Morning !
As mentioned in yesterday's blog - "any break and trade below 7675 on 1 hour chart would create sudden panic on downside."
It happened in the same manner from 12:25 PM to 1:25 PM....market broke and traded below 7675 on 1 hours chart....it created sudden panic and within 1 hour 30 minutes from 1:25 it made low of 7587.
Banknifty too behaved in the same manner as mentioned yesterday - "BANKNIFTY any breach below 15780 and 15700 zone and trade below this zone on 1 hour chart should result in sudden fall till 15450."
Banknifty did that in 30 minutes only...from 1:25 pm to 1:55 pm. it broke the zone of 15700 and reached to make low of 15522. a fall of sudden 200 points in next one hour.
Today NIFTY has opened at marginal gap down by 8 points .....levels for downside are as follows for today......7580-7530-7480.
BANKNIFTY has opened at marginal gap down by 21 points....levels for downside are as follows for today......15530-15420-15320.
Happy Trading !
As mentioned in yesterday's blog - "any break and trade below 7675 on 1 hour chart would create sudden panic on downside."
It happened in the same manner from 12:25 PM to 1:25 PM....market broke and traded below 7675 on 1 hours chart....it created sudden panic and within 1 hour 30 minutes from 1:25 it made low of 7587.
Banknifty too behaved in the same manner as mentioned yesterday - "BANKNIFTY any breach below 15780 and 15700 zone and trade below this zone on 1 hour chart should result in sudden fall till 15450."
Banknifty did that in 30 minutes only...from 1:25 pm to 1:55 pm. it broke the zone of 15700 and reached to make low of 15522. a fall of sudden 200 points in next one hour.
Today NIFTY has opened at marginal gap down by 8 points .....levels for downside are as follows for today......7580-7530-7480.
BANKNIFTY has opened at marginal gap down by 21 points....levels for downside are as follows for today......15530-15420-15320.
Happy Trading !
Outlook on lupin bro, pls!!
ReplyDeleteAmit Mishra: would post in morning....looks at updated charts right now.
ReplyDelete