re: Day trading Nifty & Banknifty Futures
NIFTY Symmetrical Triangle daily TF 15.1.14
Taking cues from the US and Europe markets, NIFTY is likely to open gap up.
But whether it will sustain the gap up, will be a big question.
NIFTY is moving in a symmetrical triangle pattern. So either we will see a BO or otherwise will move southwards towards lower TL. Further, there is also a (just short of point 5) -ww in NIFTY index (15 min tf) with target around 6270 NS.
However -ww has formed in NF (in 15 min tf) with 6275 NF as target. The chart has been posted by Gandhar in ww thread.
still not complete but posted point 5 done