So far, #NIFTY and #BANKNIFTY were trending upwards; however, the overall structure is still trading in a broad bracket. Will markets stay within this bracket? I have tried to explain this concept in this video. Kindly let me know your feedback or questions in the comments:) Thank you:)
NSE:BANKNIFTY1! Hey There, So far, #NIFTY and #BANKNIFTY were trending upwards; however, the ending session's volume accumulation is not good for this move unless the price opens above the accumulated zone and accepts. Till then, sideways to bearish move can be expected. Is it an indication of Uncertain volatile expiry !? Well, I have tried to explain this...
If the market is pulling towards upside direction with less magnitude towards downside direction we can call it as an uptrend. Characteristics of an uptrend: 1) Higher High and higher low pattern in the swings 2) Less magnitude in secondary swings or downside swings in this case Hope this helps:) Nataraj Malavade Author of Mastermind of Day Trading Quant Trader...