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)
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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.
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Will relatively look for a long on future, if banknifty spot completes this small time frame H&S.
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sl below today's low (below the lowest point of head) and target should at least be 50 points for now