29143 is resistance on daily candles. Purple lines are daily resistances. Bank nifty can go up to 29252 if sustains above this level today. Short the market only when the trendline breaks and do that for 30-50 percent retracement in 1 min chart. If you are shorting do scalping because the market will bounce back. Wait for a couple of days and if the scenario builds for shorting then short.
Komentarz:
Look how greatly the support trendline is being respected. But in 1 min chart, we got a breakdown in the morning, a scalp short trade was definitely there.
Komentarz:
29239.25 high spot. :)