Resistance is still saying 23,630 to 23,650
Nifty got support 1 at 23,370 to 23,400
Gift nifty is trading -75 point
Green line it our pitchfork line
Bounces back by 100p in last 15 min
Banknifty in sell zone
Bank nifty is still in positive zone
Technically, nifty is in sell zone
Seller or put buyers are active today so far
Nifty bouncing back from 23480 levels
23,480 to 23,450 is immediate support for nifty
Nifty opening 70p gapup
Resistance now available at 23,650
Long short ratio stands at 55%
Looks like banknifty TGT is 52k today
Support 2 coming at 23,200
Asian markets are also slightly red
it's acting as support since long today too again immediate support
Importance of stop loss
Nifty still above 23480
https://x.com/trainingsvoodoo/status/1803646637367275668?s=61&t=E6U5il-u6aFcGegvtM7Twg
However, no selling trade yet
More call writing happening
Banknifty from 51500
Any fall below these levels will trigger selling
Nifty fall by more than hundred points
Bank nifty above 51,500 can raise beyond 52,000
Support in nifty coming around 23,450
Good morning friends
Looks like it's stop loss hit of sellers