So bank nifty today also closes on the same level where the last four days close. What I mean to say, the means price cannot be on the same level for a longer period, it has to move up or down. In this chart, I have given you an example of last week's (black pencil mark), from the last 4 days, the closing was on the same level, and on Friday it was a trending day.
So now also bank nifty is doing the same thing, from last 5 days bank nifty closing is the same, thus means there can be a great move tomorrow, it can be upside or downside. As bank nifty is bullish, giving a bullish closing I am expecting on the buy side.
If bank nifty breaks the previous day's high(PDH) we will go long, and if breaks the previous day's low(PDL) we will go short.
So now also bank nifty is doing the same thing, from last 5 days bank nifty closing is the same, thus means there can be a great move tomorrow, it can be upside or downside. As bank nifty is bullish, giving a bullish closing I am expecting on the buy side.
If bank nifty breaks the previous day's high(PDH) we will go long, and if breaks the previous day's low(PDL) we will go short.