The important point is that we are still in a bear set up. These pullbacks are the toughest to trade but we need to stay away from buying as of now. Swing trading is a different method. It is applicable in any kind of markets.
#Nifty. Yesterday, Nifty made a long doji candle on the daily charts indicating confusion at the highs. 16680 is the intermediate top and support is placed at 16445. I expect price action for the day yo be within this range.
#BankNifty. Clearly the weaker Index. 35800 is the support and 36800 is the resistance.
#Derivative. Data setup is bearish. Pls understand stock futures data is for the month but Index option positions are for the week.
Clear sell on rise.
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