SPX is reaching the top of this balance from old business.
4145 areas is a key reference with couple of poor lows from overnight plays. Break of that will look for a rotation on the downside to 4100 levels.
Test and hold of the value zone lows from recent moves. looking for a push higher into friday close.
Stops below 3720 areas.
Crack of this range will see another trend move down, so good enough for a reversal trade as well.
BTC has been building some volumes and base at the 35k Regions.
We have a bullish candle and prices holding.
Trade Idea would be to accumulate here for targets of the zones at 39-40K regions for a short term pullback trade.
We do a larger swing review only once prices hold abv 40k zones now
Banknifty Has bounced off the Value low Zones of the Yearly profiles from 2021, Now wer are in the upper end of the ranges. Key Inflection point being the 38300-500 ranges.
1. Look for rotation trades on the downside until 38500 is taken out, above that can tgt 40k levels.
2.Will look to play bounces off the 37k levels for a long side pullback.
BANKNIFTY has pulled back and consolidated into the most traded volume in recent swing - 37250.
3 days of consolidation range here, hence a break out play outside this range is on offer for the coming week. Should be a 2/3R play for a directional move.