The_RedTicker

BANKNIFTY INTRADAY for 15 Jan,20

NSE:BANKNIFTY   NIFTY BANK
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.
Comment: I took one trade in morning, few mins in and out.
Now, I am looking two things, one in nifty and niftybank .
Comment: 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)

Comment: 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.

Comment: *even now iam not certain (sorry for the typo)
Comment: 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.
Comment: sl below today's low (below the lowest point of head) and target should at least be 50 points for now

Comments

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