re: Day trading Nifty & Banknifty Futures
+1
I think it will bounce back to 6300 and then fall below 5900 - this series. My 2 cents!
Nifty is near the 61.8% of the current rise from 6079 (Low made on RBI Policy day ) and High of 6342 made on Muhrat trading day,so 6180-6164 is strong support zone. Holding the same Nifty can bounce back till 6300, On Downside break of 6164 Nifty can correct all the way up to 6080.
I think it will bounce back to 6300 and then fall below 5900 - this series. My 2 cents!