3. BANKNIFTY – market opened gap up, near weekly pivot and
made a bearish candle and start falling from there as you can see
in the image below, the setup worked today is called magnet
setup. The continuous fall in the market led to bearish trending
day. Entry, exit and sl are marked below in the image.
(magnet setup is a type of profit booking setup, usually work
during quarterly result season, market opened gap up and there
are only two option having with the market either to continue in
the trend or fall down to fill the gap, and today market fall
(attracted by CPR). For knowing more about this setup and back
testing of chart follow SMASH FINTECH family.
4.
5. NIFTY – nifty also opened gap up and kept on falling till the end
of the market, converting today in bearish trending day, see the
image below for the better understanding.
