Nifty | BankNifty | FinNifty context with levels on chart.

Recap - Last week, the markets were largely positive compared to various sell-off attempts. In particular, Nifty was stronger than BankNifty throughout the week and closed decisively above its near-time high from May 16th on Friday. While BankNifty also managed a close near day highs, it remains below 44100.   Market Context for Tomorrow -  Looking at current scenario, expecting market to trade on positive side. The sell offs on last week didn’t create any panic and market has created a good support for next up move now.   Nifty50 – Nifty has given a good upside move and expects the same to continue. I am expecting Nifty to make an all-time high this time and cross 19000. Targets on the upside are open now and we can easily take long-side trade given that it is above PWH. Any big gap up, don’t chase it. Let Nifty come around 18500 and then we should plan for a long trade. We will only be bearish now if the market breaks its PDL, which seems to be not happening on Monday

Recap - A sideways day in Nifty and some action in BankNifty. BankNifty was trying to go below the 43100 but seems like Nifty has helped in staying flat. Overall market has managed to close flat on the day end. Today both Nifty and BankNifty opened gap down at our first target and then took support from there so no trade formed. Market Context for Tomorrow -   Nifty’s data is looking more bearish compared to BankNifty. Tomorrow market may react more on basis of the USA’s Fed meeting outcome. Also it is an expiry day hence any negative sentiment can give a good trending day on downside. Both Nifty and BankNifty needs to be in sync to give a trending day otherwise same range day can be seen.   Nifty50 –   Today Nifty has moved just in 60 points range for whole day. Both PDH and PDL are crucial now for any significant moves. Plan is simple. An opening above PDH and trading there at least thirty minutes can give us a long side trade. Targets will be 18170, 18200. Below

Recap - Today market opened at a small gap up and then went inside a range for whole day. There was no momentum in market. Nifty and BankNifty were trading merely in 50 and 150 points respectively.   No trades at all.   Market Context for Tomorrow -   PCR and OI (open interest) data giving some hints that we can go downside which will be a good pullback given that market has already shown a good rally in past weeks. Stay cautious, don’t go longs right now as R: R is not favourable on upside. Nifty50 – Nifty opened with a slight gap up and it was trading at our drawn level of 18135 for whole day and took support there. For tomorrow again longs are not recommended. Any gap up we will wait for some price action to form giving signs of bearishness and then we can plan for some short trades. Keeping targets as 18100, 18050. Big gap up will already open near 18200 and then again Nifty can show some consolidation, hence will avoid trading there. Chart for reference-   Ba

Recap - Both Nifty and BankNifty were sideways to bullish the whole day with major action coming in last thirty minutes which is mostly due to adjustments done by big players. Our targets on the upside were hit on both indices. This whole week indices were opening flat and closing at a day high, especially in Nifty which gave almost one sided move daily.   Market Context for Tomorrow -   Now for next week, I am expecting some consolidation as both indices have crossed their psychologically big number of 18000 in Nifty and 43000 in BankNifty. A pullback is needed before the market starts trading upside. This will allow us to create fresh longs with a favourable R: R ratio. Nifty50 – The plan is to wait for a pullback before going for a long trade. If Nifty opens flat or near 18000, wait for some bullish price action to form at least on 15 min candle chart. Then our target will be near PDH or 18100. If the market opens a big gap down or starts trading below 17960, t