Bullish but volatile - Nifty and Banknifty Setup So as anticipated, the dip was bought and the market moved just the way I mapped it. When price action aligns with planning, it creates the perfect environment for my trading system to thrive.
NSE:NIFTY Pivot has now shifted to 24843. Support is right below at 24830, below that 24700 and the important resistance remains at 25000.
What’s more interesting is that Pivot Percentile has dropped to just 0.05%. Such tight compression often leads to an explosive move — and we need to be ready for it.
While intraday structure looks bullish, there's a red flag on the daily chart — sellers have outnumbered buyers by 40 million in volume.
So what we’re looking at is:
Price Action: Bullish
Volume: Bearish
And that = a highly volatile environment.
Again, sticking to my Earnings Pivot strategy is proving to be the most effective and safest approach in this kind of market.
Over to NSE:BANKNIFTY — Pivot is at 56178, support is near 56000, and resistance lies at 56700. Structure here is also shaping up bullish.
Sectors that are heating up include:
NSE:CNXFINANCE , #FERTILIZER, and #AGROCHEMICAL — all showing signs of strong rotational momentum.
Now to today’s trade performance — another solid day of execution:
1. NSE:HIRECT – up 13.96%
2. NSE:MBAPL – added 7.26%
3. NSE:KRN – closed 5.82% higher
4. #SCODATUBES – gained 4.88%
5. #LT – moved 4.85%
That wraps it up for the day. Stay focused, stay disciplined, and may tomorrow bring more greenery in your account. Take care and trade safe.
