#banknifty update for 10th Oct'21
Nothing wrong in the market, the structure is bullish only, but if we assume the short term ( marked in blue) is in progress, it will be tough to trade, as the structure is still not clear, might be an ending diagonal/complex structure.
5th Wave is tough to trade, now how to trade? buy the dips and sell the rallies.
DZ:- 37,666 below negative & above positive
Intraday SL for longs :- 36,300
Positional SL for long:- 36,590
The index can go from 38,498 to 39,501.
Regards,
SG
Nothing wrong in the market, the structure is bullish only, but if we assume the short term ( marked in blue) is in progress, it will be tough to trade, as the structure is still not clear, might be an ending diagonal/complex structure.
5th Wave is tough to trade, now how to trade? buy the dips and sell the rallies.
DZ:- 37,666 below negative & above positive
Intraday SL for longs :- 36,300
Positional SL for long:- 36,590
The index can go from 38,498 to 39,501.
Regards,
SG
