Nifty Bouncing between daily order blocks
Nifty is bouncing between the two daily order blocks marked by the blue color.
Intraday we found support at the hourly order block to push prices back up to the order block where we saw instant rejection.
I am looking for prices to disrespect one of the two order blocks to see where prices will be heading.
As for tomorrow, if we open up, we might again see prices fall down, even to the discount order block at 21780.65.
If we open flat or gap down, we might see a fall and then a rise to take the all-time high as well.
As of now, I don't see a clear bullish or bearish argument, so I'll take trades based on where the market opens tomorrow.
Intraday we found support at the hourly order block to push prices back up to the order block where we saw instant rejection.
I am looking for prices to disrespect one of the two order blocks to see where prices will be heading.
As for tomorrow, if we open up, we might again see prices fall down, even to the discount order block at 21780.65.
If we open flat or gap down, we might see a fall and then a rise to take the all-time high as well.
As of now, I don't see a clear bullish or bearish argument, so I'll take trades based on where the market opens tomorrow.
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