How to trade Nifty and Bank Nifty Tomorrow?
Learn how to trade in Nifty and Bank Nifty Share Price via Market Profile Charts and Order Flow Charts.
Using Auction Market Theory Principles.
See how to spot trades on Nifty and Bank Nifty Share Price Chart via real time Slack Updates, not in hindsight.
Use Market Profile Charts and Order Flow Charts to create Potential Auction Paths aka Hypos for tomorrows trading, Step by Step.
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Derivatives Trading involves substantial risk of loss therefore is not suitable for all investors. Past Performance is not necessarily indicative future results. All information shared here is for educational purpose only. – Read Full Disclaimer
How we traded Nifty Share Price and Banknifty Share Price today?
Slack Update 1
The open was inside the Spike on both Nifty and Banknifty. But Nifty managed to drive out of the Spike whereas the Banknifty stayed within. Now the premium adjustments may cause some discrepancy but I prefer to use it anyway. During first few days I try to concentrate on the internal structure more rather than the old references. But these references still work.
Slack Update 2
Whereas Banknifty was developing into a nice ‘P’, nifty was finding consistent demand and was OTFing up nicely. The ‘P’ in Banknifty gave us 2 options as usual, either new biz and a continuation up, or a ‘P”+Spike and a short term reversal at least.
Slack Update 3
While Nifty continued the OTFing up, Banknifty broke out above the loop and then saw the acceptance above the loop, that looked like new biz, and the familiar spike up followed. A nice log scalp there.
How to trade in Nifty and Bank Nifty Share Price tomorrow?
The consistent OTFing in Nifty is a sign that buyers may be absorbing the supply. Banknifty too continued higher after opening inside the spike. Now we need to stay above the spike top, for further continuation higher.