By seeing previous day data it seem nifty will consolidate for some time now as its major resistance will be @17450 and major support is around 17200 if nifty break 17450 level my next target will be 17800 as if you go to daily time frame whenever nifty given breakout its make straight bullish candle for 2 days ( back-test these if you need conformation)
As if...
according to data banks shows weakness ,where as nifty shows bullish data for future , according to me tomorrow their will flat opening and if bank nifty break 36500 level than i will be bearish for the day other wise it will be boring sideways days "good for optional seller ".
{ who are directional or non directional trader ? }
#index #nifty #banknifty #optiontrading
trend analysis for tomorrow . their is too much votality in the market . now due to new sebi rule fii"sand dii"s have more power in the market which makes retailer hard to gains
As sgx nifty shows positive sign as well as in chain option . but from my point of view tomorrow price will consolidate in particular region
bcz of too much calls and put righting are done in both the side , however we are ready for anything we have marked the levels and i will follow this trend line for tomorrow
