BankNifty Chart analysis. Trading plan for tomorrow and Level.
Nifty turned into bearish mode on expiry.Today it will try to continue same directional momentum
Price Point and how to trade it. Nifty Daily chart analysis.
Nifty is currently trading within Straddle range wait for breakout or breakdown of that range for major momentum.
Nifty moving in a very short range and trying to hold 18600 level.
If Nifty opens sideways first 5min candle will be a decisive candle.
Nifty Break All Time High today and make a new high, so right now previous swings will act as support and it’s a buying-on-dip situation in Nifty but if buyers failed to hold the 18600 level and Nifty starts trading below that level it might be a breakout failure. But wait for the previous swing level break for making shorts in full quantity.
For the last 4 days, Banknifty is closing within a range. Market is moving on an intraday basis but closing continuously within a range. Banknifty is closing around 43000 so there are many straddle positions of 43000 strike price if market break this range options sellers have to close one leg of the straddle position and we might see a trending market tomorrow...