#NIFTY Definitely leader of the pack this week. Key Support at 12720F, Hold abv that will continue to remain bullish.
1. Hold abv 12720F for a move to 12860 /13020 2. Break and hold below 12600 for a move to 12440/12350/12290
#BANKNIFTY Pretty balanced week- where the bulls and bears were leveled and closing near VPOC of the week. Will look for break and hold outside this zone (28850-28150) or rotation within this zone. 1. Break abv for a test of 29200/29900/30100 2. break below for a test to 27750/27200
-We use methods of Volumeprofile analysis for identification of key S/R levels of the markets. This also helps us stay aligned with the institutional flow. Further we use orderflow for execution refinement and entry exit decision making.
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#banknifty targets of 29500 done, now support at 29240 for the rest of the move. #nifty 12865 done, support now at 12845 for the move