I have a bearish bias in Bank Nifty on a daily and a weekly timeframe purely based on the available liquidity pools on the sell side. Again this is purely based on price action and technical analysis using some ICT concepts. Fundamentals of underlying stocks, news and other factors may always override the technical analysis. Let's see what happens!
#BankNifty #Index #Nifty
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On the 13th Bank Nifty filled all the imbalance moves and tapped the PDH. I still have a bearish bias for the expiry. Testing 44600 >> 44400 is possible in the coming days if the price doesn't break today's high. Let's see. Daily Bias being Bearish doesn't mean we won't have long opportunities.
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Price bounced off from 44600 onwards. My Bias proved to be faulty. Will see what happens next week! Thanks for viewing and liking the post! It encourages me to post more.
Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade