A weak day! Nifty, Banknifty analysis with levels & top stocks
Nifty and Banknifty both saw a weak day today, with higher levels being rejected after a weak intraday momentum.
While option decay was present, trying to go contra might have yielded a better RR as even though the broader bias appeared to be on the downside, we did see a few very strong spurts, especially the first candle in Banknifty.
So let's analyse #nifty and #banknifty candle by candle. Along with the top stocks, Reliance, HDFC Bank, Infosys, HDFC, ICICI Bank, Kotak Bank, SBI Bank, Axis Bank.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,660, 15,733, 15,750 --- ....15,986 (don't want to pick tops)
Levels for Banknifty: 34,640, 34,800 --- 35,011, 35,250, 35,340, 35,400, 35,529,
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
While option decay was present, trying to go contra might have yielded a better RR as even though the broader bias appeared to be on the downside, we did see a few very strong spurts, especially the first candle in Banknifty.
So let's analyse #nifty and #banknifty candle by candle. Along with the top stocks, Reliance, HDFC Bank, Infosys, HDFC, ICICI Bank, Kotak Bank, SBI Bank, Axis Bank.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,660, 15,733, 15,750 --- ....15,986 (don't want to pick tops)
Levels for Banknifty: 34,640, 34,800 --- 35,011, 35,250, 35,340, 35,400, 35,529,
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
