Intraday Nifty & BankNifty ideas for Nov 8th 2023
Nifty: Opened slightly gap up and tested Previous Day High PDH. If traded above opening high and mid channel can test channel high SL PDH
If sustained below opening low can test Pivot and bounce to form a new high
Buy at lows or above opening high
BankNifty: Opened slightly gap up and tested PDH, bounce above day's opening high then can test channel high SL PDH
If sustained below opening low can test Pivot and 21ema to bounce back to form a new high
Buy at lows or above opening high
If sustained below opening low can test Pivot and bounce to form a new high
Buy at lows or above opening high
BankNifty: Opened slightly gap up and tested PDH, bounce above day's opening high then can test channel high SL PDH
If sustained below opening low can test Pivot and 21ema to bounce back to form a new high
Buy at lows or above opening high
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