Today we will talk about Nifty 50 and Bank nifty. In this post i will tell you about my idea for tomorrow and coming days.
Nifty 50 1 day chart
Bank nifty 1 hour chart
(I have put in simple levels to understand) (Use this for study purpose only)
Now talking about other than trend lines and levels, i believe that tomorrow will be a small gap up opening of 30-40 points in nifty 50. Currently nifty 50 and bank nifty are trading in a strict range so it difficult to say. According to me i can see a break out on the short side in coming days as i believe a small correction is yet to come. But if market takes support above the market levels we will go towards another bullish rally.
So for me plan would be to wait for a proper break out signal after analyzing the market
If you want to learn more about stock market you can message me on Instagram or email me for more details. you can check premium plan details on the website itself.