Bank Nifty for July 8th
My own analysis is provided here, I am not responsible for the trades taken based on this analysis, please do your own analysis before taking any decision.
My View for tomorrow: Currently market is between multiple support and resistance zones, also overall market is in Uptrend since July 1st, hence I am expecting a sideways to volatile market for tomorrow.
Trades can be taken only after a particular support/resistance is broken decisively. Don't trade immediately after breakout, wait for a Retracement and if your Risk/Reward ratio is favorable, trade will small quantity only, market can surprise us tomorrow with movement on either directions, so chances of Stop losses getting triggered is high.
My View for tomorrow: Currently market is between multiple support and resistance zones, also overall market is in Uptrend since July 1st, hence I am expecting a sideways to volatile market for tomorrow.
Trades can be taken only after a particular support/resistance is broken decisively. Don't trade immediately after breakout, wait for a Retracement and if your Risk/Reward ratio is favorable, trade will small quantity only, market can surprise us tomorrow with movement on either directions, so chances of Stop losses getting triggered is high.
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