Good Morning Everyone
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So after a small correction we again are back strong and on the way to create another new high
For Today If we open a Gapup Of More Than 75 points then it won't be a good trending day and most probably Nifty will time pass,For Nifty to give a good upmove it needs to break 24955 and sustain positively for 15 mins that will also indicate an Inverted Head & Shoulder Pattern Breakout In 15 mins timeframe and we can expect a good momentum,Incase of any dip near 24750-775 we make any positive price action or take any kind of support that too will be a good buying opportunity
Nifty will trap only if we open a big gapup & to trade that simply use First 30 mins setup
For Selling In Nifty,We have two areas,First is the bounce near 24150-170 range,its a Line of control acted as multiple support & resistance,Incase Nifty makes any negative price action one can take a short side trade,Second selling opportunity is when the structure in 15 mins timeframe changes and Nifty goes below 24840 below that a good 70-80 point dip is easily possible
BUYING LEVEL - 24955 & 24750(If takes support)
SELLING LEVEL - 24840 & 25150(If takes Resistance)
For Banknifty There are more opportunities to trade,For Buying,Not a very big opportunity today but if we go above 50170 and sustain,a quick move towards 51300 is possible,For a fresh and good buy trade,Wait for a dip near 50850 and there if it takes support or makes positive price action one can plan a buy trade
For Selling Currently There is Just 1 Opportunity at bounce and that too only because past 2 trading days have been pretty trending and a bounce near 51300-51350 zone is a very crucial area which has multiple times acted as support & resistance,Incase it makes any negative price action here a good selling opportunity is there
Overall Today Trade Safely, Opportunities & Momentum won't be very smooth like Friday & Monday
Will post some investment insights on Whatsapp Channel,Make sure you join them
Happy Trading Day!
First Of All Kindly Join Our Whatsapp Channel,Incase Telegram Gets Banned All Updates Will Be Shared There,Join Using Below Link👇👇
https://whatsapp.com/channel/0029Vahsuh0EAKWJpY6DkY38
So after a small correction we again are back strong and on the way to create another new high
For Today If we open a Gapup Of More Than 75 points then it won't be a good trending day and most probably Nifty will time pass,For Nifty to give a good upmove it needs to break 24955 and sustain positively for 15 mins that will also indicate an Inverted Head & Shoulder Pattern Breakout In 15 mins timeframe and we can expect a good momentum,Incase of any dip near 24750-775 we make any positive price action or take any kind of support that too will be a good buying opportunity
Nifty will trap only if we open a big gapup & to trade that simply use First 30 mins setup
For Selling In Nifty,We have two areas,First is the bounce near 24150-170 range,its a Line of control acted as multiple support & resistance,Incase Nifty makes any negative price action one can take a short side trade,Second selling opportunity is when the structure in 15 mins timeframe changes and Nifty goes below 24840 below that a good 70-80 point dip is easily possible
BUYING LEVEL - 24955 & 24750(If takes support)
SELLING LEVEL - 24840 & 25150(If takes Resistance)
For Banknifty There are more opportunities to trade,For Buying,Not a very big opportunity today but if we go above 50170 and sustain,a quick move towards 51300 is possible,For a fresh and good buy trade,Wait for a dip near 50850 and there if it takes support or makes positive price action one can plan a buy trade
For Selling Currently There is Just 1 Opportunity at bounce and that too only because past 2 trading days have been pretty trending and a bounce near 51300-51350 zone is a very crucial area which has multiple times acted as support & resistance,Incase it makes any negative price action here a good selling opportunity is there
Overall Today Trade Safely, Opportunities & Momentum won't be very smooth like Friday & Monday
Will post some investment insights on Whatsapp Channel,Make sure you join them
Happy Trading Day!