Tarun_Kumar98

Tarun_Kumar98

Decent correction has already happened, should move up now. Decent setup here with RR 1:4.

Tarun_Kumar98

Short-medium term trade with 1:3 Risk to reward. I think a lot of long positions got liquidated with the big red candle. And now we should head higher, can take some time though.

Tarun_Kumar98

I think the current correction is over and we should be pushing higher. A good risk to reward trade is available.

Tarun_Kumar98

Saw some buying at the end of today's session (22 Nov). After the break of trendline, more and more retail will enter short, which can possibly lead to a short squeeze.

Tarun_Kumar98

Current selling pressure likely to be absorbed near the given buy levels, and we can possibly see a reversal near these levels.

Tarun_Kumar98

Bank Nifty should continue its rally. If in some case it comes down or gap down, it will not be a good sign as we will again come in the range. If after a breakout, we come inside the range again, it is possible that the breakout was a fake breakout.

Tarun_Kumar98

Can use the strategy of buy on dip as long as above 14025. Below that will have to see and then below 15945, we will be sideways to bearish again.

Tarun_Kumar98

If we cross or open above a resistance it becomes support and if we go below a support or open below a support it becomes a resistance.

Tarun_Kumar98

Below 15945, was maintaining sideways to bearish view. Now sideways to bullish as long as above the same level of 15945.

Tarun_Kumar98

Overall still bearish to sideways. Need to close above the zone shown in the chart to be bullish again.

Tarun_Kumar98

Overall still bearish to sideways. Need to close above the zone shown in the chart to be bullish again.

Tarun_Kumar98

Looking weaker compared to NIFTY, if we got downward pressure, can fall faster than NIFTY.

Tarun_Kumar98

If moves above 15850 have to looks towards bullish side for now. But don't took big positions, trade small.

Tarun_Kumar98

If we open above a resistance, it acts as support and we can likely move towards the next resistance.

Tarun_Kumar98

Tomorrow monthly expiry so I have marked likely range for tomorrow. But if sustains outside that range, then can move directionally.

Tarun_Kumar98

Overall view still bearish in my opinion, even if we get bullish signal I would say use less quantity.

Tarun_Kumar98

All levels marked on chart.

Tarun_Kumar98

In sideways zone for now, look for small bounces during intraday near support and resistance levels. If sustains above or below the levels, enter long and short accordingly.