bank nifty future chart
possibility 1 =
in BN short covering can happen beacuse ( retailers made heavy short positons & fii & pro in long ) so if 59400 break out then short covering can come.
possibilty 2=
if gap down happen / sudden down move , then if market did not move above pdc before 11:30 , then long positions will get squireoff then , long unwinding will come,
i am 70% bullsih & 30% bearish
as i always say
"trade in where market move not where you want".
if you like my analysis
(((((((( follow , boost)))))my idea so you that you can get future updates
possibility 1 =
in BN short covering can happen beacuse ( retailers made heavy short positons & fii & pro in long ) so if 59400 break out then short covering can come.
possibilty 2=
if gap down happen / sudden down move , then if market did not move above pdc before 11:30 , then long positions will get squireoff then , long unwinding will come,
i am 70% bullsih & 30% bearish
as i always say
"trade in where market move not where you want".
if you like my analysis
(((((((( follow , boost)))))my idea so you that you can get future updates
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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.
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.