To me also BANKNIFTY appears strong (only intraday) after this gap down. Atleast they will try to defend the low at 25300,, If it holds might give some long setup with the bounce..
NIFTY as well might try to test PDH if it crosses and sustains above 15m opening range high
This time I am quite a bull ... but my vision is - with naked eyes i dont use binoculars (intraday to very short term) expecting a bounce 26000+
a scope of being terribly wrong is always there
BN spot turned exactly from gann baba's level of 25400. Now at 25200 could go either ways. Think BN spot could bounce from 25060 if it has to go down in the first place. cmp 25200
This time I am quite a bull ... but my vision is - with naked eyes i dont use binoculars (intraday to very short term) expecting a bounce 26000+
a scope of being terribly wrong is always there
Nifty spot is also back to Gann baba's level of 10920. So we are back to square one at least for the moment. If we see a close below this then next stops at 750 levels. For now One day up and one day down. Chop shop is open again.