Multi Time Frame Analysis -
1 hr TF - Support has been tested for 3 times. A breakdown is likely.
15 min - Clear no trade zone between 24600-24300 (high premium decay)
Banknifty's previous low was protected but Nifty low of 11710 was broken.
Global Cues - Absolute bloodbath in the global markets. Dow and E100 both are trading under crucial levels. Dow broke the 27000 range and is trading below it.
SGX NIFTY is indicating a gap down opening.
Only about 3 days left before the election and expecting similar volatility.
Scenario's for tomorrow-
Flat to Gap Down - Clear short below 24100 for targets of 23800
Tomorrow being expiry, trade with caution as there might be a lot of whipsaw moves
Happy Trading!
1 hr TF - Support has been tested for 3 times. A breakdown is likely.
15 min - Clear no trade zone between 24600-24300 (high premium decay)
Banknifty's previous low was protected but Nifty low of 11710 was broken.
Global Cues - Absolute bloodbath in the global markets. Dow and E100 both are trading under crucial levels. Dow broke the 27000 range and is trading below it.
SGX NIFTY is indicating a gap down opening.
Only about 3 days left before the election and expecting similar volatility.
Scenario's for tomorrow-
Flat to Gap Down - Clear short below 24100 for targets of 23800
Tomorrow being expiry, trade with caution as there might be a lot of whipsaw moves
Happy Trading!
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.