I will wait first one hour for my level and also trade opportunity. My view is sideways to bearish.
Nifty is sideways to Bearish. It may creates Liquidity for upside movement. So It may first may run lower and consolidate and then go the upside. View may change after price action and data may change.
This is my view and it may change .Bank NIfty and Nifty both Future may be in a range and sideway (to Bearish). I will observe the weekly opening and 1st half of the next session. Then I will plan my trade. Next week option data is important.
Today is the retracement day. Banknifty may retrace 62% fib level. I will wait for Initial Balance.
BankNifty and Nifty both go lower. Nifty High is alreaday made. I will go short
It is very difficult to trade in all time high near monthly expiry .I generally avoid today. If Nifty consolidate near yesterday high and R1 pivot .Then Breakout either side . I will go that side. Initial balance is my range.
plz donnot long/buy. Nifty may run higher but now better to stay away. Focus on Stock
Watch One hour of the Nifty movement , If Nifty takes support then it will go to 21600 level.
For this week Nifty and Bank nifty may go sideways as the year end and most of the FII inactive due to Holiday. So My target is to play in range. Sell on rise and Buy on dip
Generally in the End week of December , Market becomes sideway with High fake out and liquidity runs/stop hunts.So please be attentive.If setup is formed , then buy or sell according to it, otherwise wait and watch policy.
Bias is Bullish . We have to wait .Nifty might came down under 21000 level. I will wait and the plan was to buy on dip