trade plan for tomorrow : buy in dips 31420-31470 upside 31950
trade plan for tomorrow : buy in dips 12020-12040 .upside 12110
observation : bank nifty consistently taking support of 50 EMA and RSI near 40 levels .expect pullback in next trading session.
nifty likely to gap up as us market indicating. sell in range of 11980-11970.tgt: 11900 .have smaller target because adx=20 .which means low volatility in market
consolidation at top or bottom along with divergence indicates reversal.
buy banknifty in 30680-30630 . hdfc bank the index heavyweight had breakout ,their is also bullish hidden divergence.note : this is only intraday setup.
sell banknifty in range 30680-30630 .in daily charts fibonacci retracement (0.786=30685)and 10EMA=30415
sell nifty in 11850-11860 note: trade is intraday to positional as big move in market always come on wednesday
sell nifty in range of 11980-12000. tgt: 11840 note: this setup is intraday to positional.
buy banknifty above 31210 note: this setup is only for intrady.