nifty pre market analysis
28 AUGUST ANALYSIS:
Daily analysis:
[Market could become bearish if it breaks previous weeks low]
[Psychology- new buyers will only activate above 45000 banknifty, 19500 nifty ]
[and seller will activate below 44000 bnifty, 19220 nifty]
PS-Position size
Nifty opens:
[in between trade in small qty chances of remain in range bound could be higher]
side: if it gives breakdown (2 step - 30+50)
gapup: buy if it gives breakout after consolidation (2 step - 30+50)
gapdown: sell after price-action(100%)
Daily analysis:
[Market could become bearish if it breaks previous weeks low]
[Psychology- new buyers will only activate above 45000 banknifty, 19500 nifty ]
[and seller will activate below 44000 bnifty, 19220 nifty]
PS-Position size
Nifty opens:
[in between trade in small qty chances of remain in range bound could be higher]
side: if it gives breakdown (2 step - 30+50)
gapup: buy if it gives breakout after consolidation (2 step - 30+50)
gapdown: sell after price-action(100%)
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