Bank Nifty - What to expect ?
Key Highlights:
1. First attempt to break out of the channel.
2. Getting constantly rejected from the 36700 level.
3. Unfilled gap at 36900-37300 = Will act as resistance until the supply gets cleared.
4. There are 2 big pools of liquidity on each side. 1 has SL of the SHORTS, 1 has SL of the LONGS.
5. Liquidity = Pending orders in the market. The market moves from one zone of liquidity to the other zone of liquidity.
6. Longs only on closing above 37000. Shorts on closing below 36500. Aggressive shorting on closing below 35500.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)
1. First attempt to break out of the channel.
2. Getting constantly rejected from the 36700 level.
3. Unfilled gap at 36900-37300 = Will act as resistance until the supply gets cleared.
4. There are 2 big pools of liquidity on each side. 1 has SL of the SHORTS, 1 has SL of the LONGS.
5. Liquidity = Pending orders in the market. The market moves from one zone of liquidity to the other zone of liquidity.
6. Longs only on closing above 37000. Shorts on closing below 36500. Aggressive shorting on closing below 35500.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
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