My analysis for going short today on 14 Jul 2020 at close. View invalid if Nifty closes above 10900. My initial target is 10300. Target may increase depending on who fast and strongly 10300 gets broken.
Buy above 346 with a SL closing below demand zone.
Both CNX FINANCIALS & NIFTY PVT BANK indexes have made Bearish Harmonic AB=CD which also happens to be v close to their weekly & monthly Ichimoku resistance. Financials could retrace till 10500 while Pvt Banks could retrace till 11500. View would negate if they move and sustain above 11500 & 13100 respectively.
#Nifty #Nifty 50 #banknifty View for today
Either Range Breakout or Inside Range Trade
As per charts. Today's trade. Future Reference