3. NIFTY โ nifty is currently reversing from the previous swing
low, as we have discussed this in our previous analysis's.
In our pre analysis we have discussed of nifty high probability of
strong bullish move. Today market opened gap up at PDH and
started falling from there and dropped till S1 and V.CPR level.
As we have planned to take trade if got entry in bullish move,
at that important location seeing the good opportunity we made
our bullish entry and ,then market paid us well. See the picture
below for better understanding.
4.
5. BANKNIFTY โ bank nifty is in muted mode on daily
timeframe. As today market opened near CPR and made a big
bearish candle, after being in small initial balance range for first
hour, then market given a bullish breakout and then made a
bullish move and later also market stayed in small range before
closing, these types of day are example of Double โ Distribution
Day. Trading these days we can book a good profit its all about
recognizing of the day from its narrow IB range and taking entry
according the breakout.
