Nifty opened flat and started falling exactly at yesterday range. Let wait for the confirmation, Since expiry should play very careful.
In 15 Mins bank nifty formed a pole and flag pattern. Either side BO can give very good move. Let wait trade to come to us, Will not chase trades.
What a smooth fall in Dow, After range BO. Price action is very key for BO Trades.
Dow falling from previous highs, with 2 big candles. Its falling lower than expected, Lets keep any eye on dow for few days for directional bias.
Still zones are valid, Should wait for either side break out to trade. Let wait and watch. One important thing today is price is above Vwap & Daily & Weekly Pivots. Since its an expiry tomorrow, Should play with handful size. Happy Trading.
From 5th January Bank Nifty struck in a range, i.e 42,650 to 42,700 on upside is a stiff resistance for this expiry it seems & 41,750 to 41800 is the biggest support it seems. One more important observation is market is very volatile in this range.On the directional side we can go long only if it breaks 42,700, Short side we can look only after breaking 41,700....