Yesterday we have seen a good fall after the breakdown of important support , and sentiment is still negative. But as we know for every swing low there will be always a swing high
Considering this , we will be seeing a good recovery today from harmonics levels but the sentiment is negative , we wil be seeing very dirty swings in uptrend , option buyers keep watching your poistions in intrday
So coming back to today levels
We might see the gap of 150-200 points and our trade set up will be very tricky , wait for range creation
first sell the range , considering range bound market,
or in first half if you see nifty trading around 17020, due to good RR and sentiment negative , we can create a short postion from this point
I have attached charts with levels for reference
you can DM me directly if you have any questions
Considering this , we will be seeing a good recovery today from harmonics levels but the sentiment is negative , we wil be seeing very dirty swings in uptrend , option buyers keep watching your poistions in intrday
So coming back to today levels
We might see the gap of 150-200 points and our trade set up will be very tricky , wait for range creation
first sell the range , considering range bound market,
or in first half if you see nifty trading around 17020, due to good RR and sentiment negative , we can create a short postion from this point
I have attached charts with levels for reference
you can DM me directly if you have any questions