All world market is in red around 8.00 am, but not in deep red, we are going to open down as indicated by sgx, -30 is possible. 9640 - 9620 levels in future. Spot level yesterday low 9639 will be very supportive for market.
We have to find out how long the market will trend lower.
Only double bottom in intra day chart will be good entry for longs, a low around 11.30 and bounce up to 12.30 and revisit the low around 1.30 when EU traded. and bounce from there.
I try to go long on scrip with the above setup in Index occured, If I have to long in index, the target will be max 30-40 points.
Bank nifty will behave differently to Nifty , Since icici, sbi , indusind, yesbank looks good in chart and they will hold the index. DIPS around 23250 can be bought immediately, at any time.
We have a plan, let see ....
Happy Trading.
We have to find out how long the market will trend lower.
Only double bottom in intra day chart will be good entry for longs, a low around 11.30 and bounce up to 12.30 and revisit the low around 1.30 when EU traded. and bounce from there.
I try to go long on scrip with the above setup in Index occured, If I have to long in index, the target will be max 30-40 points.
Bank nifty will behave differently to Nifty , Since icici, sbi , indusind, yesbank looks good in chart and they will hold the index. DIPS around 23250 can be bought immediately, at any time.
We have a plan, let see ....
Happy Trading.
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