Nifty and Bank Nifty view.
Keeping in mind today's low in Nifty and Bank Nifty. This is the trade setup for tomorrow.
Nifty and Bank Nifty both have formed a cup and handle formation on 45 minutes chart.
Any dip in Nifty till 11000 should be bought.
The resistance for Nifty is 11145 and immediate support is placed at 11080.
Weekly support in Nifty is at 11104 levels.
Once it breaks 11145 with a green Marubozu candle long can be initiated for an up move till 11194 - 11210.
Bank Nifty immediate support is at 28000 and 27963. These levels have to be safe for further move.
Here also a cup & handle formation is witnessed on 45mins charts.
If it starts trading above 28275 for some time, 28343,28486 and 28600 can be seen on screen.
keeping in mind the weak global markets, above that the weekly expiry is nearing, take your positions wisely with strict stops.
Nifty and Bank Nifty both have formed a cup and handle formation on 45 minutes chart.
Any dip in Nifty till 11000 should be bought.
The resistance for Nifty is 11145 and immediate support is placed at 11080.
Weekly support in Nifty is at 11104 levels.
Once it breaks 11145 with a green Marubozu candle long can be initiated for an up move till 11194 - 11210.
Bank Nifty immediate support is at 28000 and 27963. These levels have to be safe for further move.
Here also a cup & handle formation is witnessed on 45mins charts.
If it starts trading above 28275 for some time, 28343,28486 and 28600 can be seen on screen.
keeping in mind the weak global markets, above that the weekly expiry is nearing, take your positions wisely with strict stops.
Zlecenie aktywne
The upmove in last 30 mins was fantastic. Maybe we can assume that the handle formation is over and now a strong upmove may start from here keeping in mind todays low now!!! Let us see what happens next!!!
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