NIFTYBANK: Path, Polls and Parade!
It is clear, there is no debate on open, there is no debate on how much it will open. Cues are there.
The question is how much it can stretch. What is the expiry led moves that one can see here.
1. This index held its never in the fall relative to any other sector, hence the more weightage will come from here. How much, non-index stocks move or not one has to wait and see.
2. The PIP graph shows we ended the wave 2 and today's move is part of the wave 3. Ideal projections are 50170-50430-50918, will it be just in the day or we hit and fall later one has to see.
3. Always remember, this INDEX reverses from the extremes without any underlying notice in the technical set up.
While the stars align today, the polls show one way, the path looks clear. Pick those the winning horses.
49300 is the new base and if that is not held on the daily close (assuming we gap up and remain gap up), is the first concern.
Difficult to post a support and resistance of minor degree 250 point of each is the assumption that is near 0.5%.
The question is how much it can stretch. What is the expiry led moves that one can see here.
1. This index held its never in the fall relative to any other sector, hence the more weightage will come from here. How much, non-index stocks move or not one has to wait and see.
2. The PIP graph shows we ended the wave 2 and today's move is part of the wave 3. Ideal projections are 50170-50430-50918, will it be just in the day or we hit and fall later one has to see.
3. Always remember, this INDEX reverses from the extremes without any underlying notice in the technical set up.
While the stars align today, the polls show one way, the path looks clear. Pick those the winning horses.
49300 is the new base and if that is not held on the daily close (assuming we gap up and remain gap up), is the first concern.
Difficult to post a support and resistance of minor degree 250 point of each is the assumption that is near 0.5%.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.