Do you want to trade Nifty Share Price and Banknifty Share Price like Smart Money does? Then you are at the right place because I’m going to show the best way to analyse trade volatile markets like Nifty and Banknifty plus a few extra’s.
But before that lets go through the standard disclaimer – 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 Nifty and Banknifty traded today?
Slack Update 1
Markets opened weak as expected from yesterday. Sellers continued selling today in early trade. Took few references out on the downside. Sellers had the job to take the prices lower.
Slack Update 2
Auction took out lower references. Sellers continued their selling. Nifty tagged the lower boundary of the STF bracket. Order Flow charts showed some trapped sellers.
Slack Update 3
Some buying emerged and took the prices higher. Both indices traded towards the intraday HVN above. Now we need to monitor the HVN for sellers defending this zone. Order Flow charts showed lot of selling now the sellers needed follow through else these sellers will be put under pressure.
Banknifty closed near the lows that puts sellers in control going into the close.
Nifty closed off the lows. The late mark down can turn out to be a test if we can trade above the imp refs marked on the chart.
How to trade Nifty and Banknifty tomorrow?
Banknifty closed right at the lows. This shows sellers were in control of the auction.
Nifty closed off the lows. We have trapped sellers at the lows and the late move does look like a test.
The shape of todays profile is a clear ‘b’ and we will monitor the auction with this context.
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