Hello traders,
The Bank nifty really checked patience on both the sides of markets. This clearly seems like consolidation. While there are few gaps and Liquidity crunch, which the market is also adhering to. Please go through the pic to understand better , the Bank Nifty is taking a sharp Support near the 38000 levels, which happens to be above a gap, this is a dilemma most traders go , while it needs to break with strong volumes to take the prices lower.
The upper side has strong liquidity of sellers which was evidently seen today in the first 15 mins candles. Plan your Trades accordingly.
Sharan Hiremath
Insta = Tradediary101
The Bank nifty really checked patience on both the sides of markets. This clearly seems like consolidation. While there are few gaps and Liquidity crunch, which the market is also adhering to. Please go through the pic to understand better , the Bank Nifty is taking a sharp Support near the 38000 levels, which happens to be above a gap, this is a dilemma most traders go , while it needs to break with strong volumes to take the prices lower.
The upper side has strong liquidity of sellers which was evidently seen today in the first 15 mins candles. Plan your Trades accordingly.
Sharan Hiremath
Insta = Tradediary101