SENSEX - Tapped the demand zone
below blue zone there will be decent fall
sell signal already generated on sensex
perhaps its its in its zone
so avoid trading in sensex as it in range bound trajectory.

one"quick" bounce expected from 83754 level

watch out sensex that level

Good morning all...

NIFTY

Nifty - Bounced exactly from the arrow marked yesterday.

Now 3 scenarios for today -
1. Open above las day high with small gap up - more upside
Huge gap up - first retest of last day high then again up but overall bullish

2. Open inside the last day candle probability of rangebound to flat market but on the closing time based on the price action upside possible.

3. Open below yesterday's low - only bearish if not then yesterday's low marke and from there nifty will go up only.

BNF

Bank nifty -
Also bounced from yesterday's drawing as marked.

Now today 2 likely scenarios

1. Open above yesterday's high gap up and go up. 59541 last day high
Above this banks are bullish only.

Upside key levels for bnf are 59739
59859 may act as small supply points

Perhaps once 59739 crosses
Short covering may trigger once close above this

It's also possible in 2-3 next candles bank nifty may break last ATH.

Important supply point before breaking ath will be 60360.

Last swing low not broken Bnf is still following buy on dips structure.

2. Open inside last day candle be it red or green candle it will be a base formation or a pausing candle - then before day high breaks no trade.

3. Opens below day low - likely difficult but if opens then bnf goes more bearish.

SENSEX

Sensex - what a reversal from our LOC band and the strong demand zone marked.

Sensex has taken all the rangebound liquidity now it's ready to fly ATH

Only below yesterday's low downside
Else from here it will go
Up.. up .. up

Nifty supply zones ahead -
25940-26067
26143-26250

Bank nifty supply zones ahead -
59558-59686
59859-59957

Don't make fresh positions inside these zones.

Good morning all.

NIFTY

Nifty -
Already hit demand zone
No aggresive shorting here.

25899+ upside
25473 below downside

In middle rangebound market

Monday 1st hour wait and watch mode for the direction.

25653-25318 remains hard demand zone nifty will keep bouncing from this zone

Upside 25940 - 26067 1st supply point cover longs here.

BANKNIFTY

Bank nifty is in bull trend.
Any immediate small gap down will get bought here.

Bnf already broken descending channel. + w formation high

We will see Ath breaking in Banknifty very soon alltime high in bnf is just 342 points away from last closing

On breaking ath
62005 will be seen in bank nifty.

SENSEX

Sensex still weak on daily chart as the RSI is below 40..

1 upside candle will come RSI 45-50
Then pullback/downside candle will hit 40 RSI retest and then upside will be see here.

As of now no trade in sensex

In short -
1. Bnf super bullish (D/W/M) as per all HTF timeframes
2. Nifty 40 RSI retest done slow upside momentum will be seen here onwards
3. Sensex - bearish as of now. Confirmation on upside will be on closing basis only.

Bnf following drawing as marked. ❇️

For intraday index study and trades
Join LOC PREMIUM channel.

👇👇👇👇👇👇👇👇👇👇👇
https://tinyurl.com/mr3k9sjh

Open demat account with this free link and join lifetime free loc premium channel.