Hi, This is daily chart and not the customary 15 min chart. The pattern is now bullish and I have shown fibonachchi retracement. BNF retraced from 50% levels (around 120 points above 50% levels) which has fairly good probability for retracing. Today's move of higher high and higher low (despite finishing a doji type candle) still shows signs of bullishness and it broke quite a good resistance at 31400, though it did not close above that level . This move has the potential of breaking previous lifetime high. I did not post on 15 min chart because I could not find any credible BUY levels for tomorrow's intra-day trade.
NIfty and BNF will start new series from tomorrow and hence option chain is not yet well populated to reach any good conclusion, at least for me.
There was good amount of buying and selling in index futures, equity and stock futures by FIIs and DIIs, so there were trades in both directions.
NIfty and BNF will start new series from tomorrow and hence option chain is not yet well populated to reach any good conclusion, at least for me.
There was good amount of buying and selling in index futures, equity and stock futures by FIIs and DIIs, so there were trades in both directions.