Key Notes:
Institutional references identified
- Bank nifty swept previous day Buy Side Liquidity (BSL) indicating probable downfall,
- Price is under higher time frame (H4) Institutional reference levels
Institutional references identified
- Bearish Order Block
- Bearish Mitigation Block
- Buy Side Liquidity (BSL)
- Bank Nifty Futures OI data indicating strong bullish bias
- Most Likely Bank nifty is going to give a strong breakout from institutional reference levels
- Morning Session price may open with strong gap up.
- If gap up is strong enough to break all the key levels, Entire day bullish view
- If gap up is held strongly by bearish order block, then price is going to take a sharp downfall.
- Those who carried shorts for delivery yesterday going to experience some pain today.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.