The week sellers are present the price can rip all the lazy short and short squeeze excepted
One should wait for the move to happen on the either side of the range then today is sellers day Straddle day
This is just the probability manage risk well If the index doesn't scale higher then we can Except the following auction
A healthy bounce can be achieved Approx 300pts
the price is coming to the demand zone if it's respected then we can get 1.6R trade
now the reliance is trading int the zone once it breaks out the zone the following levels may seen
Hindalco has given a good breakout and it has achieved its technical target of 42 points now it may take a breather for a while a good break and retest setup may occur in the stock in futurere
Keep an eye on ONGC FUT. if trades above 120 in morning session and sustains then and up move with short covering can been seen
the trend has changed in the lower time frame little high risk trade
a] banknifty is heading higher
