Thesis: Geopolitical uncertainty (war) may trigger risk-off sentiment. Sideways price action suggests distribution pattern forming. Bearish divergence on higher timeframes indicates weakening momentum. ABCD pattern supports a potential reversal from the distribution zone. Entry: Short below the distribution support level (yellow rectangle on your...
as we can see we are trading on almost same range from 2 days. now this range bound market open chances for having a big breakout or breakdown. I will keep my bias downwards until I get a strong positive sentiment about the market. I will again not be interested in taking any long trades for tomorrow . lets just patiently wait and watch what market gonna do this week.
as we witness a very tight range in bank nifty today. are we gonna have a blockbuster expiry on 07/04/22.as u know traders we should not work on assumptions. I say this cuz I have seen the option data, market sentiments& price action which is indicating a correction in indies tomorrow. BIAS will remain short for tommorw. will not be interested in taking any...