Nifty Bank: 15 minutes a candle
Nifty bank will be bullish above 35050 and bearish below 34350. Avoid trading gap-down but if opens gap-up then look for bearish price action or candlestick pattern to trade.
Nifty 50: 15 minutes a candle
Nifty 50 will be bullish above 17000 and bearish below 16650. Avoid trading gap-down but if opens gap-up then look for bearish price action or candlestick pattern to trade.
Banknifty 15 minutes a candle:
1. Nifty bank will be bullish above 37673 level as per market sentiment it is bullish. You can go for upside trading if it crosses the level of 37673, at once and take advantage of short covering. This trade is valid when market opens flat and goes towards 37673 level.
2. Nifty bank will be bearish below 36400 level but the market sentiment is bullish, so bearish side trading is not recommended.
3. If Nifty bank opens GAP-UP above 37700 levels then wait for the opportunity.
4. If Nifty bank opens GAP-down then avoid the trade.
