senthamaraikannan

senthamaraikannan

nifty can reach resistance and go sideways or fall slowly

senthamaraikannan

bank nifty can be shorted in tomorrows second session target is today's low.

senthamaraikannan

We can go for buy in nifty above today's high. Target is channel resistance. From channel resistance we can short or open below control price we can short (confirmation in candle needed)This for tomorrows view.

senthamaraikannan

Bank nifty is showing some strength but nifty is not supporting Bank Nifty. It can travel in range for tomorrows session.

senthamaraikannan

Nifty will be in range tomorrow because initiative move have made by sellers today. Nifty is now below Value area so we need to wait and watch for new value area creation or is it going inside previous value area. Also responsive move will be slow for further up movement. control price is like gravitational pull. so tomorrow both buyers and sellers can do fight...

senthamaraikannan

Once the trend line break bank nifty will move down. This view is for Monday.

senthamaraikannan

We can go for short with confirmation. It is forming triangle pattern.

senthamaraikannan

nifty can form a triangle. Buyers can enter in support area. If support fails we can short for today. Thanks to my regular followers. You should identify the pattern early to ride the trend.

senthamaraikannan

We can see the chart a trend line is forming a break above or below will happen. As of now shorting would be better if trend line breaks.

senthamaraikannan

we can short bank nifty in downward channel resistance. If it breaks channel resistance don't go for buy because we are in downtrend follow trend he is our friend.

senthamaraikannan

If you see nifty downward channel formation is happening support taken twice in channel. we can short near the channel high. Note: If channel resistance breaks dont go for short trend might reverse for short time this for tomorrow's view only.

senthamaraikannan

Once the support breaks we can go for short otherwise it will be in correction. Avoid buying side for tomorrow intraday.

senthamaraikannan

We can short below the support zone (Green zone). It retested the Trend line also check in 4 hours inverted hammer. So go for short do not go for buy side.

senthamaraikannan

we can short below the support (Green zone) or else we can avoid buy side for intraday.

senthamaraikannan

we have to wait for the support to break which i marked in green. Then only we can go for short. As of now dont be on buying side for intraday.

senthamaraikannan

bank nifty will retest and move down. check the level of resistance and support which i mentioned in chart.

senthamaraikannan

in hourly time frame it will retest the close price or resistance line then it will move down.

senthamaraikannan

once it break the support it will be a good fall or else it will be travelling in this level.