NIFTY 50
First day of the series and last series of the calendar year. This year there is no bullish candle pattern in the yearly candle. so 50% chance it may touch 7500 low this series. The next two day is important to know how the monthly candlestick will be formed and indicators position.
Tomorrow I will look around yesterday high 7898 -7904 Nifty spot to find any resistance. Don't short if it touches 7904, wait for market to get resistance around 7925 and if they correct from there and cut and trade below 7904, Then only try to short the market at day's high or 7956 whichever is high as stop .
Tomorrow there is no predetermined trade. Wait for clues in the intra day.
Bank Nifty
The Resistance looks around 17330 levels. I have to wait for clear pattern to emerge to enter into the trade.
Don't forget the stop order, don't change the order,
Let see ...
Happy Trading Zen Way..
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