When you understand where you have to buy and where you to sell then definitely you can catch these moves.
When everybody was buying , pro trades were selling . There was lot of resistance for bank nifty in the opening session at high's.
I found bank nifty more weaker than nifty in the morning . That was the reason I shorted Bank nifty .
On the previous day there was a strong profit taking , so I was expecting a rebound in the market . But for that you need a very good entry to join the run .
Just got a perfect entry at the bottom and made my day .
Those white and black candles indicate large volumes in 5 mins. Where smart money is involved.
As per this study, big fall possible below 24200. Big up move possible above 24800. Till then range bound move is anticipated.
However with in the range big candles can form, as both buyers and sellers are in fighting mode.
Those lines can act as support &...