As we can all see nifty has a negative correlation with the dollar index, so either the dxy should come back to 100 or nifty if breaks 16850 on 3hr time frame, i.e one 3 hr candle closes below then we can short it and if closes above 17950 then we can go long with heavy future till then it's sideways one can make iron condor for it or can scalp in intraday...
As we can all see and do a simple trend analysis banknift recovered from lows and is moving to make a new high. We can see it's in uptrend and would make a new high , but due to global movement it looks difficult anyways here's the trade.
buying futures here with the sl 36k and target 42 k.
Double bottom pattern
NIfty maybe at bottom
1) Can pickup good quality smallcap stocks
2)Can start buying nifty etf for good 10%returns
3) bull spread would work best
above 17500 nifty will become bullish and 90% chance it will form new high.
