same as nifty chart refer nifty chart link is below.
Things are mentioned in chart so trade with candle confirmation at value low or high tomorrow.
Nifty slowly changing its direction to upside we can go for buy in channel support.
weather it is excess or trend change have to wait
have to wait for today's day candle
We can short near channel resistance and wait for the given target to reach. Check nifty view both are similar.
Still the downtrend continues tomorrow we can short nifty at channel resistance and target level mentioned. If tomorrow gap down opening it will reach the target quickly.
Nifty out of channel in excess region also sellers presence visible in shooting star. We need to wait for some time to get confirmation because daily candles showing buying pressure but today s last two 30 mins close is bearish which is key to tomorrows opening.
refer to nifty chart similar view can happen to bank nifty. If today's high broke and traded above it will form new range.
As discussed earlier in chart it will reach resistance of the channel with confirmation of reversal candle we can short because today's daily candle took support.
bank nifty can go for short same as discussed in nifty post.
In channel resistance we can short nifty also the targets are given below. If it is not reaching the first level of target then it will start to rotate price. Also the price can be pushed upward near control price so don't go for buy and trap yourself.
it can go sideways or fall slowly after reaching channel resistance