Zones for tomorrow are mentioned on chart. For Banknifty, today was almost like a tennis game, equally strong fight at both ends of the range for the day.
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I took one trade in morning, few mins in and out.Now, I am looking two things, one in nifty and niftybank .
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NIFTY:Shouldn't enter or sustain inside the triangle again, this time i dont believe it will have strength to break back up (for the time being)
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BANKNIFTY:Can you spot the H&S pattern in making?? I have been eyeing that since US-IRAN responsive move upside. I was expecting the confirmation by tomorrow, even now I am certain but today's OI change will confirm when I am right nor wrong.
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*even now iam not certain (sorry for the typo)Note
Also The_RedTicker strongly believes, looking at today so far tomorrow's expiry day will be just like yesterday and so will be very difficult to catch any intraday trend.Trade active
Will relatively look for a long on future, if banknifty spot completes this small time frame H&S.Note
sl below today's low (below the lowest point of head) and target should at least be 50 points for now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.