the Banknifty index is still in range...
Price is continuously rejecting from the level @45100...
today after a strong fall price stopped its bearish momentum...and
price closed in the same range again...
If tomorrow price breaks the 44700 level...will be on buy side up to trendline and 45100.
If price wants to breaks this strong bullish momentum it has to break with either gap down or consolidation to bearish.
Until price breaks this level 44300 level keep on bullish...
On upside we are still pending with the retest of major trendline...
Keep track this trendline...if resist the price to go up will get good point.
will see in the next session what happens...
Price is continuously rejecting from the level @45100...
today after a strong fall price stopped its bearish momentum...and
price closed in the same range again...
If tomorrow price breaks the 44700 level...will be on buy side up to trendline and 45100.
If price wants to breaks this strong bullish momentum it has to break with either gap down or consolidation to bearish.
Until price breaks this level 44300 level keep on bullish...
On upside we are still pending with the retest of major trendline...
Keep track this trendline...if resist the price to go up will get good point.
will see in the next session what happens...
Note
The end of bearishness ....but don't go longNote
we don't have confirmation....as this is yesterday's continuation...Note
wait until price breaks the trendline...before long.Note
until don't go long....it may again continue its direction...be safe.Note
Inverse Head and shoulder may comes...will seeNote
don't go for shortNote
Enter long on break of this..Note
safe ones avoid...It is a risk one.Note
If any one wants to change thier stoploss change it to below neckline...Note
Its revolving around entry point....Note
Its being risky...take care of good ones.Trade closed: stop reached
Note
Hitting the retail traders stoploss and moving back....Note
I am entering long again.Note
there is a chance that same level again push it down...keep safe.Note
No more trades for today....as it is very volatile....leave for the day.Note
price is at important level.. 
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Related publications
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.