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Bank Nifty daily RSI around 70 & ADX at 24
It means momentum is accelerating.
Don’t short on shit theory of market breadth
We are long
😜
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During last premium video update we covered detailed analysis on Nifty and Bank Nifty and so far both have been showing strong momentum. Nifty we entered long around 17350 and booked around 18300 and TSL at 18070 hit. However for weekly still we are holding. For Bank Nifty are expecting 44000. Also initiated swing Buy call from around 41880.
Grasim and Bajaj Finserve didn’t work out as per the expectation.
1 281
Most breakouts are failing in this market conditions. Be careful about trading break outs
