Straight to the point
1. levels marked are real important
2. I am all the way for shorting tomorrow but it can go sideways or recover in the second half
3. if it recovers then at 9th we can see good selling.
4. selling below the first is more preffered.
If BANKNIFTY comes below 34550 then selling pressure can be seen, the rest is plotted in the charts.
For expiry, we can see a second-half trending expiry
Alright!
The market has shown what could never ever have come in my dreams. 2000 point momentum, just .......!
Here is my prediction for tomorrow
- Highly Volatile (Most Probably)
- Range-Bound Market (300-400 point) (Most Probably)
Rest is drawn in the chart.
PS - Gap up(100-200 point) then 33100 is a key level for reversal or halt
If in any case Big Gap Down...
The following analysis is done on 27 Jan 2021 for 28 Jan 2021 and the coming week.
As the overall trend is up and there is very little to no chance of us having another crash in such a short time, my prediction is that it is just a retracement as it was pending in the monthly time frame. Now as Thursday's are likely to have 70-80% time sideways market and a...
