Market will give a good opportunity soon. But stay cautious tillSo as we analyzed yesterday "Smart Money is Booking Profit on Every Bounce" we got more than 100 points drop in $NSE:NIFTY. And that gave us a supply candle today.
We will see a more downside. But tomorrow's expiry can give us a sideway day.
Before than Earning Season market will reset itself and many stocks will be forming The Earning Pivot.
Be cash Ready. Do not deploy money in market on any impulsive trade. you gonna get a very good opportunity soon.
The next support for Nifty will be at 25222. The Resistance we gonna face at 25335.
However, individual stocks where Smart Money is flowing, will keep giving good blasts. But that too should be used only for trading and not holding for short term.
#Tyre industry looking awesome. I mean, just look at $BSE:GOODYEAR.
NSE:BANKNIFTY also giving same vibes as Nifty.
Support fir intraday stays at 57004. If that breaks than 56704 will be next stop. Resistance at 57303.
If you are a new trader, this is time to take a pause and learn a proper setup and right timing entry.
That will be all for the day. Avoid margin trading at any cost. Use tight SLs in positions.
Take care. have a profitable tomorrow.
