If market panic sells and we break Nifty 14250 then that can be trouble. We can see 14000 - 13750

Seems like it was a trap to rather catch stoplosses of traders/investors

To reiterate:

STOPLOSS = Buy Price - Sell Price

POSITION SIZE = (Total Capital * 1%)/Stoploss

Strictly follow position sizing and stop losses in a disciplined manner.

The beauty of charts,
Nifty futures bounced exactly from 14250 and Nifty Bank from 31000

Bank Nifty facing rejection from 31700

Important to see if Nifty Bank support of 30700 is held or broken.
If broken we can see 30200 in #BankNifty and 14000 in #Nifty

#NIFTY sliding to 14000, if it breaks that, we can see 13800. #NiftyBank sliding past 30500 as predicted once it breaks 30700

Both targets done.

#Nifty already below 13800 in pre-market. Crucial to close above it today. Otherwise we will see a slide towards 13627-13641

#NiftyBank below 30000 now. Minor supports at 29750 and 29300. Major support at 29000

#Nifty being indecisive and holding onto 13800

And #NiftyBank holding onto 30000 dearly.

Direction can only be confirmed post either break of these levels or bounce back from here

Look how both #Nifty and #BankNifty both defended the 13800 and 30000 levels I mentioned above?

#BankNifty looks to be going for a retest of 31000 and #Nifty a retest of 14000-14250 levels from here

#Nifty has broken crucial 13800 level today. We may see 13600 and 13400. major support at 13200

#BankNifty retested 31000 levels and #Nifty retested 14000 level just as predicted.

But we have successfully avoided taking any long positions this week, i.e, saved our trading capital from the correction.

#BankNiftyFutures is going for a retest of 31300-31500-31700.

#Nifty 13550 levels will be crucial. A break below that and we could see a slide towards 13200

A confirmed breakout above 13790 in #NiftyFutures and we can see 13975 today. A break below 13700 and we can see 13585-13440 today. Do not take any trades between 13700-13790 until market gives a breakout on either side.