Anticipate this move with a basic price action like Dow theory in 1 minutes chart
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February 2024
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Intraday sellers need to close their positions… so a down move is expected.. 5 Rs option can go to 50
A lot.. today I took a trade on PE @19 and waited till 3.25 pm as data was negative after 3pm on BN
@surya5517 I have subscription to OIpulse
• Mar 6 9:32 PM
Keep this table handy when trading in Banknifty..
Good risk reward.. kindly make sure both futures are abo...read more
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This fall is bound as the ratio of put to call was more than 5 at1 pm
We can see another upmove as we are seeing a future selling is getting unwinding …short covering possible for next 1 hr… fall prediction is only after 2.30pm
We can expect a great fall in BN after 2.30pm once this put sellers start unwinding..for this market needs to be sideways till 2pm
I took a price action class 2 years back and I took notes from the class
Watch NTZ(no trade zone) days
I am trading for last one year with this table and it’s giving good risk reward
