OI down by 1.39% and price up by 0.09%, shows FNO neutral setup and Doji formation on the daily chart shows indecision.
Today fall from 11:15 to 12:15 is due to shorting & long unwinding, long unwinding is a thing of worry.
Today is the second day in we made lower low (21,449) and higher high (21,933)
4th Aug LL:21,065 and HH:21,574
29th July to 3rd Aug:-
LH: 22,346/22,253/21,807/21,544
LL: 22,906/21,580/21,375/21,031
Today's high is 68.5% of the last wave of fall.
Decision Zone 21,449- 21,651
I posted yesterday "Pullback till 21,865 / 22,122/22,380 might be on cards till 20,065 holds."
Today's high was 21,933 was a swing high.
I won't make positional short until #banknifty closes below 21k or might be at much higher levels above 22k (where I will post).
Broadly speaking:- 21,000 to 23,000 is the range and below 22,000 we have negative & above positive.
Today fall from 11:15 to 12:15 is due to shorting & long unwinding, long unwinding is a thing of worry.
Today is the second day in we made lower low (21,449) and higher high (21,933)
4th Aug LL:21,065 and HH:21,574
29th July to 3rd Aug:-
LH: 22,346/22,253/21,807/21,544
LL: 22,906/21,580/21,375/21,031
Today's high is 68.5% of the last wave of fall.
Decision Zone 21,449- 21,651
I posted yesterday "Pullback till 21,865 / 22,122/22,380 might be on cards till 20,065 holds."
Today's high was 21,933 was a swing high.
I won't make positional short until #banknifty closes below 21k or might be at much higher levels above 22k (where I will post).
Broadly speaking:- 21,000 to 23,000 is the range and below 22,000 we have negative & above positive.
Ghi chú
At 12:55 PM , #banknifty trying to break the upside of the falling channel.Ghi chú
Price retracing back to the channel and 15 min candle, reversal pattern detected (shooting start), PDH 21,933 is resistance now.
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