Nifty - Was That Shark Bounce or Sharp Bounce 13600-14700-What Next?
Amazing session for Indian Stock Markets & Possible Reason for moves which unfolded on 1st Feb2021
• Harmonic Pattern
• Heaven’s Message
• Indian Budget2021
• Stock Updates
Harmonic Pattern
Bullish Shark Pattern which was suggested last week with trigger level above 13850 & targets of...
Banknifty has retested the 30850 level already.
I am expecting sharp selling below 30220 level.
Hence, my plan is mostly sideways to downtrend directional trading and selling call is preferable since IV (Intrinsic Value) will be high and we can get the good premiums.
All the imp levels are marked on the chart.
Cheers.
