Nothing on the chart though just fundamentally.
Nifty forming a rising wedge and the Big Players are looking for even the smallest of triggers to sell it off. Keep an eye, get along with them and get your pockets hefty. Trade only on levels.
Be patient while opening a new position and strictly follow the levels. Too much volatility ahead! Currently a buy on dips market but should be applied with a proper risk management strategy in place. Risk averse traders can wait for Nifty to close above 9125 for an assured up move.
The Unfilled Gap of the 14th is a concern until Nifty holds above 9125 on closing basis. This Bull Run is good and all but the gap up occurred on the 14th of March never got filled properly and is always a concern. Only if that gap was filled, it would have been awesome. If it gets filled before the big move then it will be more assuring up move. Till then the Big...
Key resistance levels for Bank Nifty up move 21180 21220
SL - 20975 TGT - 21220/21280/21330
Nifty would open with a negative bias. On charts it looks like Nifty's going to form a double bottom before moving up. So we can ride that selling rally for the target of around 9020. The level for accumulation is 9020 and also if Nifty closes the day above 9120 then we can long too. Range for Nifty is 9020-9120, breaking which Nifty will give a breakout in the...
Key resistance level 9060 SL - 9087 TGT - 9020/8997
Market is too greedy right now and that serves as good Risk Reward Trade. Lets see...