday
was already a trend day, so market can be a bit slow and lazy on Monday.
Nifty50 –
PDH will be play as an
important resistance level for the Nifty50. SGX Nifty is suggesting a gap up
for tomorrow as well, but don’t go long blindly.
17560 is a good support.
It can give a good long opportunity if Nifty comes at this level and sustain
here.
For tomorrow, the levels
are marked on the chart.
Chart for reference-
BankNifty-
BankNifty has given a good rally lately for last
one week. Still trend looks strong and bullish. 41450-41650 is a zone where it
may spend some time before going up.
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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